2021 TSMA

55 According to the prediction of Gartner in October of 2019, the final consumption expenditure of the global wearable device users in 2020 will reach up to 51.415 billion US dollars. Compared with the figure of 2019, 40.581 billion US dollars, the sales of wearable device increase 27%. Among them, smart watch sells the best in the wearable device market. And also based on the report of Strategy Analytics, the total shipment of smart watch in the 1 st season of 2020 is 13.7 million. Compared with last year’s, 11.4, the sales of smart watch grow at a high rate, which is 20.2%. The report shows that the high sales growth has a very close relationship with the stay- at-home policy during the period of COVID-19 outbreak. People desire to have a smart watch to supervise their health conditions. Table 1. 2018-2021 Estimated Final Consumption Expenditure of the Global Wearable Devices (Unit: Millions USD) Type of Device 2018 2019 2020 2021 Smart Watch 12,412 17,047 22,803 27,388 HeadWear Ear Wear Sports Watch Smart Bracelet Smart Textiles Sum 5,354 6,780 3,647 3,405 848 32,446 7,183 7,885 4,121 3,194 1,151 40,581 10,609 8,716 4,555 3,115 1,746 51,545 15,501 9,927 4,912 3,055 2,202 62,985 Resource: October of 2019, Gartner As the statistics shown in the World Population Prospects 2019, it predicts that the global population will probably grow up to 8.5 billion in the year of 2030. In face of the longer average life expectancy and low birth rate, we see that from 2019 to 2050 the ratio of those who is or above 65 years old will increase from 9% to 16%. The global medical care systems are confronting the sever challenge of aging societies. The American market research company, Grand View Research, publicized in 2018 the long-term care market size is about 415.2 billion US dollars. From 2019 to 2026, the Compound Annual Growth Rate (CAGR) is estimated 7.5%. In order to solve the high cost of medical care, the American government pushed through Affordable Care Act (ACA) also so-