NEW YORK, May 19, 2016 /PRNewswire/ -- Semiconductors in Wearable Devices Market : Wearable Devices Evolve With Semiconductor Technology Advancements
This study discusses the opportunities of semiconductors in wearable devices and their impact on the industry till 2022. It provides the recent trends in the market, with significant proliferation of wearable devices, and the future of the semiconductors market, as well as technological trends. The wearable devices market is likely to record a mass market proliferation in the near future, with increased device functionalities and advancements in semiconductor technology.
Key Findings
- Wearable devices are capable of gathering information about the wearer and the environment, as they are body-worn electronic devices embedded with sensors in the form of everyday gadgets, such as watches, glasses, clothes, and jewels.
• Wearable devices also contain circuitry, wireless connectivity, and communication and processing capabilities.
• The wearable devices market is at an early growth stage, providing to a limited and niche customer base.
• Smart watches, fitness bands, and wearable health-monitoring devices are the dominant, fast-growing markets. With the introduction of Apple's smart watch, it is likely that it will dominate the smart watches market, similar to the company's smartphone and tablet product lines.
• It is estimated that % of the purchase decision for wearable devices is based on the long battery life of the device. This is due to the limited battery capacity available in these devices; thus, to enhance the battery life of the system, power management units become inevitable.
Wearable electronics bring tremendous opportunities for sensor manufacturers, with the increasing functionalities embedded in them. Micro-electro mechanical systems (MEMS)- based combo sensors play a critical role in wearable devices, due to their small sizes and high levels of functionality.
• While smart bands made up the majority of shipments in 2015, smart watches are expected to account for more than % of all wearable shipments by 2020.
• Smart watches is the next big market, which is expected to change the way users interact with others, information, and themselves via data monitoring. This will boost demand and, in turn, heavy competition for the processors going into these wearable devices.
• The memory storage use in these devices is growing exponentially—doubling every 2 years—primarily because of high-end smart watch support color screens that typically run a more intensive operating system (OS), such as Android and iOS.
• Connectivity devices have a greater impact, especially with the growth in smart watches, as most interactions—from social networking to banking—are based online. This requires an effective power management integrated circuit (PMIC), connectivity circuits, and processors to optimize the limited battery power and extend the device operating period.
• Due to scalability limits, wearable device manufacturers are demanding a one-stop semiconductor solution with reduced chip size to match the requirements.
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