IoT Chip Market forecast through 2030 for manufacturers, types, applications, and regions

IoT Chip Market Forecast to 2030

The global Internet of Things (IoT) chip market size reached USD 13.05 Billion in 2021 and is expected to register a revenue CAGR of 14.9% during the forecast period, according to the latest analysis by Emergen Research. Growing demand for wearables such as fitness trackers, gaming simulators, smart posture trainers, smart shoes, and Near-Field Communication (NFC) smart rings is driving global IoT chip market revenue growth.

The top competitors in the market, their goals for business expansion, and their development strategies are all closely examined in the IoT Chip Market report. The archive encourages businesspeople to look up information about potential customers and places where they might be located. The review, which only highlights the greatest sellers, can help entrepreneurs find potential customers and discover more about their local market.

An NFC ring embedded with network connectivity, sensors, and software enables individuals to share and exchange data. Features such as automatic running, program lock, business card sharing, and an intelligent door lock are present in NFC rings. Thus, NFC rings eliminate the need for carrying car keys, credit cards, and door keys. One can easily unlock their home’s door with the help of an NFC ring if the door has an NFC-enabled lock. In addition, NFC rings support metro ticketing, which is the next generation of metro fare collection systems, and ticketing is more user-friendly and hassle-free. It saves time for passengers when compared to traditional ticketing systems as it enables passengers to use mobile phones, bank cards, or NFC rings for contactless and cashless payments while traveling.

Fitness trackers are being widely adopted by individuals, which help them monitor their health and fitness. Those trackers are automatic wrist bands that help monitor heart rate, sleep level, calories, and activities throughout the day. These IoT wearable devices have significantly improved the lifestyle of individuals, leading to increased adoption. This trend is expected to continue during the forecast period.

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The global IoT Chip market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The IoT Chip industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

Samsung, Intel Corporation, Huawei Technologies Co. Ltd., STMicroelectronics, Microchip Technology Inc., Qualcomm Technologies Inc., NXP Semiconductors, Cypress Semiconductor Corporation, NVIDIA Corporation, and MediaTek Inc

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Some Key Highlights From the Report

Logic device segment accounted for largest revenue share in 2021. Revenue growth of this segment is attributed to increasing use of field-programmable gate arrays in wearable devices as it allows improved prototyping and reprogramming ability for debugging.
Consumer electronics segment revenue is expected to grow at a rapid rate over the forecast period due to rising demand for IoT-enabled wearables, including smartwatches. In addition, increasing adoption of smart appliances for home automation such as voice assistance, safety security, air water quality monitoring, lighting control, and locks is expected to drive revenue growth of this segment during the forecast period. In addition, IoT chips significantly improve security of smartphones.
Asia Pacific market accounted for largest revenue share in 2021. This can be attributed to rising adoption of IoT chips in smart city development and deployment in countries including China, Japan, Taiwan, and India. Besides, increasing application of IoT chip in process automation and manufacturing industry is expected to drive revenue growth during the forecast period.

Market Overview:

The report bifurcates the IoT Chip market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Product Outlook (Revenue, USD Million; 2019–2030)

Logic Device

Field-Programmable Gate Array

Memory Device

Dynamic Random-Access Memory
Static Random-Access Memory

Sensor

Heart Rate Sensor
Temperature Sensor
Pressure Sensor
Blood Glucose Sensor
Image Sensor
Flow Sensor
Blood Oxygen Sensor
Humidity Sensor
Ambient Light Sensor
Gas Sensor
Motion Position Sensor
Electrocardiogram Sensor
Inertial Measurement Unit
Accelerometer

Processor

Application Processor
Digital Signal Processor
Microcontroller

Connectivity IC

Wireless Fidelity (Wi-Fi)
Bluetooth
Bluetooth Low Energy
Zigbee
Ethernet
Ant+
Thread
Wireless Highway Addressable Remote Transducer
Near-Field Communication (NFC)
Global Navigation Satellite System Module

End-use Outlook (Revenue, USD Million; 2019–2030)

Aerospace Defense
Consumer Electronics
Banking, Financial Services and Insurance (BFSI)
Agriculture
Healthcare
Retail
Automotive
Building Automation
Oil Gas
Others

Regional Outlook (Revenue, USD Million; 2019–2030)

North America

U.S.
Canada
Mexico

Europe

Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Rest of APAC

Latin America

Brazil
Rest of LATAM

Middle East Africa

Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.

Regional Analysis Covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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