IoT Chips Market Size, Share, By Product Type (Microcontrollers, Application Processors, Connectivity ICs, Memory Devices, Sensors, Power Management ICs, RFID), By Application (Wearables, Smart Homes, Smart Cities, Healthcare, Industrial IoT, Automotive, Agriculture, Retail), By End-Use Industry (Consumer Electronics, Automotive, Healthcare, Manufacturing, Retail, Agriculture, Energy & Utilities, Transportation & Logistics), and By Region - Trends, Analysis and Forecast till 2034

IoT Chips market size was valued at USD 477.11 Billion in 2024 and is expected to reach USD 817.31 Billion by 2034, growing at a CAGR of 6.1%.

IoT chips have taken shape as a changing technological landscape where everyday objects are interconnected via devices and connected to the Internet for communication, all to exchange data easily. Right at the heart of it all is the chip that makes the Internet of Things possible—a specialized semiconductor piece at the heart of every IoT device. These chips are purposefully designed to address the specific needs of applications in the IoT space: deficient power consumption, reduced form factor, and enhanced connectivity. With the proliferation of IoT chips in everything, from smart homes and wearables to industrial automation and healthcare, their business value has surged in the market. This is because the requirement for IoT devices is growing, and the chips that run on these devices are also very much required. The applications of the products in the IoT chips market are also vast, with varied use cases requiring different needs. These come as microcontrollers, microprocessors, SoC, and wireless communication modules. Microcontrollers are highly used among low-power IoT devices, and they can provide basic computational capabilities along with peripheral interfaces.

In contrast, microprocessors are powerful and suitable for such complex IoT applications. SoCs will include multiple components on a single chip: processors, memory, and communication modules, reducing the overall footprint and power consumption. The last type of module, wireless communication modules, connects IoT devices to the Internet to receive and send information to different modules.

Prominent players dominating the IoT chips market include semiconductor giants such as Qualcomm, Intel, Texas Instruments, and NXP Semiconductors. Following high investments in research and development, these companies can introduce innovative chip solutions that cater to the emerging demands of the IoT market. Yet, the market needs to be more cohesive, with many smaller specialized chipmakers who supply only specialized niche products or compete based on expertise in a select area. Low power consumption ensures IoT devices are durable, mainly deployed on sites where frequent battery replacement is not feasible. All this is the major growth driver for the IoT chips market because the demand for low-power solutions increases. Therefore, low power consumption is indispensable for these devices' long lifecycle. Manufacturers continually engage with technology development to ensure that power consumption is minimal without influencing performance. Another key trend in IoT chips is the addition of artificial intelligence capabilities. AI-enabled chips process data locally, thus reducing latency and making real-time decision-making possible. This is deemed particularly important for the application in areas such as autonomous vehicle fleets or smart factories.

In conclusion, the IoT chips market is dynamic and rapidly growing, with its role being very critical for facilitating the Internet of Things. As the number and complexity of IoT devices continue to increase, the demand for specially defined chips will grow. Chip manufacturers are heavily investing in the research and development sectors to keep pace with the fast-changing market demands while resolving problems of power consumption and security. The IoT chip market is expected to grow rapidly over the next few years, potentially driving innovation and transformation across the industrial spectrum.

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Key Drivers of Target Market:

Proliferation of Connected Devices

• The rapid surge in connected devices is one of the main drivers for the IoT chips market. Increased demand has been noted through consumer electronics, smart homes and wearables, industrial machinery, and automotive applications. The growing demand for developed, efficient, and reliable IoT chips aligns with the global push for smart homes, cities, and industries.

Growing Adoption of IoT in Industrial Applications 

• The industrial sector is ever-growing with the application of IoT technology to maximize operations and enhance efficiency and cost-effectiveness. Industrial IoT applications are for predictive maintenance, real-time monitoring, and supply chain optimization. All these applications are highly dependent on IoT chips. The migration toward Industry 4.0 and smart manufacturing is growing, and there is a demand for robust and high-performance IoT chips that can manage complex data processing and communication tasks effectively in industrial environments.

Restrains:

High Cost

• The application of IoT technology, especially in huge industries and infrastructures, involves high costs. Installments refer to IoT chips, sensors, network infrastructures, and integration. Though IoT technology provides long-term value, the upfront investment is a barrier for some organizations, especially in developing regions and small and medium-sized enterprises.

