The global IoT chip market is poised to surpass USD 4.4 billion by 2023, surging at a remarkable CAGR of 5.7% through 2033 to reach USD 7.69 billion.
The rise in internet connection in technologically advanced nations, as well as the emergence of low-cost smart wireless sensor networks, are projected to facilitate the growth of the IoT chip industry significantly.
The implementation of IPv6, which gives additional IP address space, and technologies such as AI boosting IoT adoption are likely to drive the market for IoT chips even further.
Attributes | Details |
---|---|
IoT Chip Market CAGR (2023 to 2033) | 5.7% |
IoT Chip Market Size (2023) | USD 4.4 billion |
IoT Chip Market Size (2033) | USD 7.69 billion |
The IoT chip market has witnessed significant growth, fueled by the proliferation of IoT devices and advancements in connectivity technologies.
Rising demand for edge computing and increased focus on data security further contribute to the market size expansion.
Due to the existence of well-established economies in this region, the North American region was predicted to hold the dominant share of 32.5% in 2022 in the global market. This allows them to invest much in research and development.
The growing acceptance of various smart connected devices and rapid digitalization throughout the IoT industry's verticals, and advancements in technological sectors have boosted the IoT industry's growing demand in the North American region.
As per FMI, the market for IoT chips in the United States garnered a 20.3% value share in 2022 on a global level, driven by the widespread adoption of IoT devices across various industries.
The country is home to several prominent players in the semiconductor industry, which fuels technological advancements and innovation in IoT chip design and manufacturing. The United States of America's strong focus on research and development further propels the growth of the IoT chip market.
European countries have been actively promoting IoT adoption through supportive policies and initiatives. Government investments in research and development, along with funding programs and collaborations with industry stakeholders, are fostering the growth of the IoT chip industry in Europe.
Following the FMI study, the market for IoT chips in Europe was projected to amass a revenue of 23.4% in 2022.
The United Kingdom is likely to secure the prominent CAGR of 5.9% from 2023 to 2033 owing to the rapid developments of IOTs in this country, auguring well for the European regions, and is expected to witness significant growth.
The region's growing population, rising research and development investments, and international and domestic IT businesses increased focus on the growth of big data analytics and cloud-based services may boost the market's growth.
Countries | Value CAGR (2023 to 2033) |
---|---|
United Kingdom | 5.9% |
China | 6.2% |
India | 6.5% |
Sensors are the leading segment in the market by hardware due to their crucial role in data collection and sensing capabilities. They enable the IoT ecosystem to gather real-time information from the physical world, making them integral to various IoT applications.
The versatility of sensors is another key factor driving their prominence in the IoT chip industry. They find applications across diverse industries and use cases, contributing to the sub-segments' value share of 39.2% in 2022.
In healthcare, sensors are used for remote patient monitoring, wearable devices, and health tracking. In manufacturing, sensors enable predictive maintenance, quality control, and process optimization.
The wide-ranging applications of sensors make them indispensable components in the IoT ecosystem, leading to their status as the leading segment in the market of IoT chips by hardware.
The manufacturing industry extensively utilizes IoT technologies to enable automation and optimize operational processes. IoT chips play a vital role in connecting and controlling various devices and machines in manufacturing environments.
IoT chips facilitate the integration and connectivity of devices along the supply chain, enabling better visibility, tracking, and management of inventory, logistics, and distribution processes. This connectivity helps manufacturers streamline operations, improve inventory management, reduce delays, and enhance overall supply chain efficiency.
Owing to the above-mentioned factors, manufacturing was predicted to capture a value share of 14.8% in 2022 on a global level.
Numerous companies, ranging from established semiconductor giants to specialized IoT chip manufacturers, compete to gain market share and establish their presence in this rapidly evolving industry.
The market is characterized by continuous advancements in technology, increasing demand for diverse IoT applications, and evolving customer requirements. These factors drive intense competition as companies strive to develop cutting-edge IoT chip solutions that offer improved performance, power efficiency, connectivity, and security features.
