IoT Chips Market Research Report - Global Forecast till 2027

IoT Chips Market Research Report: By Product (Processors, Sensors, Connectivity ICs, Memory Devices, Logic Devices and Others), End-User (Consumer Electronics, Automotive & Transportation, Healthcare, Retail, BFSI, Agriculture, Entertainment & Media and Others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2027

ID: MRFR/SEM/8670-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis


IoT Chips Market is estimated to reach USD 531.80 Billion by 2026, registering a CAGR of 5.9% during the forecast period, 2020–2026.


IoT chips, generally referred to as IoT modules or radio chips, are small electronic devices that are integrated into machines to enable connectivity with wireless networks and data transfer. These chips are characterized by their always-on connectivity, which allows users to automatically send data in real-time without using any button. An IoT module is a broad term that includes sensors, processors, on-chip and off-chip memory types, I/O and interface IPs, and chiplets. These modules are then used as SoCs, custom ASICs in the cloud, 2.5D chips for the networks and servers, and fan-out wafer-level packaging for MEMS and sensor clusters. The increasing demand for connected wearable devices along with advancements in AI, 5G, and IoT has contributed to the growth of the global IoT chips market. In addition to this, increasing government initiatives supporting the development of IoT-based modules has created opportunities for the manufacturers of chips and SoCs to develop devices that can transfer data in real-time.


Industry News



  • In April 2020, Qualcomm Technologies, Inc. launched the Qualcomm 212 LTE IoT Modem, one of the most power-efficient single-mode NB2 (NB-IoT) chipsets. The ultra-efficient chipset offers significant performance improvements for low-power, long-life IoT applications.



  • In December 2018, Silicon Labs launched its next-generation Z-Wave 700 solution on the Wireless Gecko platform—one of the most comprehensive hardware and software connectivity solutions for the Internet of Things (IoT). The platform features Z-Wave's S2 security and interoperability as well as improved energy efficiency, thus ensuring better performance and longer-range RF capabilities.



  • In July 2018, Sequans Communications SA partnered with NTT DOCOMO, INC., the leading mobile operator in Japan, to expedite the development of NB-IoT devices and applications on the latter’s communication network. Under this partnership, Sequans will develop a highly optimized LTE-M/NB-IoT chip solution, and Monarch N, an NB-IoT-only version of Monarch on its Monarch LTE Platform.


Segmentation


IoT Chips Market has been segmented based on Product, End User, and Region.


By Product, the IoT Chips Market has been segmented into processors, sensors, connectivity ICs, memory devices, logic devices, and others.


By End User, the IoT Chips Market has been segmented into consumer electronics, automotive & transportation, healthcare, retail, BFSI, agriculture, entertainment & media, and others.


By Region, the IoT Chips Market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


IoT Chips Market, 2018–2026 (USD Billion)


Source: MRFR Analysis


Regional Analysis


Global IoT Chips Market is estimated to grow at a significant rate during the forecast period from 2020 to 2026. The geographic analysis of the IoT chips market has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East & Africa and South America). Among these, the Asia-Pacific region has dominated the global market in 2019 and is expected to maintain its dominance throughout the review period. The North American market is projected to record the fastest growth during the forecast period. The increasing adoption of AI and IoT technologies, along with consumer inclination towards smart connected devices, is expected to fuel the market in this region.


Key Players


MRFR recognizes the Key Players in the Global IoT Chips Market as Intel Corporation (US), Qualcomm Technologies, Inc (US), Texas Instruments Incorporated (US), NXP Semiconductors NV (Netherlands), Microchip Technology Inc. (US), MediaTek Inc. (Taiwan), STMicroelectronics NV (Switzerland), Renesas Electronics Corporation (Japan), Huawei Technologies Co., Ltd. (China), NVIDIA Corporation (US), Cypress Semiconductor Corporation (US), Advanced Micro Devices, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), MediaTek Inc. (Taiwan), Microchip Technology Inc. (US), Silicon Laboratories. (US), Telit (Italy), Nordic Semiconductor ASA (Norway), Semtech Corporation (US), Marvell (Bermuda), and AMD (US). These players focus on innovation and, thus, invest in research and development to present a cost-effective product portfolio. There have been recent mergers & acquisitions among the key players, a strategy that these businesses leverage to strengthen their reach to the customers.


Intended Audience



  • Investors and Consultants

  • Government Organizations

  • Research/Consultancy Firms

  • Manufacturers

  • Safety Providers

  • Industries


 



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 531.80 Billion
  CAGR   5.9%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, End-User and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Intel Corporation (US), Qualcomm Technologies, Inc (US), Texas Instruments Incorporated (US), NXP Semiconductors NV (Netherlands), Microchip Technology Inc. (US), MediaTek Inc. (Taiwan), STMicroelectronics NV (Switzerland), Renesas Electronics Corporation (Japan), Huawei Technologies Co., Ltd. (China), NVIDIA Corporation (US), Cypress Semiconductor Corporation (US), Advanced Micro Devices, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), MediaTek Inc. (Taiwan), Microchip Technology Inc. (US), Silicon Laboratories. (US), Telit (Italy), Nordic Semiconductor ASA (Norway), Semtech Corporation (US), Marvell (Bermuda), and AMD (US)
  Key Market Opportunities   Increasing government initiatives supporting the development of IoT-based modules.
  Key Market Drivers

  • Increasing demand for connected wearable devices along with advancements in AI, 5G, and IoT.
  • The customers’ inclination towards AI and 5G.


  • Frequently Asked Questions (FAQ) :


    The global IoT chips market is expected to reach a valuation of USD 531.8 billion by 2026.

    The global IoT chips market is expected to exhibit a strong 5.9% CAGR over the forecast period from 2020 to 2026.

    The increasing demand for connected wearable devices is a major driver for the IoT chips market.

    Asia Pacific is the dominant regional market for IoT chips.

    Major players in the IoT chips market include Advanced Micro Devices Inc., Renesas Electronics Corporation, Intel Corporation, Microchip Technology Inc., Qualcomm Technologies Inc., NXP Semiconductors NV, MediaTek Inc., and NVIDIA Corporation, among others.