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Invensense vs. Himax Technologies: Which is the Better Wearable Tech Play?

Fitness trackers, smartwatches, and virtually reality have dominated the tech headlines as of late, and with the global wearable tech market expected to ship north of 155 million devices by 2019, there's little question why. 

Apple and Fitbit get most of the attention right now, but investors looking for smaller wearable tech plays have plenty of stocks to choose from. 

Invensense (NYSE:INVN) and Himax Technologies (NASDAQ:HIMX) are two stocks making big bets on wearable tech, but I think only one has the potential right now to come out a winner. 

Himax Technologies' pros and cons
Himax isn't a pure wearable tech play, but the company's stock is up over 30% this year on news that some of its technology will be inside of Microsoft's Hololens augmented reality headset. 

The Hololens isn't yet available to the public, but Himax's micro-display technology is likely to hold a spot in the headset, as could the company's wafter level optics (WLO). Himax's WLO's are essentially small camera lenses built on top of semiconductor processors. According to Chardan