IOT Chip Market - Top Players (AMD, Whiznets, Arduino, Texas Instruments, ARM Holdings PLC) Forecast 2016 -2024

With a tremendous surge in technological advancements and growing dependence on technology, the Internet of Things (IoT) is expected to have a favorable future. The hardware components of IoT include the processor, sensors, connectivity chip, memory devices and logic device. IoT chips are used in a number of devices and various industry applications. Some of the applications of IoT chips are in wearable devices, consumer electronics healthcare, and several others. The chief purpose of adopting IoT devices is for improvement of safety and easing and improving work efficiency. IoT also aids in better decision making, as a result of which there is an increase in the levels of productivity.

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Q: What are the factors influencing the global IoT chips market?

A: Some of the significant factors fuelling the IoT chip market are the surging demand of application unique MCUs and flexible SOC architecture types. IoT chips are able enough to provide support to various communication protocols, on account of which these chips are being widely adopted in the area of automation. The soaring demand of IoT implemented applications and devices from different industry sectors is expected to stoke the global IoT chip market.

However, the privacy and security of data that could be significant to enterprises or individuals is a major concern identified with IoT chips, which could hamper the growth of the IoT chip market. Also, the lack of a centralized communication protocol over different application platforms and veritable higher consumption of power by connected devices could act as a restraining factor to the global IoT chip market.

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Q: Which region is expected to dominate this market?

A: The North American region is predicted to hold a dominant market share, on account of countries such as Canada and the U.S. that are home to a large number of leading IoT chip developers. The highly developed electronics, automotive and healthcare industries in the region impel a huge demand for this market.

Some of the prominent vendors in the global market for IoT chips are Cypress Semiconductor, Texas Instruments, Atmel Corporation, ARM Holdings PLC., and Marvell Technology Group.

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