Lucintel Forecasts IoT Chip Market to Grow at a CAGR of 12% to 14% from 2020 to 2025

According to the recent study the IoT Chip Market is projected to to grow at a CAGR of 12% to 14% from 2020 to 2025. Growth in this market is primarily driven by the development of internet connectivity in technologically advancing countries and the growth of low-cost smart wireless sensor networks.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in IoT chip market by hardware (processor, connectivity IC, sensor, memory device and logic device), power consumption (less than 1 w, 1–3 w, 3–5 w, 5–10 w, more than 10 w), end use industry (automotive, consumer electronics, healthcare, manufacturing, retail, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Consumer electronics market is expected to remain the largest segment during the forecast period.”

Based on end use industry, the IoT chip market is segmented into automotive, consumer electronics, healthcare, manufacturing, retail, and others. Lucintel forecasts that the consumer electronics market is expected to remain the largest segment due to increasing number of smart appliances that can connect to the Internet and smartphones and the growth of the IoT technology.

“North America will dominate the IoT chip market in near future.”

North America will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing demand for improved lifestyles and the broadening of application areas of IoT in different industries, such as consumer electronics, retail, automotive and transportation, and healthcare.

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Major players of IoT chip market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Intel Corporation , Texas Instruments Incorporated , Qualcomm Incorporated , NXP Semiconductors N.V., MediaTek Inc., Marvell Technology Group Ltd., Microchip Technology Inc., Cypress Semiconductor Corporation, Renesas Electronics Corporation , Huawei Tech. are among the major IoT chip providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/iot-chip-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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