IoT Chips Market Report Scope & Overview:

The IoT Chips Market Size was valued at USD 441.37 billion in 2022, and is expected to reach USD 708.81 billion by 2030 and grow at a CAGR of 6.1% over the forecast period 2023-2030.

The Internet of Things (IoT) is an electronic device embedded with objects or machines that exchanges data via wireless networks. It is known as radio chips, and it collects, sends, or acts on data using an embedded processor, hardware, and sensors. It is a network of physical and virtual objects that communicate with one another via cloud technology. IoT technology is in high demand in many industries, including electronics, automotive, thermostats, vending machines, speaker systems, and security systems, because it allows for real-time monitoring and easy access to information and communication. People are familiar with various communication technologies as a result of smart phones, tablets, TVs, and other electronic appliances that are widely used on a daily basis. WI-FI, Bluetooth, ZigBee, 2G/3G/4G, and cellular technology are examples of such technologies. However, a few new technologies have emerged and have been integrated with IoT, such as Thread for home automation appliances and Whitespace TV technologies for a larger area in major cities. For example, in smart phones, the IoT chip enables phones to communicate with all other devices and sensors via any technology.

IoT Chips Market Revenue Analysis

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  • Low-cost smart wireless sensor networks are expanding.

  • An increasing proclivity to use AI and 5G technologies.

  • Increasing the number of application-specific MCUs and flexible SoC-type designs.


  • Concerns about user data security and privacy.


  • Collaborations across domains.

  • Government funding for IoT innovation and R&D.


  • The connected devices consume a lot of power.

  • Lack of platform-specific protocols and communication standards.


COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. Supply chain disruptions and decreased demand for industrial products as a result of poor economic conditions in several countries have hampered the growth of IoT connections. Consumer electronics production has slowed, and logistics disruptions have hampered industrial unit growth. Furthermore, IoT contracts were cancelled and postponed as several businesses reduced their expenses and adopted new business strategies.

Based on end user, the IoT Chips market is segmented into Wearable Devices, Consumer Electronics, Retail, Healthcare, Manufacturing, Building Automation, Oil & Gas, Aerospace & Defense, Automotive & Transportation, BFSI and Agriculture.

The demand for energy-efficient solutions, improved security, increased venture capital funding, and the ongoing need to improve living standards have all contributed to the growth of the building automation market. Building automation has progressed from wired to wireless technology, with technologies such as ZigBee, Z-wave, EnOcean, Wi-Fi, and Bluetooth Smart revolutionising the market. Furthermore, rising energy conservation awareness, stringent legislation and building directives, the promotion of numerous smart grid technology, and the availability of a number of open protocols are propelling the building automation market forward.

IoT provides connectivity and integration, as well as broad views of the manufacturer's operations in the aerospace and defence segment in the industrial application. Sensors are used in the aerospace and defence end-use application to collect comprehensive machine data. These sensors are suitable for use on critical equipment, machines, and vehicles. The Internet of Things provides numerous opportunities for airlines to improve baggage handling and equipment monitoring.

Based on hardware, the IoT Chips market is segmented into Processors, Logic devices, Connectivity Integrated Circuits (ICs), Sensors, Memory devices and Others.



  • Processors

  • Logic devices

  • Connectivity Integrated Circuits (ICs)

  • Sensors

  • Memory devices

  • Others


  • Wearable Devices

  • Consumer Electronics

  • Retail

  • Healthcare

  • Manufacturing

  • Building Automation

  • Oil & Gas

  • Aerospace & Defense  

  • Automotive & Transportation

  • BFSI

  • Agriculture

IoT Chips Market Segmentation Analysis

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North America is an important market because it is home to some of the most powerful multinational corporations in the IoT ecosystem. Increased R&D in the field of IoT in terms of new and improved technologies, as well as the growing demand for better lifestyles, are the two key factors driving the growth of the North American IoT chip market. Increasing R&D at both the academic and industrial levels is broadening the application areas of IoT in various industries, including consumer electronics, retail, automotive and transportation, and healthcare, particularly in the United States. This is the primary driver of IoT application growth in North America.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the IoT Chips market are Intel Corporation, Qualcomm Incorporated, Mediatek, Samsung Electronics, Microchip Technology, Silicon Laboratories, Telit Communications, STMicroelectronics, Texas Instruments Incorporated, Nordic Semiconductor & Other Players.

Samsung Electronics-Company Financial Analysis

IoT Chips Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 441.37 Billion
Market Size by 2030 US$ 708.81 Billion
CAGR CAGR of 6.1% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Hardware (Processors, Logic Devices, Connectivity Integrated Circuits (ICs), Sensors, Memory Devices, Others)
• By End User (Wearable Devices, Consumer Electronics, Retail, Healthcare, Manufacturing, Building Automation, Oil & Gas, Aerospace & Defense, Automotive & Transportation, BFSI, Agriculture)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Intel Corporatio, , Qualcomm Incorporated, Mediatek, Samsung Electronics, Microchip Technology, Silicon Laboratories, Telit Communications, STMicroelectronics, Texas Instruments Incorporated and Nordic Semiconductor, and other players
Key Drivers • Low-cost smart wireless sensor networks are expanding.
• An increasing proclivity to use AI and 5G technologies
RESTRAINTS • Concerns about user data security and privacy.

Frequently Asked Questions

The IoT Chips Market size is USD 441.37 billion in 2022.

The IoT Chips Market is growing at a CAGR of 6.1% over the forecast 2023-2030.

The key players in the IoT Chips market are Intel Corporatio, , Qualcomm Incorporated, Mediatek, Samsung Electronics, Microchip Technology, Silicon Laboratories, Telit Communications, STMicroelectronics, Texas Instruments Incorporated and Nordic Semiconductor.

Low-cost smart wireless sensor networks are expanding, An increasing proclivity to use AI and 5G technologies and Increasing the number of application-specific MCUs and flexible SoC-type designs.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model


7.  PEST Analysis


8. IoT Chips Market Segmentation, by Hardware


8.2 Processors

8.3 Logic devices

8.4 Connectivity Integrated Circuits (ICs)

8.5 Sensors

8.6 Memory devices

8.7 Others

9. IoT Chips Market Segmentation, by End user


9.2 Wearable Devices

9.3 Consumer Electronics

9.4 Retail

9.5 Healthcare

9.6 Manufacturing

9.7 Building Automation

9.8 Oil & Gas

9.9 Aerospace & Defense  

9.10 Automotive & Transportation

9.11 BFSI

9.12 Agriculture

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company Profiles

11.1 STMicroelectronics

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Intel Corporation

11.3 Qualcomm Incorporated

11.4 Mediatek

11.5 Samsung Electronics

11.6 Microchip Technology

11.7 Silicon Laboratories

11.8 Telit Communications

11.9 Texas Instruments Incorporated

11.10 Nordic Semiconductor

12. Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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Data Bank Validation

Step 4: QA/QC Process

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