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IoT Chip Market by Hardware, End-Use Application, and Geography - Global Forecast to 2022

IoT Chip Market: Global Forecast until 2022

  • January 2017
  • 212 pages
  • ID: 3623793
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"IoT chip market planned to grow at a compound annual growth rate (CAGR) of 13.2% during the forecast horizon"

The IoT chip market is anticipated to be valued at ~$14.8B by 2022, increasing at a compound annual growth rate (CAGR) of 13.20 percent from 2016 to 2022. The increase of the IoT chip market can be accredited to the increasing market of connected devices as well as growing investments in the IoT sector. Nevertheless, the lack of common communication protocols and communication standards across platforms and high power consumption by connected devices are hindering the rise of the IoT chip market.

"Connectivity ICs held the biggest share of the market in 2015"

Connectivity ICs held the most important share of the IoT chip market in 2015. The industry demand for connectivity ICs is anticipated to be mainly driven by the automotive and transportation market. The rising usage of IoT in automotive and transportation requires better wireless connectivity technologies to support new segments including connected cars and intelligent transportation systems, which will result in growing demand for connectivity ICs.

"IoT chip market for retail end-use application intended to grow at the maximal level rate from 2016 to 2022"

The IoT chip market for the retail end-use application is anticipated to rise at the highest compound annual growth rate (CAGR) from 2016 to 2022. The increasing penetration of IoT-related products and services including smart grocery, demand-aware warehouse, and connected consumer would complement the increase of IoT chips in retail applications.

"IoT chip market in Asia-Pacific forecasted to grow at the highest level rate during the outlook period"

This analysis includes the IoT chip market broken down on the basis of area into North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe. The North American area held the biggest share of the IoT chip market in 2015 due to the strategic initiatives taken by many big American technology companies and rised analysis and development in the field of IoT. The industry in Asia-Pac is anticipated to grow at the maximal rate from 2016 to 2022 due to the huge investments by the corporations for the development of IoT.

Breakdown of profiles of primary members taking part:

- By Company Type: Tier 1-55.0 percent, Tier 2-20.0 percent, and 1/3 3-25.0 percent

- By Designation: C-level executives-75% and Managers-25%

- By area: North America-10%, APAC-40%, Europe-20%, and RoW-30%

The firms that are profiled in this market report are Intel Corporation, Qualcomm Incorporated, NXP Semiconductors N.V, Texas Instruments Incorporated, STMicroelectronics N.V., MediaTek Inc., Microchip Technology Inc., Renesas Electronics Corporation, Huawei Technologies Co., Limited, NVIDIA Corporation, Cypress Semiconductor Corporation, Advanced Micro Devices, Incorporated, and Samsung Electronics Co., Limited.

Segment Research

The study depicts the IoT chip market and related developments in terms of hardware and end-use applications across different areas. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including hardware, end-use application, and area. Moreover, the analysis also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Why acquiring this study can help you:

- This business report includes the industry statistics pertaining to hardware, end-use application, and territory together with their respective revenue.

- Porter's five forces framework has been provided along with the value chain study to offer an insight into the IoT chip market.

- The main drivers, market restraints, alternatives, and opportunities for the IoT chip market have been precised in this industry report.

- Figures of segmentation, study, and estimate established on hardware, end-use application, and area have been provided to give an global view of the IoT chip market.

- An exhaustive competitive analysis has been provided including top players, complete study, and revenue of main actors.

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