The global market was led by Intel Corporation. The corporation is perfectly positioned to power the cloud as well as various smart and connected computing devices. Intel provides computing, networking, and communication platforms to a diverse range of clients, including OEMs, ODMs, cloud and communication service providers, and makers of industrial, communications, and automotive equipment.
Client Computing Group (CCG), Data Center Group (DCG), Non-volatile Memory Solutions Group (NVMS), Internet of Things Group (IoTG), Programmable Solutions, and others are the company's six operational segments.
The IoTG business sector creates high-performance computing (HPC) solutions for certain verticals and embedded markets. It focuses on industries such as retail, manufacturing, and smart cities/infrastructure.
Recent Developments:
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Hardware, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Hardware, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Power Consumption, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Power Consumption, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by End-use Application, 2018 to 2033
Table 8: Global Market Volume (Units) Forecast by End-use Application, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Hardware, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Hardware, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Power Consumption, 2018 to 2033
Table 14: North America Market Volume (Units) Forecast by Power Consumption, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by End-use Application, 2018 to 2033
Table 16: North America Market Volume (Units) Forecast by End-use Application, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 19: Latin America Market Value (US$ Million) Forecast by Hardware, 2018 to 2033
Table 20: Latin America Market Volume (Units) Forecast by Hardware, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Power Consumption, 2018 to 2033
Table 22: Latin America Market Volume (Units) Forecast by Power Consumption, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by End-use Application, 2018 to 2033
Table 24: Latin America Market Volume (Units) Forecast by End-use Application, 2018 to 2033
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Europe Market Value (US$ Million) Forecast by Hardware, 2018 to 2033
Table 28: Europe Market Volume (Units) Forecast by Hardware, 2018 to 2033
Table 29: Europe Market Value (US$ Million) Forecast by Power Consumption, 2018 to 2033
Table 30: Europe Market Volume (Units) Forecast by Power Consumption, 2018 to 2033
Table 31: Europe Market Value (US$ Million) Forecast by End-use Application, 2018 to 2033
Table 32: Europe Market Volume (Units) Forecast by End-use Application, 2018 to 2033
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Hardware, 2018 to 2033
Table 36: Asia Pacific Market Volume (Units) Forecast by Hardware, 2018 to 2033
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Power Consumption, 2018 to 2033
Table 38: Asia Pacific Market Volume (Units) Forecast by Power Consumption, 2018 to 2033
Table 39: Asia Pacific Market Value (US$ Million) Forecast by End-use Application, 2018 to 2033
Table 40: Asia Pacific Market Volume (Units) Forecast by End-use Application, 2018 to 2033
Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Hardware, 2018 to 2033
Table 44: MEA Market Volume (Units) Forecast by Hardware, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Power Consumption, 2018 to 2033
Table 46: MEA Market Volume (Units) Forecast by Power Consumption, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by End-use Application, 2018 to 2033
Table 48: MEA Market Volume (Units) Forecast by End-use Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Hardware, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Power Consumption, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by End-use Application, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Global Market Value (US$ Million) Analysis by Hardware, 2018 to 2033
Figure 10: Global Market Volume (Units) Analysis by Hardware, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Hardware, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Hardware, 2023 to 2033
Figure 13: Global Market Value (US$ Million) Analysis by Power Consumption, 2018 to 2033
Figure 14: Global Market Volume (Units) Analysis by Power Consumption, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Power Consumption, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Power Consumption, 2023 to 2033
