The Global IoT Chip Market research report is a complete study that summarises the most recent changes and advancements in the IoT Chip industry, with 2018 acting as the base year and the forecast year being 2020–2027. The analysis provides useful details on the market's size, share, sales channels, distribution system, market segmentation, consumer needs, industry trends, and potential for future growth. The research also looks at both the global and regional market growth. The paper examines the COVID-19 pandemic's implications on the market for IoT Chip and its key segments.
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.
Data sharing and exchange are made possible by NFC rings that have network connectivity, sensors, and software integrated into them. NFC rings have functions including automatic running, programme lock, business card share, and intelligent door lock. NFC rings make it unnecessary to carry door keys, credit cards, and auto keys. If the door has an NFC-enabled lock, one can quickly unlock it with the aid of an NFC ring. Moreover, NFC rings support metro ticketing, which is the next-generation mechanism for collecting metro fares and is easier to use. Using mobile phones, bank cards, or NFC rings for contactless and cashless payments while travelling saves travellers time when compared to traditional ticketing methods.
People are frequently using fitness trackers to keep track of their health and fitness. These trackers are automatic wristbands that track daily activity and calories while also tracking heart rate and sleep quality. These wearable Internet of Things gadgets have considerably enhanced people's lifestyles, which has increased adoption. Throughout the projected period, this tendency is anticipated to persist.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global IoT Chip market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global IoT Chip market and pinpoint the fundamental growth trends.
The leading market contenders listed 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
Global IoT Chip Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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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 Overview:
The report bifurcates the IoT Chip market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Outlook (Revenue, USD Million; 2019–2030)
- Logic Device
- Field-Programmable Gate Array
- Dynamic Random-Access Memory
- Static Random-Access Memory
- 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
- Application Processor
- Digital Signal Processor
- Microcontroller
- 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
- Germany
- France
- U.K.
- Italy
- Spain
- Benelux
- Rest of Europe
- China
- India
- Japan
- South Korea
- Rest of APAC
- Brazil
- Rest of LATAM
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
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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.
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