PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1788042
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1788042
Global IoT Chipset Market Introduction and Overview
According to SPER market research, 'Global IoT Chipset Market Size- By Product, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global IoT Chipset Market is predicted to reach 1241.69 billion by 2034 with a CAGR of 9.56%.
An IoT chipset consists of integrated circuits specifically designed to facilitate connectivity, processing, and data transmission in Internet of Things (IoT) devices. These chipsets commonly include microcontrollers, processors, memory, and connectivity modules such as Wi-Fi, Bluetooth, or cellular. Acting as the core of IoT devices, they enable data collection from sensors, information processing, and communication with other devices or networks.
Restraints: The IoT chipset market encounters several challenges that may hinder its growth and progress. A key challenge is designing chips that effectively balance high performance with low power consumption, which is crucial for extending battery life in many IoT devices. Additionally, maintaining strong security and data privacy is vital, as connected devices face increasing risks of cyberattacks. Furthermore, interoperability issues arising from the variety of IoT standards and protocols create obstacles, making seamless communication between devices from different manufacturers difficult.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Product, By End Use
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Qualcomm Technologies Inc., Intel Corporation, STMicroelectronics N.V., Texas Instruments Incorporated, NXP Semiconductors N.V., Samsung Electronics Co. Ltd., Analog Devices Inc., MediaTek Inc., Microchip Technology Inc., Infineon Technologies AG.
Global IoT Chipset Market Segmentation:
By Product: Based on the Product, Global IoT Chipset Market is segmented as; Connectivity Integrated Circuits (ICs), Logic Devices, Memory Devices, Processors, Sensors.
By End-use: Based on the End-use, Global IoT Chipset Market is segmented as; Consumer Electronics, Wearable Devices, Automotive & Transportation, BFSI, Healthcare, Retail, Building Automation, Oil & Gas, Agriculture, Aerospace & Defense, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.