{"id":11242,"date":"2022-06-28T16:04:28","date_gmt":"2022-06-28T13:04:28","guid":{"rendered":"https:\/\/www.robomarkets.com\/blog\/?p=11242"},"modified":"2024-02-01T16:15:19","modified_gmt":"2024-02-01T13:15:19","slug":"wearable-devices-ipo-gadget-management-with-a-subtle-movement-of-a-finger","status":"publish","type":"post","link":"https:\/\/www.robomarkets.com.cy\/blog\/stock-market\/wearable-devices-ipo-gadget-management-with-a-subtle-movement-of-a-finger\/","title":{"rendered":"Wearable Devices' IPO: Gadget Management With a Subtle Movement of a Finger"},"content":{"rendered":"\n

Almost everyone in the modern world is using smart gadgets in their everyday life, from smartphones to electric kettles. Nonetheless, the methods to control them remain rather primitive. Leading technology companies are constantly working on creating ecosystems, and easy and convenient ways to manage them. Wearable Devices Ltd. develops a non-invasive neural input interface in the form of a band, which helps to resolve the control and synchronisation of devices. On 8 July, the company is planning to go public by listing on the NASDAQ under the \"WLDS\" ticker symbol.<\/p>\n\n\n\n

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<\/span><\/a>What we know about Wearable Devices<\/span><\/h2>\n\n\n
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Wearable Devices Ltd. is an Israeli company developing a wrist wearable band, which uses subtle finger movements to control digital gadgets. The company is now in transition from R&D to the commercialisation of the technology in its B2B products. The Wearable Devices' solution was first introduced to the market in 2014.<\/p>\n\n\n\n

\"Business<\/a>
Business of Wearable Devices<\/em><\/figcaption><\/figure>\n\n\n\n

Under its development strategy, the issuer works with both B2B and B2C customers. At the moment, Wearable Devices is in the final production stage of its first B2C consumer product, Mudra Band. This device was developed for Apple<\/a> Watch to provide contactless watch management. At the Consumer Electronics Show (CES) 2021, Mudra Band was rewarded for tech innovations and as the best wearable device.<\/p>\n\n\n\n

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Business of Wearable Devices<\/em><\/figcaption><\/figure>\n\n\n\n

Wearable Devices develops gadgets that make the human hand a versatile input interface for contactless interaction with other devices through its proprietary platform, Mudra. As a result, a user can control household electronics, smart watches, smartphones, AR glasses, VR headsets, TVs, drones, etc.<\/p>\n\n\n\n

The company has been selling its solution called Mudra Inspire to B2B customers as the first touchpoint with businesses since 2018, and this helped it to receive revenue at the early stages of development.<\/p>\n\n\n\n

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How to Make a Technical Analysis of Stocks<\/a><\/figcaption><\/figure>\n\n\n\n

As of 30 June 2021, Wearable Devices had raised $7.5 million in investment, mostly from OurCroud.<\/p>\n\n\n\n

<\/span><\/a>The prospects of Wearable Devices’ target market<\/span><\/h2>\n\n\n\n

According to market research by Grand View Research published in 2021, the global market for all types of wearable technologies was estimated at $40.65 billion in 2020. By 2028, it might reach $114.3 billion. Consequently, the CAGR (Compound Annual Growth Rate) could be 13.8% from 2021 to 2028.<\/p>\n\n\n\n

The main catalysts for this growth are the rising popularity in the use of connected devices in the context of the Internet of Things technologies, and improved technological offerings. Below, you can find the chart indicating the historical and projected future market trajectory in the US for the different wearable gadget categories:<\/p>\n\n\n\n

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The target market of Wearable Devices<\/em><\/p>\n\n\n\n

The key competitors of Wearable Devices are:<\/p>\n\n\n\n