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         

Table of Contents

1. EXECUTIVE SUMMARY

2. SCOPE OF THE REPORT

2.1. MARKET DEFINITION

2.2. SCOPE OF THE STUDY

2.2.1. RESEARCH OBJECTIVES

2.2.2. ASSUMPTIONS & LIMITATIONS

2.3. MARKET STRUCTURE

3. MARKET RESEARCH METHODOLOGY

3.1. RESEARCH PROCESS

3.2. SECONDARY RESEARCH

3.3. PRIMARY RESEARCH

3.4. FORECAST MODEL

4. MARKET LANDSCAPE

4.1. PORTER’S FIVE FORCES ANALYSIS

4.1.1. THREAT OF NEW ENTRANTS

4.1.2. BARGAINING POWER OF BUYERS

4.1.3. THREAT OF SUBSTITUTES

4.1.4. INTENSITY OF RIVALRY

4.1.5. BARGAINING POWER OF SUPPLIERS

4.2. VALUE CHAIN/SUPPLY CHAIN OF THE GLOBAL IOT CHIP MARKET

5. MARKET OVERVIEW OF THE GLOBAL IOT CHIP MARKET

5.1. INTRODUCTION

5.2. GROWTH DRIVERS

5.3. MARKET RESTRAINTS

5.4. MARKET OPPORTUNITIES

5.5. MARKET CHALLENGES

6. GLOBAL IOT CHIP MARKET, BY PRODUCT

6.1. INTRODUCTION

6.2. PROCESSOR

6.2.1. MARKET ESTIMATES & FORECAST, 2020–2027

6.2.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

6.3. SENSOR

6.3.1. MARKET ESTIMATES & FORECAST, 2020–2027

6.3.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

6.4. CONNECTIVITY IC

6.4.1. MARKET ESTIMATES & FORECAST, 2020–2027

6.4.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

6.5. MEMORY DEVICE

6.5.1. MARKET ESTIMATES & FORECAST, 2020–2027

6.5.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

6.6. LOGIC DEVICE

6.6.1. MARKET ESTIMATES & FORECAST, 2020–2027

6.6.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

6.7. OTHERS

6.7.1. MARKET ESTIMATES & FORECAST, 2020–2027

6.7.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7. GLOBAL IOT CHIP MARKET, BY END USER

7.1. INTRODUCTION

7.2. CONSUMER ELECTRONICS

7.2.1. MARKET ESTIMATES & FORECAST, 2020–2027

7.2.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7.3. AUTOMOTIVE & TRANSPORTATION

7.3.1. MARKET ESTIMATES & FORECAST, 2020–2027

7.3.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7.4. HEALTHCARE

7.4.1. MARKET ESTIMATES & FORECAST, 2020–2027

7.4.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7.5. RETAIL

7.5.1. MARKET ESTIMATES & FORECAST, 2020–2027

7.5.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7.6. BFSI

7.6.1. MARKET ESTIMATES & FORECAST, 2020–2027

7.6.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7.7. AGRICULTURE

7.7.1. MARKET ESTIMATES & FORECAST, 2020–2027

7.7.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7.8. ENTERTAINMENT AND MEDIA

7.8.1. MARKET ESTIMATES & FORECAST, 2020–2027

7.8.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

7.9. OTHERS

7.9.1. MARKET ESTIMATES & FORECAST, 2020–2027

7.9.2. MARKET ESTIMATES & FORECAST, BY REGION, 2020–2027

8. GLOBAL IOT CHIP MARKET, BY REGION

8.1. INTRODUCTION

8.2. NORTH AMERICA

8.2.1. MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020–2027

8.2.2. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.2.3. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.2.4. US

8.2.4.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.2.4.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.2.5. CANADA

8.2.5.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.2.5.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.2.6. MEXICO

8.2.6.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.2.6.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.3. EUROPE

8.3.1. MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020–2027

8.3.2. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.3.3. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.3.4. UK

8.3.4.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.3.4.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.3.5. GERMANY

8.3.5.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.3.5.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.3.6. FRANCE

8.3.6.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.3.6.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.3.7. ITALY

8.3.7.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.3.7.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.3.8. REST OF EUROPE