Figure 17: Global Market Value (US$ Million) Analysis by End-use Application, 2018 to 2033
Figure 18: Global Market Volume (Units) Analysis by End-use Application, 2018 to 2033
Figure 19: Global Market Value Share (%) and BPS Analysis by End-use Application, 2023 to 2033
Figure 20: Global Market Y-o-Y Growth (%) Projections by End-use Application, 2023 to 2033
Figure 21: Global Market Attractiveness by Hardware, 2023 to 2033
Figure 22: Global Market Attractiveness by Power Consumption, 2023 to 2033
Figure 23: Global Market Attractiveness by End-use Application, 2023 to 2033
Figure 24: Global Market Attractiveness by Region, 2023 to 2033
Figure 25: North America Market Value (US$ Million) by Hardware, 2023 to 2033
Figure 26: North America Market Value (US$ Million) by Power Consumption, 2023 to 2033
Figure 27: North America Market Value (US$ Million) by End-use Application, 2023 to 2033
Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 33: North America Market Value (US$ Million) Analysis by Hardware, 2018 to 2033
Figure 34: North America Market Volume (Units) Analysis by Hardware, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Hardware, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Hardware, 2023 to 2033
Figure 37: North America Market Value (US$ Million) Analysis by Power Consumption, 2018 to 2033
Figure 38: North America Market Volume (Units) Analysis by Power Consumption, 2018 to 2033
Figure 39: North America Market Value Share (%) and BPS Analysis by Power Consumption, 2023 to 2033
Figure 40: North America Market Y-o-Y Growth (%) Projections by Power Consumption, 2023 to 2033
Figure 41: North America Market Value (US$ Million) Analysis by End-use Application, 2018 to 2033
Figure 42: North America Market Volume (Units) Analysis by End-use Application, 2018 to 2033
Figure 43: North America Market Value Share (%) and BPS Analysis by End-use Application, 2023 to 2033
Figure 44: North America Market Y-o-Y Growth (%) Projections by End-use Application, 2023 to 2033
Figure 45: North America Market Attractiveness by Hardware, 2023 to 2033
Figure 46: North America Market Attractiveness by Power Consumption, 2023 to 2033
Figure 47: North America Market Attractiveness by End-use Application, 2023 to 2033
Figure 48: North America Market Attractiveness by Country, 2023 to 2033
Figure 49: Latin America Market Value (US$ Million) by Hardware, 2023 to 2033
Figure 50: Latin America Market Value (US$ Million) by Power Consumption, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) by End-use Application, 2023 to 2033
Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 57: Latin America Market Value (US$ Million) Analysis by Hardware, 2018 to 2033
Figure 58: Latin America Market Volume (Units) Analysis by Hardware, 2018 to 2033
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Hardware, 2023 to 2033
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Hardware, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) Analysis by Power Consumption, 2018 to 2033
Figure 62: Latin America Market Volume (Units) Analysis by Power Consumption, 2018 to 2033
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Power Consumption, 2023 to 2033
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Power Consumption, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) Analysis by End-use Application, 2018 to 2033
Figure 66: Latin America Market Volume (Units) Analysis by End-use Application, 2018 to 2033
Figure 67: Latin America Market Value Share (%) and BPS Analysis by End-use Application, 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End-use Application, 2023 to 2033
Figure 69: Latin America Market Attractiveness by Hardware, 2023 to 2033
Figure 70: Latin America Market Attractiveness by Power Consumption, 2023 to 2033
Figure 71: Latin America Market Attractiveness by End-use Application, 2023 to 2033
Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 73: Europe Market Value (US$ Million) by Hardware, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) by Power Consumption, 2023 to 2033
Figure 75: Europe Market Value (US$ Million) by End-use Application, 2023 to 2033
Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 81: Europe Market Value (US$ Million) Analysis by Hardware, 2018 to 2033
Figure 82: Europe Market Volume (Units) Analysis by Hardware, 2018 to 2033
Figure 83: Europe Market Value Share (%) and BPS Analysis by Hardware, 2023 to 2033
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Hardware, 2023 to 2033
