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Report explores the Global IoT chip market is anticipated to reach at a highest CAGR of +14.75% during period 2018-2024

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Global IoT Chip Market accounted for USD 7.07 billion in 2016 and is projected to grow at a CAGR of 14.75% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global IoT Chip Market By Hard ware (Sensor, Processor, Memory Device, Connectivity IC,  Logic Device), End User (Wearable Devices, Consumer Electronics, Healthcare, Banking, Financial Services and Insurance (BFSI), Building Automation, Industrial, Agriculture, Oil & Gas, Automotive & Transportation, Retail), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) and Forecast to 2024.

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Major Market Competitors:

Some of the major players in global IoT chip market include Intel Corporation, MediaTek Inc., Qualcomm Technologies, Inc., Huawei Technologies Co., Ltd., Texas Instruments Incorporated, Samsung Electronics Co., Ltd., Renesas Electronics Corporation, Microchip Technology Inc.¸ Advanced Micro Devices, Inc., NXP Semiconductors, NVIDIA Corporation, Cypress Semiconductor Corporation and STMicroelectronics among others.

Report Definition:

IoT chip includes sensor, different types of processors, interface IP, ASICs in cloud for packaging and many more. These are meant for security and safety concerns which comes in the application of medical devices, consumer electronics, wearable devices, automotive and transportation.

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Major Market Drivers:

  • Expansion in the wearable device market
  • Government funding and increase in the investment of IoT

Major Market Restraints:

  • Rising concern in regards of security concern

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Scope of the Report:

On the basis of hardware, global IoT chip market is segmented into sensor, processor, memory device, connectivity IC and logic device. Sensor is sub segmented into heart rate, blood glucose, blood oxygen, flow, level, temperature, pressure, inertial measurement unit (IMU), humidity, chemical and gas¸ electrocardiogram (ECG), ambient light, motion and position, accelerometer and image sensor.

Memory device is sub segmented into static random access memory (SRAM) and dynamic random access memory (DRAM).

Processor is sub segmented into microcontroller (MCU), digital signal processor (DSP) and application processor (AP). Connectivity IC is sub segmented into bluetooth, zigbee, Wi-Fi, cellular network, ANT+, bluetooth smart/bluetooth low energy (BLE), near-field communication (NFC), ethernet, ISA100, global navigation satellite system (GNSS) module, enocean, thread and wireless highway addressable remote transducer (WHART).

On the basis of end user, global IoT chip market is segmented into wearable devices, consumer electronics, healthcare, banking, financial services, and insurance (BFSI), building automation, industrial, agriculture, oil and gas, automotive and transportation and retail. Wearable device is sub segmented into smartwatches, smart glasses¸ activity monitors and wearable cameras.

Consumer electronics is sub segmented into refrigerator, washing machine and Hi-Res television. Healthcare is sub segmented into wearable injector¸ blood pressure monitor, blood glucose meter, pulse oximeter, multi-parameter monitor, fitness and heart rate monitor, programmable syringe pump, continuous glucose monitor and automated external defibrillator.

Banking, financial services and insurance (BFSI) is sub segmented into mobile point of sale (mPOS) and kiosks.

Building Automation is sub segmented into daylight sensors, smoke detectors, occupancy sensors, IP cameras, lighting control actuators, smart locks, smart thermostats, gateways and smart meters. Industrial is sub segmented into self-learning industrial robots and industrial motes.

Oil and Gas is sub segmented into wireless sensors for oil and gas. Automotive & Transportation is sub segmented into connected cars and intelligent transportation systems (ITS).

Retail is sub segmented into smart beacons.

On the basis of geography, the global IoT chip market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East and Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Company Share Analysis:

The global IoT chip market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

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