The Global Smartwatch Chips Market size is expected to reach $2.3 billion by 2028, rising at a market growth of 9.4% CAGR during the forecast period.
A special kind of microchip made for smartwatches is known as a 'Smartwatch Chip.' They are used to operate and power gadgets. Smartwatch chips are significant because they improve the performance and efficiency of smartwatches. A smartwatch is a wearable computer which takes the dimensions of a watch. Modern smartwatches have a touchscreen interface for everyday usage.
An app on a smartphone is used to operate the device and collect telemetry data for purposes like long-term biomonitoring. While early versions could carry out simple functions like math, digitally telling the time, translating, and playing games, today's smartwatches have more features akin to smartphones, such as mobile applications, a mobile operating system, and WiFi/Bluetooth connection.
With FM radio and Bluetooth headset playback of digital music and video files, several smartwatches double as portable media players. Some variants, called watch phones (or phone watches), incorporate mobile cellular features, including calling. Though internal technology varies, most features an electronic visual display, usually an OLED or LCD with backlighting.
To utilize less electricity, some people use transflective or electronic paper. Typically, a lithium-ion rechargeable battery powers them. Digital cameras, accelerometers, pedometers, thermometers, heart rate monitors, altimeters, compasses, barometers, GPS receivers, miniature speakers, and microSD cards are peripheral devices. Many other types of computers also recognize microSD cards as storage devices.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Arm Limited (Softbank Group Corp.), Microchip Technology, Inc., Broadcom, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Ingenic Semiconductor Co., Ltd., Intel Corporation, Silicon Laboratories, Inc., QUALCOMM Incorporated (Qualcomm Technologies, Inc.), and Nordic Semiconductor ASA.
A special kind of microchip made for smartwatches is known as a 'Smartwatch Chip.' They are used to operate and power gadgets. Smartwatch chips are significant because they improve the performance and efficiency of smartwatches. A smartwatch is a wearable computer which takes the dimensions of a watch. Modern smartwatches have a touchscreen interface for everyday usage.
An app on a smartphone is used to operate the device and collect telemetry data for purposes like long-term biomonitoring. While early versions could carry out simple functions like math, digitally telling the time, translating, and playing games, today's smartwatches have more features akin to smartphones, such as mobile applications, a mobile operating system, and WiFi/Bluetooth connection.
With FM radio and Bluetooth headset playback of digital music and video files, several smartwatches double as portable media players. Some variants, called watch phones (or phone watches), incorporate mobile cellular features, including calling. Though internal technology varies, most features an electronic visual display, usually an OLED or LCD with backlighting.
To utilize less electricity, some people use transflective or electronic paper. Typically, a lithium-ion rechargeable battery powers them. Digital cameras, accelerometers, pedometers, thermometers, heart rate monitors, altimeters, compasses, barometers, GPS receivers, miniature speakers, and microSD cards are peripheral devices. Many other types of computers also recognize microSD cards as storage devices.
