Global IoT Chip Market Overview

The IoT chip market was valued at $7.81 billion in 2017 and is likely to reach $15.67 billion at a CAGR of 14.01% during the forecast period of 2018 to 2023. Introduction 4-5 lines

Inte
et of Things (IoT) is an interrelated system that has various computing devices and machines with unique identifiers (UIDs) that enables to transfer data over a network without need of human-to-computer interaction. IoT chip are also known as radio chip is a small electronic devices which is embedded in other electronic devices, objects, and machines allowing to link wireless networks. These wireless networks enables to sends & receives data.

Increasing demand of connected & wearable devices, growing trend of industry 4.0, and evolution of low-cost smart wireless sensor networks has majorly driven the IoT chip market. Conversely, privacy & security conce
s of data has impeded the growth of the market.

The IoT chip market is segmented based on product, application, and geography. The product is segmented into processor, sensor, connectivity IC, memory device, logic device, and other products. Based on application, the IoT chip market is sub-divided into consumer electronics, industrial, healthcare, automotive, BFSI, retail, building automation, and others. Geographically, the IoT chip market is sub-divided into North America, Europe, Asia-Pacific, and Rest of the world.

The key market players operating in the IoT chip market include Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), Microchip Technology Inc. (U.S.), Renesas Electronics Corporation (Japan), Huawei Technologies Co., Ltd. (China), Texas Instruments Incorporated (U.S.), NVIDIA Corporation (U.S.), Cypress Semiconductor Corporation (U.S.), NXP Semiconductors N.V. (Netherlands), MediaTek Inc. (Taiwan), STMicroelectronics N.V. (Switzerland), Advanced Micro Devices, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), and among others.

IOT CHIP MARKET SEGMENTS

Market By Product

•    Processor

•    Sensor

•    Connectivity IC

•    Memory Device

•    Logic Device

•    Other Products

Market By Application

•    Healthcare

•    Consumer Electronics

•    Industrial

•    Automotive

•    BFSI

•    Retail

•    Building Automation

•    Others

Market By Geography

•    North America

•    Europe

•    Asia Pacific

•    Rest of the world

KEY STAKEHOLDERS IN THE MARKET

•    Raw product and manufacturing equipment suppliers

•    Semiconductor wafer vendors

•    Fabless players

•    EDA and IP core vendors

•    Foundry players

•    Original equipment manufacturers

•    ODM and OEM technology solution providers

•    Distributors and retailers

•    Research organizations

•    Technology standard organizations, forums, alliances, and associations

•    Technology investors

•    Operating system (OS) vendors

•    Content providers

•    Software providers