The Internet of Things (IOT) Chip Market is expected to grow from USD 11,980.8 million in 2020 to USD 27.627.9 million by 2026 at a CAGR of 14.98% from 2020 to 2026.
The IoT Chip is the equipped device consists of hardware and software component which is used in the gathering and transferring the data. It includes number of various processors, IP interfaces, sensors, ASICS in the cloud for packaging and others. The IoT chipsets are designed to cater the particular purpose of application. These chips are applicable in smartphones, laptops, wearable technology, automotive and transportation, medical devices to gain better output, and therefore enhance performance. The primary factors boosting the growth of the IoT chip market are increase in the number of networking protocols and growing requirement for SoC-type architecture and application-specific MCUs. Traditional microcontrollers are general-purpose devices which can take handle a wide range of control tasks. In addition to this, these allow a large number of IoT-integrated applications to function. IoT chips help in enhancing the connectivity capabilities in a number of applications and devices. IoT chipsets includes connectivity ICs in applications, such as Bluetooth, near-field communication (NFC) and global navigation satellite system (GNSS), are projected to be installed in smartphones and other consumer electronics to reinforce communication protocols. This is anticipated to further propel the growth of the IoT chip market. Moreover, the key players in the IoT chip market are highly investing in research and development, which is further estimated to foster the growth of the market during the forecast period. Technological advancements in IoT likely to create the demand for better wireless connectivity solutions for supporting new applications in the automotive and transportation sector, as well as intelligent transportation systems (ITSs) and connected cars. This is projected to result in increased demand for connectivity ICs around the world. Moreover, the integration of digital technologies such as Artificial Intelligence (AI) and blockchain which rely on an immense amount of digital data is projected to further drive the IoT chip market demand. The penetration rate of IoT chips is projected to simultaneously rise with surging demand for digital data, as they are deployed for converting and processing physical parameters into digital signals. Apart from this, the issues associated to security and privacy of user data are likely to impede the market growth.
Furthermore, the increasing demand for automation and the rising application of IoT devices among various end-user verticals, such as consumer electronics, healthcare, industrial, BFSI, automotive, and retail, are further driving the adoption of IoT devices which propels the market growth.
The global Internet of Things (IOT) Chip Market is segregated on the basis of Hardware as Processor, Sensor, Memory Device, Logic Device and Others. Based on End Use the global Internet of Things (IOT) Chip Market is segmented in Industrial, Banking Financial Services and Insurance, Consumer Electronics, Healthcare and Others.
The global Internet of Things (IOT) Chip Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Internet of Things (IOT) Chip Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Intel, NVIDIA, Qualcomm, Samsung Electronics, HiSilicon, Microchip Technology and others are among the major players in the global Internet of Things (IOT) Chip Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Internet of Things (IOT) Chip Market has
been segmented as below: Internet
of Things (IOT) Chip Market, By Hardware Internet
of Things (IOT) Chip Market, By End Use Internet
of Things (IOT) Chip Market, By Region Internet
of Things (IOT) Chip Market, By Company The
report covers the below scope: The
years considered for the study are as follows: Report
Scope: The global Internet of Things (IOT) Chip Market
report scope includes detailed study covering underlying factors influencing
the industry trends. The report covers analysis on regional and country level
market dynamics. The scope also covers competitive overview providing company
market shares along with company profiles for major revenue contributing
companies. The report scope includes detailed competitive outlook covering
market shares and profiles key participants in the global Internet of Things
(IOT) Chip Market share. Major industry players with significant revenue share
include Intel, NVIDIA, Qualcomm, Samsung Electronics, HiSilicon,
Microchip Technology and others. Why to
Buy this Report: Target
Audience: Free
and Paid Customization based on the requirement
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Internet of Things (IOT) Chip Market, By Hardware
5.1. Key Points
5.2. Processor
5.3. Sensor
5.4. Memory Device
5.5. Logic Device
5.6. Others
6. Internet of Things (IOT) Chip Market, By End Use
6.1. Key Points
6.2. Industrial
6.3. Banking Financial Services and Insurance
6.4. Consumer Electronics
6.5. Healthcare
6.6. Others
7. Competitive Landscape
7.1. Introduction
7.2. Start-up companies- Internet of Things (IOT) Chip Market
7.3. Recent Developments
7.3.1. Mergers & Acquisitions
7.3.2. New Product Developments
7.3.3. Portfolio/Production Capacity Expansions
7.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
7.3.5. Others
8. Company Profile
8.1. Intel
8.2. NVIDIA
8.3. Qualcomm
8.4. Samsung Electronics
8.5. HiSilicon
8.6. Microchip Technology
8.7. Texas Instruments
8.8. Advanced Micro Devices
8.9. NXP Semiconductors
8.10. Mediatek
8.11. Infineon Technologies
8.12. STMicroelectronics
8.13. Marvell Technology
Internet of Things (IOT) Chip Market, By Hardware
Internet of Things (IOT) Chip Market, By End Use
Internet of Things (IOT) Chip Market, By Company