COVID-19 Impact Analysis
Businesses that rely heavily on Chinese imports face several obstacles and failures. Due to supply chain delays and decreased production capacity due to enforced lockdowns and other limitations in the impacted countries, the technology sector was the most disrupted globally. Online sellers also needed help to ship their merchandise efficiently. The biggest online businesses needed help to handle this situation. Additionally, the COVID-19 situation has compelled several smart watch manufacturers to cease their production to comply with regulatory regulations. This interruption in corporate activities is negatively impacting the market's revenue flow. All of this significantly negatively impacted the market for smartwatch chips during the early pandemic era.Market Growth Factors
Rise in the popularity of smartwatches among athletes
With the fast rise in internet connection and digitization, there is a rise in the demand for wireless gadgets. Some of the key applications that are crucial components of smart wireless fitness devices and are anticipated to meet the consumers' most important needs include monitoring and measuring physical activity, sensing the surroundings, real-time data collecting, and communication. The wristwatch may be quickly linked to a smartphone through Bluetooth or wireless communication. The athlete or any consumer may arrange their daily chores with this assistance. Therefore, the increase in demand for wireless fitness and sports equipment is a key factor supporting the global market for wristwatch chips.Increasing use of smartwatches for continuous health monitoring
The most valuable component of wearable technology has been health monitoring. It benefits fitness enthusiasts by giving them the required health metrics, but it also benefits patients by giving them information about their illnesses. Fitness tracker shipments have increased due to people becoming increasingly concerned about their health. Every wristwatch has a fitness tracker, which contributes to their growing appeal since they have several options for tracking various health indicators. The usage of smartwatches for health monitoring has increased due to these advantages. The demand for smartwatch processors is expected to increase more in the years to come due to this spike in the use of smartwatches.Market Restraining Factors
The cost of smartwatches is high
A high level of skill and a large initial investment are required due to the precision needed for the design and development and the raw materials. Due to the integration of several devices, including sensors, screens, and other components into tiny, compact device, smartwatches have intricate circuit layouts. The gadget has multiple tiny semiconductor components with a core diameter of 10 micrometers. Design professionals have difficulty linking many components into a single device since control ICs are just a few hundred nanometers in size. During the forecast period, this is expected to restrain the market's growth for smartwatch chips.Type Outlook
Based on type, the smartwatch chips market is divided into 32-bit, 64-bit, and others. In 2021, the 32-bit segment showcased the significant revenue share in the market. The phrase '32-bit' is used in the computer industry to describe a data type that can hold up to 4 GB of data. It plays a significant role in the smartwatch chip market since it stores data on the user and their actions, including heart rate, number of steps done, etc. During the projected period, the category is anticipated to increase at the second-fastest pace.Application Outlook
Based on application, the smartwatch chips market is classified into android system, iOS system, and others. In 2021, the iOS system segment had the highest revenue share in the smartwatch chips market. The increased attachment rate of Apple smartwatches to its base of one billion iPhone users may be blamed for the dominance of the IOS system wristwatch market.Regional Outlook
Based on region, the smartwatch chips market is categorized into North America, Europe, Asia Pacific, and LAMEA. The North America region held the largest revenue share in 2021. The market is anticipated to develop significantly over the next years, retaining its leadership throughout. The semiconductor sector's development and well-known businesses like Microchip Technology Inc., Analog Devices, Inc., Broadcom, etc. are fostering the segment's development.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Arm Limited (Softbank Group Corp.), Microchip Technology, Inc., Broadcom, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Ingenic Semiconductor Co., Ltd., Intel Corporation, Silicon Laboratories, Inc., QUALCOMM Incorporated (Qualcomm Technologies, Inc.), and Nordic Semiconductor ASA.
