Wearable Processor Market

Wearable Processor Market: Introduction

• Wearable processor is a is a computing chip embedded in a wearable device to sense, process, and communicate the information as output in the form of digits, audio or video, signals, time, etc.
• It offers a wide range of features such as high performance and robust connectivity that supports 4G LTE Wi-Fi, Bluetooth, Bluetooth Low Energy, and Global Navigation Satellite System (GNSS) location capabilities
• For instance, in August 2021, Samsung introduced the industry’s first 5nm processor (Exynos W920) powering the next generation of wearables. The Exynos W920 offered high performance, efficiency, and LTE connectivity packed in the industry’s smallest form factor.
• These features make the wearable processor highly significant for wearable devices such as fitness tracker, smartwatches, smart headsets, smart glasses, etc., which in turn is expected to contribute to market growth

Rise in Adoption from Consumer Electronics Industry

• Based on the end-use industry, the global wearable processor market can be segmented into consumer electronics, healthcare, media & entertainment and others (automotive, education, etc.) The consumer electronics segment is expected to expand at a rapid pace during the forecast period due to the increasing use of wearable processor as low-power display processor that allows to keep the screen on at all times so that the user can stay abreast of the time, notifications, calls, etc.
• Wearable processor is primarily used in communication devices such as smart glasses, smart headset, smart cameras, smart watch & fitness band, smart shoes, smart apparel, etc. This factor is significantly driving the demand for wearable processor in the consumer electronics segment of the market.
• Rising adoption of wearable processor for medical & diagnostics, such as self-testing kit for blood pressure, diabetes, and oximeter, is further propelling the market

Asia Pacific to Lead Global Wearable Processor Market

• In terms of region, the global wearable processor market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Asia Pacific is expected to hold the largest share of the wearable processor market during the forecast period due to increasing demand from consumer electronics, automotive and healthcare industries
• Wearable processors are widely utilized in electronic devices to deliver low-power, high-impact performance & super-fast performance, extended battery life, always-on experiences, and always-connected usage for a wide range of wearables, including smartwatches, kids’ watches, and smart trackers
• Rising digitalization & urbanization, the proliferation of the internet of things (IoT), running investment in advanced automotive system & 5G networks, innovations in portable electronic devices such as e-readers, smartphones, tablets, and flash drives are other factors propelling the wearable processors market in Asia Pacific
• The wearable processor market in North America and Europe is expected to expand at a considerable pace during the forecast period due to an increase in demand for wearable processor from diverse industries such as automotive and consumer electronics. Moreover, the growth is anticipated to be driven by leading countries such as, U.S., Canada, Germany, France, Spain, and Italy. The wearable processor market in Middle East & Africa and South America is anticipated to expand at a steady pace during the forecast period due to conflicts among Syria and Yemen, anti-coup rally in Sudan, low economic diversification, an imperative need to improve education systems and infrastructure, complex political and governance scenarios and persistently high barriers to the economic and social wellbeing of important sections of society in these regions.

Key Players Operating in Global Wearable Processor Market

Prominent players operating in the global wearable processor market are engaged in developing technologically advanced products to cater to the rising demand for wearable processors. Furthermore, several manufacturers are focusing on strategic mergers and acquisition of local manufacturers and system designers to strengthen their product offerings and expand their geographic reach. Leading players operating in the global wearable processor market include:

• Marvell Technology, Inc.
• MediaTek Inc.
• Murata Manufacturing Co., Ltd.
• NXP Semiconductors
• Qualcomm Technologies, Inc.
• Renesas Electronics Corporation.
• Samsung Electronics Co., Ltd.
• Semiconductor Components Industries, LLC
• Texas Instruments Incorporated
• TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION

Global Wearable Processor Market: Research Scope

Global Wearable Processor Market, by CPU Frequency

• 0-500 MHz
• 500-1000 MHz
• 1-1.5 GHz
• Above 1.5 GHz

Global Wearable Processor Market, by Application

• Smart Glasses
• Smart Headset
• Smart Cameras
• Smart Watch & Fitness Band
• Others (Smart Shoes, Smart Apparel, etc.)

Global Wearable Processor Market, by End-use Industry

• Consumer Electronics
• Healthcare
• Media & Entertainment
• Others (Automotive, Education, etc.)

Global Wearable Processor Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Mexico
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa