Taipei, Tuesday, December 12, 2017 06:54 (GMT+8)
cloudy
Taipei
16°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
  • Pegatron reports decreased revenues for November

    IT + CE | Dec 11, 17:41

  • Lite-On Tech revenues drop on year in November

    IT + CE | Dec 11, 17:41

  • Radiant Opto reports increased revenues for November

    Displays | Dec 11, 17:40

  • D-Link revenues drop on year in November

    Mobile + telecom | Dec 11, 17:40

  • Foxconn Technology revenues surge 140% on year in November

    IT + CE | Dec 11, 17:39

  • Daxin enjoys growing performance in year-to-date results

    Before Going to Press | 8h 28min ago

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

    Before Going to Press | 8h 38min ago

  • Topco sees small on-year growth in November revenues

    Before Going to Press | 8h 38min ago

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

    Before Going to Press | 9h 1min ago

  • Taiwan market: Nexstgo announces Avita Liber series notebook

    Before Going to Press | 9h 17min ago

  • China module suppliers gaining ground in smartphone competition

    Before Going to Press | 9h 17min ago

  • Cooling fan maker Power Logic scheduled for listing on December 28

    Before Going to Press | 9h 18min ago

Pause
 | 
View more

China AMOLED panel capacity expansion forecast, 2016-2020

RESEARCH EXTRAS | Jun 8, 15:37

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 China's makers.

Taiwan server shipment forecast and industry analysis, 2017

TAIWAN MOBILE DEVICE | May 31, 10:20

According to surveys and analyses conducted by Digitimes Research, revenues generated from sales of server motherboards, servers, storage systems and related network system equipment by Taiwan-based vendors rose 4.8% on year to reach NT$555.8 billion (US$18.79...

Taiwan handsets – 3Q 2017

TAIWAN MOBILE DEVICE | Dec 5, 15:21

Shipments of Nokia-branded devices to HMD Global continued to buoy Taiwan's handset shipments in the third quarter of 2017. HMD's manufacturing partner, Foxconn, benefited most.

China smartphone AP shipments – 3Q 2017

CHINA SMARTPHONE AP | Dec 1, 10:43

Vendors moved up smartphone AP shipments ahead of China's National Day Golden Week holiday, buoying third-quarter 2017 shipments to come to 172 million units, up 24.3% on quarter, outperforming market expectation.

China smartphone market and industry – 3Q 2017

CHINA SMARTPHONE | Nov 27, 15:39

China-based smartphone makers shipped a total of 179.2 million phones in the third quarter of 2017, down 0.4% on year and up 20.8% on quarter. The top five vendors in terms of shipment volumes were Huawei, Xiaomi, Oppo, BBK and Lenovo.

Global notebook shipment forecast, 2017 and beyond
Global AP demand forecast, 2017-2020
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.