IoT Chip Market size was valued at USD 23.2 Billion in 2024 and is projected to reach USD 62.5 Billion by 2033, exhibiting a CAGR of 12.5% from 2026 to 2033.
The global IoT chip market was valued at approximately USD 20.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 26.7% from 2023 to 2030. The increasing adoption of connected devices, the growing trend of smart homes, and advancements in wireless technologies are driving the markets expansion. The IoT chip market includes various components such as sensors, processors, memory, and connectivity ICs, all of which contribute to the overall growth. In terms of regional analysis, North America held a significant share of the market in 2022, accounting for roughly 35% of the global market, primarily due to the early adoption of IoT technologies and the presence of key industry players in the region. Europe also represented a substantial market share, driven by the demand for connected devices in industries like healthcare, automotive, and manufacturing.
In the Asia Pacific region, the IoT chip market is expected to experience the highest growth during the forecast period, with a CAGR of over 30%. The regions expanding manufacturing capabilities, rapid urbanization, and the proliferation of smart cities are some of the key factors boosting demand for IoT chips. China, Japan, and India are expected to lead the growth in this region. Additionally, the Middle East and Africa (MEA) market is showing promising growth, fueled by increasing infrastructure development and smart city initiatives. The Latin American market is also set to grow steadily, driven by investments in IoT technologies and the rising number of connected devices across various sectors.
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INTEL
QUALCOMM IncRPORATED
NXP SEMICONDUCTORS
TEXAS INSTRUMENTS IncRPORATED
CYPRESS SEMICONDUCTOR
MEDIATEK
MICROCHIP TECHNOLOGY
RENESAS ELECTRONICS
STMICROELECTRONICS
HUAWEI TECHNOLOGIES
NVIDIA
ADVANCED MICRO DEVICES
SAMSUNG ELECTRONICS
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global IoT Chip Market
Microcontroller Unit (MCU)
Processor
Memory Chip
Sensor
Wi-Fi
Bluetooth
Zigbee
Cellular
LPWAN
Consumer Electronics
Automotive
Healthcare
Industrial Automation
Smart Home
Smart Appliances
Wearables
Connected Vehicles
Smart City Infrastructure
Industrial IoT (IIoT)
Edge Computing
Cloud Computing
Machine Learning
Artificial Intelligence
Blockchain
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global IoT Chip Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global IoT Chip Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IoT Chip Market, By Type
6. Global IoT Chip Market, By Application
7. Global IoT Chip Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global IoT Chip Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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