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.
The report, Global IoT Chip Market Research Report and Forecast to 2030, provides a detailed analysis of the global IoT Chip Market, including market size, market share, current and future trends, and the most recent technological breakthroughs. The research provides information on the regional and global competitive landscape of the IoT Chip Market, along with a complete prognosis through 2030. The impact of the COVID-19 epidemic on the market for IoT Chip has been updated in the most recent research. It examines the impact of the epidemic on each region's political and economic systems. It presents a present and projected view of the pandemic's effects on supply chain disruptions and economic volatility.
An NFC ring embedded with network connectivity, sensors, and software enables individuals to share and exchange data. Features such as automatic running, 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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Global IoT Chip Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
RD Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global IoT Chip market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global IoT Chip market and pinpoint the fundamental growth trends.
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
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales distribution channels
Regional Segmentation:
North America
Latin America
Europe
Middle East Africa
Asia Pacific
Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
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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
Memory Device
Dynamic Random-Access Memory
Static Random-Access Memory
Sensor
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
Processor
Application Processor
Digital Signal Processor
Microcontroller
Connectivity IC
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
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Additional information offered by the report:
Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Cobots market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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