Global IoT Chip Market - Segmented by Hardware (Processor, Sensor, and Connectivity IC), End User, and Region - Growth, Trends, and Forecast (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||704890|
|出版日||ページ情報||英文 85 Pages
|世界のIoTチップ市場：ハードウェア（プロセッサー、センサー、コネクティビティIC）、エンドユーザー、地域別（2018年〜2023年） Global IoT Chip Market - Segmented by Hardware (Processor, Sensor, and Connectivity IC), End User, and Region - Growth, Trends, and Forecast (2018 - 2023)|
|出版日: 2018年08月18日||ページ情報: 英文 85 Pages||
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 'Digital India' program and 'Smart City' 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 China's 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 government's policy and action on IoT. Thus, China is a key force for APAC region.
Key Developments in the Market
June 2018: Samsung is developing dedicated chip for Internet of Things technology. Samsung Electronics is going all in on the internet of things (IoT). The company announced that it commenced production on the Exynos i T200, a processor optimised for IoT
June 2018: Inside Secure and Andes Join Forces to deliver secure IoT solutions to chipmakers for greater China and Asia markets. The two companies announced strategic partnership to bring the most advanced security capabilities to chipmakers for IoT applications and cloud connectivity
Major Players: 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., and SEMTECH CORPORATION, among others.
Reasons to Purchase The Report
Impact of growth of IoT infrastructure on the market
Analysis of various perspectives of the market with the help of Porter's five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares, and strategies employed by the major market players and key innovators
3-month analyst support, along with the Market Estimate sheet (in Excel)
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2 Research Methodology
3 Market Insights
4 Market Dynamics
5 Global IoT Chip Market Segmentation
List not Exhaustive
7 IoT Chip Market Investment Analysis
8 Future of IoT Chip Market