August 5, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Significantly growing investments in wearables segment: Qualcomm

Mobile chipset company Qualcomm is significantly growing its investments in silicon, platforms, and technologies and plans to roll out new Snapdragon Wear platforms for wearables over the next year, according to a senior company executive. The company has also announced its new Wearables Ecosystem Accelerator Program (WEAP), and said more than 60 wearable industry leaders such as Arm, BBK, Fossil, Oppo, Verizon, Vodafone, and Zebra will participate in the program.

Qualcomm’s Snapdragon Wear platforms are driving the industry, powering smartwatches for kids, seniors, and adults and smart trackers for pets and accessories, Qualcomm Technologies Senior Director and Global Head (smart wearables) Pankaj Kedia said in a statement.

“We are significantly growing our investments in leading edge ground-up silicon, platforms, and technologies and plan to roll out new Snapdragon Wear platforms across segments over the next year to meet our long-term vision,” he added.

Over the last five years, the company has shipped more than 40 million units globally, collaborated with over 75 device manufacturers and more than 25 service providers.

Qualcomm is continuing to invest in new Snapdragon Wear platforms to meet the diverse needs of customers across a multitude of OS’ with its unique hybrid architectural approach, range of software releases, and reference designs.

“We envision a hyper segmented world of wearables. We believe Qualcomm Technologies has an important role to play to accelerate this reality by bringing together our platforms and investments to the ecosystem,” Kedia said.

According to research firm IDC, the wearables market grew 21 per cent year-over-year and shows no signs of slowing down.

The smartwatch segment is going well beyond health and fitness tracking, expanding across consumer and enterprise segments, and further fuelling growth of the category, as per IDC.

Qualcomm’s WEAP comprises of device manufacturers (ODMs), service providers, platform players, independent hardware and software vendors (IHVs and ISVs), and system integrators.

The program brings together industry leaders to discuss industry trends, share new technology and product direction, hold training sessions, demonstrate concepts, launch products, and facilitate matchmaking sessions amongst the ecosystem players, a statement said on Wednesday.

The collective goal of the members is to accelerate the wearables segment by delivering differentiated experiences at lower development cost and faster production time, it added.

“Qualcomm Technologies is actively collaborating with its customers and partners with the aim of meeting the ever-changing needs of the consumers… Our goal is to provide a vehicle in the industry where ecosystem members collaborate to deliver differentiated wearable experiences and inject new energy and innovation in this exciting space,” Kedia said.

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