Low power and small form factors will be critical to making this market viable, while also allowing it to expand into new areas.
One of the exciting new markets expected to see the biggest growth over the next few years is that of wearable devices. According to market research firm IHS, the worldwide market for wearable technology saw revenues of $8.5 billion in 2012 based on shipments of 96 million devices. The firm predicts future increases to $30 billion and 210 million by 2018. Today it is a largely embryonic market that has undergone significant evolution over the past two years. However, the development of advanced technologies to meet the low-power and small-form-factor requirements, which are absolutely critical in wearables, will enable it to become a significant mainstream market that addresses many new use cases and applications in fitness and infotainment, as well as medical, healthcare, industrial and enterprise applications.
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