IoT Chip Market with COVID-19 Update by Intel Corporation, Texas Instruments Incorporated, Qualcomm Incorporated, NXP Semiconductors N.V, Media Tek Inc, Marvell Technology Group Ltd, Microchip Technology Inc, Cypress Semiconductor Corporation and Others.

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The Global IoT Chip Market is estimated to grow from USD 392.0 Billion in 2020 to USD 525.4 Billion by 2025, at a CAGR of 6.0%.

Top Key Players Profiled in the IoT Chip Market:
• Intel Corporation (US)
• Texas Instruments Incorporated (US)
• Qualcomm Incorporated (US)
• NXP Semiconductors N.V. (Netherlands)
• Media Tek Inc. (Taiwan)
• Marvell Technology Group Ltd. (Bermuda)
• Microchip Technology Inc. (US)
• Cypress Semiconductor Corporation (US)
• Renes as Electronics Corporation (Japan)
• Huawei Technologies Co. Ltd. (China)
• NVIDIA Corporation (US)
• Samsung Electronics (South Korea)
• Advanced Micro Devices (US)
• STMicro electronics N.V. (Switzerland)
• TE Connectivity Ltd (Switzerland)
• Nordic Semiconductor (Norway)
• GainSpan(US)
• Expressif Systems (China)
• Dialog Semiconductor (UK)
• Silicon Labs (US)

“Consumer electronics end-use application is expected to hold the largest market share during the forecast period”
The consumer electronics end-use application mainly comprises smart consumer appliances. With the evolution of consumer appliances that can connect to the Internet and smartphones, the growth of IoT technology in the consumer electronics segment is expected to receive a boost.

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“Aerospace & defense end-use application is projected to be the fastest-growing segment during the forecast period”
The demand for IoT chip is expected to significantly increase in aerospace & defense as IoT technology will provide increased insights through sensors data, thereby helping the government increase the overall efficiency, safety, and control of flights. This will lead to improved maintenance as performance data can be analyzed in real time, and ground crew and engineers can diagnose issues quickly and reduce downtime, thereby reducing cost.

“Devices with 1–3 W power consumption held the major share in the overall IoT chip market in 2019”
Few consumer electronic devices, industrial application devices, and healthcare application devices consume power in the range of 1–3 W. Some major devices with 1–3 W power consumption include fitness & heart rate monitors, blood pressure monitors, blood glucose meters, continuous glucose monitors, pulse oximeters, automated external defibrillators, programmable syringe pumps, wearable injectors, and multi-parameter monitors.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
• By Designation: Directors – 50%, Managers–20%, Vice Presidents– 25%, and Others – 5%
• By Region: North America – 40%, Europe – 35%, APAC – 15%, and RoW – 10%

Competitive Landscape of IoT Chip Market:
1 Overview
2 Market Evaluation Framework
3 Key Market Developments
3.1 Product Launches And Developments
3.2 Partnerships, Acquisitions, Collaborations, And Agreements

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Research Coverage:
This research report categorizes the global IoT chip market based on hardware, end-use application,power consumption,and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the IoT chip market and forecasts the market until 2025.

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