According to a new report from Lux Research, organizations have filed 41,301 patents related to electronic wearable devices since 2010. And the number of wearables patents has been growing at a 40 percent compound annual growth rate (CAGR).
Samsung holds the most wearables patents of any companies and accounts for about 4 percent of the total. Apple ranked third.
The report authors noted, “Currently the majority of the wearable electronics market is still driven by activity trackers. As activity tracking becomes a standard function or component of wearable devices, expect major growth to come from other form factors like smartwatches and smart garments.”