8.3.8.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.3.8.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.4. ASIA-PACIFIC

8.4.1. MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020–2027

8.4.2. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.4.3. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.4.4. CHINA

8.4.4.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.4.4.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.4.5. JAPAN

8.4.5.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.4.5.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.4.6. INDIA

8.4.6.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.4.6.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.4.7. REST OF ASIA-PACIFIC

8.4.7.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.4.7.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.5. REST OF THE WORLD

8.5.1. MARKET ESTIMATES & FORECAST, BY, COUNTRY, 2020–2027

8.5.2. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.5.3. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.5.4. THE MIDDLE EAST & AFRICA

8.5.4.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.5.4.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

8.5.5. SOUTH AMERICA

8.5.5.1. MARKET ESTIMATES & FORECAST, BY PRODUCT, 2020–2027

8.5.5.2. MARKET ESTIMATES & FORECAST, BY END USER, 2020–2027

9. COMPANY PROFILES

9.1. INTEL CORPORATION

9.1.1. COMPANY OVERVIEW

9.1.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.1.3. FINANCIAL UPDATES

9.1.4. KEY DEVELOPMENTS

9.1.5. SWOT ANALYSIS

9.1.6. KEY STRATEGIES

9.2. QUALCOMM TECHNOLOGIES, INC.

9.2.1. COMPANY OVERVIEW

9.2.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.2.3. FINANCIAL UPDATES

9.2.4. KEY DEVELOPMENTS

9.2.5. SWOT ANALYSIS

9.2.6. KEY STRATEGIES

9.3. TEXAS INSTRUMENTS INCORPORATED

9.3.1. COMPANY OVERVIEW

9.3.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.3.3. FINANCIAL UPDATES

9.3.4. KEY DEVELOPMENTS

9.3.5. SWOT ANALYSIS

9.3.6. KEY STRATEGIES

9.4. NXP SEMICONDUCTORS NV

9.4.1. COMPANY OVERVIEW

9.4.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.4.3. FINANCIAL UPDATES

9.4.4. KEY DEVELOPMENTS

9.4.5. SWOT ANALYSIS

9.4.6. KEY STRATEGIES

9.5. MICROCHIP TECHNOLOGY INC.

9.5.1. COMPANY OVERVIEW

9.5.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.5.3. FINANCIAL UPDATES

9.5.4. KEY DEVELOPMENTS

9.5.5. SWOT ANALYSIS

9.5.6. KEY STRATEGIES

9.6. MEDIATEK INC.

9.6.1. COMPANY OVERVIEW

9.6.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.6.3. FINANCIAL UPDATES

9.6.4. KEY DEVELOPMENTS

9.6.5. SWOT ANALYSIS

9.6.6. KEY STRATEGIES

9.7. STMICROELECTRONICS NV

9.7.1. COMPANY OVERVIEW

9.7.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.7.3. FINANCIAL UPDATES

9.7.4. KEY DEVELOPMENTS

9.7.5. SWOT ANALYSIS

9.7.6. KEY STRATEGIES

9.8. RENESAS ELECTRONICS CORPORATION

9.8.1. COMPANY OVERVIEW

9.8.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.8.3. FINANCIAL UPDATES

9.8.4. KEY DEVELOPMENTS

9.8.5. SWOT ANALYSIS

9.8.6. KEY STRATEGIES

9.9. NVIDIA CORPORATION

9.9.1. COMPANY OVERVIEW

9.9.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.9.3. FINANCIAL UPDATES

9.9.4. KEY DEVELOPMENTS

9.9.5. SWOT ANALYSIS

9.9.6. KEY STRATEGIES

9.10. CYPRESS SEMICONDUCTOR CORPORATION

9.10.1. COMPANY OVERVIEW

9.10.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.10.3. FINANCIAL UPDATES

9.10.4. KEY DEVELOPMENTS

9.10.5. SWOT ANALYSIS

9.10.6. KEY STRATEGIES

9.11. ADVANCED MICRO DEVICES, INC.

9.11.1. COMPANY OVERVIEW

9.11.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.11.3. FINANCIAL UPDATES

