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11 Wearables Stats that Will Blow You Away 

By |November 27th, 2016|Market Data, Outside Sources*, Smart Watches, SMARTWATCHES, Statistics & Chartables, Uncategorized|

http://www.fool.com/investing/2016/11/24/11-wearables-stats-that-will-blow-you-away.aspx

Wearable devices are often considered the next major extension of mobile computing. However, many investors might not know much about this market beyond the Apple(NASDAQ:AAPL) Watch or Fitbit‘s (NYSE:FIT) fitness trackers. Therefore, let’s dig deeper into this growing market and discuss 11 fascinating stats about it.

Applewatch

THE APPLE WATCH. IMAGE SOURCE: APPLE.

1. IDC expects worldwide wearable shipments to rise 38% to 110 million this year and exceed 237 million by 2020. The research firm believes that growth will be driven by an expanding lineup of vendors, new form factors like clothing and eyewear, and growing consumer awareness.

2. That market could grow at a CAGR of 17.8% between 2015 and 2020 and be worth $31 billion at the end of that period, according to research firm Markets and Markets. The firm believes that within that, sales in the Americas will rise the fastest, fueled by increasing consumer demand and new medical applications.

3. 71% of 16 to 24 year olds want a wearable device, according to a survey by GlobalWebIndex. This supports the notion that most wearable users are young — a Nielsen survey in 2014 found that 48% of wearable users were between 18 and 34.

4. 69% of men are likely to buy a wearable device, compared to 54% of women, according to the GlobalWebIndex survey. This explains why several wearable leaders like Fitbit have released more fashion-friendly and feminine devices over the past year.

Fitbitalta

THE FITBIT ALTA. IMAGE SOURCE: FITBIT.

5. 29% of wearable buyers earn over $100,000 per year according to Nielsen. That explains why Apple heavily promoted the Apple Watch as a luxury product with high-end price points and positioned it as a fashionable device.

6. The Apple Watch controlled 41.3% of the smartwatch market in the third quarter according to IDC. However, that represents a big decline from its 70.2% share in the third quarter of 2015, and shipments fell 72% year-over-year.

7.Meanwhile, Garmin‘s (NASDAQ:GRMN) smartwatch shipments surged 324% annuallyduring the quarter, boosting its market share to 20.5% and making it the second largest smartwatch maker after Apple. That growth was attributed to the expansion of its ConnectIQ app ecosystem, its focus on health and fitness instead of a wide variety of activities, and its new high-end Fenix Chronos smartwatches.

Image

GARMIN’S FENIX CHRONOS. IMAGE SOURCE: GARMIN.

8. Fitbit remains the market leader in the overall (fitness trackers plus smartwatches) wearables market, with 25.4% market share during the second quarter according to IDC. It’s followed by Xiaomi, Apple, Garmin, and Lifesense — in that order. Fitbit’s shipments rose 29% annually during that quarter, giving it the second best growth rate after Garmin, which reported 107% shipments growth on strong sales of its smartwatches and Vivoactive fitness trackers.

9. Salesforce reports that over 20% of companies are testing out wearable devices in basic uses like security access, employee time management, and real-time employee communication. That bodes well for Fitbit, which already convinced many companies to participate in its corporate wellness programs to reduce health insurance costs.

10. The number one reason for buying a wearable device is health and fitness, according to PwC. This indicates that demand for fitness-oriented devices from Fitbit and Garmin might keep rising, but sales of multi-use smartwatches might wane.

11. 51% of respondents in a Rackspace survey stated that privacy was a major barrier in the adoption of wearable devices. The recent Mirai botnet attack targeting IoT devices and the surge in data breaches also might make consumers think twice before upgrading their watches, glasses, accessories, and clothing to their “smarter” versions.

The key takeaways

The tech industry clearly has high hopes for the wearables market, but it still faces a lot of hurdles ahead. Questions about practicality, privacy, and security will likely throttle market growth, while a flood of cheaper devices could commoditize the market. Nonetheless, investors interested in this market should keep following rising stars like Apple, Fitbit, and Garmin — and see which companies’ strategies attract more consumers in the long r

Augmented Reality Market Size Report, 2024

By |November 27th, 2016|Artificial Intelligence, Charts & Graphs, Market Data, Outside Sources*, REPORTS & ANALYSIS, Sample Reports, Uncategorized, Virtual Reality|

The Augmented Reality (AR) market size was USD 640.2 million in 2015. The increasing scope of applications across different industries, such as medical, retail, and automotive is expected to drive demand over the forecast period. AR technology is in the nascent stage with a huge growth potential, and has attracted large investments contributing to the industry growth.

