2022 Predictions: Wearable Tech to dominate consumer IoT with $97.5 billion revenues

Wearable tech will represent 46% of the consumer Internet of Things (IoT) market in 2022, followed by automated home (37%) and connected car (17%), according to GlobalData, a leading data and analytics company.

GlobalData’s report, ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research’, reveals that wearable tech will generate $97.5 billion in revenues in 2022, representing both the largest and fastest-growing segment by revenue in consumer IoT by 2022.

Rachel Foster Jones, Analyst on the Thematic Team at GlobalData, shares her views on consumer IoT in 2022:

Wearable tech will generate $97.5 billion revenues in 2022

“Hearables will dominate wearable tech revenues in 2022, but smartwatches also remain popular. The explosion in interest for health and fitness monitoring shows no sign of declining and vendors are continuing to invest in advancing the capabilities of their devices to position themselves ahead of the competition.

“Competition in the smart glasses

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Best new car tech from GM, BMW, Hyundai, Fisker

Automotive tech has evolved into a significant story at the annual Consumer Electronics Show – and CES 2022 was no exception.

Even with the smaller crowds due to pandemic fears and travel restrictions, the future of transport was revealed at this year’s show, as well as virtually for those attending remotely, and you need not be a gear head to be blown away at what’s coming down the road.

Electrification, automation, and personalization proved to be the three biggest automotive tech trends you can expect going forward, including vehicles designed to make transport safer, faster, more comfortable, and less taxing on Mother Earth.

A few highlights:

Chevy Silverado gets electrified

In her keynote address, General Motors CEO Mary Barra took the wraps off the 2024 Chevrolet Silverado EV, a next-gen full-size pick-up with battery-powered range of up to 400 miles on a full charge. Prices are expected to start

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Analysis-Jumping on EV wagon represents risky ride for tech pioneer Sony

By Tim Kelly

TOKYO (Reuters) – From personal music players to games consoles, Sony Group has often gambled in order to be a pioneer, but a leap into electric cars could take the risks to a new level for the Japanese consumer tech giant.

While investors were wowed when Chief Executive Kenichiro Yoshida this week told a Las Vegas tech fair the company was setting up Sony Mobility, its stock fell 7% on Thursday as they contemplated the challenge of actually delivering EVs packed with sensors, consumer electronics and entertainment offerings.

The primary goal of Sony-branded cars, analysts say, is to create an autonomous connected vehicle for services such as car sharing and ride hailing, which could eventually outstrip automobile sales.

Research firm MarketsandMarkets estimates that the “mobility as a service” market could balloon to $40 billion by 2030 from around $3 billion last year.

But analysts point out that

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(MULN) – Mullen Automotive Partners with DSA Systems for OTA Tech, System Diagnostics

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has announced a key partnership with DSA Systems, a leading international provider of vehicle system diagnostics and remote OTA technology. The partnership calls for the two companies to collaborate on Mullen’s strategic FIVE EV Crossover Program. MULN is working on its Mullen FIVE offering, which is built on an EV crossover skateboard platform that provides multiple powertrain configurations and trim levels in a design that is Strikingly Different(TM).

In the announcement, MULN noted that DSA is a global leader in equipping automotive OEMs with vehicle diagnostics and connectivity, building a renowned reputation for providing monitoring and supporting technologies throughout the entire life cycle of vehicles. The company anticipates using DSA’s underpinning diagnostic technology in all future vehicle programs. “We intend for the Mullen FIVE to have the best 5G OTA technology from DSA, allowing us to remotely diagnose and

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