Smartwatch News

Recent industry report about Smartwatch company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Smartwatch Market industry experts.

Smartwatch News

  • January 2024 - Fire-Boltt announced the expansion of its portfolio with the launch of the Android-based smartwatch, the Dream wristphone. This wearable's sleek and compact design redefines the landscape of wearable technology. It provides the sprawling capabilities of a smartphone, including a 2.02-inch true-view display with 600 nits of peak brightness. The Dream wristphone features a Cortex quad-core 2GB RAM, CPU, and 16GB storage, guaranteeing a powerful and well-organized user experience.
  • September 2023 - Apple announced several features for watchOS 10 along with Bluetooth connectivity for speed sensors, power meters, as well as cadence sensors, arrive for cyclists, unlocking new-fangled metrics as well as Workout Views, and cycling workouts are anticipated to automatically get displayed as a Live Activity on iPhone in addition to it users are now able to utilize the full screen. Furthermore, new Compass Waypoints, as well as Maps capabilities, can additionally help during times of outdoor adventures.
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  • August 2024: The Tourism Authority of Thailand (TAT) has unveiled its new influencer marketing platform, 'TAT Connex', marking a significant step in its digital transformation strategy for promoting and developing tourism. 'TAT Connex' invites a diverse range of participants, including local and international Key Opinion Leaders (KOLs), influencers, bloggers, media personalities, and celebrities. They can connect with ten distinct categories of tourism-related businesses. These categories encompass dining establishments, hotels and homestays, transportation services, recreational activities and attractions, travel agencies, health and beauty services, shopping centers, entertainment venues, and souvenir shops.
  • July 2024: Collective Artists Network, a new media entity focused on pop culture, is venturing into AI by acquiring Galleri5. Galleri5 is an AI-driven platform specializing in influencer marketing analytics and content management, catering to brands and influencers. Its offerings encompass AI-generated visual content, creator intelligence, campaign oversight, and trend prediction. By acquiring Galleri5, the firm is making a significant stride in weaving deep tech and AI into the fabric, bolstering its capacity to deliver state-of-the-art solutions to talents, content platforms, and brands.
  • July 2024: Publicis Groupe has agreed to acquire Influential, the leading global influencer marketing platform. Influential specializes in authentically linking brands to their audiences through creating, deploying, and optimizing digital campaigns driven by creators. As the world's largest influencer marketing firm by revenue, Influential boasts a proprietary AI-driven technology platform that analyzes over 100 billion data points. Its expansive network includes over 3.5 million creators, granting access to data on 90% of global influencers with over 1 million followers. Currently, Influential provides its services to more than 300 brands worldwide.
  • June 2024: Qoruz, an influencer marketing platform based in India, has partnered with Dabur, a brand celebrated for its natural and Ayurvedic products. This collaboration enhances Dabur's influencer marketing strategy, fostering more authentic and impactful connections with its audience. Leveraging Qoruz's sophisticated analytics and influencer management tools, Dabur aims to pinpoint influencers that resonate with the brand's fundamental values. Through Qoruz’s platform, Dabur gains data-driven insights into influencer performance and audience engagement, enabling them to craft campaigns that effectively resonate with their target demographic.
  • June 2024: Materialise, a global frontrunner in 3D printing software and services, partnered with ArcelorMittal Powders, a division of ArcelorMittal dedicated to producing premium steel powders. The two entities signed a memorandum of understanding (MOU) aimed at enhancing laser powder bed fusion (LPBF) equipment and refining metal 3D printing strategies. As part of this collaboration, ArcelorMittal will leverage Materialise’s advanced build processor for its 3D printers.
  • May 2024: Farsoon introduced its FS811M metal powder bed fusion series platform. The FS811M series features a generous build volume of 840 x 840 x 960mm and offers the flexibility of being outfitted with powerful 6, 8, 10, or 12 x 500-watt fiber lasers. As the newest entrant in Farsoon’s metal 3D printer lineup, the FS811M emerged from a collaborative innovation initiative with prominent industry partners already utilizing multiple FS621M systems.
  • March 2024: Materialise unveiled its e-Stage for Metal+ software, set to debut at the Additive Manufacturing Users Group (AMUG) show. This software enhances data handling and builds preparation for laser powder bed fusion (LPBF) systems. Leveraging physics-based modeling, it automates the generation of support structures, paving the way for a more economically viable approach to metal additive manufacturing (AM).