According to the TechCrunch, “Over USD 1.1 billion has been invested in the last two months in this space. Investors are raising funds for the increasing number of startups”. For example, Magic Leap has received an investment of USD 590 million since 2014 for its head-worn device. Another technological advancement is the smart contact lens, which can automatically remove unsafe optical radiation. The smart contact lens consists of a small display that can project images into the wearer’s eye, an antenna, a camera, and motion sensors.

Recently, in 2016, Samsung has filed a patent for these lenses, which is fitted with a camera and image display in South Korea. Google is also developing glucose-sensing contact lenses that could help in detecting diabetes by continuously monitoring the glucose level. AR offers a large number of technology solutions to the retail industry, which improves interaction between retailers and customers. Emerging trends such as pop-up stores in the retail segment is anticipated to fuel growth. Gesture-based technology is an important part of pop-up stores, along with a camera and iPad catalog, as they aim at encouraging customer participation.

Furthermore, retailers willing to enter the online shopping industry find the lack of interaction with physical products as a barrier to making purchases. AR enables virtual trial rooms, which allow customers to try on products online. For example, De Beers has a tool that allows consumers to virtually try on jewelry. Thus, technological innovations related to high-end products with enhanced features are expected to offer abundant opportunities over the forecast period.

Asia Pacific Augmented Reality Market Revenue by Component, 2014 – 2024 (USD Million)

Component Insights

The AR software segment dominated the market with a revenue share of over 95% in 2014. However, the hardware segment is expected to witness a substantial growth at a CAGR of nearly 90% by 2024.

AR systems have three basic hardware components, sensors, processors, and displays. Innovations in hardware, such as the development of smart contact lens and advanced HMDs equipped with AR processors, are expected to induce substantial growth prospects for hardware equipment over the future.Display InsightsThe smart glass segment is expected to witness a significant growth on account of the increasing demand in the industrial and enterprise sectors. Advancements in smart glasses with more miniaturization, improved battery life, and better field of view may increase the segment demand.Head-mounted displays (HMDs) are expected to dominate the market accounting for over 65% of the overall revenue by 2024.

Several companies in the industry are working on developing HMDs for AR with advanced features. For instance, the modern HMDs are capable of employing sensors of six degrees of freedom that allow free head movement.Furthermore, the rising R&D activities in this segment are expected to gain momentum. For instance, the Korean Advanced Institute of Science and Technology (KAIST) has developed a high-performance HMD, which has an inbuilt augmented reality processor that would propel the demand.

Application Insights

The automotive application segment is expected to grow at a CAGR of nearly 75% from 2016 to 2024, owing to the increasing adoption of AR across the automotive industry. Several automotive companies have started employing AR into their advertising campaigns. For example, in 2008, MINI developed a print advert that uses a webcam and a desktop computer. It provides the viewers with a 3D walk-around of its new car by augmenting the print advert. Moreover, the automotive industry players are developing apps to enhance the driving experience, which is expected to be a high impact rendering driver.The industrial sector contributed around 20% of the revenue share in 2015, which is expected to witness a decent growth at a CAGR of nearly 70% for 2016 to 2024.Increasing scope of applications in complex machinery, maintenance, and assembly, is expected to augment expansion, which will result in achieving tangible profits.

Regional Insights

The Asia-Pacific augmented reality industry accounted for over 19% in 2015, growing at a CAGR of over 80% from 2016 to 2024. China is expected to drive the regional growth with the increasing investments in AR devices and software. The mobile AR market in China is driven by the proliferation of the smartphone industry.

Local vendors such as Renren, Tencent and Baidu have invested in the technology and are expected to launch nume

Source: Augmented Reality (AR) Market Size | Industry Report, 2024

Global Wearables Shipment Forecast, by Device (Business Insider)

By |November 21st, 2016|Forecasts (In-Depth), Market Data, Outside Sources*, Sample Reports, Smart Watches, SMARTWATCHES, Uncategorized|

This research report highlights the key features, forecasts, trends and market dynamics needed to spur adoption of wearable smartwatch devices.

