A combination of technology maturity, consumer popularity, familiarity with contactless payments, and the unique external phenomena of Covid-19 is accelerating today’s market adoption of contactless technologies.
The Oppo Watch features Google’s own Wear OS and Google Assistant, an AMOLED display, an AI-based watch face generation algorithm, and a dual-chip endurance system that boosts battery life by up to 21 days when in power-saving mode.
Wearables have been affected by the Covid-19 pandemic because consumer interest in buying non-essential devices has dropped in the first quarter of 2020, along with the issues associated with a hampered supply chain.
Wearables have become another weapon to track, monitor, and fight the progression of Covid-19 and its symptoms worldwide, according to tech market advisory firm ABI Research.
Continued end-user demand, proliferation of devices, and declining average selling prices will propel the worldwide wearables market in the years to come.
Ear-worn devices experienced the fastest growth (135.1% year over year) and accounted for 34.6% of all wearables shipped.
The growing popularity of smartwatches and greater wearables adoption in emerging markets will combine to produce a five-year CAGR of 11.0% with shipments jumping to 189.9 million units in 2022.