IoT Chips Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to iot chips market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

IoT Chips Market News

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.
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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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