  • July 2024: Sydney, Australia, inaugurated a facility focused on transforming hard plastics from electronic waste into 3D printing filament. This facility, a collaboration between the University of New South Wales (UNSW) and IT asset management firm Renew IT, marks a pivotal move towards sustainable waste management. Situated in Lane Cove, New South Wales, the facility boasts the advanced Plastics Filament MICROfactorie Technology, a brainchild of UNSW's Centre for Sustainable Materials Research & Technology (SMaRT). This innovative technology adeptly converts hard plastic waste, often sourced from electronic devices, into a valuable material for 3D printing.
  • June 2024: Raise3D, a prominent 3D printer manufacturer, unveiled its latest series, the Pro3 HS, which utilizes Fused Filament Fabrication (FFF) technology. Alongside this launch, the company introduced the Hyper Core Filament Line. The Pro3 HS Series, featuring an advanced motion control system, boasts enhanced speed, precision, and accuracy, making it ideal for efficiently manufacturing large composite components. In addition, the printer is versatile, supporting a range of materials, including ASA filament.
  • July 2024: ECOVACS, a leading company in robotic home cleaning solutions, introduced three new innovative robot vacuum models: DEEBOT T30S COMBO, DEEBOT X5 PRO OMNI, and DEEBOT N20 PRO, designed to cater to the various cleaning needs of households in Singapore. This new lineup reflects ECOVACS' dedication to providing top-notch products to consumers, with a focus on technological advancements and high-quality cleaning solutions for modern homes.
  • April 2024: Roborock, a leading company in the field of advanced home robotics, announced that it has achieved the top position in global sales of robotic vacuums. Additionally, the brand has offered a sneak peek into its upcoming product lines and shared its vision for the future. Over the period of 2019 to 2023, Roborock made a significant investment of CNY 1.9 billion (USD 260 million) in R&D. Roborock encourages innovative solutions that meet the needs of consumers, including enhancements in cleaning efficiency, mapping and navigation, convenience, and integration with smart home technology.
  • July 2024: In collaboration with Saintgits College of Engineering in Kottayam, Tvasta Manufacturing Solutions, a trailblazing deep-tech startup in Construction 3D Printing, inaugurated Kerala's inaugural Concrete 3D Printer Lab. This state-of-the-art facility is set to enhance research and innovation in the construction sector, leveraging cutting-edge 3D printing methods.
  • March 2024: ICON, known for its pioneering role in advanced construction technologies and large-scale 3D printing, unveiled a suite of innovative products aimed at automating the construction process. Highlights include a groundbreaking robotic printer capable of multi-story constructions, a novel low-carbon building material, a digital catalogue boasting over 60 ready-to-build home designs, and an AI Architect tailored for home design and construction.
  • June 2024: Desktop Metal, a leading provider of Additive Manufacturing Technology, announced that platinum has been qualified as a customer-approved material on its Production System P-1. This qualification comes with a specialty powder developed by Legor, a comprehensive solutions provider in jewelry manufacturing. Furthermore, Desktop Metal's Powmet line offers certified ultra-pure metal powders compatible with both laser and binder jet 3D printing systems. The company emphasizes that qualifying Legor’s Powmet platinum on the Production System P-1 marks a significant advancement for binder jet 3D printing in the jewelry, watchmaking, and luxury goods sectors.
  • May 2024: Desktop Metal unveiled its Reactive Safety Kit for the Production System P-1, facilitating safe and rapid binder jet 3D printing of titanium and aluminum. After over two years of development and testing, the P-1 Reactive Safety Kit incorporates ATEX-rated components alongside essential hardware and software upgrades, prioritizing safety. ATEX certification, awarded to equipment after stringent testing per European Union directives, ensures safety in environments prone to explosive atmospheres.
  • July 2024: Prusa Research unveiled the Prusa Pro HT90 3D printer, signifying its foray into the industrial 3D printing sector. This innovative printer was presented at the Rapid TCT exhibition held in Los Angeles. Featuring delta kinematics, the printer boasts versatility and delivers high-speed performance, outstanding print quality, compatibility with an extensive range of third-party materials (eliminating vendor lock), and robust user data security.
  • July 2024: Hello Additive unveiled its innovative Dragon Software, aimed at transforming the additive manufacturing sector. This software delivers sophisticated features for enhancing the 3D printing workflow, granting manufacturers exceptional control, accuracy, and efficiency.
  • May 2024: Boston Micro Fabrication (BMF) announced launching the first-ever series of hybrid micro-precision 3D printers designed for micro-scale and ultra-high-resolution applications, offering customers enhanced options for high-precision 3D printing. The inaugural model in this series, the dual-resolution microArch D1025, is capable of printing at resolutions of 10 µm or 25 µm, as well as in a hybrid mode that allows for the use of both resolutions within the same or separate layers.
