About Industrial Internet Chip
Industrial internet chip is used in industrial connected devices to share data streamlining business processes, it offers real-time insights in various industries like consumer electronics, IT & telecommunications, healthcare, aerospace & defense, and many others. The industry internet chips help create the systems which power the industrial internet of things. With the emerging digital twin's technology, and growing artificial intelligence & blockchain in several industries the use of industrial internet chips is estimated to grow in the coming years.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Industrial Internet Chip market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial Internet Chip Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. 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.
Arm Limited (United States), Cisco Systems, Inc. (United States), Intel Corporation (United States), Rockwell Automation (United States), Dessault Systemes (France), Microsoft (United States), Huawei Technologies (China), General Electric (United States), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), Microchip Technology Inc. (United States), PTC Inc. (United States) and FogHorn Systems (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Internet Chip market by Type (MEMS Chips and Smart Sensor Chips), Application (Processor, Sensor, Connectivity IC, Memory Device and Logic Device) and Region.
On the basis of geography, the market of Industrial Internet Chip 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 Industry Verticals, the sub-segment i.e. Consumer Electronics will boost the Industrial Internet Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Digital Twins and Smart Products, Artificial Intelligence, Machine Learning, and Blockchain
Market Growth Drivers:
Growing Demand for the Industrial IoT Products and Need for the Predictive Maintenance, Improve Safety and Reduced Costs in Industrial Operations
Challenges:
Availability of Cheap Chip Production Companies Affecting the Industrial Internet Chip Market
Restraints:
Regulatory Standards Associated with Privacy and Security in Utilization of Industrial Internet Chip
Opportunities:
Rising Investment in Research & Development Activities in Industrial Internet of Things will Boost the Industrial Internet Chip Market
Market Leaders and their expansionary development strategies
In January 2022, NXP Advances IoT Connectivity with Industry’s First Secure Tri-Radio Device. NXP Semiconductors announced the IW612, the industry’s first secure tri-radio device to support the Wi-Fi 6, Bluetooth 5.2, and 802.15.4 protocols. Part of NXP’s new family of tri-radio products, the new device enables seamless, secure connectivity for smart home, automotive, and industrial use cases, and supports the new groundbreaking Matter connectivity protocol.
In May 2021, IBM unveiled a breakthrough in semiconductor design and process with the development of the world's first chip announced with 2 nanometers (nm) nanosheet technology. Semiconductors play critical roles in everything from computing to appliances, to communication devices, transportation systems, and critical infrastructure. and In February 2020, Dialog Semiconductor plc, a leading provider of power management, charging, AC/DC power conversion, Wi-Fi and Bluetooth low energy technology, and Adesto Technologies Corporation, a leading provider of innovative custom integrated circuits (ICs) and embedded systems for the Industrial Internet of Things (IIoT) market, today announced they have signed a definitive agreement for Dialog to acquire all outstanding shares of Adesto.
Key Target Audience
Industrial Internet Chip Manufacturers, Industrial Internet Chip Industry Association, Industrial Internet Chip International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
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.