Source: Smartwatch & Wearables Research: Forecasts, trends, market, use cases – Business Insider

Report: Smartwatch Sales not falling — Shipments Increase 60% year-on-year (IDC)

By |November 16th, 2016|Forecasts (In-Depth), Market Data, Outside Sources*, Smart Watches, SMARTWATCHES, Uncategorized|

Are smartwatch sales tanking? Analysts are divided.

 A recent IDC report suggesting that smartwatch shipments plummeted by 50 percent over the past year has been rebuffed by rival analyst firm Canalys this week.


On the back of IDC’s claim that total shipments — the volume of devices sent to retailers to be sold on to consumers — dropped from 5.6 million in Q3 2015 to just 2.7 million in Q3 2016, Canalys argued that they actually rose 60 percent over the same period to reach 6.1 million shipments.

Both firms pegged Apple and the Apple Watch as the top seller — Canalys said 46 percent of shipments, IDC speculated 41 percent — but disagreed on who came next, and with what marketshare. Canalys rounded out its top five with Samsung (18 percent), Fitbit (17 percent), Garmin (three percent) and then Pebble (two percent); IDC went with Garmin (21 percent), Samsung (14 percent), Lenovo and Pebble (three percent each).

screenshot-2016-11-04-13-13-12

IDC used its data to assert that smartwatches “are not for everyone,” but Canalys is holding its judgement for another quarter. That’s because the firm believes that the incoming holiday season and the impact of the second-generation Apple Watch are two major factors that could indicate the current health and immediate future of smartwatches. Both firms agreed that pre-launch leaks of the Apple Watch 2 and the iterative updates made to the iPhone 7 may have impacted interest in and sales of the Apple Watch in the recent Q3 2016 period.

“The iPhone’s slowing momentum has affected consumer interest in Apple’s smart watch and the company needs to improve Watch sales in major markets outside of the US, especially China,” Canalys’ Jason Low said.

Interestingly, Low and colleagues found that China’s smartwatch market grew 42 percent year-on-year despite delays to Google’s Android Wear 2.0 platform and Samsung’s Gear S3, which is still to launch. Lower cost options, including those from Xiaomi partner Huami starting at $120, are seen as important to helping make smartwatches more affordable.

Meanwhile, Canalys reported that basic fitness band shipments grew 18 percent quarter-on-quarter to hit 11.5 million in Q3 2016.

“Together with smart watches, total wearable band shipments reached 17.6 million, signifying healthy year-on-year growth of 31 percent for the overall wearables market,” the firm added.

Wearable Market Value $150 Billion by 2026 (Report)

By |August 11th, 2016|Forecasts (In-Depth), Market Data, REPORTS & ANALYSIS|

In the event that these figures don’t sound insightful to you, and no matter how valid reason you might be carrying around, trust us, all your imaginations and assumptions are eventually going to take a deep breath and relax. While they do so, a research firm IDTechEx recently came up with few facts and numbers in its report that may grab your attention.

It’s quite apparent that wearable tech contributes a noteworthy foothold across consumer electronics segment, especially those products that are supposed to be worn on the person. Researchers said that the market would be worth over $30 Billion by the end of this year and grow further 10% annually to over $40bn by 2018.

“Fuelled by a frenzy of hype, funding, and global interest, wearable technology was catapulted to the top of the agenda for companies spanning the entire value chain and world. This investment manifested in hundreds of new products and extensive tailored R&D investigating relevant technology areas,” researchers noted.

In fact, it just doesn’t end with 2018. The research also states that those figures will keep on climbing high by 23% growth rate to over $100 Billion by 2023. However, those figures will then witness downfall, up to 11% by 2026 – valued at $150 Billion.

“However, the fickle nature of hype is beginning to show, and many companies are now progressing beyond discussing ‘wearable’ to focus on the detailed and varied sub-sectors,” researchers added.

The overall contribution will play a significant role across the industries such as healthcare & medical, fitness & wellness, infotainment, commercial, industrial, military, etc. The contribution of different wearable products will be comprised depending upon the location on the body such as head, ear, eyes, body (torso), arms, wrist, legs & feet, implantable, multi-location / adaptability by user or user case, etc.

