Iot Chips Market
IoT Chips Market Forecasts to 2030 - Global Analysis By Type (Microcontrollers (MCUs), Microprocessors (MPUs), System on Chips (SoCs), Field-Programmable Gate Arrays (FPGAs), Application-Specific Integrated Circuits (ASICs) and Other Types), Form, Connectivity Technology, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $2.6 BN |
|
Projected Year Value (2030) |
US $4.4 BN |
|
CAGR (2024 - 2030) |
9.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global IoT Chips Market is accounted for $584.3 billion in 2024 and is expected to reach $1,445.8 billion by 2030 growing at a CAGR of 16.3% during the forecast period. IoT chips are specialized microprocessors designed for Internet of Things (IoT) devices, enabling connectivity and data processing in smart applications. These chips typically feature low power consumption, compact size, and integrated communication protocols such as Wi-Fi, Bluetooth, or cellular connectivity. By facilitating real-time data exchange and analytics, IoT chips play a crucial role in enhancing the functionality of various devices, from home automation systems to industrial machinery. Their versatility and efficiency make them essential components in the rapidly growing IoT ecosystem.
According to Economic Times's survey, cellular IoT module chipset shipments grew in India, and Qualcomm led the market with a 42% share.
Market Dynamics:
Driver:
Increasing demand for connected devices
The increasing demand for connected devices is significantly driving the market. As more industries adopt smart technologies for automation and efficiency, the need for reliable, high-performance chips becomes crucial. These chips enable seamless communication between devices, enhancing functionality in applications like smart homes, healthcare, and industrial automation. With the proliferation of wearables and smart appliances, the market for IoT chips is poised for rapid growth, reflecting a broader trend towards a connected world.
Restraint:
Security and privacy concerns
Security and privacy concerns pose significant challenges in the market, potentially hindering widespread adoption. Vulnerabilities in connected devices can lead to data breaches, unauthorized access, and exploitation of sensitive information. These risks create mistrust among consumers and businesses, limiting investment and innovation. As a result, manufacturers must prioritize robust security measures and transparent privacy practices, or they risk stalling the growth of the IoT ecosystem and eroding user confidence.
Opportunity:
Rising adoption in industries
Rising adoption of IoT chips across various industries is transforming operations and driving efficiency. Sectors such as manufacturing, healthcare, and agriculture are increasingly integrating smart technologies to optimize processes, enhance productivity, and reduce costs. IoT chips enable real-time data collection and analytics, predictive maintenance. This trend not only streamlines operations but also fosters innovation, making IoT chips essential for businesses aiming to stay competitive in a rapidly evolving digital landscape.
Threat:
Interoperability Challenges
Interoperability challenges in the market can significantly hinder device integration and functionality. Inconsistent standards and protocols among different manufacturers lead to compatibility issues, preventing seamless communication between devices. This fragmentation complicates system deployment and reduces the overall user experience, deterring both consumers and businesses from fully embracing IoT solutions. As a result, the lack of interoperability can slow market growth and innovation.
Covid-19 Impact:
The COVID-19 pandemic had a mixed impact on the IoT chips market. While initial disruptions in supply chains and manufacturing slowed production, the shift towards remote work and digital transformation accelerated the demand for connected devices. Sectors like healthcare and logistics saw increased investment in IoT solutions for monitoring and automation. Overall, the pandemic underscored the importance of resilient, smart technologies, driving long-term growth and innovation in the market.
The embedded chips segment is projected to be the largest during the forecast period
The embedded chips segment is projected to account for the largest market share during the projection period. These chips integrate processing power, memory, and connectivity features within a compact form factor, making them ideal for a wide range of applications, from smart home devices to industrial sensors. Their low power consumption and ability to operate in diverse environments enhance the functionality of IoT solutions, driving innovation and expanding the ecosystem of connected devices.
