Internet of Things (IoT) Chip

Internet of Things (IoT) Chip

Global Internet of Things (IoT) Chip Market to Reach $34.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Internet of Things (IoT) Chip estimated at US$14.8 Billion in the year 2020, is projected to reach a revised size of US$34.9 Billion by 2027, growing at a CAGR of 13% over the analysis period 2020-2027. Processors, one of the segments analyzed in the report, is projected to record a 13.4% CAGR and reach US$13.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Connectivity Integrated Circuits segment is readjusted to a revised 11% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 12.5% CAGR

The Internet of Things (IoT) Chip market in the U.S. is estimated at US$4.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2027 trailing a CAGR of 12.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.6% and 11% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR.

Sensors Segment to Record 14.1% CAGR

In the global Sensors segment, USA, Canada, Japan, China and Europe will drive the 14.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.9 Billion in the year 2020 will reach a projected size of US$4.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 39 Featured) -

• Analog Devices Inc.
• Cypress Semiconductor Corporation
• Intel Corporation
• Invensense Inc.
• Mediatek Inc.
• Microchip Technology Inc.
• Nordic Semiconductor ASA
• NXP Semiconductors NV
• Qualcomm Technologies Inc.
• Samsung Electronics Co. Ltd
• Silicon Laboratories Inc.
• STMicroelectronics NV
• Texas Instruments Incorporated

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.