The smartwatch chips market is rapidly growing, projected to reach $3.69 billion by 2032.
From GlobeNewswire: 2025-01-16 08:00:00
The smartwatch chips market is thriving, valued at $1.50 billion in 2023 and projected to reach $3.69 billion by 2032 with a CAGR of 10.54%. Wearable tech adoption drives growth, with smartwatches offering advanced features like health monitoring and mobile payments. North America leads in ownership at 23%, driven by Apple’s loyalty.
Advancements in smartwatch chips drive performance and battery life, with modern models lasting up to 14 days. Qualcomm’s Snapdragon Wear 4100+ chip offers enhanced performance while balancing power consumption. Features like GPS, Bluetooth, and heart rate monitoring optimize power usage.
The market is dominated by 64-bit and iOS systems, with the 64-bit segment leading at 55% in 2023. The 32-bit segment is expected to see significant growth from 2024 to 2032. iOS smartwatches hold over 60% market share, driven by seamless integration with iPhones. Android smartwatches are the fastest-growing segment.
North America leads the smartwatch chips market, driven by advanced technology and consumer interest. Asia-Pacific is the fastest-growing region, fueled by rising smartphone adoption and a growing middle class with disposable income. Companies like Samsung and Huawei invest heavily in the region, offering feature-rich smartwatches.
Recent developments include Qualcomm’s plans for a new Snapdragon Wear chip in 2025 and reports of the Apple Watch Series 10 featuring larger displays and new chips. Some health monitoring upgrades for the Apple Watch Series 10 may be delayed due to development challenges. The Smartwatch Chips Market report provides insights on production capacity, sales channels, consumer adoption rates, ASP, and supply chain metrics. The report also includes competitive landscape analysis, market segmentation by type and application, regional analysis, company profiles, and use cases. Access the complete report for growth outlook until 2032.
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