736 , Shakti Khund III , New Delhi

Global IoT Chip Market By Hardware (Processors, Connectivity Integrated Circuits, Logic Devices, Others), By Application (Automotive & Transportation, Oil & Gas, Agriculture, Others), By Region, Forecast & Opportunities to 2026

The global IoT chip market accounted for a value of USD 360.6 in 2019 and is projected to register growth at a CAGR of 5.5% during forecast period.

COVID-19 has impacted the IoT chip market. The manufacturing units have to halt its production and supply chain got disrupted due to lockdown and travel restriction. The demand for end-user is declining as the demand for electronics devices, machines and others objects is decreasing around the world. The pandemic has reduced the demand for IoT chip and the growth is slowed down due to COVID-19.


IoT chip can be defined as small electronic device embedded in machines, objects and electronic devices. It helps in connecting to wireless networks and it sends and receives data. It is also sometimes referred to as radio chip. This chip contains the same technology and data circuits which are found in mobile phones.

Market Dynamics (Drivers/Opportunities):

The internet connectivity is developing in various countries which are technologically advanced. The low-cost smart wireless sensor networks are growing immensely and this increases use of IoT chip in the market. Thus, drives growth in IoT chip market during forecast period.

The application specific MCUs and flexible SoC-type design are growing immensely. The integration of connectivity capabilities activities is increasing in the number devices. The government is supporting this market and investing in research & development department to launch innovative products in the market. This drives growth in IoT chips market during forecast period.

Market Insights, by Hardware

On the basis of hardware, the IoT chip market is segmented into logic devices, processors, sensors, memory devices and connectivity integrated circuits. The logic devices segment is estimated to be the fastest growing segment during forecast period. Logic device are need to implement IoT and it is one of the very important hardware used in IoT chip market. The logic device offer advantages such as shorter time to market and rapid prototyping. The demand for logic devices are increasing and this drives growth in logic device segment during forecast period.

Market Insights, by Application

On the basis of application, the IoT chip market is segmented into aerospace & defense, agriculture, BFSI, oil & gas, retail, manufacturing, building automation, automotive & transportation, healthcare, consumer electronics and wearable device. The aerospace & defense segment is estimated to dominate the market during forecast period. The IoT is widely used in aerospace & defense segment as it provides integration and connectivity and helps in equipping the manufacturer with wide range of views of their operations in aerospace & defense end-use. This segment uses sensors to capture machine data and these sensors are sued on different equipment, vehicles and machines. The use of IoT also helps in equipment monitoring and baggage handling. This drives growth in aerospace & defense segment in IoT chips market during forecast period.

Regional Insights

North America region is estimated to hold largest market share during forecast period. This region is home for various largest multinational corporations such as Dell, Intel, and Cisco System etc. The research and development segment in IoT is increasing and the demand for new and improved technologies is increasing. The lifestyle of people is increasing around the world due to which the demand for advanced technologies is increasing. This drives growth in North America region in IoT chips market during forecast period.

Key Companies & Market Share Insights

The key market players in IoT chips industry are Intel Corporation, Texas Instruments Incorporated, Qualcomm Incorporated, NXP Semiconductor, MediaTek Inc., Marvell Technology group, Microchip Technology Inc., Cypress Semiconductor Corporation, Renesas Electronics Corporation, Huawei Technologies Co., NVIDIA Corporation, Samsung Electronics, Advanced Micro Devices (AMD), STMicroelectronics N.V., TE Connectivity Ltd. and Nordic Semiconductor.

Segments Covered in the Report

This report forecasts The Global IoT Chips Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global IoT chips market report on the basis of hardware and application.

IoT Chip Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. IoT Chip Market, By Hardware, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Logic Devices
  • Processors
  • Sensors
  • Memory Devices
  • Connectivity Integrated Circuits (ICs)
  1. IoT Chip Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Aerospace & Defense
  • Agriculture
  • BFSI
  • Oil & Gas
  • Retail
  • Manufacturing
  • Building Automation
  • Automotive & Transportation
  • Healthcare
  • Consumer Electronics
  • Wearable Device.
  1. IoT Chip Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Hardware
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Hardware
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Hardware
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Hardware
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Hardware
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Texas Instruments Incorporated
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Intel Corporation
    • Qualcomm Incorporated
    • NXP Semiconductor
    • MediaTek Inc.
    • Marvell Technology Group
    • Microchip Technology Inc.
    • Cypress Semiconductor Corporation
    • Renesas Electronics Corporation
    • Huawei Technologies Co.
    • NVIDIA Corporation
    • Samsung Electronics
    • Advanced Micro Devices (AMD)
    • STMicroelectronics N.V.
    • TE Connectivity Ltd.
    • Nordic Semiconductor
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista


1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:


1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.


Please share your details to receive a sample copy of the report

Single User : $3750
Multi User : $6100
Buy Now


Why Choose Us

  • 24*7 Post Sales Support
  • Speak to Analyst for Presentations
  • 15% Free Customization
  • Global, Regional & Country level reports
  • Special Discounts for Startups & Educational Institutions

Questions ?

  • What is 15% Free Customization?
  • What is Report Subscription?
  • What is the Delivery Time of the Report?

What You Get

Data Excel Sheets

Report in PDF

Report Subscription

Analyst Support

What's Included

Market Intelligence

Competitive Intelligence

Opportunities and Challenges

Strategic Recommendations