Wearable device market poised for ‘big bang’
March 9, 2014 1 Comment
Wearable device market poised for ‘big bang’
Sohn Jae-gwon, Hwang Ji-hye
2014.03.05 17:46:58
Epson Korea, a company well-renowned for color printers and projectors, showcased a smart glasses powered by Android OS at a local movie theater CGV in Cheongdam-dong, Seoul, in the morning of Wednesday. The smart glasses’ display can be put on a head and its wearer can watch a movie while lying down.
Meanwhile, Intel announced it acquired wearable device maker Basis at about $150 million in the US on the same day. Basis, which captures around seven percent of the wearable watch market, has products that can measure the number of steps and monitor sleeping and the number of heartbeats.
Intel, a dominant player in the era of PC, aims to produce ‘Intel Inside’ wearable devices.
Indeed, after Samsung announced its commitment to enter into the wearable device market at the Mobile World Congress (MWC), other global giants scrambled to take steps. Among market entrants are over 10 players including Google, Qualcomm and Huawei aside from Samsung and Intel. Once Apple unveils its latest wearable device in the latter half of this year as expected, this will trigger a ‘big bang’ in the market.
A market research firm Canalys categorized wearable devices as core consumer technology and expected over 17 million units of wearable bands to be unveiled. Another firm IMS Research believed the global wearable market would grow 27 percent per year to $6.7 billion by 2016 from $two billion in 2011.
About bambooinnovator
Bamboo Innovator 
after Samsung announced its commitment to enter into the wearable device market at the Mobile World Congress (MWC), other global giants scrambled to take steps. Among market entrants are over 10 players including Google, Qualcomm and Huawei aside from Samsung and Intel. Once Apple unveils its latest wearable device in the latter half of this year as expected, this will trigger a ‘big bang’ in the market.