The precision farming segment is expected to have the highest CAGR during the forecast period
The precision farming segment is expected to have the highest CAGR during the extrapolated period. These chips facilitate real-time monitoring of soil conditions, crop health, and weather patterns, allowing farmers to optimize resource usage and improve yields. By collecting and analyzing data from various sensors and devices, IoT chips help farmers implement targeted interventions, reduce waste, and ultimately promote sustainable agricultural practices in a rapidly evolving industry.
Region with largest share:
North America region is projected to account for the largest market share during the forecast period driven by increasing demand for connected devices across various sectors. The region's advanced technological infrastructure and high investment in research and development further fuel innovation. Additionally, the focus on automation and data analytics enhances operational efficiency. With supportive government initiatives and a strong emphasis on digital transformation, the region is poised to lead in the global IoT chips market.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. Governments in the region are launching smart city projects and investing in digital infrastructure, which is boosting the demand for IoT solutions. These initiatives are aimed at improving urban management, transportation systems, and public services. The rise of 5G technology is expected to further accelerate the growth of the market by enabling faster data transmission and supporting a larger number of connected devices.
Key players in the market
Some of the key players in IoT Chips market include Qualcomm, Intel, NXP Semiconductors, Texas Instruments, Broadcom, Microchip Technology, STMicroelectronics, Infineon Technologies, Huawei, Sony, Zebra Technologies, Sierra Wireless, Dialog Semiconductor and Analog Devices.
Key Developments:
In October 2024, Qualcomm Technologies International, Ltd., announced a new strategic collaboration for the next generation of industrial and consumer IoT solutions augmented by edge AI. This highly complementary collaboration will see the two companies integrate Qualcomm Technologies' leading AI-powered wireless connectivity technologies.
In August 2024, Qualcomm Incorporated and Sequans Communications S.A. announced that they have entered into a definitive agreement for Qualcomm to buy Sequans’ 4G IoT technologies. The acquisition includes certain employees, assets and licenses. The transaction is subject to customary closing conditions, including French regulatory approval.
Types Covered:
• Microcontrollers (MCUs)
• Microprocessors (MPUs)
• System on Chips (SoCs)
• Field-Programmable Gate Arrays (FPGAs)
• Application-Specific Integrated Circuits (ASICs)
• Other Types
Forms Covered:
• Embedded Chips
• Module-based Chips
• Standalone Chips
Connectivity Technologies Covered:
• Wi-Fi
• Bluetooth
• Zigbee
• LoRaWAN
• Cellular
• Low Power Wide Area Network (LPWAN)
Applications Covered:
• Smart Thermostats
• Precision Farming
• Smartwatches
• Predictive Maintenance
• Telemedicine Solutions
• Waste Management
• Other Applications
End Users Covered:
• Automotive
• Agriculture
• Consumer Electronics
• Healthcare
• Transportation
• Energy and Utilities
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global IoT Chips Market, By Type
5.1 Introduction
5.2 Microcontrollers (MCUs)
5.3 Microprocessors (MPUs)
5.4 System on Chips (SoCs)
5.5 Field-Programmable Gate Arrays (FPGAs)
5.6 Application-Specific Integrated Circuits (ASICs)
5.7 Other Types
6 Global IoT Chips Market, By Form
