According to the latest report from The Information Network, the semiconductor content within wearable devices will enable a market worth $9 billion by 2019. The market research firm also stated that high-end connectivity devices for WiFi, Bluetooth and NFC will drive the market and together with software programmable chips will make up more than 50 per cent of the market.

The market will exhibit a compound annual growth rate (CAGR) of 30 per cent between 2015 and 2019, which would see chip market values of about $3.2 billion in 2015, followed by $4.1 billion, $5.3 billion and $6.9 billion in 2016, 2017 and 2018, respectively.

Chips in wearable healthcare devices will account for nearly 50 per cent of the $9 billion market and chips for smart glasses will account for nearly 25 per cent, The Information Network indicated. The remainder of the wearable chip market will supply, in order of decreasing content value, smart watches, wearable cameras, sports/activity trackers, smart clothing and 3D motion trackers.

"We expect that the market for 3D wearable trackers will be primarily used for the elderly," said Kristian Castellano, an analyst with The Information Network. "Fourteen million 3D wearable trackers will be sold in 2019, representing less than four per cent of wearable unit shipments, which will be dominated by healthcare devices."

By: DocMemory
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