Global IoT Chip
Market Report
2024
The global IoT Chip market size is USD 589.2 billion in 2024. The IoT Chip market will show the strongest growth with a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. This growth can be attributed to the proliferation of IoT devices.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of IoT Chip Market Report 2024.
According to Cognitive Market Research, the global IoT Chip market size will be USD 589.2 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global IoT Chip Market Sales Revenue 2024 | $ 589.2 Billion |
Global IoT Chip Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.3% |
Market Drivers:
| |
Market Restrains:
|
Market Split by Product |
|
Market Split by End User |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of IoT Chip industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
IoT Chip Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The IoT Chip market is pivotal in the expansion of the Internet of Things (IoT), providing the essential hardware that powers connected devices across various industries. IoT chips, including microcontrollers, sensors, connectivity ICs, and memory devices, enable smart functionality and communication between devices in applications ranging from smart homes and industrial automation to healthcare and transportation. These chips facilitate data collection, processing, and transmission, driving the development of intelligent systems and services. However, the market faces challenges such as high development and manufacturing costs, along with significant security concerns due to potential vulnerabilities in connected devices. Despite these hurdles, the IoT Chip market is experiencing robust growth, propelled by advancements in semiconductor technology, increasing demand for smart devices, and the ongoing digital transformation across industries. As innovations continue to enhance the efficiency, security, and affordability of IoT chips, the market is poised for sustained expansion, supporting the proliferation of IoT ecosystems worldwide.
We have various report editions of IoT Chip Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In May 2022, Cyient partnered with IIT Hyderabad, India (IITH) and WiSig Networks, a start-up company founded in IITH, to launch India's first designed and engineered chip, Koala NB-IoT SoC (Narrowband IoT SoC). The Memorandum of Understanding (MOU) signed between the two aligns with the goals of MEITY (Ministry of Electronics and Information Technology, India) to build a vibrant semiconductor design and innovation ecosystem to serve the Indian world and further promote its development into a global electronics manufacturing and design hub. (Source:https://www.cyient.com/prlisting/press/first-5g-iot-chip-combining-design-in-india-and-make-in-india-capabilities-by-cyient-iit-h-and-wisig-networks#:~:text=Hyderabad%2C%20India%2C%20May%202%2C,System%2Don%2DChip).)
Top Companies Market Share in IoT Chip Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to its advanced technological infrastructure, strong presence of leading semiconductor companies, and significant investment in IoT research and development. The region's early adoption of IoT technologies across various industries further bolsters its leadership in the IoT Chip market.
Asia-Pacific stands out as the fastest-growing region in the IoT Chip market due to its robust manufacturing base, rapid adoption of smart technologies, and substantial investments in IoT infrastructure. The region's strong presence of leading semiconductor companies and government initiatives supporting digital transformation further accelerate market growth.
The current report Scope analyzes IoT Chip Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global IoT Chip Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing IoT Chip Industry growth. IoT Chip market has been segmented with the help of its Product, End User , and others. IoT Chip market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, processor is the dominant category due to their critical role in enabling device functionality, data processing, and execution of complex algorithms. As the central unit of IoT devices, processors handle tasks such as data collection, analysis, and communication, ensuring efficient operation and smart capabilities. With the growing demand for advanced IoT applications, the need for powerful, energy-efficient processors increases, solidifying their dominance. Innovations in low-power and high-performance processor technologies further drive their market leadership in IoT applications. .
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of IoT Chip Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of IoT Chip from 2019 to 2031. This will also help to analyze the demand for IoT Chip across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key End User of IoT Chip are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modeling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product positioning and will assist you to understand opportunities and threats around the globe.
The Global IoT Chip Market is witnessing significant growth in the near future.
In 2023, the Processor segment accounted for noticeable share of global IoT Chip Market and is projected to experience significant growth in the near future.
The Healthcare segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Microchip Technology Inc. , Analog Devices Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Processor, Sensor, Connectivity IC, Memory Device, logic Device |
End User | Healthcare, Consumer Electronics, Industrial, Automotive, BFSI, Retail, Building Automation |
List of Competitors | Microchip Technology Inc., NXP Semiconductors NV, Analog Devices Inc., Infineon Technologies AG, Samsung Electronics Co. Ltd, Intel Corporation, Texas Instruments Incorporated, STMicroelectronics NV., MediaTek Inc., Qualcomm Technologies Inc |
This chapter will help you gain GLOBAL Market Analysis of IoT Chip. Further deep in this chapter, you will be able to review Global IoT Chip Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global IoT Chip market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Processor have a significant impact on IoT Chip market? |
What are the key factors affecting the Processor and Sensor of IoT Chip Market? |
What is the CAGR/Growth Rate of Healthcare during the forecast period? |
By type, which segment accounted for largest share of the global IoT Chip Market? |
Which region is expected to dominate the global IoT Chip Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
IoT Chip Market
Request Sample