9.11.4. KEY DEVELOPMENTS

9.11.5. SWOT ANALYSIS

9.11.6. KEY STRATEGIES

9.12. SAMSUNG ELECTRONICS CO., LTD.

9.12.1. COMPANY OVERVIEW

9.12.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.12.3. FINANCIAL UPDATES

9.12.4. KEY DEVELOPMENTS

9.12.5. SWOT ANALYSIS

9.12.6. KEY STRATEGIES

9.13. TELIT

9.13.1. COMPANY OVERVIEW

9.13.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.13.3. FINANCIAL UPDATES

9.13.4. KEY DEVELOPMENTS

9.13.5. SWOT ANALYSIS

9.13.6. KEY STRATEGIES

9.14. SILICON LABORATORIES

9.14.1. COMPANY OVERVIEW

9.14.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.14.3. FINANCIAL UPDATES

9.14.4. KEY DEVELOPMENTS

9.14.5. SWOT ANALYSIS

9.14.6. KEY STRATEGIES

9.15. MARVELL

9.15.1. COMPANY OVERVIEW

9.15.2. PRODUCT/BUSINESS SEGMENT OVERVIEW

9.15.3. FINANCIAL UPDATES

9.15.4. KEY DEVELOPMENTS

9.15.5. SWOT ANALYSIS

9.15.6. KEY STRATEGIES

10. CONCLUSION

 

LIST OF TABLES

Table1 GLOBAL IOT CHIP MARKET, BY COUNTRY, 2020-2027

Table2 NORTH AMERICA: IOT CHIP MARKET, BY COUNTRY, 2020–2027

Table3 EUROPE: IOT CHIP MARKET, BY COUNTRY, 2020–2027

Table4 ASIA-PACIFIC: IOT CHIP MARKET, BY COUNTRY, 2020–2027

Table5 SOUTH AMERICA: IOT CHIP MARKET, BY COUNTRY, 2020–2027

Table6 NORTH AMERICA: IOT CHIP MARKET, BY COUNTRY, 2020–2027

Table7 NORTH AMERICA: IOT CHIP MARKET, BY PRODUCT, 2020–2027

Table8 NORTH AMERICA: IOT CHIP MARKET, BY END USER, 2020–2027

Table9 EUROPE: IOT CHIP MARKET, BY COUNTRY, 2020–2027

Table10 EUROPE: IOT CHIP MARKET, BY PRODUCT, 2020–2027

Table11 EUROPE: IOT CHIP MARKET, BY END USER, 2020–2027

Table12 ASIA-PACIFIC: IOT CHIP MARKET, BY COUNTRY, 2020–2027

Table13 ASIA-PACIFIC IOT CHIP MARKET, BY PRODUCT, 2020–2027

Table14 ASIA-PACIFIC: IOT CHIP MARKET, BY END USER, 2020–2027

Table15 MIDDLE EAST & AFRICA: IOT CHIP MARKET, BY COUNTRY, 2020–2027

Table16 MIDDLE EAST & AFRICA: IOT CHIP MARKET, BY PRODUCT, 2020–2027

Table17 MIDDLE EAST & AFRICA: IOT CHIP MARKET, BY END USER, 2020–2027

Table18 SOUTH AMERICA: IOT CHIP MARKET, BY COUNTRY, 2020–2027

Table19 SOUTH AMERICA: IOT CHIP MARKET, BY PRODUCT, 2020–2027

Table20 SOUTH AMERICA: IOT CHIP MARKET, BY END USER, 2020–2027

 

LIST OF FIGURES

Figure 1 GLOBAL IOT CHIP MARKET SEGMENTATION

Figure 2 FORECAST METHODOLOGY

Figure 3 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL IOT CHIP MARKET

Figure 4 VALUE CHAIN OF THE GLOBAL IOT CHIP MARKET

Figure 5 SHARE OF THE GLOBAL IOT CHIP MARKET IN 2020, BY COUNTRY (IN %)

Figure 6 GLOBAL IOT CHIP MARKET, 2020–2027

Figure 7 SHARE OF THE GLOBAL IOT CHIP MARKET BY INDUSTRY, 2020–2027

Figure 8 GLOBAL IOT CHIP MARKET SIZE, BY PRODUCT, 2020

Figure 9 SHARE OF THE GLOBAL IOT CHIP MARKET, BY PRODUCT, 2020–2027

Figure 10 GLOBAL IOT CHIP MARKET SIZE, BY END USER, 2020

Figure 11 SHARE OF THE GLOBAL IOT CHIP MARKET, BY END USER, 2020–2027

IoT Chips Market

IoT Chips Market is estimated to reach USD 531.80 Billion by 2026, registering a CAGR of 5.9% during the forecast period, 2019-2026.

