The charmed life(cycle) of wearable technology will expand the market for both hardware and software IP.
The market for wearable devices – a big part of the Internet of Things (IoT) movement – will be huge, anywhere from hundreds of millions to billions of device by 2018. What makes this market so large?
The analysts at IHS define wearable tech as being both wearable and smart (wireless connectivity and independent processing capability). Wearables is a growth industry in part because it will drive other industries, such as batteries ($70million) and sensor hubs (1.3Billion shipments) over the next four years. And that doesn’t including the lighting and display part of many but not all wearable devices.
Read the complete post on the ChipEstimate.com IP-Insider blog.