The global IoT chip market is poised to surpass US$ 4.4 billion by 2023, surging at a remarkable CAGR of 5.7% through 2033 to reach US$ 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) | US$ 4.4 billion |
IoT Chip Market Size (2033) | US$ 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.
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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.
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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:
The worldwide IoT Chip industry to reach US$ 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 US$ 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.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Hardware
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Hardware, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Hardware, 2023 to 2033
5.3.1. Processors
5.3.2. Connectivity Integrated Circuits (ICs)
5.3.3. Sensors
5.3.4. Memory devices
5.3.5. Logic devices
5.4. Y-o-Y Growth Trend Analysis By Hardware, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Hardware, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Consumption
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Consumption, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Consumption, 2023 to 2033
6.3.1. Less than 1 W
6.3.2. 1-3 W
6.3.3. 3-5 W
6.3.4. 5-10 W
6.3.5. More than 10 W
6.4. Y-o-Y Growth Trend Analysis By Power Consumption, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Power Consumption, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-use Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-use Application, 2023 to 2033
7.3.1. Wearable Devices
7.3.2. Healthcare
7.3.3. Consumer Electronics
7.3.4. Automotive & Transportation
7.3.5. Building Automation
7.3.6. Manufacturing
7.3.7. Retail
7.3.8. BFSI
7.3.9. Oil & Gas
7.3.10. Agriculture
7.3.11. Aerospace & Defense
7.4. Y-o-Y Growth Trend Analysis By End-use Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End-use Application, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. The USA
9.2.1.2. Canada
9.2.2. By Hardware
9.2.3. By Power Consumption
9.2.4. By End-use Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Hardware
9.3.3. By Power Consumption
9.3.4. By End-use Application
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Hardware
10.2.3. By Power Consumption
10.2.4. By End-use Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Hardware
10.3.3. By Power Consumption
10.3.4. By End-use Application
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Hardware
11.2.3. By Power Consumption
11.2.4. By End-use Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Hardware
11.3.3. By Power Consumption
11.3.4. By End-use Application
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Hardware
12.2.3. By Power Consumption
12.2.4. By End-use Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Hardware
12.3.3. By Power Consumption
12.3.4. By End-use Application
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Hardware
13.2.3. By Power Consumption
13.2.4. By End-use Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Hardware
13.3.3. By Power Consumption
13.3.4. By End-use Application
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Hardware
14.1.2.2. By Power Consumption
14.1.2.3. By End-use Application
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Hardware
14.2.2.2. By Power Consumption
14.2.2.3. By End-use Application
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Hardware
14.3.2.2. By Power Consumption
14.3.2.3. By End-use Application
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Hardware
14.4.2.2. By Power Consumption
14.4.2.3. By End-use Application
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Hardware
14.5.2.2. By Power Consumption
14.5.2.3. By End-use Application
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Hardware
14.6.2.2. By Power Consumption
14.6.2.3. By End-use Application
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Hardware
14.7.2.2. By Power Consumption
14.7.2.3. By End-use Application
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Hardware
14.8.2.2. By Power Consumption
14.8.2.3. By End-use Application
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Hardware
14.9.2.2. By Power Consumption
14.9.2.3. By End-use Application
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Hardware
14.10.2.2. By Power Consumption
14.10.2.3. By End-use Application
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Hardware
14.11.2.2. By Power Consumption
14.11.2.3. By End-use Application
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Hardware
14.12.2.2. By Power Consumption
14.12.2.3. By End-use Application
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Hardware
14.13.2.2. By Power Consumption
14.13.2.3. By End-use Application
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Hardware
14.14.2.2. By Power Consumption
14.14.2.3. By End-use Application
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Hardware
14.15.2.2. By Power Consumption
14.15.2.3. By End-use Application
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Hardware
14.16.2.2. By Power Consumption
14.16.2.3. By End-use Application
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Hardware
14.17.2.2. By Power Consumption
14.17.2.3. By End-use Application
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Hardware
14.18.2.2. By Power Consumption
14.18.2.3. By End-use Application
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Hardware
14.19.2.2. By Power Consumption
14.19.2.3. By End-use Application
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Hardware
14.20.2.2. By Power Consumption
14.20.2.3. By End-use Application
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Hardware
15.3.3. By Power Consumption
15.3.4. By End-use Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Intel Corporation
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Qualcomm Incorporated
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. STMicroelectronics
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Texas Instruments
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. MediaTek
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Microchip Technology
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Samsung Electronics
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Silicon Laboratories
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Nordic Semiconductor
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. NXP Semiconductors
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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