Segmentation

By Product Processors Sensors Connectivity I Cs Memory Devices Logic Devices
By End-User Consumer Electronics Automotive & Transportation Healthcare Retail Bfsi Agriculture Entertainment & Media

Key Players

  • 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)

Drivers

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


IoT Chips Market is estimated to reach USD 531.80 Billion by 2026, registering a CAGR of 5.9% during the forecast period, 2019–2026. IoT chips are also known as IoT modules, which are compact electronic devices designed to be used in electronic devices to enable connectivity that utilizes wireless network connectivity.


The IoT chips are always-on connectivity by utilizing wireless connectivity and data transfer to enable real-time data transfer and continuous monitoring or data collection applications. The growing demand for wearable and advancing technologies such as AI, 5G, and government funding the IoT-based modules in various aspects of governmental projects are stimulating the growth of the IoT chips industry.


The recent studies confirm the growth of IoT-connected devices compared to the 34.8 billion sales rate of IoT-connected devices in 2019. Such factors are presenting opportunities for the IoT chips market growth.


 


COVID 19 Analysis:


 


The supply chain interruptions and the reducing demand for industrial products due to declining economic conditions in several countries have affected the growth of IoT connections. The reduced production rate of consumer electronics and interruptions in logistics have also affected the growth of industrial units. Additionally, the IoT contracts were canceled and postponed as several businesses were scaling down their expenses and adopting different business strategies. 


 


The stringent regulations imposed by the government in several countries have reduced the demand for the automotive industry, a recent study conducted by the ACEA proved that the demand for the new cars has reduced by about 28.8% up until October 2020.


 


Market Dynamics:


 


Market Drivers:


 


Several countries are focusing on developing smart cities and residential projects. Also, governmental organizations are increasing their overall investment for converting the cities into digital communities. Smart cities include devices that could track the water quality, air quality, utilities, and mobility services. Such developments in several countries are driving the overall growth of the IoT chips industry.


 


Increasing usage of wearable, cloud technologies, wireless devices are driving the IoT chips market growth.


 


Market Opportunities:


 


The automotive industry is increasingly utilizing IoT technology which is enhancing the user experience to another level. The IoT connection protocols are enabling the over-the-air updates of the car software, such protocols help the drivers in assisting the route and traffic-less paths.


 


The emerging blockchain technology-based architecture helps in delivering lightweight and decentralized security solutions in several applications for connected devices. Some of the applications include freight transportation, component tracking that tracks throughout the product lifecycle. The privacy and security concerns associated with tracking the component tracking can be alleviated by storing the data in the blockchain ledgers. Such integrations are presenting lucrative opportunities for the growth of the IoT chips industry.


 


Market Restraints:


 


Designing the IoT Glucose monitoring device that is compact enough and in a way that doesn’t hinder the daily activities of the patient is a challenge. On the other hand, the existing glucose monitoring devices that are embedded with the IoT Technology do not consume more electricity and require recharging frequently. 


 


The hand sanitizing monitoring devices are integrated with the IoT technology which constantly reminds people to sanitize their hands. But the major shortcoming is that reminders produced in the form of beep sounds are frequently ignored by people and don’t serve their purpose. 


 


Market Challenges:


 


The healthcare industry is considered the major end-user of the IoT chips industry. The wide range of medical devices that require frequent or continuous monitoring is driving the overall growth of the IoT Chips market. However, the false prediction of the medical devices, especially in the mood-aware IoT device which continuously monitors the heart rates, blood pressure, and other metrics to figure out the mental state of the patient. The common metrics monitored often fail to predict the symptoms.


 


 The IoT chips are intensively used in the smart wearable in recent times. However, the challenges associated with the IoT integrated smart devices such as the low battery life of the devices, ergonomic issues, poor value that they offer, and so on are hindering the overall growth of the IoT chips industry.