Wearable Adoption more than Doubled in 2 Yrs

By |May 13th, 2016|Market Data, REPORTS & ANALYSIS|

The adoption of wearables has skyrocketed, rising from 21 percent of the U.S. population in 2014 to 49 percent in 2016, according to a report by consulting firm PwC.

And parents are significantly more likely to own not just one, but multiple wearable devices, the report said. About 36 percent of respondents own more than one wearable.

PwC’s report, “The Wearable Life: Connected Living in a Wearable World,” is an update to a report the company created in 2014. PwC created the report to better understand the wearable tech landscape and identify trends and opportunities.

The report was based on a survey of 1,000 U.S. consumers responding to an online survey. And it noted that “the 49 percent of respondents who say they own a wearable could be slightly inflated: our definition notwithstanding, many consumers think of their smartphones as wearables.” PwC conducted a similar survey in 2014.

Above: PwC wearable report
Image Credit: PwC

It found that the No. 1 reason people buy these devices is to improve their own health (no duh). The wearables include fitness trackers/bands, smart glasses, smart watches, smart clothing, and other wearable devices. This includes, but is not limited to, products such as Fitbit, Google Glass, GoPro, Apple Watch, and others.

Both men and women like their wearables, however, men are more likely to own smart watches and smart glasses than their female counterparts, PwC said. And, not surprisingly, millennials are far more likely to own wearables than older adults. Adoption of wearables declines with age, the report said.

The report found that consumers aged 35 to 49 are most likely to own smart watches.

Above: PwC wearable report
Image Credit: PwC

[CHART] Observed Values to B2B who Implement a Wearable Device

By |January 16th, 2015|Charts & Graphs, Market Data, Statistics & Chartables|

TEST

Wearable band shipments set to exceed 43.2 million units in 2015 | Canalys

By |January 11th, 2015|Market Data, News, REPORTS & ANALYSIS|

Wearable band shipments set to exceed 43.2 million units in 2015

– Apple Watch to make up the majority of smart band shipments next year

Palo Alto, Shanghai, Singapore and Reading (UK) – Wednesday, 10 September 2014


Wearable band shipments will grow 129% year on year to reach 43.2 million units in 2015, of which 28.2 million will be smart bands and 15.0 million will be basic bands, according to the latest device shipment forecasts by industry analyst firm Canalys. Canalys tracks wearable device shipments and segments the market into smart bands, which are capable of running third-party applications, and basic bands, which are not.

Apple will be the biggest driver behind wearable band shipments in 2015. ‘By creating a new user interface tailored to its tiny display, Apple has a produced a smart watch that mass-market consumers will actually want to wear,’ said Canalys Analyst Daniel Matte. ‘The sleek software, variety of designs and reasonable entry price make for a compelling new product. Apple must still prove, however, that the final product will deliver adequate battery life for consumers.’

Many market observers have questioned why consumers would want a smart band, justifiably demanding compelling use cases. Hoping to address these concerns with its new wearable, Apple has demonstrated a variety of use cases, including health and fitness and personal communication, as well as other areas, such as mapping for walking navigation, workout and activity tracking, and mobile payments. Meanwhile, low-cost Chinese vendors are increasingly playing a role in the market for wearable bands. Xiaomi has attempted to dramatically lower the price of basic bands with its Mi Band. Android Wear is growing a viable ecosystem, though it cannot be used in China. Google must greatly improve its wearable platform over the coming years to better compete with Apple’s new offering. Long-term, wearable bands from all vendors must provide clear value to consumers beyond the existing capabilities of smart phones in order to justify the purchase of an additional device.

‘The basic band vendors, such as Fitbit and Jawbone, will enjoy the advantages of their lower pricing for the immediate future,’ according to Canalys VP and Principal Analyst Chris Jones. ‘Eventually, however, stronger smart band competitors to the Apple Watch will likely emerge and push smart band pricing down, threatening the basic bands. This market will undergo disruption similar to that suffered by feature phones when smart phone prices fell.’

