IoT Chips Market Size, Share, and Growth Analysis

Global IoT Chips Market

IoT Chips Market By Hardware (Processors, Connectivity Integrated Circuits (ICs)), By Power Consumption (Less than 1 W, 1–3 W), By End-use Application (Wearable Devices, Healthcare), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45O2061 | Region: Global | Published Date: May, 2025
Pages: 193 |Tables: 101 |Figures: 71

Format - word format excel data power point presentation

IoT Chips Market Insights

Global IoT Chips Market size was valued at USD 455.7 billion in 2023 and is poised to grow from USD 503.55 billion in 2024 to USD 1119.28 billion by 2032, growing at a CAGR of 10.5% during the forecast period (2025-2032). 

The fast pace of connectivity among devices in consumer and industrial applications is a key growth driver for the global IoT chips market. With more smart homes, wearable tech, self-driving cars, and industrial IoT (IIoT) devices becoming mainstream, each device needs specialized chips to handle connectivity, data processing, and power efficiency. Such a growing network of connected devices needs increasingly reliable and scalable hardware solutions, and this is driving the chipmakers to innovate and produce on a large scale. Thus, the increasing quantity of intelligent endpoints provides an enormous demand for IoT chips, hence encouraging investments, R&D, and supply chain growth throughout the international semiconductor sector.

Developments like smaller process geometries (e.g., 5nm, 3nm), stacking of 3D chips, and integration of system-on-chip (SoC) designs allowed companies to design chips that are faster, energy-efficient, and smaller suited for IoT use cases. Semiconductor process technology advancements is the key trend driving the global IoT chips sector. These technological improvements reduce manufacturing costs while increasing chip performance and energy efficiency, which are vital for battery-operated and space-constrained IoT devices. As a result, improved chip capabilities foster greater adoption of IoT across industries by making intelligent devices more practical, affordable, and capable of real-time data processing.

How is the Rise of AI Adoption Accelerating the Growth of the IoT Chip Market?

Artificial Intelligence (AI) is impacting the global IoT chips market directly through a rise in demand for edge processing capabilities. Since AI-based IoT devices call for real-time decision-making with no dependence on cloud connectivity, chipmakers are creating AI-tuned processors incorporating machine learning features at the edge. This trend has prompted innovations like neural processing units (NPUs) to be installed into IoT chips. For example, Qualcomm's AI Engine in its IoT chipsets supports on-device learning for use cases such as predictive maintenance and intelligent surveillance. As AI adoption increases, it brings a cascading demand for more intelligent, higher-performance IoT chips, driving market growth.

In early 2024, Qualcomm announced the RB3 Gen 2 Platform and QCC730 SoC at Embedded World 2024, a major leap in AI-based IoT chip technology. The RB3 Gen 2 Platform provides a tenfold boost in on-device AI processing, enabling applications such as robotics and industrial automation. The QCC730 SoC introduces ultra-low-power Wi-Fi connectivity, using up to 88% less power than previous generations, ideal for battery-powered IoT devices.

Market snapshot - 2025-2032

Global Market Size

USD 455.7 billion

Largest Segment

Connectivity Integrated Circuits

Fastest Growth

Sensors

Growth Rate

10.5% CAGR

Global IoT Chips Market ($ Bn)
Country Share by North America (%)

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IoT Chips Market Segments Analysis

Global IoT Chips Market is segmented by Hardware, Power Consumption, End-use Application and region. Based on Hardware, the market is segmented into Processors, Connectivity Integrated Circuits (ICs), Sensors, Memory devices and Logic devices. Based on Power Consumption, the market is segmented into Less than 1 W, 1–3 W, 3–5 W, 5–10 W and More than 10 W. Based on End-use Application, the market is segmented into Wearable Devices, Healthcare, Consumer Electronics, Automotive & Transportation, Building Automation, Manufacturing, Retail, BFSI, Oil & Gas, Agriculture and Aerospace & Defense. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.  

How do Connectivity ICs Support Low-Power Communication in IoT Networks?

