IoT Chip Market Forecast to 2030
IoT Chip industry forecasts, as well as qualitative and quantitative analyses, have been supplied by the report's writers. The SWOT analysis and Porter's Five Forces Analysis, which shed light on the industry's fiercely competitive environment, are two of the most crucial sections of this research. The global IoT Chip market, including those in North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa, is thoroughly examined in the study. In addition to revenue growth drivers and barriers, manufacturing consumption patterns, shifting customer tastes, and strict regulatory standards are also covered in this research.
According to the most recent analysis by Emergen Research, the market for Internet of Things (IoT) chips reached USD 13.05 billion in 2021 and is projected to grow at a rate of 14.9% during the forecast period. The need for wearables such fitness trackers, gaming simulators, smart posture trainers, smart shoes, and Near-Field Communication (NFC) smart rings is boosting the global IoT chip market's revenue growth.
People may communicate and trade data thanks to NFC rings that are equipped with network connectivity, sensors, and software. In NFC rings, features like automatic running, programme lock, business card sharing, and intelligent door lock are available. As a result, carrying door keys, credit cards, and car keys is no longer necessary thanks to NFC rings. If one's front door has an NFC-enabled lock, they can quickly unlock it with an NFC ring. Moreover, NFC rings facilitate metro ticketing, the next-generation of metro fare collection systems that is easier to use and less complicated. When compared to conventional ticketing systems, it saves passengers' time by allowing them to make contactless and cashless payments while travelling using their mobile phones, bank cards, or NFC rings.
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The global IoT Chip market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The IoT Chip industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Samsung, Intel Corporation, Huawei Technologies Co. Ltd., STMicroelectronics, Microchip Technology Inc., Qualcomm Technologies Inc., NXP Semiconductors, Cypress Semiconductor Corporation, NVIDIA Corporation, and MediaTek Inc
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Some Key Highlights From the Report
- Logic device segment accounted for largest revenue share in 2021. Revenue growth of this segment is attributed to increasing use of field-programmable gate arrays in wearable devices as it allows improved prototyping and reprogramming ability for debugging.
- Consumer electronics segment revenue is expected to grow at a rapid rate over the forecast period due to rising demand for IoT-enabled wearables, including smartwatches. In addition, increasing adoption of smart appliances for home automation such as voice assistance, safety & security, air & water quality monitoring, lighting control, and locks is expected to drive revenue growth of this segment during the forecast period. In addition, IoT chips significantly improve security of smartphones.
- Asia Pacific market accounted for largest revenue share in 2021. This can be attributed to rising adoption of IoT chips in smart city development and deployment in countries including China, Japan, Taiwan, and India. Besides, increasing application of IoT chip in process automation and manufacturing industry is expected to drive revenue growth during the forecast period.
The report bifurcates the IoT Chip market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Outlook (Revenue, USD Million; 2019–2030)
- Logic Device
- Field-Programmable Gate Array
- Dynamic Random-Access Memory
- Static Random-Access Memory
- Heart Rate Sensor
- Temperature Sensor
- Pressure Sensor
- Blood Glucose Sensor
- Image Sensor
- Flow Sensor
- Blood Oxygen Sensor
- Humidity Sensor
- Ambient Light Sensor
- Gas Sensor
- Motion & Position Sensor
- Electrocardiogram Sensor
- Inertial Measurement Unit
- Application Processor
- Digital Signal Processor
- Wireless Fidelity (Wi-Fi)
- Bluetooth Low Energy
- Wireless Highway Addressable Remote Transducer
- Near-Field Communication (NFC)
- Global Navigation Satellite System Module
- End-use Outlook (Revenue, USD Million; 2019–2030)
- Aerospace & Defense
- Consumer Electronics
- Banking, Financial Services and Insurance (BFSI)
- Building Automation
- Oil & Gas
- Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- South Africa
- Rest of MEA
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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