Global IoT Chip Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ XX Bn.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Internet of Things (IoT) is an internetworking of physical and virtual objects that enables physical and virtual devices to relate to each other through cloud technology for exchange data and information. With technological advancements and collecting dependence on technology, IoT concept is expected to have an encouraging future. The global IoT Chip market is driven by the growing demand for IPV6 internet protocol, increasing inclination toward utilization of AI and 5G technologies due to the rising trend of Industry 4.0. Growing low-cost smart wireless sensor networks, rising demand for connected and wearable devices, growing application-specific MCUs and flexible SoC-type designs will impel market growth in the upcoming period. However, the absence of standardization of communication protocol around various platforms and issues about privacy and security of user data may restrain the market growth at the global level. The rising number of smart cities in emerging economies, government finance in innovation, and R&D activities of IoT are projected to create beneficial growth opportunities for key players in the market. High power consumption of connected devices is the major challenge for the IoT chip market in the near future.
Based on the application, the IoT chip market is segmented into Healthcare, Consumer Electronics, Industrial, Wearable Devices, Building Automation, BFSI, Automotive & Transportation, Agriculture, and Oil & Gas. The Consumer electronics segment dominated IoT Chip market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Nowadays, IoT chips have majorly integrated in home electronics devices such as smart TV sets, smart home control, washing machines, and home appliances. Rising adoption of application based flexible SoC type architecture and microcontroller units are propelling the IoT chips market growth in the consumer electronics segment. In terms of revenue, smart home devices sale has estimated over US$ XX Mn in 2019 and is likely to reach US$ of XX Mn during the forecast period, with CAGR of 42%.
Geographically, the IoT Chip market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. The presence of a large number of IoT Chips manufacturers and the growing adoption of IoT in the telecommunication industry are propelling the regional market growth in the upcoming period. The U.S and China are the leading contributors to the regional market growth. Early adoption of IoT technology by small and medium enterprises are driving the Canadian market growth in the coming years.
Europe held the second-largest market share of XX% in 2019 and is expected to grow at the CAGR of XX% during the forecast period owing to increasing investments in R&D to develop the industrial sector and Surging deployment of smart factory solutions due to the adoption of Industry 4.0.
Asia Pacific is expected to grow at a CAGR of XX% during the forecast period thanks to the advancements in cellular technologies, government initiatives, and the growing adoption of IoT technology. China is a leading country driving the market growth in the APAC region. China is developing its individual and exciting IoT, combining its desirable economies of scale with advanced original devices and services that meet the specific needs of Chinese consumers and companies.
The objective of the report is to present a comprehensive analysis of the Global IoT Chip Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global IoT Chip Market dynamics, structure by analyzing the market segments and project the Global IoT Chip Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global IoT Chip Market make the report investor’s guide.
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Global IoT Chip Market, by Hardware
• Memory Device
• Processor
• Sensor
• Connectivity IC
• Logic Device
Global IoT Chip Market, by Application
• Healthcare
• Consumer Electronics
• Industrial
• Wearable Devices
• Building Automation
• BFSI
• Automotive & Transportation
• Agriculture
• Oil & Gas
Global IoT Chip Market, by Region
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global IoT Chip Market, Major Players
• Intel Corporation
• Qualcomm Incorporated
• Texas Instruments Incorporated
• Mediatek Inc.
• Microchip Technology Inc.
• Samsung Electronics Co. Ltd
• STMicroelectronics NV
• Cypress Semiconductor Corporation
• Silicon Laboratories Inc.
• Telit Communications PLC
• Nordic Semiconductor ASA
• Semtech Corporation
• Marvell Technology Group Ltd
• AMD
• Whiznets
• Arduino
• ARM Holdings PLC.
• Atmel Corporation
• Electric Imp
• Freescale Semiconductor
• Nvidia
• Renesas Electronics
• NXP Semiconductors N.V.
• Huawei Technologies Co., Ltd.
• Advanced Micro Devices, Inc
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