( PR4US.com | Press Release | 2017-01-23 22:52:40 )
According to new research, the "IoT Chip Market by Component (MCU, FPGA, Memory, Sensor (Image, Inertial, Temperature, Pressure, Humidity, Flow, Level)), Connectivity Technology (Bluetooth, Wi-Fi, ZigBee, Ethernet, NFC, Cellular, Z-Wave), Vertical & Geography - Global Forecast to 2022"
This Technology market is expected to grow from USD 4.58 Billion in 2015 to USD 10.78 Billion by 2022, at a CAGR of 11.5% between 2016 and 2022.
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Because of rapid technological advancements and the increasing dependence on technology in day-to-day lives, the Internet of Things concept has a promising future. Given the rate of proliferation of the network of wireless sensors, the increasing adoption of emerging technologies, and the mainstreaming of many smart consumer applications, Internet of Things has gained popularity across domains. The growing IoT market is the major driver for IoT chip manufacturers.
The automotive & transportation application accounted for the largest market share in 2015. The Internet of Things (IoT) has given rise to new segments in the automotive and transportation sector such as connected cars and intelligent transportation systems (ITS). The market for connected cars is expected to grow exponentially in the near future. Connected cars, along with the implementation of ITS, are expected to boost the semiconductor industry’s total addressable market with the growth in sensor content and integration of MEMS, connectivity devices, and MCUs.
The scope of this research report covers the market on the basis of application, vertical, and geography. Each application segment also covers the market for various products and semiconductor components. The wearable device segment is expected to grow at the highest CAGR and dominate the IoT chip market between 2016 and 2022, owing to the increasing adoption of wearable devices such as smart watches and activity trackers.
The base year considered for the study is 2015 and the market size forecast is given for the period between 2016 and 2022. The major players in the IoT chip market include Intel Corporation (U.S.), Qualcomm Inc. (U.S.), Freescale Semiconductor (U.S.), NXP Semiconductors (U.S.), ARM Holding PLC (U.K.), Atmel Corporation (U.S.), Texas Instruments Incorporated (U.S.), and others.
For sample pages of IoT Chip Tedchnology Market, click here: http://bit.ly/2iWPcoS