The semiconductor content within wearable devices will generate a market worth $9 billion in 2019, according to market analysis company, The Information Network (New Tripoli, Pennsylvania).
High-end connectivity devices for Wi-Fi, Bluetooth and NFC will lead the market and together with software programmable chips will make up more than 50 percent of the market.
The market will exhibit a compound annual growth rate (CAGR) of 30 percent between 2015 and 2019, which would see chip market values of approximately $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 percent of the $9 billion market and chips for smartglasses will account for nearly 25 percent, The Information Network asserts. The remainder of the wearable chip market will supply, in order of descreasing 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 4 percent of wearable unit shipments, which will be dominated by healthcare devices.”
