IoT Chip Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The IoT Chip market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“IoT Chip Market report is anticipated to register a CAGR of over 13.68% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global IoT Chip Market are –
- Intel Corporation.
- Qualcomm Incorporated.
- NXP Semiconductors N.V.
- Texas Instruments Incorporated.
- Cypress Semiconductor Corporation.
- Mediatek Inc.
- Microchip Technology Inc.
- Renesas Electronics Corporation.
- STMicroelectronics N.V.
- Huawei Technologies Co. Ltd.
- Nvidia Corporation.
- Advanced Micro Devices Inc.
- Samsung Electronics Co. Ltd.
- Cypress Semiconductor.
- Nordic Semiconductor.
- Semtech Corporation.
The IoT chip market is expected to register a CAGR of over 13.68% during the forecast period 2018 – 2023. The report profiles the end user segments, like healthcare, building automation and automotive of the IoT chip market for various regions.
Increasing demand for monitoring, control, and sensing devices has had a positive impact on the IoT chip market. Various end-user industries are increasingly adopting IoT solutions as it has proved to be a cost-effective and provided easier system-wide integration. Major companies and governments in North America and Europe are increasingly investing in IoT technology and this has led to the market growth. Automotive and building automation are the major segments that are estimated to drive the IoT chip market during the forecasted period. The market also has certain opposition force, owing to the industry wide concerns with the security and privacy of data due to distributed and large number of connected devices.
Government Funding to Improve IoT Infrastructure
The US federal agencies, European Union, the Governments of China and India have announced to invest on IoT infrastructure. Emerging economies in APAC are expected to observe a high growth rate in the IoT market. India is expected to have a 5-6% share of the global IoT industry. Initiatives, like âDigital Indiaâ program and âSmart Cityâ concept launched by the government of India are providing required stimulus for the progress of the IoT industry in the region. Also, Chinese government is planning to invest USD 31.5 billion to make China a global player in semiconductors. The financial backing is anticipated to fast-track the progress of the Chinese technology industry and plans are underway to spend USD 150 billion on improving Chinas design and manufacturing abilities.
APAC is the Fastest growing Region for the IoT Chip Market
The APAC region, in the past 5 years, has observed increasing development due to China, India, and Japan. The countries in APAC are working to develop innovative technologies. Governments in the APAC region have provided a sound platform for IoT technology to expand and this has led to the strong growth in the APAC region. High growth of industrial IoT is another reason for the increasing development in this region
China is a major country driving the growth in the APAC region. China is developing its own distinctive and vibrant IoT, combining its desirable economies of scale with innovative novel devices and services that meet the specific needs of Chinese consumers and companies. China proves to offer economies of scale for IoT, which is unmatched by any other single country. Also, China has established an inter-agency council in 2013 to coordinate the governmentâs policy and action on IoT. Thus, China is a key force for APAC region.
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Scope of the Report:
The report analyses IoT Chip market, which includes –
- Analysis of the growth of IoT Chip market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides IoT Chip market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level IoT Chip market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on IoT Chip market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of IoT Chip Market Report:
- Varying dynamics of the IoT Chip industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- IoT Chip market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- IoT Chip market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase IoT Chip Market Report:
- The report analyses how stringent emission control norms will drive the global IoT Chip market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major IoT Chip market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of IoT Chip:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of IoT Chip Market Report @ https://www.360marketupdates.com/TOC/12887338#TOC
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