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IoT Chip Market Will Reach USD 45.55 Billion By 2030 With A CAGR of 14.9%- By Emergen Research

IoT Chip Market

According to the most recent report by Emergent Research, the worldwide Internet of Things (IoT) chip market size reached USD 13.05 billion in 2021 and is anticipated to see a revenue CAGR of 14.9% over the projected period. Global IoT chip market revenue growth is being fueled by rising consumer demand for wearables like fitness trackers, gaming simulators, smart posture trainers, smart shoes, and Near-Field Communication (NFC) smart rings.

IoT is a technology for wirelessly tethering physical objects to a location. These gadgets include sensors, software, and other technologies that facilitate wireless data transmission and reception. IoT chips are therefore tiny electronic components that are integrated into a variety of items, machines, and other gadgets. It is a crucial component of the entire IoT mechanism, and its absence will render the entire system useless. IoT has opened up a world of possibilities for both individuals and businesses.

The market for IoT chips is expanding as a result of increasing digitization. Numerous sectors’ increasing need for automated processes is fueling the expansion of the IoT chip industry. IoT technology usage has increased as a result of the automotive industry’s growth and expansion. This has in turn increased the market value of IoT chips. Others driving the market’s expansion include several cross-domain partnerships and greater government spending on the technology. Another indirect growth determinant is the growing population combined with rising internet usage, particularly in emerging nations.

Some Key Highlights From the Report

  • The biggest revenue share in 2021 was accounted for by the logic device segment. Field-programmable gate arrays are being used more frequently in wearable technology due to their increased prototyping and reprogramming capabilities for debugging, which is credited with the segment’s revenue rise
  • Because of the increasing demand for wearables with IoT capabilities, such as smartwatches, the consumer electronics segment’s revenue is anticipated to increase quickly throughout the projection period. Additionally, during the projection period, this segment’s revenue is anticipated to expand as smart appliances for home automation such as voice assistance, safety & security, air & water quality monitoring, lighting control, and locks become more widely adopted. IoT chips also greatly enhance the security of cell phones.
  • In 2021, the Asia Pacific region accounted for the biggest revenue share. This is attributable to the growing use of IoT chips in the deployment and development of smart cities in nations like China, Japan, Taiwan, and India. Additionally, the growing use of IoT chips in the manufacturing and process automation sectors is anticipated to fuel revenue growth during the forecast period.
  • Samsung, Intel Corporation, Huawei Technologies Co. Ltd., STMicroelectronics, Microchip Technology Inc., Qualcomm Technologies Inc., NXP Semiconductors, Cypress Semiconductor Corporation, NVIDIA Corporation, and MediaTek Inc. are a few of the key firms mentioned in the global market study.

Emergen Research has segmented the global IoT chip market based on product, end-use, and region:

  • Product Outlook (Revenue, USD Million; 2019–2030)
    • Logic Device
      1. Field-Programmable Gate Array
    • Memory Device
      1. Dynamic Random-Access Memory
      2. Static Random-Access Memory
    • Sensor
      1. Heart Rate Sensor
      2. Temperature Sensor
      3. Pressure Sensor
      4. Blood Glucose Sensor
      5. Image Sensor
      6. Flow Sensor
      7. Blood Oxygen Sensor
      8. Humidity Sensor
      9. Ambient Light Sensor
      10. Gas Sensor
      11. Motion & Position Sensor
      12. Electrocardiogram Sensor
      13. Inertial Measurement Unit
      14. Accelerometer
    • Processor
      1. Application Processor
      2. Digital Signal Processor
      3. Microcontroller
    • Connectivity IC
      1. Wireless Fidelity (Wi-Fi)
      2. Bluetooth
      3. Zigbee
      4. Ethernet
      5. Ant+
      6. Thread
      7. Wireless Highway Addressable Remote Transducer
      8. Near-Field Communication (NFC)
      9. 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
      1. the U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. the U.K.
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

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