Global IoT Chips Market, By Hardware (Processor, Sensor, Memory Device, Logic Device, Connectivity IC, Memory Device, and Others), End Use (Industrial, Banking Financial Services and Insurance, Consumer Electronics, Healthcare, Automotive and Transportation, Retail, Environmental Monitoring, Building and Home Automation, Consumer Application, Wearable Devices, Metropolitan Scale Deployments, Manufacturing, Medical and Healthcare, Industrial, Energy Management, Infrastructure Management and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global IoT Chip Market
The IoT chip market is expected to witness market growth at a rate of 11.4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on IoT chip market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
IoT is a system of wireless connection of physical devices at a place. These devices are embedded with sensors, software and other technologies that help to send and receive information over a wireless connection. Thus, IoT chip is a small electronic device that is embedded in various objects, machines and other devices. It is an important part of the whole IoT mechanism and the absence of which will make the whole process futile. Due to the advent of IoT, the personal and business possibilities have become endless.
Rising digitization is propelling the growth of IoT chip market. Rising demand for automated operations by various industries is further inducing the growth of IoT chip market. Growth and expansion of automobile sector has led to the rise in adoption of IoT technology. This in turn has fuelled up the IoT chip market value. Various cross-domain collaborations coupled with increased government funding on the technology are some other factors bolstering the growth of the market. Rising population coupled with increased internet penetration especially in the developing countries act as another indirect growth determinant.
However, security and privacy concerns remain the biggest challenge to be tackled. Restricted throughput is further restricting the growth of IoT chip market. Lack of standard protocols will further prove to be a hindrance in the way of market growth. High power consumption of the IoT connected devices will further dampen the market growth rate.
This IoT chip market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on IoT chip market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
IoT Chip Market Scope and Market Size
The IoT chip market is segmented on the basis of hardware, end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the hardware, the IoT chip market is segmented into processor, sensor, memory device, logic device, connectivity IC, memory device, and others.
- Based on the end use, the IoT chip market is segmented into industrial, banking financial services and insurance, consumer electronics, healthcare, automotive and transportation, retail, environmental monitoring, building and home automation, consumer application, wearable devices, metropolitan scale deployments, manufacturing, medical and healthcare, industrial, energy management, infrastructure management and others.
IoT Chip Market Country Level Analysis
The IoT chip market is analysed and market size, volume information is provided by hardware and end users as referenced above.
The countries covered in the IoT chip market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the IoT chip market because of the enhanced research and development in the field of IoT, in terms of new and improved technologies, and the increasing demand for improved lifestyles. Furthermore, the growing of the research and development at both the academic and industry levels, is broadening the application areas of IoT in different industries, such as customer electronics, retail, automotive and transportation, and healthcare, mainly in the advancing countries, are the vital factors further boosting the growth of the IoT chip market. Asia Pacific is expected to observe considerable amount of growth in the IoT chip market due to the high industrial development of automotive, pharmaceutical and retail sector.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bipolar Discrete Semiconductor Market Share Analysis
The IoT chip market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to IoT chip market.
The major players covered in the IoT chip market report are Intel Corporation, Qualcomm Technologies, Inc, Texas Instruments Incorporated, NXP Semiconductors., Microchip Technology Inc., STMicroelectronics., MediaTek Inc., Renesas Electronics Corporation, Huawei Technologies Co., Ltd., NVIDIA Corporation, Cypress Semiconductor Corporation, Advanced Micro Devices, Inc., Samsung Electronics Co., Ltd., Microchip Technology Inc., Silicon Laboratories., Nordic Semiconductor ASA, Semtech Corporation, Marvell, WhizNets Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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