This report provides exclusive insights into the COVID-19 impact on the IoT Chip Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the IoT Chip Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of IoT Chip Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the IoT
chip market provides an in-depth analysis of segments and sub-segments in the
global as well as regional IoT chip market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
IoT chip market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global IoT
chip market. According to the report, the global IoT chip market is projected
to grow at a CAGR of 12.8% over the forecast period of 2019-2025.
IoT platforms usually integrate wireless support, as well as
sensor fusion support generally is done by a separate, low-power processor.
Nowadays, hardware security support is becoming more vital and integrated, but
there are alternatives. For instance, Microchip’s 3-mm by 2-mm AWS-ECC508 chip
is preconfigured to deliver mutual authentication with Amazon Web Services IoT
(AWS IoT). There are many I2C-based security chips available, but this one is
already registered for development work and it can be modified to handle the
product production process. The chip is linked to a host processor, which
executes software from the AWS Software Development Kit (SDK). IoT chip needs a lot of software to link them
to nearby IoT devices or the cloud. For instance, The SK Telecom Company
Limited, South Korea, has introduced a tiny chip that could transform the
security of communication scenarios on different portable electronics and IoT
devices. This chip is only 5 Millimeter square size and has the capacity of
generating mathematically provable random numbers. The random numbers, that are
used as an essential Unit of security encryption systems by producing them in a
tiny package. The chip has demonstrated in Mobile World Congress in Barcelona
and would be gone for a sample production soon with low cost as a few dollars.
Major manufacturers such as Qualcomm Incorporated, NXP
Semiconductors N.V. and other manufacturers are introducing low-cost smart
wireless sensors to the market. As these smart wireless sensors are low at the
cost they demand is increasing to develop IoT devices. This factor boosts the
growth of the global IoT chip market. Growing investment globally due to
ongoing digital transformation and emergence of Industry 4.0 boost the adoption
of industrial automation. Due to this factor, the growth of the IoT chip market
started booming. On the other hand, the increasing number of incidents of data
theft and concern regarding privacy and security of data hinders the growth of
the market. Moreover, the government taking initiative and increasing funding
to support IoT that creates opportunities to boost the growth of the global IoT
chip market. Also, growing opportunities for the integration of IoT for
cross-sector collaboration may boost the growth of the market.
Geographically, the IoT chip market segmented into North
America, Europe, Asia Pacific, and RoW. North America holds the largest share
of the market in the global IoT chip market. The adoption of industrial
automation and robotics in various industries is a significant factor for the
dominance of the region. On the other side, the APAC region is expected to grow
at the highest CAGR over the forecast period of 2019-2025. The rising
government support in the form of funding, investments and desirable policies
are propelling factors for the market growth. Asia-Pacific is also ahead when
it comes to Smart City rollout, with a staggering US$63.4 billion earmarked for
investment in Smart City technology in the region. As the backbone of smart
cities, IoT is a vital focus area for development in the region.
The report on global IoT chip market covers segments such as
hardware, and end-use application. On the basis of hardware, the sub-markets
include processor, sensor, connectivity ic, memory device, and logic device. On
the basis of end-use application, the sub-markets include wearable devices,
building automation, industrial, automotive & transportation, and others.
The report provides profiles of the companies in the market
such as Texas Instruments Incorporated, Intel Corporation, Qualcomm
Incorporated, NXP Semiconductors N.V, Microchip Technology Inc, MediaTek Inc,
Renesas Electronics Corporation, STMicroelectronics N.V, Huawei Technologies
Co., Ltd, and NVIDIA Corporation.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of IoT chip
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.