Europe IoT Communication Chip Market was valued at USD 2.47 Billion in 2022 and is projected to reach USD 7.18 Billion by 2030, growing at a CAGR of 14.5% from 2024 to 2030.
The European Internet of Things (IoT) communication chip market is experiencing remarkable growth, propelled by the increasing integration of IoT technologies across various industries. This surge is influenced by several factors, including the demand for efficient connectivity solutions, advancements in chip technologies, and the European Union's substantial investments in digital transformation projects. Notably, the market is projected to expand at a Compound Annual Growth Rate (CAGR) of 10.6% from 2024 to 2031, highlighting its significant potential. citeturn0search1
**Market Segmentation and Growth Drivers**
The IoT chip market in Europe is diverse, encompassing various hardware components and industry applications. Key segments include:
Hardware Components:
Processor: Central to data processing tasks in IoT devices.
Sensor: Essential for data collection from the environment.
Connectivity Integrated Circuits (ICs): Facilitate wireless communication through protocols like Bluetooth, Wi-Fi, Zigbee, and cellular networks. This segment is anticipated to witness the highest CAGR, driven by the growing need for reliable and energy-efficient connectivity solutions. citeturn0search5
Memory Device: Store data generated by IoT devices.
Logic Device: Handle decision-making processes within IoT systems.
Industry Verticals:
Industrial: Adoption of IoT chips in manufacturing processes for enhanced efficiency and automation.
Consumer Electronics: Integration of IoT chips in devices like smart TVs, wearables, and home appliances to offer advanced features.
Automotive: Utilization of IoT chips in vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications, as well as in-car entertainment systems. These chips support GPS navigation, telematics, driver assistance, remote diagnostics, and over-the-air software updates, enhancing automobile safety, efficiency, and user experience. citeturn0search1
Healthcare: Deployment of IoT chips in medical devices for real-time patient monitoring and data transmission to healthcare providers.
Retail: Use of IoT chips in inventory tracking systems, RFID tags, and smart shelves to monitor product availability, streamline inventory management, and enhance the shopping experience. citeturn0search1
Banking, Financial Services, and Insurance (BFSI): Implementation of IoT solutions for secure transactions and customer data management, emphasizing data security and privacy. citeturn0search1
**Regional Insights and Key Players**
Geographically, Germany leads the European IoT chip market, with projections indicating a market value of $65.195 billion by 2031. The United Kingdom and France are also significant contributors, with expected CAGRs of 9.6% and 11.5%, respectively, during the forecast period. citeturn0search1
Major players in the European IoT chip market include Samsung Electronics Co., Ltd., STMicroelectronics N.V., Analog Devices, Inc., NXP Semiconductors N.V., Qualcomm Incorporated, Intel Corporation, MediaTek, Inc., Texas Instruments, Inc., Infineon Technologies AG, and Microchip Technology Incorporated. These companies are actively involved in developing advanced IoT chip solutions to meet the evolving demands of various industries. citeturn0search1
**Emerging Trends and Future Outlook**
Looking ahead, the European IoT chip market is poised for continued expansion, driven by technological advancements and increasing adoption across sectors. The emphasis on environmental sustainability is leading to the development of energy-efficient chips, addressing concerns related to production, energy consumption, and electronic waste. citeturn0search4 Additionally, the formation of alliances such as the Ambient IoT Alliance aims to establish an open, interoperable ecosystem for ambient IoT products, further enhancing the market's growth prospects. citeturn0news24
In summary, the European IoT communication chip market is on a robust growth trajectory, influenced by technological innovations, strategic investments, and the widespread adoption of IoT solutions across various industries. This dynamic landscape offers significant opportunities for stakeholders to contribute to and benefit from the evolving IoT ecosystem.
Get an In-Depth Research Analysis of the Europe IoT Communication Chip Market Size And Forecast [2025-2032]
Â
Infineon Technologies
Leaguer MicroElectronics
STMicroelectronics
Onsemi
Renesas Electronics
Intellon
Microchip
Nisshinbo Micro Devices
HiSilicon Technologies
Analog Devices
Shanghai Belling
Triductor Technology
Topscomm Communication
Eastsoft Communication Technology
Zhonghui MICROELECTRONICS
Â
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
Get Discount On The Purchase of the Europe IoT Communication Chip Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Europe IoT Communication Chip Market
Cellular Communication
Short Range Communication
Long Range Communication
Satellite Communication
Low Power Wide Area Network (LPWAN)
System-on-Chip (SoC)
Microcontroller Units (MCUs)
Application-Specific Integrated Circuits (ASICs)
Field Programmable Gate Arrays (FPGAs)
Radio Frequency Integrated Circuits (RFICs)
Healthcare
Automotive
Agriculture
Consumer Electronics
Industrial Automation
Smart Homes and Buildings
Data Processing
Data Transmission
Data Storage
Integration with Cloud Services
Real-time Monitoring and Control
Ultra-Low Power Chips
Low Power Chips
Medium Power Chips
High Power Chips
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)
For More Information or Query, Visit @ IoT Communication Chip Market Research Analysis
1. Introduction of the Europe IoT Communication 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. Europe IoT Communication Chip Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe IoT Communication Chip Market, By Type
6. Europe IoT Communication Chip Market, By Application
7. Europe IoT Communication Chip Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe IoT Communication Chip Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Europe Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/