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.
Please Choose One of them.