Wearable band shipment data and five-year forecasts are taken from Canalys’ Wearable Technology Analysis service, which provides quarterly market tracking, including country-level estimates. Canalys defines basic wearable bands as devices serving a specific set of purposes that act as accessories to smart devices, are designed to be worn on the body and not carried, and that cannot run third-party computing applications. Smart wearable bands are multi-purpose devices that serve as accessories to smart devices, are designed to be worn on the body and not carried, and are capable of running third-party computing applications. Bands are wearables designed to be wrapped around the body and do not include activity trackers in the form of clips.

About Canalys

Canalys is an independent analyst company that strives to guide clients on the future of the technology industry and to think beyond the business models of the past. We deliver smart market insights to IT, channel and service provider professionals around the world. Our customer-driven analysis and consulting services empower businesses to make informed decisions and generate sales. We stake our reputation on the quality of our data, our innovative use of technology and our high level of customer service.

To view the chart(s) from this press release, and others from Canalys, download the new Insight @Canalys app today from the Apple App Store, the Google Play store or as an HTML 5 web app.

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– See more at: http://www.canalys.com/newsroom/wearable-band-shipments-set-exceed-432-million-units-2015#sthash.i3GUO0Wg.dpuf

Apple Inc. (AAPL) Will Dominate The Smart Watch Market In 2015!

By |January 11th, 2015|Apple, Market Data|

Apple Inc. (NASDAQ:AAPL) stunned the world once again on September 9 by launching its newest product, the Apple Watch.

This is the Cupertino-based giant’s newest addition to its product line-up since 2009, when the first Apple iPad was announced. As expected, the Apple Watch boasted some interesting features such as the digital crown and various health and fitness monitoring capabilities. The arrival of the Apple in the wearable device shipments category has re-ignited the fledgling smart-watch market, where shipments have already risen by 684% in the first half of 2014.

The Apple watch is all set to hit retail stores worldwide starting from 2015, and is already expected to dominate the market.

apple_tim-cook-one-more-thing

Market Research Analyst firm Canalys has predicted that Apple will effectively dominate the smart-watch market in 2015. However, it would be smart bands that would lead the wearable market, atleast for next two years. Shipments of wearable band will grow 129% Y-O-Y, to sell a total of 43.2 million units in 2015.

Of these, 28.2 million sold will be smart-bands, while 15 million units will be basic bands.
Currently, the leaders in this segment are Samsung Electronics Co Ltd. (KRX:005930) , Jawbone and a host of other players  such as Motorola, LG Electronics Inc. (KRX:066570) and Sony Corp (ADR) (NYSE:SNE).

 

Why Would Customers Want  A Smart Band?

The new range of smart-watch devices have been greeted with much skepticism by consumers. Several vendors have offered no solid reason why a customer would ever need one.   Although wearable technology such as Google Glass, fitness bands, and health monitors already exist,  these are still early days for wearable technology as no one has figured out what they are truly meant for.

worldwide smart band shipments forecasts 2014 2015

Sensing the mood, Apple has tried to spark interest through health, fitness, navigation applications as well as workout, activity tracking and mobile payments. But the company is intelligently trying to satisfy two markets by loading features of a smart band and smart watch in one device, Apple Watch.

The other players in the market, meanwhile, such as Xiaomi have already unleashed a price war by launching basic bands such as the Mi band at a jaw dropping price of US $13.
Google too, has pitched Android Wear as a practical ecosystem to compete with Apple Watch.

The long term vision of all these device makers will be to extend the capabilities of smartphones, and offer clear value to customers who will be looking to prove the purchase of yet another connected product.

Apple Smart-Watch Expected To Dominate Market Next Year

Apple’s arrival in this field is extremely significant for good reasons. After pioneering the MP3 player, smartphone and tablet devices, there is immense pressure on the company to repeat the same with smart-watches. With a high price tag of US$349, the device will appeal to initial consumers with plenty of disposable income. Just as with smartphones and tablets, this will create an opening where cheaper and better products will soon enter the market, thus turning smart-watches into everyday mainstream products. Canalys analyst Daniel Matte explained the reason why is Apple’s smart-watch the clear winner among all other brands.

        ‘By creating a new user interface tailored to its tiny display, Apple has a produced a smart watch that mass-market consumers will actually want to wear. The sleek software, variety of designs and reasonable entry price make for a compelling new product.

Apple must still prove, however, that the product will deliver adequate battery life for consumers.”

