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Benefited from Enhancing Bio-Sensing Technology, the Market in Wearable Device Applications to Reach $422 Million
January 22, 2024 | TrendForceEstimated reading time: 1 minute
In a pivotal ruling, the U.S. Court of Appeals for the Federal Circuit has decided against Apple in its patent dispute with Masimo, mandating a halt in sales of the Series 9 and Ultra 2 in the US due to their blood oxygen features. This decision pushes Apple to potentially remove these features via software updates temporarily. Despite this setback, TrendForce maintains a positive outlook on bio-sensing tech in the wearables market. Substantial growth is predicted, with the market value for bio-sensing in smartwatches and smart bands expected to reach US$422 million by 2028, growing a CAGR of 14.7% from 2023.
Market leaders in wearable devices, such as Apple, Samsung, and Google Fitbit, are actively advancing the bio-sensing sector. TrendForce’s 2024 forecast suggests a focus by Apple and Samsung on improving the precision of bio-sensing features in upcoming smartwatches. They plan to employ photoplethysmograph (PPG) technology for enhanced monitoring of heart rate and blood oxygen levels, furthering capabilities in personal health management.
TrendForce emphasizes two primary strategies among wearable device brands: Expanding bio-sensor features and enhancing their accuracy. This dual approach not only differentiates products but also boosts customer engagement and market growth. Bio-sensing, especially when merged with health management, shows promise for integration into medical, insurance, and automotive systems. As a result, securing comprehensive patents for both the software and hardware aspects of bio-sensing technology has become a critical focus for these companies.
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Quantum Computer Sources Majority of Components from Japanese Makers
12/20/2023 | ACN NewswireThe newly developed superconducting quantum computer uses a 64 qubit chip provided by RIKEN, which leverages the same design as the chip in RIKEN's first superconducting quantum computer, which was unveiled to users in Japan as a cloud service for non-commercial use on March 27, 2023.
DuPont Collaborates with STMicroelectronics to Develop New Smart Wearable Device Concept for Monitoring Biosignals
11/06/2023 | PRNewswireDuPont announced that DuPont Liveo Healthcare Solutions is collaborating with STMicroelectronics, a global leader in semiconductor technology serving customers across the spectrum of electronics applications, to develop a new smart wearable device concept for remote biosignal-monitoring.
Raytheon Intelligence & Space to Deliver Landing System to Japan Maritime Self-Defense Force
02/14/2023 | Raytheon TechnologiesRaytheon Intelligence & Space, a Raytheon Technologies business, was awarded a foreign military sales contract to deliver the Joint Precision Approach and Landing System, or JPALS, to the Japan Maritime Self-Defense Force by the U.S. Navy’s Naval Air Traffic Management Systems Program Office (PMA-213).
First Deep Space Biology Experiment Begins, Follow Along in Real-Time
12/16/2022 | NASANASA’s BioSentinel has carried living organisms farther from Earth than ever before – more than one million miles. Aboard the shoebox-sized CubeSat are microorganisms, in the form of yeast – the very same yeast that makes bread rise and beer brew.