Opportunities:

Increasing Opportunities in Emerging Markets and Smart Cities Initiatives

• Emerging markets offer new opportunities for the IoT chips market, as countries in Asia, Africa, and Latin America are adopting the technology in their smart city initiatives, infrastructure development, and industrial automation. The governments of these regions are investing in smart infrastructure, opening up opportunities for IoT chip manufacturers to provide the requisite technology for various projects related to smart grids, intelligent transportation systems, and urban planning.

The market is segmented based on Product Type, Application, End-Use Industry, and Region.

Product Type Insights:

• Microcontrollers (MCUs): MCUs play an essential role in IoT devices for controlling functions in an embedded system. They are low-power, cost-effective, and compact processors capable of executing simple tasks. MCUs in IoT applications exercise control over communication by sensors, data processing, and the implementation of control mechanisms. It finds wide applications in consumer electronics, automotive, smart homes, and industries, making the segment vital in IoT chips. Most MCUs have integrated connectivity features, such as Bluetooth or Wi-Fi, enhancing the functionality in IoT ecosystems.
• Application Processors: Application processors are far more powerful than MCUs; hence, they are appointed in IoT devices that need complex processing capabilities, such as smart cameras, wearable devices, and high-end industrial IoT applications. These processors handle multimedia tasks, artificial intelligence, and machine learning algorithms, paving the way for advanced functionalities such as image recognition and real-time analytics. Their role in providing the computation power needed by sophisticated IoT applications puts them in high demand in various sectors such as automotive, healthcare, and smart cities.
• Connectivity ICs: Connectivity ICs enable IoT devices to connect and share data between networks or devices. These chips encapsulate the capabilities of Wi-Fi, Bluetooth, Zigbee, LoRa, and cellular options that let devices connect to the Internet or other devices in the IoT ecosystem. Applications for IoT devices in smart homes, industrial automation, and connected vehicles are increasing, thus increasing the demand for reliable and efficient solutions for seamless connectivity. Connectivity ICs are important to ensure seamless data transfer with low latency and energy-efficient operation in IoT applications.
• Memory Devices: Flash memory, DRAM, and other forms of memory comprise an essential part of IoT devices, as they store the data in the device and the applications running on them. With the growing sophistication of IoT applications, combined with demands for real-time processing, memory devices have become highly instrumental in ensuring performance efficiency. IoT devices use volatile and non-volatile memories for applications such as caching, updating firmware, and storing sensor data. Increased demand for high-performance and low-power solutions in IoT devices is driving innovation in this segment.
• Sensors: The sensors are IoT devices' eyes and ears, enabling data gathering from the physical environment. Examples include temperature sensors, humidity sensors, motion sensors, light sensors, and pressure sensors. Sensors are key enablers in applications such as smart home implementation, industrial automation, healthcare monitoring, and environmental monitoring. With increasing sophistication in IoT devices, advanced sensors with higher accuracy, excellent reliability, and lower power consumption are in ever-increasing demand.
• Power Management ICs: Power management integrated circuits (PMICs) will play an important role in power optimization for IoT devices, especially those operating on battery power. PMICs ensure voltage regulation, power distribution, and limited energy losses to make device operation quite effective. Power management in IoT applications has to be efficient since many of these devices need to operate autonomously for extended periods. PMICs are widely used in wearables, smart homes, and industrial IoT applications where power efficiency is a top priority.
• RFID: In IoT, Radio Frequency Identification chips are mainly used for tracking or identification purposes. This technology could be applied to various wireless communications between radio-frequency tags attached to an object and a reader. It may enable real-time monitoring and data collection. Generally, RFID chips have been used for retail, logistics, and supply chain management to track inventories and manage assets. RFID is also gaining tremendous momentum in the healthcare and agriculture sectors due to its applications in patient monitoring systems and livestock tracking.