6.1 Introduction
6.2 Embedded Chips
6.3 Module-based Chips
6.4 Standalone Chips
7 Global IoT Chips Market, By Connectivity Technology
7.1 Introduction
7.2 Wi-Fi
7.3 Bluetooth
7.4 Zigbee
7.5 LoRaWAN
7.6 Cellular
7.7 Low Power Wide Area Network (LPWAN)
8 Global IoT Chips Market, By Application
8.1 Introduction
8.2 Smart Thermostats
8.3 Precision Farming
8.4 Smartwatches
8.5 Predictive Maintenance
8.6 Telemedicine Solutions
8.7 Waste Management
8.8 Other Applications
9 Global IoT Chips Market, By End User
9.1 Introduction
9.2 Automotive
9.3 Agriculture
9.4 Consumer Electronics
9.5 Healthcare
9.6 Transportation
9.7 Energy and Utilities
9.8 Other End Users
10 Global IoT Chips Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Qualcomm
12.2 Intel
12.3 NXP Semiconductors
12.4 Texas Instruments
12.5 Broadcom
12.6 Microchip Technology
12.7 STMicroelectronics
12.8 Infineon Technologies
12.9 Huawei
12.10 Sony
12.11 Zebra Technologies
12.12 Sierra Wireless
12.13 Dialog Semiconductor
12.14 Analog Devices
List of Tables
1 Global IoT Chips Market Outlook, By Region (2022-2030) ($MN)
2 Global IoT Chips Market Outlook, By Type (2022-2030) ($MN)
3 Global IoT Chips Market Outlook, By Microcontrollers (MCUs) (2022-2030) ($MN)
4 Global IoT Chips Market Outlook, By Microprocessors (MPUs) (2022-2030) ($MN)
5 Global IoT Chips Market Outlook, By System on Chips (SoCs) (2022-2030) ($MN)
6 Global IoT Chips Market Outlook, By Field-Programmable Gate Arrays (FPGAs) (2022-2030) ($MN)
7 Global IoT Chips Market Outlook, By Application-Specific Integrated Circuits (ASICs) (2022-2030) ($MN)
8 Global IoT Chips Market Outlook, By Other Types (2022-2030) ($MN)
9 Global IoT Chips Market Outlook, By Form (2022-2030) ($MN)
10 Global IoT Chips Market Outlook, By Embedded Chips (2022-2030) ($MN)
11 Global IoT Chips Market Outlook, By Module-based Chips (2022-2030) ($MN)
12 Global IoT Chips Market Outlook, By Standalone Chips (2022-2030) ($MN)
13 Global IoT Chips Market Outlook, By Connectivity Technology (2022-2030) ($MN)
14 Global IoT Chips Market Outlook, By Wi-Fi (2022-2030) ($MN)
15 Global IoT Chips Market Outlook, By Bluetooth (2022-2030) ($MN)
16 Global IoT Chips Market Outlook, By Zigbee (2022-2030) ($MN)
17 Global IoT Chips Market Outlook, By LoRaWAN (2022-2030) ($MN)
18 Global IoT Chips Market Outlook, By Cellular (2022-2030) ($MN)
19 Global IoT Chips Market Outlook, By Low Power Wide Area Network (LPWAN) (2022-2030) ($MN)
20 Global IoT Chips Market Outlook, By Application (2022-2030) ($MN)
21 Global IoT Chips Market Outlook, By Smart Thermostats (2022-2030) ($MN)
22 Global IoT Chips Market Outlook, By Precision Farming (2022-2030) ($MN)
23 Global IoT Chips Market Outlook, By Smartwatches (2022-2030) ($MN)
24 Global IoT Chips Market Outlook, By Predictive Maintenance (2022-2030) ($MN)
25 Global IoT Chips Market Outlook, By Telemedicine Solutions (2022-2030) ($MN)
26 Global IoT Chips Market Outlook, By Waste Management (2022-2030) ($MN)
27 Global IoT Chips Market Outlook, By Other Applications (2022-2030) ($MN)
28 Global IoT Chips Market Outlook, By End User (2022-2030) ($MN)
29 Global IoT Chips Market Outlook, By Automotive (2022-2030) ($MN)
30 Global IoT Chips Market Outlook, By Agriculture (2022-2030) ($MN)
31 Global IoT Chips Market Outlook, By Consumer Electronics (2022-2030) ($MN)
32 Global IoT Chips Market Outlook, By Healthcare (2022-2030) ($MN)
33 Global IoT Chips Market Outlook, By Transportation (2022-2030) ($MN)
34 Global IoT Chips Market Outlook, By Energy and Utilities (2022-2030) ($MN)
35 Global IoT Chips Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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