IoT Chipset Market Scope
IoT Chipset is a small electronic device that is embedded in a machine, object or electronic appliances. It helps in connecting to a wireless network and enables us to receive and send data. These chipsets use the same technology as in a mobile phone but without any kind of display and keyboards. One of the major differences in these chipsets is that they provide always-on connectivity. This is because IoT applications need to send data automatically, in real-time without someone hitting a send button. With cumulating applications of IoT in major devices such as ML, AI and many more are driving the market dynamics. For instance, according to the Internet and Television Association estimated that, by 2020, the number of IoT connected devices is expected to reach 50.1 billion from 34.8 billion in 2018, hence making the market to grow at a high level.
The market study is being classified by Type (Processor (Microcontroller (MCU), Application Processor (AP) and Digital Signal Processor (DSP)), Sensor (Accelerometer, Inertial Measurement Unit (IMU), Heart Rate Sensor, Pressure Sensor, and Others), Connectivity IC (Ant+, Bluetooth, Bluetooth Smart/Bluetooth Low Energy (BLE), ZigBee, Wireless Fidelity (Wi-Fi) and Others), Memory Device ( Static Random-Access Memory (SRAM) and Dynamic Random-Access Memory (DRAM)), Logic Device (Field-Programmable Gate Array (FPGA)) and Other Products) and major geographies with country level break-up.
The global IoT chip market is highly competitive, with the presence of many big and small players in the market. These players are running their business in domestic as well as international boundaries. The market appears to be moderately concentrated with the major players adopting strategies, like product innovation and mergers and acquisitions. Research Analyst at AMA predicts that North America Manufacturers will contribute to the maximum growth of Global IoT Chipset market throughout the predicted period.
Intel Corporation (United States), Qualcomm Incorporated (United States), Texas Instruments Incorporated (United States), NXP Semiconductors N.V. (Netherlands), Microchip Technology Inc. (United States), STMicroelectronics N.V. (Switzerland), Renesas Electronics Corporation (Japan), Huawei Technologies Co., Ltd. (China), NVIDIA Corporation (United States) and Samsung Electronics Co., Ltd. (South Korea) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Cypress Semiconductor Corporation (United States), Advanced Micro Devices, Inc. (United States) and MediaTek Inc. (Taiwan).
AdvanceMarketAnalytics has segmented the market of Global IoT Chipset market by Type, Application and Region.
On the basis of geography, the market of IoT Chipset has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
December 2018 Qualcomm introduced the next-generation cellular chipset purpose-built for IoT. This modem is purpose-built for IoT applications, such as asset trackers, health monitors, security systems, smart city sensors, and smart meters, as well as a range of wearable trackers.
- Adoption of Wearable Devices in this Market is one of the Major Trend
- Rising Consumer Electronic Segment is also booming the Market
- Adoption of Advance Technologies due to rising Trend of Industry 4.0
- Currently, IoT is majorly adopted in home electronics, from entertainment to smart home control and many more appliances. As with the increasing adoption of IoT approaches and getting interconnected, is flourishing the market
- The constant technological advancements in IoT creates a lot of demand for better wireless connectivity solutions to provide to the newer segments of automation and transportation, owing to the increasing trend of smart-cities and home automation in different region These factors are expected to fuel the demand for IoT chip market in the industry.
- Lack of Standardization of Communication Protocol Across Different Platforms
- High Cost Associated with these Chipsets
- High Power Consumption By Connected Devices
- Increasing Concerns Regarding Privacy and Security of Data
Key Target AudienceRaw material 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 and Others
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