IoT Semiconductor Market Expansion Continues, with Forecast Valuation of $1057.27 Billion by 2029

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IoT Semiconductor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the IoT semiconductor market has been expanding at a fast pace in recent years. Forecasts suggest an increase from $513.7 billion in 2024 to $589.7 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.8%. The historical growth can primarily be accredited to the escalating demand for IoT devices, an upsurge in the necessity for connected and smart gadgets, expanding preference for smart home and city solutions, the growing popularity of consumer applications of IoT, and a rise in disposable income.

IoT Semiconductor Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the iot semiconductor market is projected to accelerate in growth and reach a valuation of $1057.27 billion by 2029, reflecting a compound annual growth rate (CAGR) of 15.7%. Factors contributing to this impending growth, during the forecast period, include an increase in requirement for energy-efficient semiconductor solutions, a surge in demand for low-powered devices, the extensive implementation of edge computing, and an uptick in the deployment of edge devices that require special semiconductor components. The expansion of interconnected devices also adds to these factors. Key trends to observe over the forecast period encompass advancements in wireless communication technologies and low-power semiconductors, the assimilation of IoT technology, technological upgrades, as well as the integration of artificial intelligence and machine learning.

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What Are the Drivers Transforming the IoT Semiconductor Market?
As connected device usage continues to rise, the IoT semiconductor market is anticipated to experience significant growth. These technological devices can exchange and communicate data with other machines or networks, either locally or via the internet, typically providing services like remote control, automation, and surveillance. This amplified demand is credited to factors like tech advancements, increased internet connectivity, and a rising necessity for automation, convenience, and real-time data availability in many industries. IoT semiconductors facilitate these connections by supplying the crucial hardware elements, such as sensors, processors, and communication modules. They enable smooth data transmission and connectivity, reinforcing the importance of connected devices. Auxano Global Services, a U.S. non-government organization, reported in June 2023 that global connected wearable device usage had jumped from 929 million in 2021 to surpass 1.1 billion in 2022. Consequently, the swelling demand for these devices is propelling the IoT semiconductor market growth.

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Which Fast-Growing Trends Are Poised to Disrupt the IoT Semiconductor Market?
Major firms in the IoT semiconductor industry are striving to create state-of-the-art solutions like cellular IoT chips for improved connectivity, low power usage, and to support new IoT applications in various sectors. Cellular IoT chips serve as unique semiconductor elements that permit IoT gadgets to establish connections and exchange information over 4G or 5G cellular networks. For example, Sequans Communications S.A., a company based in France, released two innovative chips, titled Calliope 3 and Monarch 3, in March 2025. These chips amalgamate 5G eRedCap technology with LTE solutions, optimizing connectivity, power efficiency, and cost-effectiveness. Calliope 3 is designated for applications like fleet management and wearables, while Monarch 3 specifically caters to extreme low-power IoT necessities such as smart metering and healthcare.

Which Segments in the IoT Semiconductor Market Offer the Most Profit Potential?
The iot semiconductor market covered in this report is segmented -

1) By Type: Internet Of Things Sensors, Internet Of Things Processors, Internet Of Things Chips, Other Types
2) By Product: Connectivity Integrated Circuits (ICs), Logic Devices, Memory Devices, Processors, Other Products
3) By End-User: Banking, Financial Services, And Insurance, Healthcare, Retail, Manufacturing, Information Technology And Telecommunications, Other End-Users

Subsegments:

1) By Internet of Things Sensors: Environmental Sensors, Motion and Position Sensors, Biometric Sensors, Optical Sensors
2) By Internet of Things Processors: Microcontrollers (MCUs), Digital Signal Processors (DSPs), Application Processors, Artificial Intelligence-Optimized Processors
3) By Internet of Things Chips: Wireless Communication Chips, Power Management Chips, Embedded Security Chips, Edge Artificial Intelligence Chips

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Which Firms Dominate the IoT Semiconductor Market by Market Share and Revenue in 2025?
Major companies operating in the iot semiconductor market are Samsung Electronics Co. Ltd., Sony Semiconductor Solutions Corporation, Taiwan Semiconductor Manufacturing Company Limited, Qualcomm Technologies Inc., Toshiba Electronic Devices And Storage Corporation, Infineon Technologies AG, NXP Semiconductors N.V, Analog Devices Inc., Renesas Electronics Corporation, Seiko Epson Corporation, ON Semiconductor Corporation, Skyworks Solutions Inc., Realtek Semiconductor Corporation, Nordic Semiconductor ASA, Semtech Corporation, Polar Semiconductor Inc., Ambiq Micro Inc., Kudelski Group, InnoPhase Inc., Open Automation Software LLC

Which Regions Offer the Highest Growth Potential in the IoT Semiconductor Market?
North America was the largest region in the iot semiconductor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iot semiconductor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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