According to the global IoT chips market forecast, connectivity Integrated Circuits (ICs) are leading the innovation within the industry because they play a crucial role in facilitating unbroken communication between IoT devices. With a growing adoption rate of Wi-Fi, Bluetooth, Zigbee, and 5G in the smart home, healthcare, and industrial IoT space, these ICs provide solid and low-power connectivity. Their popularity is due to the explosion of connected devices, and efficient, small, and multi-functionality connectivity ICs have become necessary for scalable IoT deployments.

Sensors are expected to be the fastest-growing product in the world IoT chips market because of increased demand for real-time data acquisition in intelligent environments. With the growth of IoT applications in healthcare, agriculture, and smart cities, the demand for various, compact, and power-efficient sensors increases, which fuels quick adoption and technology innovations.

What Types of Devices are Driving IoT Chip Adoption in Consumer Electronics?

Consumer electronics is a leading end-use application in the global IoT chips market because of extensive use of smart devices such as wearables, smart TVs, and home automation systems. Advances in voice recognition, energy efficiency, and AI-based features are improving user experience and device functionality. With consumers seeking greater connectivity and personalization, IoT chips facilitate seamless integration, fueling their growing use and making consumer electronics the top application segment in this market.

Automotive & transportation will be the fastest-growing end-use application segment in the global IoT chips market owing to increasing demand for connected cars, ADAS, and smart fleet management. IoT chips facilitate real-time information exchange, predictive maintenance, and improved safety, leading to quick adoption into next-generation mobility solutions and smart transport systems.

Global IoT Chips Market By Product (%)

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IoT Chips Market Regional Insights

How does 5G Deployment Support IoT Chip Growth in North America?

As per the global IoT chips market analysis, North America has a considerable market share due to the advanced technological infrastructure, high IoT penetration across industries, and strong establishment of major semiconductor players. The region is aided by early adoption of 5G, rising investment in smart home and industrial IoT solutions, and growing demand for AI-integrated devices. Government programs promoting digital transformation further drive regional development, making North America a leading innovation center for IoT chip production.

US IoT Chips Market

The United States dominates North America's IoT chips market, with its robust semiconductor industry, early adoption of 5G, and extensive use of IoT in industries such as healthcare, automotive, and smart cities. Powerful tech giants like Intel, Qualcomm, and NVIDIA lead ongoing innovation. Digital infrastructure initiatives supported by the government and developed consumer electronics also boost the demand for IoT chips, making the U.S. a world leader in technology.

Canada IoT Chips Market

Canada makes a remarkable contribution to the IoT chips market in North America through its expanding investments in industrial IoT, clean technology, and smart infrastructure. The nation places high priority on developing smart cities and intelligent transport systems, enhancing demand for innovative IoT chip solutions. Government policy support for innovation, an increased number of emerging tech startups, and extensive collaboration between universities and industries in conducting research create an effective ecosystem for IoT chip design and implementation in various industries.

Why is Asia Pacific the Fastest-Growing Region in the IoT Chips Market?

Asia Pacific is the most rapidly expanding region in the world IoT chips market due to fast-paced urbanization, technology advancements, and rising use of IoT across segments such as automotive, healthcare, and manufacturing. Top markets in the form of China, Japan, South Korea, and India are at the forefront of semiconductor production, 5G rollouts, and smart cities initiatives. The expansive consumer electronic market in the region and rising demand for IoT-enabled devices are further fueling the growth of IoT chip technologies.

Japan IoT Chips Market

Japan is a leading player in the Asia Pacific IoT chips market with a significant emphasis on robotics, automotive, and industrial IoT. The technological and manufacturing capabilities of the country are conducive to IoT chip innovation, particularly in precision electronics and intelligent devices. Japanese firms such as Sony, Panasonic, and Toshiba are dominant players in IoT solution driving, with special interest in consumer electronics, healthcare, and automation industries.