Application insights:

• Wearables: this are smartwatches, fitness trackers, smart glasses, and all other wearables on the body. These devices operate using IoT chips in device connectivity, data processing, and sensor integration. Wearables find applications in the monitoring of health and fitness, as this device provides real-time information on vital signs and measures a person's activity levels, among others. Applications of IoT in wearables promise a great future in personal health management, and their integration into healthcare is thus increasingly demanding more IoT chips in wearables.
• Smart Homes: Smart homes utilize IoT devices to automate household functions like lighting, security, temperature regulation, and entertainment systems. The chips present in smart home devices allow the various appliances and systems to communicate to provide a connected ecosystem. Since most people want convenience, efficiency in energy use, and increased security, the demand for smart home devices is increasing, which in turn increases the demand for IoT chips powering these applications.
• Smart Cities: Smart cities harness IoT technology to enhance urban infrastructure, public services, and livability for all city dwellers. Applications range from smart traffic management to waste management, energy distribution, and public safety systems. IoT chips are the vital enablers of the massive network of sensors, devices, and communication systems used to implement smart city projects. This growth in urban areas that focus on sustainable management and efficient resource use is driving IoT technology adoption.
• Healthcare: Internet of Things chips facilitate connected medical devices, remote patient monitoring systems, and health data analytics platforms in healthcare. These chips enable wirelessly transmitting a patient's real-time data from wearables, implants, and other medical equipment to healthcare providers and professionals for proactive and personalized care. Major drivers for the growth of the IoT in healthcare are widening the adoption of telemedicine, increasing aging, and rising demand for affordable healthcare solutions.
• Industrial IoT: it uses IoT in industrial processes to attain efficiency and reduce or avoid downtimes. Applications targeted are predictive maintenance, asset tracking, energy management, and supply chain optimization. The IoT chips in IIoT devices allow for the collection and analysis of data from machinery and equipment, allowing real-time decision-making and process optimization. The increasing focus on Industry 4.0 and smart manufacturing has enforced the use of IoT in industries.
• Automotive: IoT technology has permeated deeper into the automotive industry for greater connectivity of vehicles, safety, and automation. IoT chips will be utilized in connected cars, ADAS, V2X communication, and autonomous driving systems. It permits critical capabilities like real-time processing, communication, and control of a vehicle to be smarter and more efficient. The push for electric vehicles and autonomous driving accelerates the adoption of IoT chips within the automotive sector.
• Agriculture:  also called smart farming, already uses this technology for precision farming, livestock monitoring, and resource management. In agriculture, any tool or gadget with an IoT chip installed would monitor soil conditions, crop health, weather, and livestock behavior to make farming more efficient for the farmer and yield more produce. Taking the graph further up, its demand has been on the rise with the increased need for sustainable farming practices by the growing human population.
• Retail: IoT technology in retail can be applied to develop customer experiences, optimize inventory management, and streamline operations. IoT chips fuel making RFID tags, smart shelves, and other connected point-of-sale systems. These devices will give way to real-time inventory tracking, enabling personalized marketing and enhanced supply chain management. Increased focus on omnichannel retailing and the requirement for seamless shopping experiences fuel the demand for IoT technology within the retail industry.

End-Use Industry insights:

