Market Report, "IoT Chip Market - Global Forecast to 2022", published

From: Fast Market Research, Inc.
Published: Tue Feb 23 2016

IoT Chip Market by Application Vertical (Wearable Device, Healthcare, Consumer Electronics, Building Automation, Industrial, Automotive & Transportation) & Geography (North America, Europe, APAC, Row) - Global Forecast to 2022

"Integration of connectivity capabilities in an increasing number of devices and applications would drive the IoT chip market"

The IoT chip market size, in terms of value, is expected to grow from USD 4.58 billion in 2015 to USD 10.78 billion by 2022, at a CAGR of 11.5% between 2016 and 2022. Connectivity is a key capability required in IoT applications, both for consumer and enterprise infrastructure devices. Within the embedded device space, connectivity and network processing-related functions are increasingly being combined with embedded processors in various applications.

Full Report Details at

"Wearable device market to gain maximum traction during the forecast period"

The wearable devices market is estimated to grow at the highest CAGR during the forecast period and hold the largest market share by 2022. The growing popularity of Internet of Things and the increasing adoption of smart watches and activity trackers in the consumer markets are the major factors driving the growth of the wearable device market. The IoT chip market is also expected to witness growth in healthcare, consumer electronics, building automation, industrial, and automotive & transportation applications.

"APAC market for IoT chip to grow at the highest rate during the forecast period"

Countries such as China, India, and Japan are aggressively taking initiatives such as heavy investments in R&D to encourage the adoption of Internet of Things in the region, which is expected to boost the demand for IoT chip in the near future. The APAC market comprises developing economies such as China and India-which have a huge potential for the applications of Internet of Things-and Japan, which is home to many large companies such as Fujitsu Ltd. and Toyota Motor Corporation. These emerging markets are driving the growth of the IoT chip market in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profile of primary participants is given below:

* By Company Type: Tier 1 - 55 %, Tier 2 - 20% and Tier 3 - 25%
* By Designation: C-level - 60%, Director Level - 25%, Others - 15%
* By Region: North America - 10%, Europe - 20%, APAC - 40%, RoW - 30%

Governments across the globe are supporting and funding research and development in Internet of Things to boost their productivity. The investment of governments in future technologies provides huge opportunities for the semiconductor companies, thus driving the IoT chip market.

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