Global IoT Chip Market Forecast to 2030
The most current market research report from Emergen Research, which focuses on the global IoT Chip market, provides in-depth analysis of each of the market's major segments. The research on the global IoT Chip market includes information on market size, revenue growth rate, industry data, revenue splits by regional markets, gross margins, production costs, and product portfolios. The report also highlights a number of other micro- and macroeconomic factors, including the most important drivers, opportunities, trends, difficulties, supply and demand ratios, production and consumption patterns, stringent regulatory frameworks, and a wide range of other factors.
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 the 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.
An NFC ring embedded with network connectivity, sensors, and software enables individuals to share and exchange data. Features such as automatic running, a program lock, business card sharing, and an 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 an NFC ring if the door has an NFC-enabled lock. In addition, NFC rings support metro ticketing, which is the next generation of metro fare collection systems, and ticketing is more user-friendly and hassle-free. It saves time for 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 while 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, calories, and activities throughout the day. These IoT wearable devices have significantly improved the lifestyle of individuals, leading to increased 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 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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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)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global IoT Chip market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for IoT Chip with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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