The IoT smartphone chip market is projected to grow at a CAGR of 6.0% from $392.0 Billion to $525.4 Billion from 2020 to 2025. – Markets And Markets
The world is going through a technological revolution in which smartphones become a lifeline for every class of people in society. After years of anticipation and hype, the Internet of Things(IoT) is poised to cross over to different business uses. As per the study by McKinsey, the number of worldwide IoT-enabled devices is expected to reach 43 billion by the end of 2023. Compared to 2018, this number increased by 3x, showing the usage of different IoT technologies by different brands.
Companies like Qualcomm, a profound manufacturer of smartphone chipsets and processors, leverage IoT technologies to fuel smartphones with futuristic solutions. As a result, it is feasible and convenient for smartphone brands like Samsung, Apple, Vivo, and Oppo to advance the process, adding fast-working sensors and streamlining the connectivity ICs.
IoT Chip: Creating Next-Gen Smartphones
IoT chips, called connected devices, use embedded technologies, including sensors and processors, to add smart features. For the smartphone brands which invest millions of dollars in R&D, IoT technologies like machine learning, analytics, conversational artificial intelligence, cloud computing, and quick connectivity give an extra edge in the competitive smartphone industry.
Data-Driven Features
As per the recent data shared by Qualcomm, it leverages IoT technologies to add data-driven features while creating chipsets. On average, smartphone brands develop a new chipset every 4-6 months to improve performance and add more smart features to smartphones. Based on data collection and analysis in real-time, IoT chips in smartphones enable customers to utilise seamless connectivity networks like 5G and use AI and machine-learning features.
Adding Operational Efficiency
With the help of security and edge AI technologies, smartphone brands are adding operational efficiency. Cutting-edge technology ensures billions of interconnected devices’ safety, security, and interoperability. Whether it’s data collection or customised smart features, IoT technologies allow chipset manufacturers to add operational efficiency for their customers.
Resolving Privacy Concerns
Over the years, data privacy has remained a major concern when people select smartphones. A smartphone giant like Apple emphasises privacy and assures customers that their data is encrypted and not shared with third-party apps like Facebook, TikTok, etc. By leveraging advanced IoT security, smartphone brands are adding new layers of security and privacy in the upgraded and new models of smart devices.
Parklio: Reducing Risk With IoT Solutions
One such example of IoT tech-oriented is Parklio, an Android-based intelligent park barrier system developed to control the access of parking spaces. It is an innovative solution widely adopted by smartphone brands and allows customers to reduce the risk through vigorously testing IoT solutions.
It includes an advanced chip that optimises the overall system using IoT technology and cuts costs by 10%. In a recent study published in Harvard Business Review, other solutions like Parklio are adopted by significant smartphone brands and ensure seamless connectivity with their latest chipset. The goal is to improve the customer experience in public places by leveraging IoT solutions.
Progressive Approach To Cloud Computing
In the past few years, smartphone brands shifted towards cloud computing to offer add-ons to the end customers. The recent chipset introduced in the market equipped smartphones with cloud computing that includes the various IoT technologies that create a cloud space for secure storage of personal data.
With modern chipsets, various brands emphasise fast speed and infuse cloud computing to reduce network congestion and optimise particular application performance.
Whether it’s a Redmi or Realme, an IoT-enabled smartphone supports cloud storage whose storage size depends on the type and specification of chip or processor.
New Sensor Tech- Enhance Customer Experience
The advancement in sensor tech allows smartphone brands to improve the customer experience. According to the Gardner Report, “We can expect new innovation in sensor tech in the next 5 years, which also results in price drop in existing sensor tech.”
Today, an advancement in the sensor tech due to the IoT-enabled chipset widely developed by manufacturers like Qualcomm and MediaTek allows companies to introduce various sensors like long-range lidar, barometric pressure sensors, vision AI sensors, and AI-based sensor systems.
Whether it’s a global or Indian smartphone brand, the new sensor tech while developing the chipset gives brands an extra edge. For the customers, these sensors ultimately enhance the experience. IoT technology enables smartphone brands to develop a modern chipset that is customer-centric and provides innovative solutions. With smart sensors, fast performance, cloud computing, and privacy in mind, companies will leverage IoT technology to develop 6G-enabled smartphones.
Satellite internet connectivity is the latest innovative feature which every brand is continuously working on. An IoT changed the way processors developed in the past; it now allows manufacturers to innovate the features that make a real difference in the lives of a customer. It is also interesting to see the chip introduced in upcoming smartphones like the iPhone 15 series, Samsung Galaxy M54, and more.
