About IoT Processors
IoT processor collect the data and packages and sends it to the communications chip. An IoT processor is a system which contains radio chip, memory, processor and connectivity all bundled up into one piece of silicon. IoT processors is core of semiconductor. It represents the integration of four distinct components. They are connectivity, sensors/devices, data processing, and a user interface. IoT processor run on devices and can be created to be specific to almost every industry and vertical like industrial automation, automotive, smart homes and buildings, and wearable technology.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2018 |
Unit | Value (USD Million) |
The market of IoT Processor is expected to grow with rising demand from end use industries. Several companies are operating in the market to provide IoT Processor for multiple functioning. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IoT Processors market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Intel Corporation (United States), QUALCOMM (United States), Samsung (South Korea), Analog Devices, Inc. (United States), ARM (United States), Texas Instruments Incorporated (United States), Cypress Semiconductor Corporation (United States) and MediaTek Inc. (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Microchip Technology Inc. (United States) and STMicroelectronics N.V. (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global IoT Processors market by Type (8 Bit Processors, 16 Bit Processors and 32 Bit Processors) and Region.
On the basis of geography, the market of IoT Processors 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). If we see Market by Deployment Type, the sub-segment i.e. Cloud will boost the IoT Processors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. BFSI will boost the IoT Processors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Demand for 32 bit IoT Processors
Market Growth Drivers:
Rising Expenditure of BFSI, IT & Telecommunication, and Healthcare Industry and Growing Demand for IoT Processor for Enterprises and Consumer Platforms
Challenges:
Limited Applicability of IoT Processors for Niche Market having Low Sales Volume
Restraints:
Less Technologically Developed Infrastructure in Middle East and Asia Pacific Countries
Opportunities:
Increasing Technological Advancements with IoT and Adoptions from Small Size Enterprises
Market Leaders and their expansionary development strategies
In September 2023,Renesas acquires Sequans Communications for USD 249 million, expanding into the cellular IoT market.The acquisition provides Renesas access to Sequans’ expertise, customer base, and partnerships in the 5G/4G cellular IoT sector.With cellular IoT module shipments expected to exceed 1.2 billion units by 2030, this strategic move aligns with Renesas’ expansion plans and reflects a broader trend of consolidation in the IoT market.
In September 2020, Intel has introduced new advanced IoT Processors at the Intel Industrial Summit 2020. Company has launched The 11th Gen Intel Core processors, Intel Atom x6000E series, and Intel Pentium and Celeron N and J series bring new artificial intelligence (AI), security, functional safety and real-time capabilities to edge customers. With a robust hardware and software portfolio, an unparalleled ecosystem and 15,000 customer deployments globally.
Key Target Audience
IoT Processor Manufacturers, IoT Processor Suppliers/Distributors, Raw Material Suppliers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.