Global IoT Chip Market Forecast to 2030
The Global IoT Chip Market study includes a thorough analysis of market dynamics as well as historical and current data analysis. The report also discusses the key market growth driving and restraining factors that are likely to affect market growth during the forecast period. The Global IoT Chip Market undertakes market scenario research to provide growth projections for the IoT Chip industry from 2022 to 2030. The analysis focuses on potential growth possibilities and difficulties that market leaders may run across during the forecast period. The study places a lot of emphasis on newly emerging business elements, specialised sectors, product launches, and brand promotions that are taking place in the market.
The global Internet of Things (IoT) chip market size reached USD 13.05 Billion in 2021 and is expected to register a revenue CAGR of 14.9% during the forecast period, according to latest analysis by Emergen Research. Growing demand for wearables such as fitness trackers, gaming simulators, smart posture trainers, smart shoes, and Near-Field Communication (NFC) smart rings is driving global IoT chip market revenue growth.
NFC ring embedded with network connectivity, sensors, and software enables individuals to share and exchange data. Features such as automatic running, program lock, business card share, and intelligent door lock are present in NFC rings. Thus, NFC rings eliminate the need for carrying car keys, credit cards, and door keys. One can easily unlock their home’s door with the help of NFC ring if the door has an NFC-enabled lock. In addition, NFC rings supports metro ticketing, which is the next generation of metro fare collection systems and ticketing is more user-friendly, and hassle-free. It saves time of passengers when compared to traditional ticketing systems as it enables passengers to use mobile phones, bank cards, or NFC rings for contactless and cashless payments during traveling.
Fitness trackers are being widely adopted by individuals, which help them monitor their health and fitness. Those trackers are automatic wrist bands that help monitor heart rate, sleep level as well as track calories and activities throughout the day. These IoT wearable devices have significantly improved lifestyle of individuals, leading to increasing adoption. This trend is expected to continue during the forecast period.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the IoT Chip market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Samsung, Intel Corporation, Huawei Technologies Co. Ltd., STMicroelectronics, Microchip Technology Inc., Qualcomm Technologies Inc., NXP Semiconductors, Cypress Semiconductor Corporation, NVIDIA Corporation, and MediaTek Inc
Research Report on the IoT Chip Market Addresses the Following Key Questions:
- Who are the dominant players of the IoT Chip market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the IoT Chip market?
- What are the key growth drivers and restraining factors of the IoT Chip market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the IoT Chip market and its key segments?
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Some Key Highlights From the Report
- Logic device segment accounted for largest revenue share in 2021. Revenue growth of this segment is attributed to increasing use of field-programmable gate arrays in wearable devices as it allows improved prototyping and reprogramming ability for debugging.
- Consumer electronics segment revenue is expected to grow at a rapid rate over the forecast period due to rising demand for IoT-enabled wearables, including smartwatches. In addition, increasing adoption of smart appliances for home automation such as voice assistance, safety security, air water quality monitoring, lighting control, and locks is expected to drive revenue growth of this segment during the forecast period. In addition, IoT chips significantly improve security of smartphones.
- Asia Pacific market accounted for largest revenue share in 2021. This can be attributed to rising adoption of IoT chips in smart city development and deployment in countries including China, Japan, Taiwan, and India. Besides, increasing application of IoT chip in process automation and manufacturing industry is expected to drive revenue growth during the forecast period.
Market Segmentations of the IoT Chip Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global IoT Chip market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Million; 2019–2030)
- Logic Device
- Field-Programmable Gate Array
- Memory Device
- Dynamic Random-Access Memory
- Static Random-Access Memory
- Sensor
- Heart Rate Sensor
- Temperature Sensor
- Pressure Sensor
- Blood Glucose Sensor
- Image Sensor
- Flow Sensor
- Blood Oxygen Sensor
- Humidity Sensor
- Ambient Light Sensor
- Gas Sensor
- Motion Position Sensor
- Electrocardiogram Sensor
- Inertial Measurement Unit
- Accelerometer
- Processor
- Application Processor
- Digital Signal Processor
- Microcontroller
- Connectivity IC
- Wireless Fidelity (Wi-Fi)
- Bluetooth
- Bluetooth Low Energy
- Zigbee
- Ethernet
- Ant+
- Thread
- Wireless Highway Addressable Remote Transducer
- Near-Field Communication (NFC)
- Global Navigation Satellite System Module
- End-use Outlook (Revenue, USD Million; 2019–2030)
- Aerospace Defense
- Consumer Electronics
- Banking, Financial Services and Insurance (BFSI)
- Agriculture
- Healthcare
- Retail
- Automotive
- Building Automation
- Oil Gas
- Others
- Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
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Regional Landscape section of the IoT Chip report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global IoT Chip Market report:
- The latest report comprehensively studies the global IoT Chip market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the IoT Chip Market report is an exhaustive database that will help readers formulate lucrative strategies. The IoT Chip Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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