How big is the Global IoT Chip Market?

The Global IoT Chip Market size is expected to reach USD 0.58 trillion in 2024 and grow at a CAGR of 14.70% to reach USD 1.16 trillion by 2029. Read More

What is the current Global IoT Chip Market size?

In 2024, the Global IoT Chip Market size is expected to reach USD 0.58 trillion. Read More

Who are the key players in Global IoT Chip Market?

Qualcomm Technologies Inc., Samsung Electronics Co. Ltd, Analog Devices Inc., Intel Corporation and STMicroelectronics NV are the major companies operating in the Global IoT Chip Market. Read More

Which is the fastest growing region in Global IoT Chip Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global IoT Chip Market?

In 2024, the North America accounts for the largest market share in Global IoT Chip Market. Read More

What years does this Global IoT Chip Market cover, and what was the market size in 2023?

In 2023, the Global IoT Chip Market size was estimated at USD 0.51 trillion. The report covers the Global IoT Chip Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global IoT Chip Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

IoT Chip Market - Share, Size & Industry Manufacturers

IoT Chip Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global IoT Chips Market Analysis and is Segmented by Product (Processor, Sensor, Connectivity IC, Memory Device, and logic Device), End-user (Healthcare, Consumer Electronics, Industrial, Automotive, BFSI, Retail, and Building Automation), and Geography.

IoT Chip Industry Overview

The Global Internet of Things (IoT) Chip Market is moderately competitive, with a considerable number of regional players. The companies are leveraging strategic collaborative initiatives and acquisitions to increase market share and profitability.

June 2021 - Impinj Inc., which is a RAIN RFID provider and Internet of Things provider, announced the introduction of three new RAIN RFID reader chips that enable IoT device manufacturers to meet the increasing demand for item connectivity in applications such as retail, supply chain and logistics, and consumer electronics, among other markets.
June 2021 - Qualcomm launched seven of its new IoT chipsets that were targeted at devices meant for logistics, warehousing, smart cameras, video collaboration, and retail, among other applications. The company also stated that these new IoT solutions offer significant capabilities for a wide range of connected solutions and smart devices with extended life hardware and software options to achieve long-term support for a minimum of eight years.