Semiconductors and Electronics

Global IoT chip Market Booming at a CAGR of 14.00% to Estimated $ 26.21 Billion Growth by 2026

Global IoT chip Market

Global  IoT chip Market By Hardware (Processor, Sensor, Connectivity IC, Memory Device, Logic Device), End-Use Application (Wearable Devices, Healthcare, Consumer Electronics, Building Automation, Industrial, Automotive and Transportation, Banking, Financial Services, and Insurance (BFSI), Agriculture, Retail, Oil and Gas, Others)

Market Analysis: Global  IoT chip Market 

Global  IoT chip Market is expected to rise from its initial estimated value of USD 9.18 billion in 2018 to an estimated value of USD 26.21 billion by 2026, registering a CAGR of 14.00% in the forecast period of 2019-2026. This rise in market value can be attributed to the benefits associated with the usage of growing demand for flexible Soc type designs and application specific MCUs

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Market Definition: Global  IoT chip Market 

IoT chip includes sensor, different types of processors, interface IP, ASICs in cloud for packaging and many more. These are meant for security and safety concerns which comes in the application of medical devices, consumer electronics, wearable devices, automotive and transportation.

Market Drivers: 

  • There is high demand for wearable device is expected to act as a driver to the market growth
  • There is rice in demand for flexible Soc type designs and application specific MCUs is also expected to drive the market growth

Market Restraints:

  • Rising concern in regards of security concern is expected to act as a restraint to the market growth

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Segmentation: Global  IoT chip Market 

By Hardware

  • Processor
    • Microcontroller (MCU)
    • Application Processor (AP)
    • Digital Signal Processor (DSP)
  • Sensor
    • Accelerometer
    • Inertial Measurement Unit (IMU)
    • Heart Rate Sensor
    • Pressure Sensor
    • Temperature Sensor
    • Blood Glucose Sensor
    • Blood Oxygen Sensor
    • Electrocardiogram (ECG) Sensor
    • Humidity Sensor
    • Image Sensor
    • Ambient Light Sensor
    • Flow Sensor
    • Level Sensor
    • Chemical and Gas Sensor
    • Motion and Position Sensor
  • Connectivity IC
    • ANT+
    • Bluetooth
    • Bluetooth Smart/Bluetooth Low Energy (BLE)
    • Zigbee
    • Wireless Fidelity (Wi-Fi)
    • Ethernet
    • Near-Field Communication (NFC)
    • Enocean
    • Cellular Network
    • Wireless Highway Addressable Remote Transducer (WHART)
    • Global Navigation Satellite System (GNSS) Module
    • Thread
    • Z-Wave
    • ISA100
  • Memory Device
    • Static Random-Access Memory (SRAM)
    • Dynamic Random-Access Memory (DRAM)
  • Logic Device
    • Field-Programmable Gate Array (FPGA)

By End-Use Application

  • Wearable Devices
    • Activity Monitors
    • Smartwatches
    • Smart Glasses
    • Wearable Cameras
  • Healthcare
    • Fitness and Heart Rate Monitor
    • Blood Pressure Monitor
    • Blood Glucose Meter
    • Continuous Glucose Monitor
    • Pulse Oximeter
    • Automated External Defibrillator
    • Programmable Syringe Pump
    • Wearable Injector
    • Multi-Parameter Monitor
  • Consumer Electronics
    • Refrigerator
    • Hi-Res Television
    • Washing Machine
    • Other Products
  • Building Automation
    • Occupancy Sensors
    • Daylight Sensors
    • Smart Thermostats
    • IP Cameras
    • Smart Meters
    • Smart Locks
    • Smoke Detectors
    • Lighting Control Actuators
    • Gateways
  • Industrial
    • Industrial Motes
    • Self-Learning Industrial Robots
  • Automotive and Transportation
    • Connected Cars
    • Intelligent Transportation Systems (ITS)
  • Banking, Financial Services, and Insurance (BFSI)
    • Mobile Point of Sale (Mpos)
    • Kiosks
  • Agriculture
    • Wireless Sensors for Agriculture Application
  • Retail
    • Smart Beacons
  • Oil and Gas
    • Wireless Sensors for Oil and Gas
  • Others

Key Developments in the Market:

In April 2019, Silicon Labs has launched its Wireless Gecko platform(chip) for internet of things (IoT) Silicon Laboratories, Inc. is a worldwide fabless semiconductor company. By this launch company is trying to enhance its performance in IoT.

In April 2019, Xiaomi’s has launched its chipset division into IoT gadgets for this unit is stated with $ 1.5 billion investment by this company is expanding their business in IoT Xiaomi is one of global Leader in Smartphone chipset.

Competitive Analysis

Global IoT chip market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of IoT chip market for global, Europe, North America, Asia Pacific, South America and Middle East and Africa.

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