DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "IoT Chip Market by Hardware, End-Use Application, and Geography - Global Forecast to 2022" report to their offering.
The IoT chip market is expected to reach USD 14.81 Billion by 2022 from USD 5.75 Billion in 2015, growing at a CAGR of 13.2% during the forecast period. 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.
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 significant recent development of IoT-enabled products is one of the key factors leading to the dominance of this segment.
- Advanced Micro Devices, Inc.
- Cypress Semiconductor Corporation
- Huawei Technologies Co., Ltd.
- Intel Corporation
- Mediatek Inc.
- Microchip Technology Inc.
- Nvidia Corporation
- NXP Semiconductors N.V.
- Qualcomm Incorporated
- Renesas Electronics Corporation
- Samsung Electronics Co., Ltd.
- Stmicroelectronics N.V.
Texas Instruments Incorporated
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 IoT Chip Market, By Hardware
8 Market, By End-Use Application
9 IoT Chip Market, By Geography
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/5kp8lz/iot_chip_market