Top Wearable Technology Stocks | Apple is Number One

The wearable know-how market has skilled vital progress in recent times. Shopper enthusiasm for wearable tech merchandise has been constructing, which in flip has led to an increase in investor curiosity for wearable know-how shares.

Analysis agency Gartner predicts that international client spending on wearable units will whole practically US$93.9 billion in 2022, up greater than 35 % from US$69 billion in 2020. The smartwatch and ear-worn (hearables) classes make up nearly all of spending within the international wearable units market.

The analysis agency attributes some the anticipated progress to “the rise in distant work and elevated curiosity in well being monitoring in the course of the COVID-19 pandemic.”

Equally, Grand View Analysis expects the wearable know-how {industry} to develop at a compound annual progress charge of 15.9 % between 2020 and 2027, reaching US$104.39 billion.

With these numbers in thoughts, it’s worthwhile for traders to concentrate on the key wearable know-how shares on supply. Right here the Investing Information Community appears on the 5 best-performing wearable know-how shares on the NASDAQ and NYSE over the previous yr. Information was generated on February 1, 2021, utilizing TradingView’s inventory screener, and numbers had been correct at the moment.

1. Apple (NASDAQ:AAPL)

Yr-on-year achieve: 74.9 %; market cap: US$2,259.846 billion; present share value: US$134.68

Though it’s maybe greatest referred to as the maker of the iPhone, Apple can be a wearable tech participant. The Apple Watch Collection 1 launched in 2015, and rapidly turned the world’s best-selling wearable that yr, hitting 4.2 million bought within the second quarter. Since then, the tech monster has grow to be the largest participant within the wearable tech market. Its product portfolio consists of the Apple Watch, AirPods and the AirPods Professional.

Regardless of being on prime of the wearable tech market, this section of the know-how sector nonetheless represents an space of progress for Apple. In response to Bloomberg, the massive tech firm is growing a digital actuality headset as a precursor to extra superior augmented actuality (AR) glasses. These merchandise reportedly could also be dropped at market in 2022 or 2023.

2. Amazon (NASDAQ:AMZN)

Yr-on-year achieve: 65.7 %; market cap: US$1,668.964 billion; present share value: US$3,326.28

Amazon waded into wearable tech in 2019 with a hearable machine dubbed Echo Buds and a pair of high-tech specs referred to as Echo Frames. In 2020, the corporate got here out with a wrist-worn wearable, the Halo health tracker, which together with an app can monitor bodily exercise, physique fats and feelings.

In response to a report by Enterprise Insider, Amazon additionally appears to be taking a place within the medical machine market with an Alexa-powered machine that may monitor and monitor sleep apnea sufferers.

3. Microsoft (NASDAQ:MSFT)

Yr-on-year achieve: 38.34 %; market cap: US$1,819.41 billion; present share value: US$241.27

Microsoft tried breaking into the wearable machine market in 2015 with the launch of the Microsoft Band, a smartwatch with an exercise tracker. On the time, the product couldn’t compete with extra entrenched rivals available in the market.

Now the corporate may be bringing again the Band to handle an unmet want: client merchandise able to measuring blood strain. As with Amazon, there are rumors the tech big could also be seeking to the medical machine sector with a wrist wearable aimed toward monitoring and monitoring blood strain.

Within the AR realm, Microsoft’s HoloLens is concentrating on the economic sector, not like its rivals within the area, the Fb (NASDAQ:FB) Oculus and HTC (TPE:2498) Vive, that are targeted extra on leisure and gaming. In Seattle, a Microsoft analysis lab is researching wearable tech through partnerships with attire and textile corporations.

4. Alphabet (NASDAQ:GOOGL)

Yr-on-year achieve: 28.37 %; market cap: US$1,287.151 billion; present share value: US$1,902.65

Alphabet is the guardian firm of Google, and has quite a lot of merchandise within the wearable know-how market. Google’s Put on OS is a model of Google’s Android working system designed for smartwatches and different wearables. The smartwatch platform is utilized by watchmakers equivalent to Oppo and Fossil. In early 2021, Google lastly made its long-awaited transfer on Fitbit, closing a US$2.1 billion merger.

Google was the primary massive tech firm to tackle client AR with its Glasses product, and there are expectations that its June 2020 acquisition of North, a Canadian good glasses firm, is an efficient signal it’s wanting to return to the drafting board for a greater product.

5. Garmin (NASDAQ:GRMN)

Yr-on-year achieve: 18.91 %; market cap: US$22.358 billion; present share value: US$116.91

Garmin is one other big-name participant in wearable know-how shares. The corporate affords international positioning system (GPS) navigation, in addition to wi-fi units and functions. Garmin’s merchandise vary from outside handhelds to wearable units to golf units to canine monitoring and coaching units.

When it comes to its wearable units, the corporate is concentrating on health and exercise coaching. The truth is, Garmin is taken into account the third largest maker of smartwatches after Apple and Samsung. In mid-2020, Garmin acquired Firstbeat Analytics, which not solely supplies the analytics and metrics software program for Garmin’s smartwatches, however for its rivals as nicely.

In early 2021, Garmin acquired GEOS Worldwide, a privately held industry-leading supplier of emergency monitoring and incident response companies. GEOS Worldwide operates the Worldwide Emergency Response Coordination Middle.

That is an up to date model of an article first revealed by the Investing Information Community in 2015.