Shibuya-ku, Tokyo, Japan, Japan, Mar 10, 2021, 10:00 /Comserve / -- The IoT chip market is expected to be valued at USD 14.81 billion by 2022, growing at a CAGR of 13.2% from 2016 to 2022.
The growth of the IoT chip market can be attributed to the growing market of connected devices as well as increasing investments in the IoT industry. However, the lack of common communication protocols and communication standards across platforms and high power consumption by connected devices are hindering the growth of the IoT chip market.
The companies that are profiled in this report are Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), NXP Semiconductors N.V (Netherlands), Texas Instruments Incorporated (U.S.), STMicroelectronics N.V. (Switzerland), MediaTek Inc. (Taiwan), Microchip Technology Inc. (U.S.), Renesas Electronics Corporation (Japan), Huawei Technologies Co., Ltd. (China), NVIDIA Corporation (U.S.), Cypress Semiconductor Corporation (U.S.), Advanced Micro Devices, Inc. (U.S.), and Samsung Electronics Co., Ltd. (South Korea).
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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
"Connectivity ICs held the largest share of the market in 2015”
Connectivity ICs held the largest share of the IoT chip market in 2015. The demand for connectivity ICs is expected to be majorly driven by the automotive and transportation sector. The increasing usage of IoT in automotive and transportation requires better wireless connectivity technologies to support new segments such as connected cars and intelligent transportation systems (ITS), which will result in increasing demand for connectivity ICs.
“IoT chip market for retail end-use application expected to grow at the highest rate from 2016 to 2022”
The IoT chip market for the retail end-use application is expected to grow at the highest CAGR from 2016 to 2022. The growing penetration of IoT-related products and services such as smart grocery, demand-aware warehouse, and connected consumer would complement the growth of IoT chips in retail applications.
“IoT chip market in APAC expected to grow at the highest rate during the forecast period”
This report covers the IoT chip market segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the World. The North American region held the largest share of the IoT chip market in 2015 owing to the strategic initiatives taken by many large American technology firms and increased research and development in the field of IoT. The market in APAC is expected to grow at the highest rate from 2016 to 2022 owing to the huge investments by the companies for the development of IoT.
Breakdown of profiles of primary participants:
Research Coverage:
The report describes the IoT chip market and related developments in terms of hardware and end-use applications across different regions. It aims at estimating the market size and future growth potential of this market across different segments such as hardware, end-use application, and geography. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
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TABLE OF CONTENTS
1 INTRODUCTION 19
1.1 STUDY OBJECTIVES 19
1.2 MARKET DEFINITION 19
1.3 STUDY SCOPE 19
1.3.1 MARKETS COVERED 20
1.3.2 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY 21
1.5 LIMITATIONS 21
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 INTRODUCTION 22
2.1.1 SECONDARY DATA 23
2.1.1.1 Key data from secondary sources 23
2.1.2 PRIMARY DATA 24
2.1.2.1 Key data from primary sources 24
2.1.2.2 Key industry insights 25
2.1.2.3 Breakdown of primaries 25
2.2 DEMAND-SIDE ANALYSIS FOR THE IOT CHIP MARKET 26
2.2.1 DEMAND-SIDE ANALYSIS 26
2.2.1.1 Chip demand driven by Internet of Things (IoT) 26
2.2.2 SUPPLY-SIDE ANALYSIS 26
2.3 MARKET SIZE ESTIMATION 27
2.3.1 BOTTOM-UP APPROACH 27
2.3.2 TOP-DOWN APPROACH 28
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 29
2.5 RESEARCH ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE OPPORTUNITIES IN THE IOT CHIP MARKET 35
4.2 IOT CHIP MARKET, BY END-USE APPLICATION AND COUNTRY 36
4.3 LIFE CYCLE ANALYSIS, BY REGION 37
4.4 IOT CHIP MARKET, BY GEOGRAPHY 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 40
5.2 MARKET SEGMENTATION 40
5.2.1 BY HARDWARE 40
5.2.2 BY END-USE APPLICATION 41
5.2.3 BY GEOGRAPHY 42
5.3 MARKET EVOLUTION OF INTERNET OF THINGS 42
5.4 MARKET DYNAMICS 44
5.4.1 DRIVERS 45
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