Press release
IoT Chip Market Status and Business Outlook 2020 to 2026
The IoT Chip Market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and new innovations.The IoT chip market is expected to register a CAGR of 13.5% during the forecast period 2020-2025.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global IoT Chip Market: Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., Analog Devices Inc., Intel Corporation among others.
Market Overview
The Internet & Television Association estimated that by 2020, the number of IoT connected devices is expected to reach 50.1 billion from 34.8 billion in 2018.The growth of the market can be majorly attributed to the Integration of connectivity in a large number of devices and applications along with the development of various networking protocols that have appreciably advanced the growth of the IoT chip market across various end-user industries. A majority of these new IoT inventions will be implemented with a single system on a chip (SoC) to provide high levels of integration and it also allows the devices to operate with high power efficiency and security as it packs processors (MCU), RF transceiver, memory, power management, connectivity, and sensors in a single unit.Moreover, Google is taking major steps in hardware and software optimization to bring its machine learning and analytics capabilities to the edge networks and even to the individual IoT devices. This is aimed to deal better with the data generated by increasing IoT devices, the company said at its Cloud Next technology conference.
Industry News:
APR 16, 2020: Qualcomm Technologies, Inc. today continues our legacy of leading wireless innovation by announcing a breakthrough new product to drive the growth of cellular IoT: the Qualcomm® 212 LTE IoT Modem, the world's most power-efficient single-mode NB2 (NB-IoT) chipset. Power efficiency is a top concern for IoT devices that have to last for years in the field. Requiring less than one micro-amp (1uA) of sleep current, the Qualcomm® 212 LTE IoT Modem's cutting-edge power-efficient chipset architecture allows for extremely low average power consumption.
Apr. 4, 2019: Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, today announced that its 5G communication solutions are in mass production for the latest premium mobile devices. The 5G multi-mode chipsets include the previously-introduced Exynos Modem 5100 as well as a new single-chip radio frequency transceiver, the Exynos RF 5500, and supply modulator solution, the Exynos SM 5800, all supporting 5G New Radio (5G-NR) sub-6-gigahertz (GHz) spectrum and legacy radio access technologies that provide mobile device manufacturers with optimum network communication solutions for the 5G era.
Scope of the Report
An IoT chip is a small electronic device embedded in objects, machines and electronic devices that connect to wireless networks and sends and receives data. Sometimes referred to as a "radio chip", the IoT chip contains the same technology and data circuits found in mobile phones but without a display or a keypad.
Key Market Trends
Consumer Electronics Segment is Expected to Expand With a Significant Rate
Currently, IoT is majorly adopted in home electronics, from entertainment to smart home control. Smart TV sets, washing machines, and home appliances are increasingly adopting IoT approaches and getting interconnected.Coupled with this, an increase in the demand for application-specific microcontroller units and flexible SoC type architecture are major factors boosting the growth of IoT chips in the consumer electronics segment.
Asia Pacific Occupies the Largest Market Share
The ongoing technological advancements in IoT creates a lot of demand for better wireless connectivity solutions to cater to the newer segments of automation and transportation, owing to the expanding trend of smart-cities and home automation in the region (such as intelligent transportation system and connected cars), which are likely to fuel the demand for connectivity ICs in the IoT chip market.Asia-Pacific region also accounts for a significant share of spending in IoT technology with South Korea and Singapore expected to be among the top global markets to adopt IoT chips. According to data from the Organization for Economic Co-operation and Development, South Korea is the first country in the world to have more things connected to the Internet per habitats, followed by Denmark and Switzerland.Further, Indias vision to transform 100 cities into smart cities is expected to create a huge demand for IoT devices in smart homes and automotive sector, which is also an important factor contributing to the growth of the market in this region.
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Significant Features that are under Offering and Key Highlights of the Reports:
o Detailed overview of IoT Chip Market
o Changing IoT Chip market dynamics of the industry
o In-depth market segmentation by Type, Application etc.
o Historical, current and projected IoT Chip market size in terms of volume and value
o Recent industry trends and developments
o Competitive landscape of IoT Chip Market
o Strategies of key players and product offerings
o Potential and niche segments/regions exhibiting promising growth.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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