Taipei, Tuesday, December 12, 2017 14:46 (GMT+8)
cloudy
Taipei
17°C
Digitimes Research: South Korea aims to acquire 40% share in wearable device market by 2020
Betty Shyu, DIGITIMES Research, Taipei [Wednesday 12 March 2014]

As demand for smartphones and tablets is gradually approaching saturation with related shipment growths slowing down, vendors have been aggressively seeking new growth drivers. Wearable devices are identified as one of the main growth drivers. Among them, smart watches, bracelets and glasses look the most promising.

The South Korea government, seeing strong potentials in the wearable device market, has already come up with a series of strategies for the sector in the run up to 2020. It aims at having the country's wearable device shipments account for 40% of the global volume by 2020.

The South Korea government is encouraging more firms to join the sector, looking to increase the number of its players by 100 by 2020 with wearable devices to account for 50% of the country's total IT production by 2020. The number of wearable device patent applications in South Korea has also been increasing each year.

Digitimes Research identifies battery life and industrial design as presenting some of the biggest R&D challenges for countries or firms that wish to enter the wearable device market. Battery life affects the optimization of hardware intergation, which in turn affects the richness of app contents. Industrial design, on the other hand, is crucial in terms of consumers' willingness to wear the devices.

The development of the wearable device sector is not only about the devices themselves, but also about the upstream supply chain as well as the downstream telecom carriers, apps designers and hardware retailers. For South Korea, its strengths coming from its panel and battery sectors are expected to boost their competitiveness in the wearable device market.

Realtime news
  • Taiwan market: Nexstgo announces Avita brand consumer notebooks

    IT + CE | 22min ago

  • Taiwan IC materials suppliers expect better revenue records in 2018

    Bits + chips | 25min ago

  • Daxin growth driven by new products

    Displays | 32min ago

  • China lighting firm selects Veeco MOCVD tools

    LED | 1h 54min ago

  • Worldwide smart speaker sales expected to reach 30-50 million units in 2018

    Before Going to Press | Dec 11, 22:16

  • Solomon Technology partners with UR for 3D vision technology development

    Before Going to Press | Dec 11, 21:53

Pause
 | 
View more
UMC
China AMOLED panel capacity expansion forecast, 2016-2020
Global notebook shipment forecast, 2017 and beyond
  • China AMOLED panel capacity expansion forecast, 2016-2020

    This Digitimes Research Special Report examines the China AMOLED industry, focusing on the expansion capacity of the makers, the current implementation plans of major smartphone vendors in the market and the technological hurdles faced by the China makers.

  • Taiwan server shipment forecast and industry analysis, 2017

    Digitimes Research estimates that revenues from sales of server motherboards, servers, storage systems and related network system equipment by Taiwan-based vendors reached NT$555.8 billion in 2016 and the amount is estimated to grow 5.9% on year in 2017.

  • Global notebook shipment forecast, 2017 and beyond

    This Digitimes Special Report examines key factors in the notebook industry, including products, vendors and ODMs, that will affect total shipments in 2017 and through 2021.