South Korea IoT Chips Market

South Korea plays a pivotal role in the Asia Pacific IoT chips market, leveraging its advanced semiconductor manufacturing capabilities, particularly through companies like Samsung and SK hynix. The nation's heavy focus on 5G rollout, smart cities, and connected cars propels IoT chip demand. The leadership of South Korea in consumer electronics, such as smart home appliances and wearables, also contributes to its global IoT ecosystem influence.

What Distinguishes Europe’s IoT Strategy from Other Regions?

Europe is a prominent contributor to the global market for IoT chips, fueled by the strong adoption of industrial IoT, smart city advancement, and heightened demand for connected devices in healthcare, automotive, and manufacturing industries. The region has a strong technological base, innovation centers in Germany, the UK, and France, and EU programs for promoting digital transformation. Driven by the theme of sustainability, Europe is also investing in IoT solutions in energy-efficient and environmentally friendly domains.

Germany IoT Chips Market

Germany is a leader in Europe’s IoT chips market, driven by its strong manufacturing base, industrial automation, and automotive sectors. The national emphasis on Industry 4.0 and intelligent factories drives demand for IoT solutions in areas such as automotive and logistics. Leading German companies like Siemens and Bosch are major impetuses of IoT chip development, driving innovations on smart devices, predictive maintenance, and energy-efficient solutions across industrial and consumer applications.

UK IoT Chips Market

The UK makes a significant contribution to Europe's IoT chips market via its emphasis on smart cities, healthcare, and manufacturing sectors. Top research institutes and technology startups drive innovation around IoT solutions, particularly in data processing, security, and connectivity. The influence of the government in promoting digital transformation and rolling out 5G also intensifies IoT take-up, raising the need for chips that control connected devices and smart systems for urban infrastructure as well as for healthcare.

France IoT Chips Market

France plays a key role in Europe’s IoT chips market, particularly in automotive, healthcare, and smart city applications. The nation's investment in connected mobility and green technologies propels demand for IoT chips, with industry leaders such as STMicroelectronics leading innovation. France's focus on IoT solutions for energy efficiency, environmental monitoring, and public security is at par with European Union digital transformation targets, triggering regional outlook growth.

Global IoT Chips Market By Geography
  • Largest
  • Fastest

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IoT Chips Market Dynamics

IoT Chips Market Drivers

Increasing Adoption of 5G Connectivity

  • The international expansion of 5G networks is one of the major market drivers for the IoT chips market. 5G allows for faster, more consistent connectivity, with real-time data transmission and increased IoT device functionality. This promotes the need for IoT chips, particularly in automotive, smart cities, and healthcare markets where fast connectivity is a must.

Rising Demand for Smart Devices

  • The growing popularity of smart devices, including wearables, home automation systems, and connected appliances, is driving the global IoT chips market growth. Customers are in growing demand for connected, smart solutions, compelling manufacturers to innovate and implement IoT chips for frictionless connectivity, power efficiency, and added capabilities in every device, driving market growth.

IoT Chips Market Restraints

Complexity in Standardization

  • The lack of standardized protocols for IoT devices and chips poses a challenge to interoperability across different platforms and industries. This intricacy in providing smooth communication between networks and devices can retard the implementation of IoT solutions, delaying the development and deployment of IoT chips worldwide.

Limited Power Efficiency of Some IoT Chips

  • While IoT devices require continuous, low-power operations, some IoT chips still face challenges in power efficiency. High-power consumption devices have challenges with battery life and energy expenditure, particularly for remote or mobile applications. Such a constraint could impede the development of specific IoT segments, especially in industrial and consumer sectors.

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IoT Chips Market Competitive Landscape

The competitive landscape of the global IoT chips market outlook is marked by key players like Qualcomm, Intel, Broadcom, MediaTek, and NXP Semiconductors. These firms have an emphasis on innovation, strategic alliances, and acquisitions. For instance, Qualcomm highlights 5G and AI integration in IoT chips, while Intel invests in future semiconductor technologies. MediaTek targets affordable IoT solutions, and NXP targets automotive and industrial IoT segments, with a focus on improving connectivity and power efficiency in their offerings.