• Consumer Electronics: including smartphones, tablets, smart TVs, and home automation systems, represent one of the largest markets for IoT chips. IoT chips for all these devices are crucial to ensuring connectivity, data processing, and device integration in the IoT ecosystem. In addition, with the development of more smart and connected devices and advances in wireless communication technologies, the market for IoT chips continues to grow.
• Automotive: IoT technology is being rapidly adopted in the automotive industry to provide more connectivity, safety, and automation to vehicles. IoT chips find their applications in connected cars, ADAS, V2X communication, and autonomous driving systems. The growth in the trend for connected and autonomous vehicles, coupled with the increase in demand for electric vehicles, will drive the adoption of IoT chips in the automotive segment.
• Healthcare: The healthcare sector is fast adopting IoT technology with connected medical devices, remote patient monitoring systems, and health data analytics platforms. IoT chips in healthcare devices allow real-time data transmission for personalized care and improved patient outcomes. This is primarily due to the increase in telemedicine and remote monitoring applications within the healthcare industry, driven by the need for cost-effective healthcare solutions.
• Manufacturing comprises using IoT technology to improve production processes, enhance efficiency, and reduce downtime. The chips help collect real-time data from machinery and other equipment to enable analytics maintenance, asset tracking, and process optimization. The rapidly increasing focus on Industry 4.0 and smart manufacturing is driving IoT chip utilization in the manufacturing sector.
• Retail: In this sector, IoT technology is applied to improve consumer experience, optimize inventory management, and thereby smooth operations. Technological integration provided by IoT chips in retail devices such as RFID tags, smart shelves, and connected PoS systems results in real-time tracking, personalized marketing, and improved supply chain management. Increasing interest in omnichannel retailing and the need for seamless shopping experiences fuel the growth of the retail market for IoT chips.
• Agriculture: Applications of IoT technology have exponentially increased for higher productivity, reduced waste, and efficient use of resources. Precision farming results from the applications enabled by IoT chips in agricultural systems through monitoring different soil circumstances, crop health, and weather patterns from information returned by the sensors and drones. All this is managed automatically, from irrigation to machinery or livestock management. Agriculture is one of the ever-growing users of these IoT chips, where the growing interest lies in sustainable farming practices and food security. These IoT chips to be used in agriculture should, therefore, combine energy efficiency with durability when operating in remote or harsh environments.
• Energy & Utilities: The energy and utilities sector deploys IoT technologies to effectively and reliably maintain energy distribution, management, and monitoring. IoT chips in energy applications power smart grids, automated metering, and remote monitoring of energy assets. The growing focus on renewable energy, energy efficiency, and grid modernization drives the adoption of IoT chips in this sector. IoT chips for energy and utility applications target high reliability, low power consumption, and support for real-time data processing.
• Transportation and Logistics: This sector is notably upcoming in the realm of technology concerning the use of IoT for fleet management, route optimization, and supply chain visibility. These are IoT chips in transportation for vehicle, cargo, and asset real-time tracking, along with other uses for predictive maintenance and automated logistic processes. The burgeoning growth in this industry is backed by reasons like growing endeavors to enhance efficiency at lower costs, with the ultimate aim of customer satisfaction. Transportation and logistics applications of IoT chips are expected to provide qualities such as high reliability, low latency, and real-time data processing.

Regional Insights

• North America: One of the leading positions in North America comes from rising technological developments, high levels of IoT adoption, and a strong ecosystem of tech companies. The U.S. especially leads in innovations for IoT, with considerable investments in smart cities, industrial IoT, and connected vehicles. Some more factors propelling the market are the major IoT chip manufacturers in this region and the increasing demand for connected devices in healthcare, automotive, and consumer electronics. North America is also far ahead of others in developing and deploying 5G technology, which would further supplement the demand in the IoT chips market.
• Europe: Europe is one of the significant markets for IoT chips. Strong growth has been observed in this region due to the adoption of IoT technology in industries such as automotive, manufacturing, and energy. The emphasis on Industry 4.0, smart cities, and regional sustainability requires IoT chips to support advanced applications and large-scale deployments. The leading countries in implementing IoT are Germany, which strongly focuses on innovation, and the UK and France, which mainly focus on collaborations between industry and governments. The growing emphasis on data privacy and security in Europe has led to the development of IoT chips with stringent security characteristics.
• Asia-Pacific: Asia-Pacific is one of the fastest-growing regions in the Internet of Things chips market, mainly driven by rapid urbanization, industrialization, and the growing adoption of this technology across sectors. China, Japan, South Korea, and India are key markets within the region, which mainly address huge investments in smart cities, industrial IoT, and connected vehicles. The growth of the IoT chips markets is mainly witnessed across this strongly manufacturing-based region, along with growing demand for consumer electronics and smart devices. At the same time, major advancements toward 5G in Asia-Pacific will continue to push up the adoption of IoT and open new lucrative opportunities for the IoT chip manufacturing industry.
• Latin America: Latin America has witnessed a growing adoption of IoT technology, covering agriculture, energy, and transportation segments. The demand for IoT chips in the region has surged because of the emphasis on infrastructure enhancement for better connectivity and productivity in key sectors. Some leading countries that have adopted IoT include Brazil, Mexico, and Argentina, as these countries invest in smart cities, industrial automation, and renewable energy. The growing demand for connected devices, driven by rapid digital transformation across the region, will provide new market opportunities for IoT chip manufacturers.
• Middle East & Africa: The Middle East & Africa region is becoming an emerging market for most IoT technologies, with extensive smart city initiatives and investments in energy efficiency and infrastructure development. Major investments in smart city projects in the region, particularly in countries like the UAE and Saudi Arabia, drive demand for IoT chips. The growing use of IoT in sectors such as oil and gas, utilities, and transportation has been increasing demand for the market. The region's focus on sustainability issues and rising demand from emerging markets continuously raise the need for implementing IoT technology, finally creating a new opportunity for IoT chip makers.

