Top IoT Chips Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the IoT Chips Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading IoT Chips industry players.

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) 

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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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Global IoT Chips Market
IoT Chips Market

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