Scope of the Study
Market Segments Covered in the Report:
By Application
- iOS System
- Android System
- Others
By Type
- 64-bit
- 32-bit
- Others
By Geography
North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Analog Devices, Inc
- Arm Limited (Softbank Group Corp.)
- Microchip Technology, Inc
- Broadcom, Inc
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Ingenic Semiconductor Co., Ltd
- Intel Corporation
- Silicon Laboratories, Inc
- QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
- Nordic Semiconductor ASA
Unique Offerings
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- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Smartwatch Chips Market, by Application
1.4.2 Global Smartwatch Chips Market, by Type
1.4.3 Global Smartwatch Chips Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Smartwatch Chips Market by Application
3.1 Global iOS System Market by Region
3.2 Global Android System Market by Region
3.3 Global Others Market by Region
Chapter 4. Global Smartwatch Chips Market by Type
4.1 Global 64-bit Market by Region
4.2 Global 32-bit Market by Region
4.3 Global Others Market by Region
Chapter 5. Global Smartwatch Chips Market by Region
5.1 North America Smartwatch Chips Market
5.1.1 North America Smartwatch Chips Market by Application
5.1.1.1 North America iOS System Market by Country
5.1.1.2 North America Android System Market by Country
5.1.1.3 North America Others Market by Country
5.1.2 North America Smartwatch Chips Market by Type
5.1.2.1 North America 64-bit Market by Country
5.1.2.2 North America 32-bit Market by Country
5.1.2.3 North America Others Market by Country
5.1.3 North America Smartwatch Chips Market by Country
5.1.3.1 US Smartwatch Chips Market
5.1.3.1.1 US Smartwatch Chips Market by Application
5.1.3.1.2 US Smartwatch Chips Market by Type
5.1.3.2 Canada Smartwatch Chips Market
5.1.3.2.1 Canada Smartwatch Chips Market by Application
5.1.3.2.2 Canada Smartwatch Chips Market by Type
5.1.3.3 Mexico Smartwatch Chips Market
5.1.3.3.1 Mexico Smartwatch Chips Market by Application
5.1.3.3.2 Mexico Smartwatch Chips Market by Type
5.1.3.4 Rest of North America Smartwatch Chips Market
5.1.3.4.1 Rest of North America Smartwatch Chips Market by Application
5.1.3.4.2 Rest of North America Smartwatch Chips Market by Type
5.2 Europe Smartwatch Chips Market
5.2.1 Europe Smartwatch Chips Market by Application
5.2.1.1 Europe iOS System Market by Country
5.2.1.2 Europe Android System Market by Country
5.2.1.3 Europe Others Market by Country
5.2.2 Europe Smartwatch Chips Market by Type
5.2.2.1 Europe 64-bit Market by Country
5.2.2.2 Europe 32-bit Market by Country
5.2.2.3 Europe Others Market by Country
5.2.3 Europe Smartwatch Chips Market by Country
5.2.3.1 Germany Smartwatch Chips Market
5.2.3.1.1 Germany Smartwatch Chips Market by Application
5.2.3.1.2 Germany Smartwatch Chips Market by Type
5.2.3.2 UK Smartwatch Chips Market
5.2.3.2.1 UK Smartwatch Chips Market by Application
5.2.3.2.2 UK Smartwatch Chips Market by Type
5.2.3.3 France Smartwatch Chips Market
5.2.3.3.1 France Smartwatch Chips Market by Application
5.2.3.3.2 France Smartwatch Chips Market by Type
5.2.3.4 Russia Smartwatch Chips Market
5.2.3.4.1 Russia Smartwatch Chips Market by Application
5.2.3.4.2 Russia Smartwatch Chips Market by Type
5.2.3.5 Spain Smartwatch Chips Market
5.2.3.5.1 Spain Smartwatch Chips Market by Application
5.2.3.5.2 Spain Smartwatch Chips Market by Type
5.2.3.6 Italy Smartwatch Chips Market
5.2.3.6.1 Italy Smartwatch Chips Market by Application
5.2.3.6.2 Italy Smartwatch Chips Market by Type
5.2.3.7 Rest of Europe Smartwatch Chips Market
5.2.3.7.1 Rest of Europe Smartwatch Chips Market by Application
5.2.3.7.2 Rest of Europe Smartwatch Chips Market by Type
5.3 Asia Pacific Smartwatch Chips Market
5.3.1 Asia Pacific Smartwatch Chips Market by Application
5.3.1.1 Asia Pacific iOS System Market by Country
5.3.1.2 Asia Pacific Android System Market by Country
5.3.1.3 Asia Pacific Others Market by Country
