Wearable semiconductor market of $9B by 2019 with 30% CAGR
Market researcher Information Network has estimated the wearable semiconductor market to reach US$ 9 Billion by 2019 with compound annual growth rate of 30% from 2015 to 2019.
WiFi, Bluetooth, and NFC semiconductor ICs will lead the market in 2019, followed closely by CPU devices, which together make up more than 50% of the market, according to information network.
Healthcaring wearable devices set to account for 50% of the 9 Billion market, whereas semiconductors for e-eyewear such a small glasses will account for 25% of the wearable semiconductor market. The rest of the wearable semiconductor market is in Smart watches, wearable cameras, sports/activity trackers, smart clothing, and 3D motion trackers, as per Information Network.
3D wearable trackers are expected to grow fastest at a CAGR of more than 60%, finds Information Network.
“We expect that the market for 3D wearable trackers will be primarily used for the elderly, replacing the current technology made popular by the commercial ‘I’ve fallen and I can’t get up’,” noted Kristian Castellano, an analyst with The Information Network. “ Fourteen million 3D wearable trackers will be sold in 2019, representing less than 4% of wearable unit shipments, which will be dominated by healthcare devices.”