Global IoT Chips Market

Report Code: SMC135A

Publish Date: Apr 2024

Publisher: BCC Publishing

Category: Semiconductors

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Report Highlights

The report provides an analysis of the size of the global market for IoT chips. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. The report explores the impact of the COVID-19 pandemic and the Russia-Ukraine war on the global market for IoT chips. The report concludes with profiles of the major players in the market.

Report Includes

  • An overview of the global markets for Internet of Things (IoT) chips
  • Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024, and projections of compound annual growth rates (CAGRs) through 2028
  • Discussion of the market’s drivers and challenges, technology updates, and government policies and regulations that will shape the market in the next few years
  • Estimate of the market size and revenue forecast for the global market, and a corresponding market share analysis by hardware, power consumption, end-use industry and region
  • A look at the growth strategies of leading players in the market, as shaped by recent developments, strategic alliances and competitive benchmarking
  • Insight into the sustainability trends and ESG developments in the global IoT chips market, with emphasis on consumer attitudes, analysis of companies’ ESG scores and the future of ESG, and the ESG practices of leading companies
  • Review of patents related to IoT chips and emerging technologies
  • A discussion of the industry structure, competitive aspects of each product segment, increasing investments in R&D, market development strategies and company value share analysis
  • An analysis of the competitive landscape based on recent developments and segmental revenues
  • Profiles of the major global players

Report Scope

The report provides an overview of the global IoT chips market size analysis and a detailed analysis of the market player’s products and strategies. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. Revenue forecasts for this period are segmented based on hardware, power consumption, end-use industry, and geography.

The report also focuses on the significant driving trends and challenges that affect the market and the vendor landscape. The report explains the current trends, post COVID-19 impact, and Russia-Ukraine war impact in the global IoT chips market. The report concludes with detailed profiles of the major players in the market.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $186.1 billion
Market size forecast $375.5 billion
Growth rate CAGR of 14.3% for the forecast period of 2023-2028
Units considered $ Billions
Segments covered Hardware, Power Consumption, End-use Industry
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Countries covered U.S., Canada, Mexico, U.K., Germany, France, Russia, Italy, Norway, Sweden, Finland, Poland, Denmark, Hungry, China, India, Japan, Australia, New Zealand, Taiwan, Indonesia, Thailand, Singapore, Latin America, Middle East, Africa
Key Market Drivers
  • Growing Demand for IoT-based Vehicles
  • Government Support, Funding and R&D Related to IoT
Companies studied
ANALOG DEVICES INC.BROADCOM
INFINEON TECHNOLOGIES AGINTEL CORP.
MEDIATEK INC.NORDIC SEMICONDUCTOR
NXP SEMICONDUCTORSQUALCOMM TECHNOLOGIES INC.
STMICROELECTRONICSTEXAS INSTRUMENTS INC.
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Frequently Asked Questions (FAQs)

The global market for IoT chips was projected to grow from $186.1 billion in 2022 to $375.5 billion in 2028, at a compound annual growth rate (CAGR) of 14.3% during the forecast period 2023-2028.
The key factors driving the growth of the IoT chips market include growing demand for IoT based vehicles, incorporation of government policies and initiatives towards smart city projects, and growing demand of connected wearable among customers.
Global IoT chips market is segmented based on hardware, power consumption, end-use industry, and region.
By the end of 2028, the consumer electronics segment will continue to dominate the global IoT chips market. The segment will show a dominating position till the end of 2028, owing to the growing usage of smart and multimedia devices, increasing utilization of tablets and smartphones, cloud computing development, and improvements in IoT security.
North America holds the highest market share in the global IoT chips market. United States and Canada are significant contributors to the global IoT chips market. Presence of major market players, strong technological infrastructures, and rising investments by the U.S. government for implementing IoT solutions in industrial applications are boosting the demand for market growth in the region.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

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Title/Chapter NamePagesMember Price
Full Report: Global IoT Chips Market69Free

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Global IoT Chips Market
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