Allied Market Research

2024

Iot Chips Market

IoT Chips Market Size, Share, Competitive Landscape and Trend Analysis Report by Hardware (Processor, Sensor, Memory Device, Logic Device, Others) and by End Use (Industrial, Banking Financial Services and Insurance, Consumer Electronics, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Vineet Kumar
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IoT Chips Market Outlook-2026

IoT, Internet of Things, is an electronic device embedded with objects or machines to exchange the data through the wireless networks. It is known as radio chips and makes use of embedded processor, hardware and sensor to collect, send or an act on data. It is an internetworking of physical and virtual objects, which relates each other with the help of cloud technology. IoT technology demands in various areas such as electronics, automotive, thermostats, vending machines, speakers system, and security systems because it follows real time monitoring process and made easy to access information and communication.

Various communication technologies are well known among people due to smart phones tablets, TVs, and other electronic appliances because these are highly adopted by people on daily basis. Such technologies are WI-FI, Bluetooth, ZigBee, 2G/3G/4G, and cellular technology. But few new technologies have been emerged and integrated with IoT like Thread for home automation appliances, and Whitespace TV technologies for wider area in major cities. For instance, in smart phones IoT chip allows phones to connect with all other devices and sensors through any technology.

The IoT chips market is expected to experience growth in subsequent years due to high growth of IoT in health care and automotive industry. Expansion of investments have been made by IoT industry to develop new IoT based products such as healthcare devices, wearable devices, consumer electronics, and others. Hence, these factors contribute positively towards the IoT chips market growth across the globe.

The IoT chips market share is segmented into hardware, end use, and region. Based on hardware, the market is classified into processor, sensor, memory device, logic device, and others. Based on end use, the market is categorized into industrial, banking, financial services, and insurance, consumer electronics, healthcare and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the IoT chips industry are Intel Corporation, Texas Instruments Incorporated, Mediatek Inc. Qualcomm Incorporated, Samsung Electronics Co. Ltd, Microchip Technology Inc., Cypress Semiconductor Corporation, STMicroelectronics NV, Telit Communications PLC, Silicon Laboratories Inc., Semtech Corporation and Nordic Semiconductor ASA. These players focus on R&D, advancement of electronic devices. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the IoT chips market and develop new products for enhancing product portfolio.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global IoT chips market to identify the prevailing market opportunities.
  • The key countries in all the major regions are mapped based on their market share.
  • Porter’s five forces analysis highlights the potency of the buyers and the suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

IoT Chips Market Report Highlights

Aspects Details
IoT Chips Market By Hardware
By Hardware
  • Processor
  • Sensor
  • Memory Device
  • Logic Device
  • Others
IoT Chips Market By End Use
By End Use
  • Industrial
  • Banking Financial Services and Insurance
  • Consumer Electronics
  • Healthcare
  • Others
IoT Chips Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Cypress Semiconductor Corporation, Microchip Technology Inc, Semtech Corporation, STMicroelectronics NV, Nordic Semiconductor ASA, Samsung Electronics Co. Ltd, Telit Communications PLC, Qualcomm Incorporated, Silicon Laboratories Inc, Intel Corporation, Texas Instruments Incorporated, Mediatek Inc

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IoT Chips Market

Global Opportunity Analysis and Industry Forecast, 2023-2032