IoT Chipset Market - By Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices, Others), By Power Consumption (Less than 1 W, 1 - 3 W, 3 - 5 W, 5 - 10 W, more than 10 W), By End-use Industry, Forecast 2024

Description

IoT Chipset Market size is expected to depict over 6.4% CAGR from 2024 to 2032, due to the proliferation of IoT devices across various sectors, including healthcare, agriculture, and smart cities. Groundbreaking developments in semiconductor technology, like miniaturization and energy efficiency are enhancing the performance and capabilities of IoT chipsets. For instance, in June 2023, Qualcomm launched two chipsets, the 212S and the 9205S, facilitating data links via geostationary satellites for IoT. Both chipsets support the Qualcomm Aware cloud platform, enabling real-time asset tracking and device management in off-grid, remote areas.

The increasing investments in IoT infrastructure and connectivity solutions, coupled with the growing adoption of cloud computing and edge computing platforms are further accelerating the appeal of these chipsets. The integration of AI and machine learning algorithms into IoT chipsets is also enabling advanced data analytics and automation capabilities, driving the adoption of IoT technologies across diverse applications.

The IoT chipsets industry is bifurcated into hardware, power consumption, end-use industry, and region.

Based on hardware, the industry share from the processors segment is estimated to witness over 6% CAGR notable rate through 2032, driven by the surging demand for high-performance computing capabilities to process vast amounts of data generated by IoT devices. Significant advancements in semiconductor technology, including the development of powerful and energy-efficient processors are enhancing the processing capabilities of IoT chipsets. The increasing complexity of IoT applications and the rising need for real-time data processing is also spurring the product demand.

IoT chipsets market from the aerospace & defense end-use segment is estimated to rise at commendable rate from 2024 to 2032. This can be attributed to the increasing adoption of IoT technologies for enhancing aircraft performance, maintenance, and security. The ever-increasing demand for real-time data analytics, remote monitoring, and predictive maintenance are driving the integration of IoT chipsets in defense applications. Rapid advancements in sensor technologies and communication systems will also accelerate the product deployment in aerospace and defense sectors.

Regionally, the Europe IoT chipsets market is anticipated to experience robust growth at over 6.5% CAGR between 2024 and 2032, due to the increasing adoption of smart city initiatives, industrial automation, and connected healthcare solutions. The launch of supportive government policies is promoting IoT deployment, such as funding for R&D and initiatives to create IoT-friendly regulatory frameworks. The presence of leading semiconductor manufacturers and innovations in the sector are also driving the regional market expansion.

Product Code: 8727

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 IoT chipset industry 360 degree synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing demand for connected devices in smart homes
  - 3.8.1.2 Growing adoption of IoT technology in industrial automation
  - 3.8.1.3 Rising popularity of wearable devices
  - 3.8.1.4 Growing demand for IoT solutions in logistics and supply chain management
  - 3.8.1.5 Growing interest in smart retail solutions
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Power consumption
  - 3.8.2.2 Cost and complexity
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Hardware, 2018 - 2032 (USD Billion)

5.1 Key trends
5.2 Processors
5.3 Connectivity ICs
5.4 Sensors
5.5 Memory devices
5.6 Logic devices
5.7 Others

Chapter 6 Market Estimates & Forecast, By Power Consumption, 2018 - 2032 (USD Billion)

6.1 Key trends
6.2 Less than 1 W
6.3 1 - 3 W
6.4. 3 - 5 W
6.5. 5 - 10 W
6.6 More than 10 W

Chapter 7 Market Estimates & Forecast, By End-Use Industry, 2018 - 2032 (USD Billion)

7.1 Key trends
7.2 Aerospace & Defense
7.3 Automotive & Transportation
7.4 BFSI
7.5 Building automation
7.6 Consumer electronics
7.7 Healthcare
7.8 Retail
7.9 Manufacturing
7.10 Oil & Gas
7.11 Others

Chapter 8 Market Estimates & Forecast, By Region, 2018 - 2032 (USD Billion)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 Analog Devices Inc.
9.2 Cypress Semiconductor Corporation
9.3 Intel Corporation
9.4 Invensense Inc.
9.5 Mediatek Inc.
9.6 Microchip Technology Inc.
9.7 Nordic Semiconductor ASA
9.8 NXP Semiconductors NV
9.9 Qualcomm Technologies Inc.
9.10 Samsung Electronics Co. Ltd
9.11 Silicon Laboratories Inc.
9.12 STMicroelectronics NV
9.13 Texas Instruments Incorporated

IoT Chipset Market - By Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices, Others), By Power Consumption (Less than 1 W, 1 - 3 W, 3 - 5 W, 5 - 10 W, more than 10 W), By End-use Industry, Forecast 2024 - 2032