Global IoT Chipset Market Overview:
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Wearable Devices in this Market is one of the Major Trend, Rising Consumer Electronic Segment is also booming the Market and Adoption of Advance Technologies due to rising Trend of Industry 4.0
Market Growth Drivers:
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
Challenges:
High Power Consumption By Connected Devices and Increasing Concerns Regarding Privacy and Security of Data
Restraints:
Lack of Standardization of Communication Protocol Across Different Platforms and High Cost Associated with these Chipsets
Opportunities:
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.
Competitive Landscape:
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.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Cypress Semiconductor Corporation (United States), Advanced Micro Devices, Inc. (United States) and MediaTek Inc. (Taiwan). Analyst at AMA Research see North America Manufacturers to retain maximum share of Global IoT Chipset market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the IoT Chipset market. Considering Market by End-User, the sub-segment i.e. Healthcare will boost the IoT Chipset market. Considering Market by Devices, the sub-segment i.e. Smart Parking will boost the IoT Chipset market.
Latest Market Insights:
In June 2023, Qualcomm Technologies, Inc. announced two modem chipsets with satellite capability: the Qualcomm® 212S Modem and the Qualcomm® 9205S Modem. The new Qualcomm® modem chipsets power off-grid industrial use cases that require standalone non-terrestrial network (NTN) connectivity or hybrid connectivity alongside terrestrial networks, and allow IoT enterprises, developers, ODMs, and OEMs to harness real-time information and insights to manage business projects.
In 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.
What Can be Explored with the IoT Chipset Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global IoT Chipset Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in IoT Chipset
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global IoT Chipset market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in IoT Chipset market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.