 


Cumulative Growth Analysis:


 


IoT chips are intensively used in consumer electronics, smartphones, and other devices to make automated decisions by capturing real-time data. The consumer electronics segment is expected to showcase higher IoT Chips market value in the forecast period. The market value of IoT chips is expected to reach over USD 531.80 million by the year 2026 with a steady CAGR of 5.9% during the forecast period. The growing need for smart healthcare devices is also stimulating the overall growth of IoT chips in recent times. The IoT technologies are integrated into the devices such as remote patient monitoring, Glucose monitoring which is capable of monitoring the patient’s glucose level automatically has replaced the conventional way of monitoring the glucose levels. The IoT chips are utilized in several end-user applications such as building automation, the automotive industry, and healthcare, and so on. The growth of the end-user industries is further driving the overall growth of the IoT chips market. 


 


Value Chain Analysis:


 


The evolution of IoT technology has highly benefitted the industrial process in recent times. The development of internet connectivity, 5G technology, advancing sensor technology, and other favorable factors are primarily responsible for IoT chips market growth. Additionally, the industrial sectors are adopting automated decision making in real-time rather than data-driven decision making in recent times and automating several industrial processes such as RFID label tracking, sorting the flow of products, tracking the flow, and other essential industrial operations while reducing the manual intervention. Such practices in the industrial sectors are driving the overall growth of the IoT chips industry. 


 


The advent of LTE or NB-IoT chips in the manufacturing industries is gaining popularity in recent times in the industrial sectors owing to the massive amount of machine and sensor data getting collected every day. The manufacturing terminals are integrated with e-LTE or NB-IoT chips to collect the manufacturing data and to issue further assistance.


 


Segment Overview:


 


Based on Product:


 




  • Processors




  • Sensors




  • connectivity ICS




  • memory devices




  • logic devices




  • others




 


Based on End User: 


 




  • Consumer electronics




  • Automotive & transportation




  • Healthcare




  • Retail




  • BFSI




  • Agriculture




  • Entertainment & media




  • Others.




 


Regional Analysis:


 


North America is currently excelling in the IoT chips market growth owing to the increasing adoption of AI, IoT, and other advanced technologies. On the other hand, the increasing customer base for smart connecting devices and growing demand for touch screen and wireless devices are driving the IoT chips market growth. Several countries in the Asia-pacific region are increasingly investing in smart homes, smart meters, and smart door lock devices that are based on IoT technology. The advancement in IoT technology has increased the demand for these IoT-based applications and thereby increased the IoT chips market growth in the Asia-pacific region. 


 


A prominent company in China, named Chunghwa Telecom which provides wireless communication and internet services has collaborated with SPACE which is a parking space in the region and built a smart lock deployed with the Internet of Things Technology. The system enables the car users to access the car space via mobile application. After being paid for the selected parking space, the lock gets lowered via NB-IoT connection. The system reduces human intervention and thereby reducing the hassle.


 


Competitive Landscape:


 




  • 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)




 


Recent Developments:


The Year 2020:


Qualcomm technologies have developed a modem that comes with a modem baseband and an RF transceiver, one of the leading market players. The modem is integrated with RF front end and NB2 IoT connectivity that offers coverage for even the delay-tolerant applications. The device is ideal for IoT applications that require deep connectivity while it demands lower power usage.


The Year 2021:


Qualcomm has launched seven new IoT processors which can serve varied industries with a wide range of performance with the features like Wi-Fi 6 and 5G connectivity. The senior director of the IoT project confirms that the product Qualcomm 8250 could be adopted in fleet management in the automotive. When AI is integrated with the cameras, the system can detect if the vehicle driver gets drowsy or uses cell phones, or gets distracted from driving. The demand for such applications is increasing the demand for these IoT chips of late.


Report Overview:


 


This report has covered:


 




  • Market Overview




  • COVID 19 Analysis




  • Market Dynamics




  • Cumulative Growth Analysis




  • Value Chain Analysis




  • Segment Overview




  • Regional Analysis




  • Competitive Landscape




  • Recent Developments





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.


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    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.