WEARABLES

Wearable technology has emerged as the omnipresent technology of the twentieth century. The worldwide demand for wearable technology exceeded USD 32.63 billion in 2019 and the industry is projected to expand at a CAGR OF 15.9% from 2020 to 2027.

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With the advent of IoT technology, a significant amount of power can be stored in small devices such that wearables are not left limited to eyeglasses, hearing aids, wristwatches, and pacemakers alone. The ecosystem of this industry includes product manufacturers, research and development associations, component manufacturers and suppliers, software solution providers, and end-users.

 

Given the developments and the converging of information and communication technologies gives rise to new risks and opportunities for intellectual property as well - which is crucial for gaining a competitive edge.