Wearable device market potential or bursting smartphone

What are the prospects for the development of wearable devices? The China IC Innovation Summit Forum was held in the Songshan Lake High-tech Industrial Park. Many industry elites from China spoke at the roundtable forum on “The Opportunities for Wearable Devices” and predicted that the wearable device will be a gold-rich mine in the future. The scale may be several times or even dozens of times that of a smart phone, and Dongguan with strong manufacturing strength and reasonable property prices may usher in a good opportunity.

Prediction: Wearables will be rich ore

As for the wearable devices that are currently in the limelight, industry elites believe that their product forms are gradually diversifying, mainly including health care, medical care and information entertainment, but there are no fist products.

Wearable device market potential or bursting smartphone

Experts analyzed that although wearable devices have the characteristics of scattered product form and difficult to concentrate shipments, they have market opportunities for local brand manufacturers and white-brand manufacturers. "In a sense, wearable devices are a scaled-down version of smartphones, but they are not disruptive to smartphones." Dr. Xie Zhifeng, CEO of Shanghai Towers Technology, said that the sales scale of wearable devices will be smartphones. Several times or even dozens of times, but there is an urgent need to solve the biggest obstacle of short battery power consumption, "price is not too big a problem."

Liang Bin, director of project management for mobile electronic chip platform, believes that foreign countries have an independent ecosystem to promote wearable devices, and they are also ahead of the definition of product form. The prominent direction is to integrate personal health, but overall The price of the product is high. “Domestic companies have unique advantages in cost optimization, and opportunities in this area are also great.”

Analysis: Dongguan has an advantage

In the forum of the day, Dongguan City Government Consultant Song Tao introduced that the Pearl River Delta, as China's electronic information gathering place, is the distribution center of 90% of the country's imported IC products, and accounts for 60% of the country's IC product consumption. Songshan Lake currently has 20 IC design and service companies such as Hetai Semiconductor and Jinghong Semiconductor. Last year, the annual IC production value of the park's IC industry has reached 135 million yuan. Therefore, Songshan Lake and Dongguan have developed IC design industry with huge market potential. Liang Bin and other industry elites believe that Dongguan's upstream and downstream industry chain is perfect and its manufacturing strength is strong. “Compared with Beishang Guangshen, reasonable low housing prices are attractive to young people in the R&D group of wearable devices.” How to grasp the market opportunities of wearable devices, Xie Zhifeng stressed that "you need to do a good job before you wait for opportunities", otherwise you may miss the opportunity.

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