Global IoT Chip Market Forecast to 2030

The most current market research report from Emergen Research, which focuses on the global IoT Chip Market, provides in-depth analysis of each of the market's major segments. The research on the global IoT Chip Market include information on market size, revenue growth rate, industry data, revenue splits by regional markets, gross margins, production costs, and product portfolios. The report also highlights a number of other micro- and macroeconomic factors, including the most important drivers, opportunities, trends, difficulties, supply and demand ratios, production and consumption patterns, stringent regulatory frameworks, and a wide range of other factors.

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 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.

Data sharing and exchange are made possible by NFC rings that have network connectivity, sensors, and software integrated into them. NFC rings have functions including automatic running, programme lock, business card share, and intelligent door lock. NFC rings make it unnecessary to carry door keys, credit cards, and auto keys. If the door has an NFC-enabled lock, one can quickly unlock it with the aid of an NFC ring. Additionally, NFC rings support metro ticketing, which is the next-generation mechanism for collecting metro fares and is easier to use. Using mobile phones, bank cards, or NFC rings for contactless and cashless payments while travelling saves travellers time when compared to traditional ticketing methods.

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 as well as track calories and activities throughout the day. These IoT wearable devices have significantly improved lifestyle of individuals, leading to increasing adoption. This trend is expected to continue during the forecast period.

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Competitive Terrain:

The global IoT Chip industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed 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

Research Report on the IoT Chip Market Addresses the Following Key Questions:

• Who are the dominant players of the IoT Chip market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the IoT Chip market?
• What are the key growth drivers and restraining factors of the IoT Chip market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the IoT Chip market and its key segments?

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
1. Field-Programmable Gate Array
• Memory Device
1. Dynamic Random-Access Memory
2. Static Random-Access Memory
• Sensor
1. Heart Rate Sensor
2. Temperature Sensor
3. Pressure Sensor
4. Blood Glucose Sensor
5. Image Sensor
6. Flow Sensor
7. Blood Oxygen Sensor
8. Humidity Sensor
9. Ambient Light Sensor
10. Gas Sensor
11. Motion & Position Sensor
12. Electrocardiogram Sensor
13. Inertial Measurement Unit
14. Accelerometer
• Processor
1. Application Processor
2. Digital Signal Processor
3. Microcontroller
• Connectivity IC
1. Wireless Fidelity (Wi-Fi)
2. Bluetooth
3. Bluetooth Low Energy
4. Zigbee
5. Ethernet
6. Ant+
7. Thread
8. Wireless Highway Addressable Remote Transducer
9. Near-Field Communication (NFC)
10. 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
1. U.S.
2. Canada
3. Mexico
• Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
• Asia-Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
• Latin America
1. Brazil
2. Rest of LATAM
• Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

Regional Landscape section of the IoT Chip report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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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.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the IoT Chip market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

• Data and information related to the consumption rate in each region
• Estimated increase in the consumption rate
• Proposed growth of the market share of each region
• Geographical contribution to market revenue
• Expected growth rate of the regional markets

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