IoT chip Market Size to Reach Value of USD 34.74 Billion by 2028 | Global Analysis, Industry Statistics, Revenue, Demand and Trend Analysis Research Report by Emergen Research
Vancouver, British Columbia, Jan. 28, 2021 (GLOBE NEWSWIRE) — The Internet of Things (IoT) chip market is forecast to reach a market size of USD 34.74 Billion by 2028, and register a steady CAGR of 14.9%, over the forecast period, according to latest analysis by Emergen Research. Increasing adoption of connected devices is a major factor driving growth of the global IoT chip market. In addition, rising adoption of IoT technology for process automation is expected to further fuel growth of the IoT chip market during the forecast period. Increasing implementation of wireless networking technologies is expected to fuel IoT chip market revenue growth during the forecast period.
Claim Your FREE Sample Copy with Table of [email protected] https://www.emergenresearch.com/request-sample-form/489IoT chip’s interoperability issue is a primary factor expected to hamper preference and deployment, and in turn, impact growth of the IoT chip market to a certain extent over the forecast period.Key Highlights in the ReportGrowing utilization of temperature and pressure sensors in the manufacturing industry is expected to result in significantly high revenue growth for the sensor segment over the forecast period.Increasing application of IoT enabled devices such as smart baggage tracking and smart baggage tags to enhance customer experience is driving revenue growth of the aerospace & defense segment, which is expected to expand at a steady CAGR of 15.2% over the forecast period.Rising government focus on developing smart cities in countries in Asia Pacific is a key factor expected to support revenue growth of the market in the region to a significant extent during the forecast period.Key market participants include NXP Semiconductors N.V., Samsung Electronics Co., Ltd., Intel Corporation, Qualcomm Incorporated, Texas Instruments Incorporated, Microchip Technology Inc., STMicroelectronics N.V., Cypress Semiconductor Corporation, NVIDIA Corporation, and Huawei Technologies Co., Ltd.In May 2020, Rivet Networks LLC acquired Intel Corporation. Through this acquisition, Intel will strengthen its Wi-Fi offerings.Check Our [email protected] https://www.emergenresearch.com/select-license/489
Emergen Research has segmented the IoT chip market on the basis of product, end-use, and region.Product Outlook (Revenue, USD Billion; 2021–2028)ProcessorDigital Signal Processor Application ProcessorMicrocontrollerConnectivity ICBluetoothBluetooth Low EnergyZigbeeAnt+EthernetNear-Field Communication (NFC)Wireless Fidelity (Wi-Fi)Wireless Highway Addressable Remote TransducerThreadGlobal Navigation Satellite System ModuleMemory DeviceDynamic Random-Access MemoryStatic Random-Access MemorySensorHeart Rate SensorTemperature SensorAccelerometerPressure SensorInertial Measurement UnitBlood Glucose SensorImage SensorBlood Oxygen SensorElectrocardiogram SensorFlow SensorAmbient Light SensorImage SensorHumidity SensorMotion & Position SensorGas SensorLogic DeviceField-Programmable Gate ArrayEnd-use Outlook (Revenue, USD Billion; 2021–2028)HealthcareRetailBuilding AutomationConsumer ElectronicsBFSIAgricultureAutomotiveAerospace & DefenseOil & GasOthersClick to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/iot-chip-marketRegional Outlook (Revenue, USD Billion; 2021–2028)North AmericaU.S.CanadaMexicoEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaIndiaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAERest of MEATake a Look at our Related Reports:AI-Enabled Medical Imaging Solutions Market By Product (Software, Hardware), By Workflow (Image Acquisition, Image Analysis, Reporting, and Communication), By Therapeutic Application (General Imaging, Specialty Imaging), By Deployment Mode, By Modality, and By Region, Forecasts to 2027Smart Factory Market By Component (Industrial Robotics, Sensors, Control Devices, Industrial Network, Machine Vision), By Solution (PLC, PLM, MES, ERP, SCADA), By Industries (Process Industries and Discrete Industries), Forecasts to 2027Smart Manufacturing Market By Information Technology (Manufacturing Execution System, Industrial Communication), By Enabling Technology (Industrial Robotics, IIoT), By Industry (Aerospace & Defense, Automotive), Forecasts to 2027About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected]Facebook | LinkdIn | Twitter | BlogsRead Full Press [email protected] https://www.emergenresearch.com/press-release/global-internet-of-things-chip-market