The startup ecosystem of the global IoT chips market is changing very fast, with many new startups trying to develop innovative, affordable, and niche-focused solutions. The focus of startups is on niche markets such as AI-enabled IoT chips, low-power connectivity solutions, and edge computing chips. Their push towards R&D and innovation is propelling the market ahead by providing differentiated capability applicable to certain industries such as automotive, healthcare, and smart cities.

  • Founded in 2020, EdgeQ is an emerging startup specializing in AI-driven IoT chip solutions. The company specializes in developing high-performance, low-power chips for edge computing. One of its flagship products is the EdgeQ AI chip, which processes data at the edge locally, minimizing latency and cloud infrastructure reliance. This game-changing innovation is especially useful for autonomous systems in automotive and industrial sectors, enabling more efficient real-time decision-making and lower cloud expenses.
  • Established in 2017, GreenWaves Technologies aims to create low-power IoT chips for edge AI. Their primary product, GAP8 IoT processor, is such that it would deliver ultra-low power consumption along with adequate computing capabilities for AI operations at the edge. Integrating AI computation with low-power consumption, GreenWaves' energy-efficient breakthrough makes IoT devices last longer with batteries, a feature that proves best for its usage in smart agriculture and wearables, where long device autonomy is essential.

Top Player’s Company Profiles

  • Intel Corporation (USA) 
  • Qualcomm Technologies Inc. (USA) 
  • STMicroelectronics N.V. (Switzerland) 
  • MediaTek Inc. (Taiwan) 
  • Samsung Electronics Co. Ltd. (South Korea) 
  • Texas Instruments Incorporated (USA) 
  • Microchip Technology Inc. (USA) 
  • Infineon Technologies AG (Germany) 
  • Analog Devices, Inc. (USA) 
  • Nordic Semiconductor ASA (Norway) 
  • Silicon Laboratories Inc. (USA) 
  • Broadcom Inc. (USA) 
  • Cypress Semiconductor Corporation (USA) 
  • Huawei Technologies Co., Ltd. (China) 
  • NVIDIA Corporation (USA) 
  • Ambiq (USA) 
  • Espressif Systems (China) 
  • Marvell Technology, Inc. (USA) 

Recent Developments in IoT Chips Market

  • In March 2025, Qualcomm broadened its AIoT portfolio through partnerships with Fibocom to launch power-efficient Cat.M modules based on Qualcomm's modem technology. They are intended for use in the likes of smart metering and asset tracking applications, boosting smart city operations through connectivity. Meanwhile, Qualcomm completed interoperability trials with Ericsson on the n101 frequency band for 5G-powered train communications with an aim to spreading 5G benefits to crucial infrastructure such as rail networks.
  • In January 2024, MediaTek's MT6825 chipset was named a CES 2024 Innovation Awards honoree in the Embedded Technologies category. This independent IoT-NTN chip provides unobstructed satellite connectivity experiences with users staying connected in places with poor or nonexistent cellular coverage. The MT6825, following the 3GPP Release 17 NTN open standard, is built for low-power operations and is thus suitable for uses such as emergency services, remote monitoring, and connected agriculture.
  • In March 2025, Qualcomm bolstered its AIoT chip offerings by collaborating with Fibocom to bring low-power Cat.M modules to smart metering and asset tracking applications. It also performed 5G interoperability trials with Ericsson on the n101 band, aiming at high-reliability communications for railways and mission-critical IoT applications.

IoT Chips Key Market Trends

IoT Chips Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global IoT chips industry is poised for sustained expansion, fueled by the rapid proliferation of connected devices and breakthroughs in semiconductor technology. When industries adopt smart systems in various sectors such as consumer electronics, healthcare, automotive, and industrial automation, the need for high-performance, low-power IoT chips increases.

AI processing and edge computing capabilities are also revolutionizing chip design, accelerating intelligent devices to become more efficient and self-governing. Regional economies like North America and Asia-Pacific are leading in terms of firm innovation ecosystems and solid infrastructure. Startups on their part are shaking up the market with vertical, power-friendly solutions. As 5G deployments, smart city programs, and R&D spending continue to grow, the IoT chips market will be positioned as a fulcrum for the future digital economy.

