Apple’s great at hopping into new markets just as they’re set to explode, and it seems that the upcoming Apple Watch is no different.
Despite mixed reports about consumer interest, research firm IHS thinks demand for sensor-equipped wearable tech devices is going to see a major acceleration starting next year — largely thanks to Cupertino. Just how much of an increase are we talking about? Try 7x the size of the existing market by 2019, according to analysts.
“Similar to the iPhone and iPad, IHS expects the Apple Watch will set a de facto standard for sensor specifications in smartwatches,” says Jeremie Bouchaud, director and senior principal analyst, MEMS & Sensors. “Most other wearable [original equipment manufacturers] will follow Apple’s lead in [incorporating multiple sensors into devices] — or will add even more sensors to differentiate.”