Global Processors for IoT and Wearables Market Overview:
The expansion of the processors for the IoT and wearables market is fueled by the increased use of IoT devices and the demand for a connected ecosystem. In addition, the industry is being fueled by the emergence of mobile payment technologies and technological innovations connected to wearable devices. Increased privacy and data security issues, on the other hand, are limiting market expansion. Furthermore, the market's growth is hampered by connected devices' high power consumption. The development of LTE and 64-bit application processors is likely to open up new industry prospects.
Growth Drivers
- Increasing Use of the IoT Devices
- Rising Demand for Connected Ecosystem
Roadblocks
- Privacy and Data Security Threats
Opportunities
- Surging Development of LTE Application Processors
- Growth in Demand from Development Countries
Challenges
- Connected Devises Consumer High Power
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are MediaTek (Taiwan), NXP (Netherlands), Realtek (Taiwan), Broadcom (United States), STMicroelectronics (Switzerland), Intel (United States), Texas Instruments (United States), Atmel (United States), Toshiba (Japan), Cypress Semiconductor (United States) and Marvell (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Processors for IoT and Wearables market by 2026.
On Aug. 10, 2021, Samsung Electronics Co., Ltd., announced its new wearable processor, the Exynos W920. The new processor integrates an LTE modem and is the first in the industry to be built with an advanced 5-nanometer (nm) extreme ultra-violet (EUV) process node, offering powerful yet efficient performance demanded by next-generation wearable devices.
What Can be Explored with the Processors for IoT and Wearables Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Processors for IoT and Wearables Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Processors for IoT and Wearables
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Processors for IoT and Wearables market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Processors for IoT and Wearables market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Processors for IoT and Wearables Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.