Figure 85: Europe Market Value (US$ Million) Analysis by Power Consumption, 2018 to 2033
Figure 86: Europe Market Volume (Units) Analysis by Power Consumption, 2018 to 2033
Figure 87: Europe Market Value Share (%) and BPS Analysis by Power Consumption, 2023 to 2033
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Power Consumption, 2023 to 2033
Figure 89: Europe Market Value (US$ Million) Analysis by End-use Application, 2018 to 2033
Figure 90: Europe Market Volume (Units) Analysis by End-use Application, 2018 to 2033
Figure 91: Europe Market Value Share (%) and BPS Analysis by End-use Application, 2023 to 2033
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End-use Application, 2023 to 2033
Figure 93: Europe Market Attractiveness by Hardware, 2023 to 2033
Figure 94: Europe Market Attractiveness by Power Consumption, 2023 to 2033
Figure 95: Europe Market Attractiveness by End-use Application, 2023 to 2033
Figure 96: Europe Market Attractiveness by Country, 2023 to 2033
Figure 97: Asia Pacific Market Value (US$ Million) by Hardware, 2023 to 2033
Figure 98: Asia Pacific Market Value (US$ Million) by Power Consumption, 2023 to 2033
Figure 99: Asia Pacific Market Value (US$ Million) by End-use Application, 2023 to 2033
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Hardware, 2018 to 2033
Figure 106: Asia Pacific Market Volume (Units) Analysis by Hardware, 2018 to 2033
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Hardware, 2023 to 2033
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Hardware, 2023 to 2033
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Power Consumption, 2018 to 2033
Figure 110: Asia Pacific Market Volume (Units) Analysis by Power Consumption, 2018 to 2033
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Power Consumption, 2023 to 2033
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Power Consumption, 2023 to 2033
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by End-use Application, 2018 to 2033
Figure 114: Asia Pacific Market Volume (Units) Analysis by End-use Application, 2018 to 2033
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by End-use Application, 2023 to 2033
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by End-use Application, 2023 to 2033
Figure 117: Asia Pacific Market Attractiveness by Hardware, 2023 to 2033
Figure 118: Asia Pacific Market Attractiveness by Power Consumption, 2023 to 2033
Figure 119: Asia Pacific Market Attractiveness by End-use Application, 2023 to 2033
Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: MEA Market Value (US$ Million) by Hardware, 2023 to 2033
Figure 122: MEA Market Value (US$ Million) by Power Consumption, 2023 to 2033
Figure 123: MEA Market Value (US$ Million) by End-use Application, 2023 to 2033
Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) Analysis by Hardware, 2018 to 2033
Figure 130: MEA Market Volume (Units) Analysis by Hardware, 2018 to 2033
Figure 131: MEA Market Value Share (%) and BPS Analysis by Hardware, 2023 to 2033
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Hardware, 2023 to 2033
Figure 133: MEA Market Value (US$ Million) Analysis by Power Consumption, 2018 to 2033
Figure 134: MEA Market Volume (Units) Analysis by Power Consumption, 2018 to 2033
Figure 135: MEA Market Value Share (%) and BPS Analysis by Power Consumption, 2023 to 2033
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Power Consumption, 2023 to 2033
Figure 137: MEA Market Value (US$ Million) Analysis by End-use Application, 2018 to 2033
Figure 138: MEA Market Volume (Units) Analysis by End-use Application, 2018 to 2033
Figure 139: MEA Market Value Share (%) and BPS Analysis by End-use Application, 2023 to 2033
Figure 140: MEA Market Y-o-Y Growth (%) Projections by End-use Application, 2023 to 2033
Figure 141: MEA Market Attractiveness by Hardware, 2023 to 2033
Figure 142: MEA Market Attractiveness by Power Consumption, 2023 to 2033
Figure 143: MEA Market Attractiveness by End-use Application, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
The worldwide IoT Chip industry to reach USD 4.4 billion in 2023.
Intel Corporation, Texas Instruments Incorporated, and Qualcomm Incorporated are the leading market players.
The worldwide-IoT Chip industry is likely to reach USD 7.69 billion by 2033.
Rise of affordable intelligent wireless sensor networks will drive industry sales.
The manufacturing segment is expected to remain preferred through 2033.
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