IoT Chips Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Product Type, Application, End-Use Industry, and Region.

Segmentation:

By Product Type:

• Microcontrollers
• Application Processors
• Connectivity ICs
• Connectivity ICs
• Memory Devices
• Sensors
• Power Management ICs
• RFID

By Application:

• Wearables
• Smart Homes
• Smart Cities
• Healthcare
• Industrial IoT
• Automotive
• Agriculture
• Retail

By End-Use Industry:

• Consumer Electronics
• Automotive
• Healthcare
• Manufacturing
• Retail
• Agriculture
• Energy & Utilities
• Transportation & Logistics

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the IoT chips Market include Qualcomm Technologies, Inc., Intel Corporation, NXP Semiconductors N.V., STMicroelectronics N.V., Texas Instruments Incorporated, MediaTek Inc., Samsung Electronics Co., Ltd., Broadcom Inc., Renesas Electronics Corporation, Microchip Technology Inc., Infineon Technologies AG, Analog Devices, Inc., Cypress Semiconductor Corporation, Silicon Labs, Arm Holding.

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Research Objective and Assumption

• Research Objectives
• Assumptions
• Abbreviations

Market Preview

• Report Description
  • Market Definition and Scope
• Executive Summary
  • Market Snippet, By Product Type
  • Market Snippet, By Application
  • Market Snippet, By End-Use Industry
  • Market Snippet, By Region
• Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restraints
  • Market Opportunities
• Market Trends
• Product Launch
• Merger and Acquisitions
• Impact Analysis
• PEST Analysis
• Porter’s Analysis

Market Segmentation, By Product Type, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Microcontrollers
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Application Processors
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Connectivity ICs
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Memory Devices
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Sensors
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Power Management ICs
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• RFID
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Wearables
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Smart Homes
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Smart Cities
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Healthcare
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Industrial IoT
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Automotive
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Agriculture
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Retail
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End-Use Industry, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Consumer Electronics
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Automotive
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Healthcare
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Manufacturing
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Retail
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Agriculture
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Energy & Utilities
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Transportation & Logistics
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • U.S
    • Canada
• Asia Pacific
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Europe
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
• Latin America
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • Brazil
    • Mexico
    • Rest of Latin America
• Middle East and Africa
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East and Africa

Competitive Landscape

• Heat Map Analysis
• Company Profiles

• Qualcomm Technologies, Inc.
• Intel Corporation
• NXP Semiconductors N.V.
• STMicroelectronics N.V.
• Texas Instruments Incorporated
• MediaTek Inc.
• Samsung Electronics Co., Ltd.
• Broadcom Inc.
• Renesas Electronics Corporation
• Microchip Technology Inc.
• Infineon Technologies AG
• Analog Devices, Inc.
• Cypress Semiconductor Corporation
• Silicon Labs
• Arm Holdings

The Last Word

• Future Impact
• About Us
• Contact

• Qualcomm Technologies, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Intel Corporation
• NXP Semiconductors N.V.
• STMicroelectronics N.V.
• Texas Instruments Incorporated
• MediaTek Inc.
• Samsung Electronics Co., Ltd.
• Broadcom Inc.
• Renesas Electronics Corporation
• Microchip Technology Inc.
• Infineon Technologies AG
• Analog Devices, Inc.
• Cypress Semiconductor Corporation
• Silicon Labs
• Arm Holdings

“*” marked represents similar segmentation in other categories in the respective section

IoT Chips Market Size was valued at USD 477.11 Billion in 2024 and is expected to reach USD 817.31 Billion by 2034, growing at a CAGR of 6.1%

The IoT became a revolutionary technological ecology wherein ordinary objects were linked with the Internet to enable accessible communication and data exchange. With a semiconductor component, the IoT chip became unique and the centerpiece or the brain of IoT devices. These chips are designed to handle the peculiar demands imposed by IoT applications, including low power consumption, small form factor, and robust connectivity. Hence, the IoT chips market is dynamic and fast-growing as it plays a vital role in enabling the Internet of Things. The demand for specialized chips will further intensify as the number and complexity of IoT devices continue to rise. Chip manufacturers are significantly investing in research and development to achieve the dynamics of change in the market; other challenges include power consumption and security. The market for IoT chips will presumably see tremendous growth in the coming years due to its driving innovation and transformation across diverse industries.