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IOT Chip Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Pre Book Price: $ 5216

Original Price: $ 5795

IOT or Internet on Thing is a smart device embedded with software or electronics that helps in exchange and collection of data. It is also referred as the infrastructure of the information society. Recent computing systems contain electric mechanisms which are called as chipsets, and this embodies an assembly of combined circuits relied widely on various consumer electronic devices that include smartphones, tablet, computers, as well as wearable technology. Chipsets are designed to work with a certain set of microprocessors and often projected for a definite purpose or device.

IOT Chip Market: Market Dynamics and Restraints

Majorly, growth in healthcare and automotive sector is directly driving the market of IOT Chip market globally. Growth in the new segment of the transportation and automotive domain is driving the demand; the new segment includes an addition of connected car product line which adheres intelligent transportation system (ITS) with the advancement of Internet on Thing (IOT) technology. The retail industry is forecasted to overtake the market of IOT while becoming the leading industry in IOT usage. The other key factors that lift the market growth of IOT Chip worldwide is its capacity to process and manage an enormous amount of data which is generated by the devices or gadgets. Also, it is a protected, and adhere nonvolatile memory (NVM) for code storage, device configuration, sensor trimming, security keys, as well as stand by other storage functions which are essential during processing and execution of data produced from IOT devices. Chipset which is specifically designed for IOT system adheres different factor that is finest energy efficiency.

Although demand and necessity of IOT Chip in the varied applications of several industries ranging from automotive to pharmacy can be seen significantly, factors such as restricted throughput and high pricing of IOT Chip technology are acting as the main hindrance to the IOT Chip market growth to a certain extent.

IOT Chip Market: Market Segmentation          

The global IOT Chip market is segmented based on its hardware types, and end user applications type.

Based on the hardware type, IOT Chip market is segmented into:

  • Processor
  • Sensor
  • Connectivity IC
  • Memory Device
  • Logic Device

Based on the end user applications type, IOT Chip market is segmented into:

  • Automotive & Transportation
  • Retail
  • Environmental monitoring
  • Building and home automation
  • Consumer application
  • Wearable Devices
  • Metropolitan scale deployments
  • Manufacturing
  • Medical and healthcare
  • Industrial
  • Energy management
  • Media
  • Infrastructure management

 IOT Chip Market: Regional Outlook 

Regarding geography, the global IOT chip market has been categorized into seven key regions including North and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The IOT chip market is globally expected to register healthy CAGR during the forecast period. Due to the presence of large number of IOT Chip market players in the U.S and Canada, and huge practice of IOT chips in the automotive, electronics and health care sector escalates the demand of IOT Chip in North America by making it a leading region in IOT chip market worldwide. The second leading region is Western Europe in which countries such as Germany, France, Italy, and U.K practices IOT technologies in various industries. Countries like China, India, and South Korea are becoming emerging market in IOT Chip making Asia Pacific Excluding Japan fastest developing region for IOT Chip market space, this is because of the high industrial growth of automotive, pharmaceutical and retail domain. The Middle East and Africa are anticipated to grow at a healthy growth rate.

IOT Chip Market Players 

Some of the players of global IOT Chip market are AMD, Whiznets, Arduino, Texas Instruments, ARM Holdings PLC., Cypress Semiconductor, Atmel Corporation, Electric Imp, Marvell Technology Group, and Freescale Semiconductor (NXP Semiconductors) among others. Other companies are Intel, MediaTek Inc., Microchip Technology Inc., Qualcomm, Nvidia, Renesas Electronics, Samsung Electronics, Silicon Labs, Semtech, and STMicroelectronics and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
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