PUBLISHER: The Business Research Company | PRODUCT CODE: 1751030
PUBLISHER: The Business Research Company | PRODUCT CODE: 1751030
IoT Semiconductor Global Market Report 2025
IoT semiconductors are specialized chips and integrated circuits designed to provide connectivity, processing, and sensing capabilities in Internet of Things (IoT) devices. These semiconductors include microcontrollers, sensors, wireless communication modules, and power management units, enabling efficient data collection, transmission, and real-time decision-making in connected environments.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The primary types of IoT semiconductors include IoT sensors, IoT processors, IoT chips, and other components. IoT sensors are devices that gather and transmit data from the physical environment to a network, allowing for real-time monitoring and control of systems such as smart homes, healthcare, transportation, and industrial applications. These products include connectivity integrated circuits (ICs), logic devices, memory devices, processors, and other components. They cater to a wide variety of end-users, including sectors such as banking, financial services, insurance, healthcare, retail, manufacturing, information technology, telecommunications, and others.
The IoT semiconductor market research report is one of a series of new reports from The Business Research Company that provides IoT semiconductor market statistics, including the IoT semiconductor industry global market size, regional shares, competitors with the IoT semiconductor market share, detailed IoT semiconductor market segments, market trends, and opportunities, and any further data you may need to thrive in the IoT semiconductor industry. This IoT semiconductor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The IoT semiconductor market size has grown rapidly in recent years. It will grow from $513.70 billion in 2024 to $600.38 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. The growth during the historic period can be attributed to the increasing demand for IoT devices, a rise in the need for connected and smart devices, a surge in demand for smart home and smart city solutions, the growing popularity of IoT in consumer applications, and rising disposable income.
The IoT semiconductor market size is expected to see rapid growth in the next few years. It will grow to $1,105.48 billion in 2029 at a compound annual growth rate (CAGR) of 16.5%. The growth during the forecast period can be attributed to the increasing demand for energy-efficient semiconductor solutions, a growing need for low-power devices, widespread adoption of edge computing, the rising deployment of edge devices requiring specialized semiconductor components, and the expansion of interconnected devices. Key trends during this period include advancements in wireless communication technologies, the development of low-power semiconductors, the integration of IoT technology, technological advancements, and the incorporation of artificial intelligence and machine learning.
The growing demand for connected devices is expected to significantly boost the growth of the IoT semiconductor market in the coming years. Connected devices are electronic devices that can communicate and exchange data with other devices or networks over the internet or local networks, enabling remote monitoring, control, and automation. This increasing demand is driven by advancements in technology, improved internet connectivity, and the rising need for automation, convenience, and real-time data access across various sectors. IoT semiconductors are crucial for enabling connected devices, providing essential hardware components such as sensors, processors, and communication modules that ensure seamless data exchange and connectivity. For example, in June 2023, Auxano Global Services, a US-based non-governmental organization, reported that the number of connected wearable devices worldwide grew from 929 million in 2021 to over 1.1 billion in 2022. As a result, the growing demand for connected devices is fueling the expansion of the IoT semiconductor market.
Leading companies in the IoT semiconductor market are focusing on developing advanced solutions, such as cellular IoT chips, to enhance connectivity, reduce power consumption, and support the expansion of IoT applications across various industries. Cellular IoT chips are specialized semiconductor components that allow IoT devices to connect and communicate over cellular networks such as 4G or 5G. For instance, in March 2025, Sequans Communications S.A., a France-based electronics company, launched two new chips, Calliope 3 and Monarch 3. These chips integrate 5G eRedCap technology with LTE solutions, enhancing connectivity, power efficiency, and cost-effectiveness. The Calliope 3 chip targets applications such as fleet management and wearables, while the Monarch 3 is designed for ultra-low power IoT applications, including smart metering and healthcare.
In March 2025, Trasna Solutions Technologies Limited, an Ireland-based technology company specializing in end-to-end mobile IoT solutions, acquired u-blox's cellular IoT module business for an undisclosed amount. This acquisition is aimed at strengthening Trasna's IoT connectivity offerings while enabling u-blox to focus more on its core positioning business. u-blox Holding, a Switzerland-based semiconductor company, provides semiconductor chips, modules, and IoT services.
Major players in the iot semiconductor market are Samsung Electronics Co. Ltd., Sony Semiconductor Solutions Corporation, Taiwan Semiconductor Manufacturing Company Limited, Qualcomm Technologies Inc., Toshiba Electronic Devices And Storage Corporation, Infineon Technologies AG, NXP Semiconductors N.V, Analog Devices Inc., Renesas Electronics Corporation, Seiko Epson Corporation, ON Semiconductor Corporation, Skyworks Solutions Inc., Realtek Semiconductor Corporation, Nordic Semiconductor ASA, Semtech Corporation, Polar Semiconductor Inc., Ambiq Micro Inc., Kudelski Group, InnoPhase Inc., Open Automation Software LLC
North America was the largest region in the iot semiconductor market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the IoT semiconductor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The IoT semiconductor market consists of sales of low-power microcontrollers, wireless communication modules, system-on-chip (SoCs), sensors, and power management ICs. Values in this market are 'factory gate' values, meaning the value of goods sold by semiconductor manufacturers, whether to device makers, system integrators, industrial users, or directly to end customers. The value of goods in this market includes related services such as software integration, firmware updates, and security enhancements.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
IoT Semiconductor Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
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Table of Contents
1. Executive Summary
2. IoT Semiconductor Market Characteristics
3. IoT Semiconductor Market Trends And Strategies
4. IoT Semiconductor Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market
5. Global IoT Semiconductor Growth Analysis And Strategic Analysis Framework
- 5.1. Global IoT Semiconductor PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global IoT Semiconductor Market Growth Rate Analysis
- 5.4. Global IoT Semiconductor Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global IoT Semiconductor Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global IoT Semiconductor Total Addressable Market (TAM)
6. IoT Semiconductor Market Segmentation
7. IoT Semiconductor Market Regional And Country Analysis
8. Asia-Pacific IoT Semiconductor Market
9. China IoT Semiconductor Market
10. India IoT Semiconductor Market
11. Japan IoT Semiconductor Market
12. Australia IoT Semiconductor Market
13. Indonesia IoT Semiconductor Market
14. South Korea IoT Semiconductor Market
15. Western Europe IoT Semiconductor Market
16. UK IoT Semiconductor Market
17. Germany IoT Semiconductor Market
18. France IoT Semiconductor Market
19. Italy IoT Semiconductor Market
20. Spain IoT Semiconductor Market
21. Eastern Europe IoT Semiconductor Market
22. Russia IoT Semiconductor Market
23. North America IoT Semiconductor Market
24. USA IoT Semiconductor Market
25. Canada IoT Semiconductor Market
26. South America IoT Semiconductor Market
27. Brazil IoT Semiconductor Market
28. Middle East IoT Semiconductor Market
29. Africa IoT Semiconductor Market
30. IoT Semiconductor Market Competitive Landscape And Company Profiles
31. IoT Semiconductor Market Other Major And Innovative Companies
32. Global IoT Semiconductor Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The IoT Semiconductor Market
34. Recent Developments In The IoT Semiconductor Market
35. IoT Semiconductor Market High Potential Countries, Segments and Strategies
36. Appendix