Report Metric Details
Market size value in 2023 USD 455.7 billion
Market size value in 2032 USD 1119.28 billion
Growth Rate 10.5%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Hardware
    • Processors
    • Connectivity Integrated Circuits (ICs)
    • Sensors
    • Memory devices
    • Logic devices
  • Power Consumption
    • Less than 1 W
    • 1–3 W
    • 3–5 W
    • 5–10 W
    • More than 10 W
  • End-use Application
    • Wearable Devices
    • Healthcare
    • Consumer Electronics
    • Automotive & Transportation
    • Building Automation
    • Manufacturing
    • Retail
    • BFSI
    • Oil & Gas
    • Agriculture
    • Aerospace & Defense
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Intel Corporation (USA) 
  • Qualcomm Technologies Inc. (USA) 
  • STMicroelectronics N.V. (Switzerland) 
  • MediaTek Inc. (Taiwan) 
  • Samsung Electronics Co. Ltd. (South Korea) 
  • Texas Instruments Incorporated (USA) 
  • Microchip Technology Inc. (USA) 
  • Infineon Technologies AG (Germany) 
  • Analog Devices, Inc. (USA) 
  • Nordic Semiconductor ASA (Norway) 
  • Silicon Laboratories Inc. (USA) 
  • Broadcom Inc. (USA) 
  • Cypress Semiconductor Corporation (USA) 
  • Huawei Technologies Co., Ltd. (China) 
  • NVIDIA Corporation (USA) 
  • Ambiq (USA) 
  • Espressif Systems (China) 
  • Marvell Technology, Inc. (USA) 
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on IoT Chips Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on IoT Chips Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the IoT Chips Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the IoT Chips Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the IoT Chips Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the IoT Chips Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global IoT Chips Market size was valued at USD 454.82 Billion in 2023 poised to grow from USD 497.12 Billion in 2024 to USD 1012.56 Billion by 2032, growing at a CAGR of 9.3% in the forecast period (2025-2032).

The competitive landscape of the global IoT chips market outlook is marked by key players like Qualcomm, Intel, Broadcom, MediaTek, and NXP Semiconductors. These firms have an emphasis on innovation, strategic alliances, and acquisitions. For instance, Qualcomm highlights 5G and AI integration in IoT chips, while Intel invests in future semiconductor technologies. MediaTek targets affordable IoT solutions, and NXP targets automotive and industrial IoT segments, with a focus on improving connectivity and power efficiency in their offerings. 'Qualcomm Inc. (USA)', 'Intel Corporation (USA)', 'Broadcom Inc. (USA)', 'Texas Instruments Incorporated (USA)', 'NXP Semiconductors N.V. (Netherlands)', 'STMicroelectronics (Switzerland)', 'MediaTek Inc. (Taiwan)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Renesas Electronics Corporation (Japan)', 'Infineon Technologies AG (Germany)', 'Nordic Semiconductor ASA (Norway)', 'Analog Devices, Inc. (USA)', 'Microchip Technology Inc. (USA)', 'Silicon Laboratories Inc. (USA)', 'HiSilicon (Huawei Technologies Co., Ltd.) (China)'

The international expansion of 5G networks is one of the major market drivers for the IoT chips market. 5G allows for faster, more consistent connectivity, with real-time data transmission and increased IoT device functionality. This promotes the need for IoT chips, particularly in automotive, smart cities, and healthcare markets where fast connectivity is a must.

Integration of AI in IoT Chipsets: IoT chipmakers are increasingly integrating AI functionality directly into chips to make real-time decision-making at the edge possible. This transition enables applications such as smart surveillance, predictive maintenance, and autonomous driving, minimizing latency and cloud reliance while maximizing processing efficiency and responsiveness in numerous industry verticals.

How does 5G Deployment Support IoT Chip Growth in North America?

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