Impact of Key Factors on the Growth of Global Low-Power Wearable Chips Market During 2017 - 2025
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The advance technology and computer sciences rapidly involving to maintain higher levels of connectivity and process larger data sets. At same time advances in miniaturization allows for increasing the accessibility and mobility. Low-Power Wearable Chips work as a natural union between miniaturization and connectivity. Low-power wearable chips are collections of computing devices worn on and wearable devices. These are integrated into the body area network (BAN) wearable, such devices are placed in the surface mounted or human body on the human body in particular place.
The use of portable body area network (BAN) wearable devices is booming. BAN wearable includes, computing devices such as gaming headsets, wristbands, Google Glass, smart rings, heads-up displays and smart watches. However, such devices are seen inefficient to provide extended battery life with traditional wearable semiconductor, chips. Low-power wearable chips are solutions to overcome this problem. As this wireless technology devices bring more flexibility and mobility in the work process. These advantages which makes the wireless network technology device more popular all around the world. There are mainly three transmission techniques which are used in low-power wearable implementations: electromagnetic communication (radio-wave), electric-field communication and electric-current communication.
The low-power wearable chips market is reshaping the whole wireless network technology market in terms of wearable device technology. The major factor which is driving the low-power wearable chips market, is the simplified, energy efficient and precise connectivity to online applications, and new wireless protocol standardization. Furthermore, need of enhancing healthy living standards, by continuous health monitoring using miniature low power consuming and efficient wearable electronics driving the global low-power wearable chips market. Other than healthcare, low-power wearable chips have huge opportunity into Non-Medical applications, which significantly includes automotive and agriculture end-use verticals among others. Automotive industry is subsequently driving the low-power wearable chips market over the past few years. Gradually, the acceptance of wireless devices and interest toward this technology is growing which is becoming trend now a days. However, Sensor validation and Data consistency are act as a restrained for the low-power wearable chips market and affecting the growth of the market.
The low-power wearable chips market can be segmented by technology, applications, components, and geography. Based on technology, the market for low-power wearable chips has been segmented into WI-Fi, USB, 3G/LTE, and Bluetooth Low Energy (BLE) technologies among others. By applications, the market has been segmented into following medical applications and non-medical applications. On the bases of medical application the market is further segmented into remote healthcare monitoring, assisted living and telemedicine, the non-medical application is segmented into life style and, military, agriculture, automotive and sports among others.
Geographically low-power wearable chips market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. North America region is expected to experience high growth of low-power wearable chips, the region is led by the U.S as shows the high adoption rate in wireless communications technology and followed by South America and Asia Pacific, due to increasing penetration of IoT and booming wireless industry is also anticipated to support high growth rate the market during the forecasted period. Furthermore, into the low-power wearable chips market Middle East and Africa and South America would expected to show significant compound annual growth during the forecast period.
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Some of the significant players in the global low-power wearable chips market includes SASKEN, Intel Corporation, QUALCOMM, ST Microelectronics, MC10, NXP Semiconductors, Infineon Technologies AG, Ineda Systems, u-blox, and XLP Technologies.
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