Europe Smartwatch Chips Market Size, Share & Industry Trends Analysis Report By Application (iOS System, Android System, and Others), By Type (64-bit, 32-bit, and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Smartwatch Chips Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Today, there are even specific smartwatches made only for kids. These versions, for instance, offer a location and an SOS feature, dramatically improving kid safety. In addition, a smartwatch is significantly less likely to be misplaced than a mobile phone. Technology advancement and digitalization have changed the healthcare industry. The vast range of ailments, including heart disease, cardiovascular disease, and others, are monitored by a multitude of wearables.
The diagnosis, monitoring, and treatment of respiratory disorders have drawn much interest to smartwatches. For example, heart scan equipment is employed to monitor and diagnose various cardiac conditions and their consequences. The prevalence of heart disorders, growing healthcare costs, and an increase in elderly people are the main factors driving the worldwide market for smartwatches. Due to this, more smartwatch chips are required.
In 2018, 63% of people in England were overweight or obese. Both among men and women, the percentage of individuals who are overweight or obese rises with age. Carrying additional weight has detrimental effects on one's health, including type 2 diabetes, musculoskeletal conditions like osteoarthritis, several malignancies, and cardiovascular disease (primarily heart disease and stroke) (endometrial, breast, and colon). Cardiovascular illnesses majorly contribute to sickness, mortality, and health disparities. In England, where almost 7 million individuals have CVD, it is the leading cause of mortality for more than a quarter of all fatalities. Heart attacks and strokes may be greatly avoided by implementing population-level policies and encouraging individual habit modification. This would help the market for smartwatch chips flourish.
The Germany market dominated the Europe Smartwatch Chips Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $145.4 million by 2028. The UK market is anticipated to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.6% during (2022 - 2028).
Based on Application, the market is segmented into iOS System, Android System, and Others. Based on Type, the market is segmented into 64-bit, 32-bit, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smartwatch Chips Market will Hit $2.3 Billion by 2028, at a CAGR of 9.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Analog Devices, Inc., Arm Limited (Softbank Group Corp.), Microchip Technology, Inc., Broadcom, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Ingenic Semiconductor Co., Ltd., Intel Corporation, Silicon Laboratories, Inc., QUALCOMM Incorporated (Qualcomm Technologies, Inc.), and Nordic Semiconductor ASA.
Scope of the Study
Market Segments Covered in the Report:
- iOS System
- Android System
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Analog Devices, Inc.
- Arm Limited (Softbank Group Corp.)
- Microchip Technology, Inc.
- Broadcom, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Ingenic Semiconductor Co., Ltd.
- Intel Corporation
- Silicon Laboratories, Inc.
- QUALCOMM Incorporated (Qualcomm Technologies, Inc.)
- Nordic Semiconductor ASA
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