5.3.2 Asia Pacific Smartwatch Chips Market by Type
5.3.2.1 Asia Pacific 64-bit Market by Country
5.3.2.2 Asia Pacific 32-bit Market by Country
5.3.2.3 Asia Pacific Others Market by Country
5.3.3 Asia Pacific Smartwatch Chips Market by Country
5.3.3.1 China Smartwatch Chips Market
5.3.3.1.1 China Smartwatch Chips Market by Application
5.3.3.1.2 China Smartwatch Chips Market by Type
5.3.3.2 Japan Smartwatch Chips Market
5.3.3.2.1 Japan Smartwatch Chips Market by Application
5.3.3.2.2 Japan Smartwatch Chips Market by Type
5.3.3.3 India Smartwatch Chips Market
5.3.3.3.1 India Smartwatch Chips Market by Application
5.3.3.3.2 India Smartwatch Chips Market by Type
5.3.3.4 South Korea Smartwatch Chips Market
5.3.3.4.1 South Korea Smartwatch Chips Market by Application
5.3.3.4.2 South Korea Smartwatch Chips Market by Type
5.3.3.5 Singapore Smartwatch Chips Market
5.3.3.5.1 Singapore Smartwatch Chips Market by Application
5.3.3.5.2 Singapore Smartwatch Chips Market by Type
5.3.3.6 Malaysia Smartwatch Chips Market
5.3.3.6.1 Malaysia Smartwatch Chips Market by Application
5.3.3.6.2 Malaysia Smartwatch Chips Market by Type
5.3.3.7 Rest of Asia Pacific Smartwatch Chips Market
5.3.3.7.1 Rest of Asia Pacific Smartwatch Chips Market by Application
5.3.3.7.2 Rest of Asia Pacific Smartwatch Chips Market by Type
5.4 LAMEA Smartwatch Chips Market
5.4.1 LAMEA Smartwatch Chips Market by Application
5.4.1.1 LAMEA iOS System Market by Country
5.4.1.2 LAMEA Android System Market by Country
5.4.1.3 LAMEA Others Market by Country
5.4.2 LAMEA Smartwatch Chips Market by Type
5.4.2.1 LAMEA 64-bit Market by Country
5.4.2.2 LAMEA 32-bit Market by Country
5.4.2.3 LAMEA Others Market by Country
5.4.3 LAMEA Smartwatch Chips Market by Country
5.4.3.1 Brazil Smartwatch Chips Market
5.4.3.1.1 Brazil Smartwatch Chips Market by Application
5.4.3.1.2 Brazil Smartwatch Chips Market by Type
5.4.3.2 Argentina Smartwatch Chips Market
5.4.3.2.1 Argentina Smartwatch Chips Market by Application
5.4.3.2.2 Argentina Smartwatch Chips Market by Type
5.4.3.3 UAE Smartwatch Chips Market
5.4.3.3.1 UAE Smartwatch Chips Market by Application
5.4.3.3.2 UAE Smartwatch Chips Market by Type
5.4.3.4 Saudi Arabia Smartwatch Chips Market
5.4.3.4.1 Saudi Arabia Smartwatch Chips Market by Application
5.4.3.4.2 Saudi Arabia Smartwatch Chips Market by Type
5.4.3.5 South Africa Smartwatch Chips Market
5.4.3.5.1 South Africa Smartwatch Chips Market by Application
5.4.3.5.2 South Africa Smartwatch Chips Market by Type
5.4.3.6 Nigeria Smartwatch Chips Market
5.4.3.6.1 Nigeria Smartwatch Chips Market by Application
5.4.3.6.2 Nigeria Smartwatch Chips Market by Type
5.4.3.7 Rest of LAMEA Smartwatch Chips Market
5.4.3.7.1 Rest of LAMEA Smartwatch Chips Market by Application
5.4.3.7.2 Rest of LAMEA Smartwatch Chips Market by Type
Chapter 6. Company Profiles
6.1 Broadcom, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.1.6 SWOT Analysis
6.2 Analog Devices, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Geographical Expansions:
6.2.6 SWOT Analysis
6.3 Intel Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 SWOT Analysis
6.4 Microchip Technology Incorporated
6.4.1 Company overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 Silicon Laboratories, Inc.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional Analysis
6.5.4 Research & Development Expenses
6.6 Nordic Semiconductors ASA
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Research & Development Expense
6.7 Arm Limited (Softbank Group Corp.)
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental & Regional Analysis
6.7.4 Research & Development Expenses
6.8 QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Product Launches and Product Expansions:
6.9 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.10. Ingenic Semiconductor Co., Ltd
6.10.1 Company Overview
Companies Mentioned
- Analog Devices, Inc.
- Arm Limited (Softbank Group Corp.)
- Microchip Technology, Inc.
- Broadcom, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Ingenic Semiconductor Co., Ltd.
- Intel Corporation
- Silicon Laboratories, Inc.
- QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
- Nordic Semiconductor ASA
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 156 |
| Published | January 2023 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 1249.5 Million |
| Forecasted Market Value ( USD | $ 2318.6 Million |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
