Innovation Boom Sweeps Smart Wearable Industry, Jelly, Alipay, Multi-Sense, Xiaodu and Others Seek Change 2024

Since the second half of this year, with the smartphone rebound as the wind vane, smart watches, TWS and other mature wearable terminals are expected to return to the normal growth track, and the emerging field of XR and health ring is also sprouting and storing power.

"In the development process of the co-competition and integration of multiple product forms, technological innovation is inevitably the first driving force." This consensus was reached by nearly 1,000 enterprises in the whole industry chain, including the main control chip, battery, display, program integration, AI interaction, and ODM, etc., at the "2023 Tide Wearable Leadership Summit" hosted by the main library of Tide Power on December 20th.

In 1927, the British Wristlet Route Indicator launched the world's first smartwatch with GPS positioning, close to a century ago. However, the pain point of product innovation has existed for a long time, especially in the past three years, although the wearable electronic devices began to rapidly popularize, but the industry as a whole has entered a cycle of synchronous slowdown in technological progress and market growth.

On the scene of this year's Chaodian Wearable Leadership Summit, well-known industry chain partners such as Jieli, Alipay, MultiSense, Xiaodu, etc., focused on wearable intelligence from different dimensions, and they are setting off another round of innovation boom in the industry.

01 Jieli 

In the list of shipments of Bluetooth chips for TWS and smartwatches and other wearable electronics, Jelly is currently at the top of the global list.

JIE focuses on the design, R&D and sales of integrated circuits, and its chip products are mainly applied to Bluetooth audio codec chips, smart watch chips, IoT and general-purpose MCU chips, general-purpose audio chips, Wi-Fi smart toy chips, video platform chips, medical and healthcare chips, smart two-wheeled electric vehicle chips and other IoT intelligent terminal products.

The company's existing product line is very complete, and has been in many areas of low, medium and high-end full coverage. And very importantly, Jelly has served the smart wearable white label market for a long time in the past, and the efficiency requirements of these customers are much higher than those of the branded market, so Jelly has rich enough experience in helping customers reduce costs and increase efficiency.

SmarTone believes that the first half of 2024 will be the starting point for the outbreak of Hybirid ANC, and SmarTone's 701 and 708 chips, both of which have just been released, will be important drivers of growth in this market.

According to the understanding of Chaodian Intelligence, next year Geri will bring innovative breakthroughs in the application of TWS function and the way of smartwatch interconnection.

02 Alipay 

Wouldn't it be a convenient and cool thing if one day Alipay can be used to realize payment function on smart wearable terminals?

As a matter of fact, if smart wearable terminals want to get rid of cell phones and exist independently, the payment function has always been a pain point and a key point. Alipay is currently attacking this application area, and the progress is beyond imagination.

It is reported that Alipay has been cooperating with many manufacturer partners since 2015 to explore how to load a variety of applications on smart wearable devices.

According to Alipay, the typical payment scenarios and application requirements of smart wearable devices are mainly three major aspects: offline payment capability, offline ride-hailing function, and NFC payment capability without camera main scanning.

For different groups of people, so far Alipay has launched a variety of applications, including life, public welfare, parents and children, and the terminal is not only a typical product such as watches and bracelets, but also VR glasses, as well as senior citizen cards, student cards, various types of smart cards and so on. At present, some of these functions have been realized, and some are being promoted on-line.

In the core end of the cloud chain of the payment core integrated solution, Alipay emphasizes the core is the equipment trusted, system security, cloud security three major guarantees, so as to determine to achieve the financial level of application.

03 Multi-sensor 

Multi-sense technology is a professional photoelectric sensor chip design company, multiple product lines, optical tracking, UV, PPG, multi-spectrum sensor chip sensors using original technology route, has been and many cell phone brands, smart wearable industry customers to carry out cooperation.

According to the company founder and CEO Wang Teng introduced, named "multi-sensory" has two meanings: one is the beginning of the venture to the present main products for multi-photovoltaic image sensors; the other point is that we hope to be able to become a service diversified field of customer sensor application manufacturers.

With the core combination of "chip+optical+algorithm", MultiSense's products are based on image sensors, coated by wafer-level pixel-scale coating, plus spectral reconstruction and recognition algorithms.

Wang Teng firmly believes that wearable electronics will become the most important sensor technology platform, and the demand for products will be characterized by miniaturization, low power consumption, high precision and low cost.

In addition to smartwatches, current multi-sensor smart wearable customers also include headphones and smart glasses and other fields, as well as small appliances and other multi-scene occasions.