SAN FRANCISCO, June 29, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Internet of Things (IoT) Chip – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What’s New for 2022?
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Edition: 5; Released: January 2022
Executive Pool: 852
Companies: 39 – Players covered include Analog Devices Inc.; Cypress Semiconductor Corporation; Intel Corporation; Invensense Inc.; Mediatek Inc.; Microchip Technology Inc.; Nordic Semiconductor ASA; NXP Semiconductors NV; Qualcomm Technologies Inc.; Samsung Electronics Co. Ltd; Silicon Laboratories Inc.; STMicroelectronics NV; Texas Instruments Incorporated and Others.
Coverage: All major geographies and key segments
Segments: Hardware Type (Processors, Connectivity Integrated Circuits, Sensors, Memory Devices, Logic Devices); End-Use (Consumer Electronics, Automotive, BFSI & Retail, Healthcare, Building Automation, Industrial, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Internet of Things (IoT) Chip Market to Reach $503.1 Million by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Chip estimated at US$380.5 Million, is projected to reach a revised size of US$503.1 Million by 2026, growing at a CAGR of 4.6% over the analysis period. Processors, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$198.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Connectivity Integrated Circuits segment is readjusted to a revised 3.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $119.3 Million in 2021, While China is Forecast to Reach $89.1 Million by 2026
The Internet of Things (IoT) Chip market in the U.S. is estimated at US$119.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$89.1 Million by the year 2026 trailing a CAGR of 4.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Sensors Segment to Reach US$82.5 Million by the year 2026
In the global Sensors segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$49.6 Million will reach a projected size of US$69 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.