  • August 2024: Point2 Technology, known for its ultra-low-power, low-latency mixed-signal SoC solutions tailored for multi-terabit interconnects, joined the ranks of the Open Compute Project (OCP) Startup Program. This exclusive, invite-only tier caters to pioneering hardware and software startups dedicated to open-source designs, specifically for hyperscale data center operators. Members gain access to valuable networking opportunities, expert feedback, mentorship, and active participation in OCP events through the OCP Startup Program.
  • June 2024: The Open Compute Project (OCP) announced a significant milestone in its Server Resilience initiative by awarding academic research funding to combat Silent Data Corruption (SDC). The recent call for proposals attracted 19 innovative submissions from prestigious universities globally, underscoring a strong commitment to tackling the issue.
  • April 2024: The Open Compute Project Foundation (OCP) teamed up with Infrastructure Masons (iMasons), a nonprofit professional association focused on shaping a better digital future. This collaboration centers on sustainability initiatives, particularly the iMasons Climate Accord (ICA). By merging the OCP Community's influence on the data center supply chain with iMasons' connections to end users, the partnership aims to tackle a significant industry challenge: developing a sustainable and scalable digital infrastructure that meets the demands of AI and HPC, extending from data centers to the edge.
  • January 2024: Ramboll became a member of the Open Compute Project (OCP). By collaborating with OCP and ICA, Ramboll underscores its commitment to pioneering sustainable innovations within the digital infrastructure sector. Ramboll and its partners aim to forge a sustainable future for the coming generations through joint efforts, knowledge exchange, and unified initiatives.
  • July 2024: BASF's Forward AM division took over BASF's additive manufacturing business, which includes the Sculpteo service. The division will operate under the name Forward AM Technologies. Backed by BASF, this strategic move seeks to enhance customer support and market responsiveness. The company will continue to offer its solutions and services to its strong customer base across the globe.
  • June 2024: Quantica successfully raised its Series A funding, totaling EUR 19.7 million. The funding extension was spearheaded by West Hill Capital, a British private equity and venture capital firm. They were joined by a family-owned company from the dental sector, Quantica's management team, and Big Bang Angels, a venture capital firm from Korea.
  • March 2024: Gefertec GmbH unveiled its arc80X Wire Arc Additive Manufacturing (WAAM) machine, which supports a range of welding systems from various manufacturers. This feature empowers customers to tailor the machine to their specific needs. Furthermore, this adaptability means the machine can be upgraded or modified should customers decide to incorporate new functionalities.
  • July 2024: Du, a leading telecommunications operator in the Middle East, is launching Oracle Alloy. This initiative aims to deliver cloud and sovereign AI services to businesses, government entities, and public sector organizations across the United Arab Emirates. By leveraging Oracle Alloy, du enhances its role as a cloud provider, facilitating faster innovations with greater customization and control. Du's clientele now has access to over 100 Oracle Cloud Infrastructure (OCI) services featuring advanced AI solutions. These offerings are specifically designed to meet the diverse UAE markets and sectors' distinct needs, ensuring full compliance with local regulatory standards.
  • April 2024: Acronis, a global leader in cybersecurity, has unveiled its Cyber Cloud Data Center in Dubai. This marks Acronis' first venture in the Middle East, highlighting the company's commitment to the region's expanding Cloud and Data Center landscape.
  • April 2024: G42, a UAE-based AI technology holding company, has clinched a strategic investment worth USD 1.5 billion from Microsoft Corp. This partnership is set to roll out advanced Microsoft AI technologies and training programs, extending their reach from the United Arab Emirates to a global audience. To further cement this alliance, Brad Smith, Microsoft's Vice Chair and President, will be joining G42's Board of Directors.
  • February 2024: Cisco announced the establishment of a new local cloud data center in the United Arab Emirates, dedicated to its Duo multifactor authentication (MFA) and secure access solutions. Situated in Dubai, this cloud data center is a strategic move in line with Cisco and Duo's global vision to bolster security infrastructure. The facility will be fully equipped to support Duo's sophisticated zero-trust platform, featuring MFA, single sign-on (SSO), secure remote access, device trust, password-less entry, adaptive risk-based policies, and the automated detection of malicious user behavior, all powered by Machine Learning (ML) and Artificial Intelligence (AI). Moreover, its strategic location promises to enhance performance and elevate the business user experience.

Smartwatch Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)