USA: According to Transparency Market Research, the wearable technology market was worth more than $2.5 billion in 2012 and is expected to grow with a CAGR of 17.7 percent to over $8 billion by 2018.
The WT Innovation World Cup sponsored by title sponsor STMicroelectronics, Texas Instruments (TI), AiQ, C. Schneider—New Solutions, and VARTA Microbattery, recognized the importance of wearable technologies early on.
Since 2009, the world’s leading wearable technologies competition has been looking for innovative ideas, products, apps, small electronic devices, and prototypes. As in the previous years, every submission will get the chance to win prizes worth a total of $200,000. Participation is free of charge.
Wearable technologies are becoming more prominent and useful every day. Start-ups and big companies alike are jumping on the wearable technologies bandwagon by announcing or releasing wearable devices. Who hasn’t heard about Google Glass, Apple’s plans to “explore” the wearable tech market, or seen the smart watches from Pebble? The potential for wearable computers and small electronic devices is huge, and business leaders are considering it to have at least as much impact as the Internet had.
For the fifth time, since June 1, 2013, the WT Innovation World Cup is looking for the best and most innovative new wearable solutions. Contestants can submit their product or solution until November 30, 2013 in the categories: Sports & Fitness, Healthcare & Wellness, Security & Prevention, and Gaming & Lifestyle.