Most Growing Technology IoT Chip Market Insights, Opportunity & Analysis

IoT Chip Market by Hardware (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), End-Use Application (Wearable Devices, Building Automation, Industrial, Automotive & Transportation, and Others), and Geography

(EMAILWIRE.COM, February 23, 2018 ) The major drivers for the growth of the IoT chip market are the increasing demand for application-specific MCUs and flexible SoC-type designs and increasing investments by major giants of this industry in the IoT market.

Of all the major end-use applications, automotive and transportation held the largest share of the IoT chip market in 2015. The growth of the automotive and transportation application was primarily driven by the development of intelligent transportation systems (ITS) and high potential for the growth of connected cars.

For complete information, download this latest PDF: https://tinyurl.com/yamo2nwm

The IoT chip market for the retail end-use application is expected to grow at the highest CAGR from 2016 to 2022, followed by wearable devices.

The rising demand from customers for easier and better shopping experience would drive the use of IoT in the retail application as it would help customers to reduce checkout times, facilitate easier payment procedures, and enable a comparative cost analysis.

On the basis of hardware, the IoT chip market has been segmented into processor, sensor, connectivity IC, memory device, and logic device. Connectivity ICs held a major share of the market in 2015.

The automotive and transportation end-use application held the largest share of the IoT chip market in 2015. The major factor driving the growth of this market is the rise of new segments in the automotive and transportation sector such as connected cars and intelligent transportation systems (ITS) with the advancement of IoT.

The companies that are profiled in the IoT Chip report are Intel Corporation (U.S.), Qualcomm Incorporated (U.S.), Texas Instruments Incorporated (U.S.), NXP Semiconductors N.V. (Netherlands), Microchip Technology Inc. (U.S.), MediaTek Inc. (Taiwan), STMicroelectronics N.V. (Switzerland), Renesas Electronics Corporation (Japan), Huawei Technologies Co., Ltd. (China), NVIDIA Corporation (U.S.), etc.





About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com