Press release
Industrial IOT (IIOT) ASIC Market Projected to Hit USD 21,105.66 million by 2032, Expanding at 11.13 % CAGR: Credence Research
The Industrial IoT (IIoT) ASIC Market continues to expand as factories, logistics networks, and energy operators shift toward edge intelligence and high-efficiency automation. Demand grows as manufacturers adopt custom ASICs to improve sensor accuracy, reduce latency, and support real-time control. Companies also integrate advanced security blocks to protect industrial assets from rising cyber risks. Growth strengthens as Industry 4.0 programs scale across North America, Europe, and Asia-Pacific. According to Credence Research, the Industrial IoT (IIoT) ASIC Market size was valued at USD 8,557.34 million in 2024 and is anticipated to reach USD 21,105.66 million by 2032, at a CAGR of 11.13% during the forecast period.
Adoption increases as enterprises seek lower power consumption and higher device reliability within harsh operating environments. Semiconductor brands expand IIoT-focused ASIC portfolios to support predictive maintenance, machine vision, robotics, and connected industrial equipment. Edge-AI integration drives new design cycles, while 5G-enabled applications push demand for customized communication architectures. Vendor partnerships with OEMs, automation firms, and cloud platforms also strengthen ASIC deployment. Growth remains steady as smart factories widen IIoT adoption across discrete and process industries.
Key Growth Drivers
Rising adoption of smart factories remains a major growth catalyst for the Industrial IoT (IIoT) ASIC Market. Manufacturers upgrade machines with real-time sensing, automated controls, and edge analytics, which increases demand for custom ASICs that offer low latency and higher accuracy. Growth strengthens as industries seek stable chips that support harsh temperatures, vibration resistance, and long operating cycles. Expanding Industry 4.0 programs across automotive, energy, chemicals, and heavy machinery continues to push new ASIC design activity.
Demand also rises due to increasing need for energy-efficient processing and secure device connectivity. IIoT ASICs deliver optimized power use, which supports battery-driven sensors and remote industrial assets. Cybersecurity concerns also drive the shift toward dedicated hardware encryption inside ASICs to protect factory networks from intrusion. Wider deployment of predictive maintenance, machine vision, and 5G industrial systems further accelerates ASIC adoption across global industrial automation markets.
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Regional Analysis
North America leads the Industrial IoT (IIoT) ASIC Market due to strong automation spending, early Industry 4.0 adoption, and high integration across energy, automotive, and advanced manufacturing. Europe follows with wider use of IIoT ASICs in industrial robotics, smart factories, and connected machinery supported by strict efficiency and safety rules. Asia-Pacific grows fastest as China, Japan, South Korea, and India expand semiconductor production, upgrade industrial plants, and boost investment in smart manufacturing programs. Latin America and the Middle East & Africa show steady growth supported by rising digitalization in oil & gas, mining, and utilities.
Key Player Analysis
• Bosch
• Huawei Technologies
• Rockwell Automation
• Honeywell International
• IBM
• Cisco Systems
• Siemens AG
• ABB Group
• Intel Corporation
• General Electric
Tailor the report to align with your specific business needs and gain targeted insights. Request - https://www.credenceresearch.com/report/industrial-iot-iiot-asic-market
Segments
By Component
• Hardware
• Software
• Services
• Connectivity
By Technology
• Wired Technologies
• Wireless Technologies
By End User
• Manufacturing
• Energy & Utilities
• Automotive & Transportation
• Healthcare
• Others
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Tailor the report to align with your specific business needs and gain targeted insights. Request - https://www.credenceresearch.com/report/industrial-iot-iiot-asic-market
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Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 2000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives.
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