Disruptions Will Affect Apple’s Performance Quickly

Apple may have the upper hand initially, but just as with smartphones and tablets the market is prone to several disruptions. As Apple is trying to satisfy two different breeds of hand-wearable device – Smart band and Smart Watch – Fitbit and Jawbone will have the advantage of low-priced products in the near-future, but competition is sure to escalate.

This will in turn push the prices of smart-bands even further down, and match the prices of basic bands.

With the market poised to grow to 373 million units by 2020, this is a segment with enormous opportunity. The current trends bear characteristics similar to the feature phone market, which was several disrupted when smartphones began to appear.

apple-watch

Apple still has plenty of opportunities ahead in the coming months with the release of the iPhone 6, and iPhone 6 plus.  Million of units of both devices are expected to be shipped worldwide and trigger Apple’s biggest iPhone upgrade cycle.

If the iPhone 6 Can Do It – So Can Apple Watch!

If the Apple Watch can match the iPhone’s success, the company will have transformed the world once again.  For now, though, Apple’s Watch has been criticized for being overpriced and under-innovative, but it has undoubtedly re-ignited interest in a device that has long been considered obsolete.However, it would be also interesting to see how Apple could kill two birds with one stone!

 

READ MORE FROM THE ORIGINAL SOURCE AND AUTHORS BY FOLLOWING THE LINK BELOW…


Apple Inc. (AAPL) Will Dominate The Smart Watch Market In 2015!

Flexible Display Growth Expected to Accelerate in 2015 [DisplaySearch blog]

By |December 8th, 2014|Charts & Graphs, Flexible Displays, Market Data, Outside Sources*, Sample Reports, Statistics & Chartables|

Flexible displays cover a wide variety of applications and form factors. Flexibility may refer to all, some, or only one attribute of the display application, manufacturing process, or materials used. We define flexible displays as those not only that can be bent or folded when active, but also those manufactured on flexible substrates and/or using a flexible processes.

Although foldable displays have not yet been commercialized, since late 2013, a variety of displays fabricated on plastic substrates have come to market. These first generation flexible displays offer the benefits of being very thin, light, and rugged. They also enable device design freedom with curved features.

Figure 1: Examples of Commercialized Flexible AMOLEDs

Source: Flexible Displays Technology and Market Forecast Report

As production of cell phones and smart watches that use flexible displays ramps up in 2015, the market is forecast to increase almost 9X over 2014. This nearly exponential advance is being enabled by rapid flexible manufacturing capacity growth as both LG Display and Samsung increase capacity on current lines and Samsung begins production at its new flexible dedicated A3 line.

In the short term, there is some market visibility based on capacity and production plans. However, looking further into the future, long-range forecasting of the flexible display market is highly complicated for multiple reasons. Some of the manufacturing technology required for the rapid growth of flexible displays is either unproven in mass production or has not been developed yet. Demand for flexible displays is highly price elastic. Even if the technology is feasible, it will need to be cost competitive with conventional displays.

In 2016 and beyond, there is little visibility. To provide borders on the range of possible market outcomes, we forecast the flexible display market in three scenarios according to technology developments and generation definitions analyzed in the Flexible Displays Technology and Market Forecast Report. Under the likely demand scenario, flexible display revenue is projected to grow at a compound annual growth rate of 119% from 2013 and exceed $20 billion in 2021.

Figure 2: Flexible Display Market Revenue Forecast

Source: Flexible Displays Technology and Market Forecast Report

Over the forecast range, and particularly beyond 2020, we assume there is more downside risk in the baseline forecast than potential in the upside forecast. The reason for this is the substantial amount of new manufacturing technology that not only needs to be developed, but must also meet cost targets and be ramped to high volume production in order for larger size applications to adopt flexible displays.

Regardless of the remaining challenges and unknowns about how fast and how far the market will grow in the long run, our outlook remains optimistic. From a simple applications perspective, any current rigid FPD could be replaced by thin, light, unbreakable, and even low-cost flexible alternatives. Also, flexibility may create new applications, some of which we may not have even imagined yet. These are the factors that are generating so much intense interest in flexible displays now. In 2015, flexible display commercialization is expected to accelerate. In the long-run, flexibility offers the pro

Posted by Charles Annis in DisplaySearch, Equipment, Small and Medium Displays on December 1, 2014  |  0 Comments