Taipei, Thursday, July 31, 2014 03:21 (GMT+8)
mostly cloudy
Taipei
29°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.

Content from this blog post was provided by the Digitimes Research Tracking team, which focuses on shipment data and market trends in the global mobile device supply chain. Digitimes Research provides quarterly tracking services for market sectors such as Global Tablet, China Smartphone, China Smartphone AP, China Touch Panel, Taiwan ICT and Taiwan FPD. Click here for more information about Digitimes Research Tracking services.

Realtime news
  • Digitimes Research: China sees increased smartphone AP shipments in 2Q14

    Bits + chips | 5h 17min ago

  • Taiwan market: FET aims at 95% 4G coverage at end of 2014

    Mobile + telecom | 5h 19min ago

  • ASE posts EPS of NT$0.64 for 2Q14

    Bits + chips | 5h 24min ago

  • China polysilicon maker LDK Solar to resume production

    Before Going to Press | 5h 48min ago

  • Digitimes Research: Taiwan ships 351 million small-to-medium-size panels in 2Q14

    Before Going to Press | 5h 49min ago

  • UMC reports EPS NT$0.28 for 2Q14

    Before Going to Press | 5h 50min ago

  • Digitimes Research: Xiaomi continues to rank as number one smartphone vendor in China in 2Q14

    Before Going to Press | 5h 50min ago

  • InFocus looking to become top-3 smartphone vendor in Taiwan

    Before Going to Press | 6h 40min ago

  • ASE to ramp up SiP packaging revenues in 2014

    Before Going to Press | 6h 45min ago

  • Vendors cutting notebook shipments to Latin America

    Before Going to Press | 6h 47min ago

  • Innolux to decrease reliance on China market

    Before Going to Press | 7h 13min ago

  • Wah Lee 3Q14 revenues to move higher

    Before Going to Press | 7h 14min ago

  • Growth in global panel demand to exceed growth in supply, says AUO

    Before Going to Press | 7h 14min ago

  • Intel to see difficulties shipping 40 million tablet CPUs in 2014

    Before Going to Press | 7h 15min ago

  • AUO expects 3Q14 small- to medium-size panel shipments to rise 5-8% sequentially

    Before Going to Press | 7h 16min ago

  • MediaTek 3Q14 revenues to grow 6-11% on quarter

    Before Going to Press | 7h 17min ago

  • Taiwan market: Everlight Electronics expected to ship 2.6 million LED light bulbs in 2014

    Before Going to Press | 7h 18min ago

  • AUO 2Q14 net profit hits 4-year high

    Before Going to Press | 7h 19min ago

  • China market: LCD TV sales in 1H14 down on year, says China Market Monitor

    Before Going to Press | 7h 20min ago

Pause
 | 
View more

Analysis of China's revised domestic semiconductor industry goals

RESEARCH EXTRAS | Jul 16, 18:09

Facing a funding shortage for local IC manufacturers, the China State Council in June 2014 published guidelines to strengthen government support for China's semiconductor industry, while stating the short-, mid-, and long-term goals for the related industry supply...

The transition to 4k TV - UHD TV market forecast, 2014-2017

RESEARCH EXTRAS | Jun 26, 13:59

Ultra HD TV vendors are facing challenges due to an overall slowdown in the TV industry and are concerned whether relative supply chains can provide compatible Ultra HD content and services. However, trends show that content makers as well as panel and chip makers...

Taiwan handsets – 2Q 2014

TAIWAN ICT | Jul 30, 09:17

HTC's launch of its new smartphone models shot up both its own shipments and the overall shipments from Taiwan's handset sector in the second quarter. Although own-brand shipments were strong, ODM shipments were sluggish.

Taiwan digital cameras – 2Q 2014

TAIWAN ICT | Jul 30, 09:15

Taiwan makers saw a rare rise in their DSC shipments in the second quarter of 2014, thanks to strong orders from clients who were launching new models for the spring season. While their shipments stand little chance of returning to levels seen in the pre-smartphone...

Taiwan notebooks – 2Q 2014

TAIWAN ICT | Jul 23, 12:53

Taiwan's notebook makers saw an unexpected sequential rise in shipments in the second quarter after the end of Microsoft's support for Windows XP generated a wave of replacement demand. Compared to the same period of last year, their shipments still dropped....

MSI Global N750Ti TF 2GD5/OC
2014 global notebook demand forecast
  • 2014 global high brightness LED market, trends and shipment forecast

    For the global LED lighting market, the market size will reach US$25.82 billion in 2014 or a market penetration rate of 23.4%. This is attributable to exponential shipment growth for light bulbs, tubes, and directional lamps.

  • Greater China touch panel shipment forecast through 2015

    This Special Report provides forecasts through 2015 for Greater China touch panel shipments with breakdowns based on technology (glass, film, resistive), application (smartphone, NB and tablet) and by firm.

  • 2014 global tablet demand forecast

    This report analyzes the main players, their strategies and shipments forecasts for 2014, as well as other factors contributing to either growth or decline in various segments within the tablet market, with a particular focus on Apple, Google, Samsung, and Microsoft, along with whitebox vendors.