Understanding the Industry
The smartwatch industry can be broken down into two parts: standalone, and non-standalone. A standalone smartwatch, like the Fyver Watch can be used independently from your smartphone. A non-standalone smartwatch must be tethered to your smartphone via Bluetooth or other connection to be smart. We’ll analyze each in further detail.
1. Non-Standalone Smartwatch
Non-standalone smartwatches are the most popular type amongst manufacturers, due to their low R&D cost. One-size-fits-all operating systems such as Android Wear have allowed this segment to flourish, and consumers are snatching them up. Nevertheless, the greatest problem with this group is that tethering to your smartphone is required in order to make the smartwatch “smart.” Bluetooth, which is usually the primary connection source drains battery, and with the small smartwatch batteries, this can have a drastic effect on its usefulness. Additionally, operating systems like Android Wear have limitations: for a while, the Sony Smartwatch had GPS built in, but Android Wear did not enable it, making it useless at the time. With these problems, it is easy to see why the standalone segment developed.
2. Standalone Smartwatch
Standalone smartwatches are popular amongst tech enthusiasts, yet no mainstream companies have marketed a full standalone solution, with few mainstream users wearing standalone smartwatches. The current watches on the market are bricklike and unattractive, and many have prices similar to regular, non-standalone smartwatches with much better aesthetics. The aesthetics, or lack thereof in standalone smartwatches is causing little growth in this segment. However, the Fyver Watch retains all standalone features, with an impressive round aesthetic, and an affordable price at $139, one of the lowest in the market.
Many consumers feel that smartwatch prices are too expensive. As many mainstream watches from large brands cost over $200 dollars, consumers are turned away, waiting for a cheaper alternative. These expensive mainstream watches combined with their lack of standalone ability make them not so attractive choices. But with ugly standalone smartwatches, they are the only “reasonable” choice for many consumers. Therefore, it seems quite logical that a good wearable choice would be a standalone device with attractive aesthetics, and a low price.
Which one is right for you? Take the quiz below.
Wait! Before you take the quiz, make sure to subscribe to our newsletter! You can get exclusive coupons and offers.
[qzzr quiz=”282465″ width=”100%” height=”auto” redirect=”true” offset=”0″]