Global Iot Chip Market Size & Outlook, 2023-2030
The iot chip industry worldwide is expected to reach a projected revenue of US$ 895,050.0 million by 2030. A compound annual growth rate of 10.2% is expected of the worldwide iot chip industry from 2024 to 2030.
Revenue, 2023 (US$M)
$454,820.0
Forecast, 2030 (US$M)
$895,050.0
CAGR, 2024 - 2030
10.2%
Report Coverage
Worldwide
Global iot chip market, 2018-2030 (US$M)
Global iot chip market highlights
- The global iot chip market generated a revenue of USD 454,820.0 million in 2023 and is expected to reach USD 895,050.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.2% by 2030.
- In terms of segment, connectivity integrated circuits (ics) accounted for a revenue of USD 454,820.0 million in 2023.
- Connectivity Integrated Circuits (ICs) is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 454,820.0 million |
| Market revenue in 2030 | USD 895,050.0 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Connectivity integrated circuits (ics) |
| Fastest growing segment | Connectivity Integrated Circuits (ICs) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Connectivity Integrated Circuits (ICs) |
Other key industry trends
- In terms of revenue, the North America accounted for 36.1% of the global iot chip market in 2023.
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IoT Chip Market Scope
Iot chip market segmentation & scope
Connectivity Integrated Circuits (ICs)
Logic Devices
Memory Devices
Processors
Sensors
Temperature Sensors
Motion Sensors
Light Sensors
Others
End-use
Consumer Electronics
Wearable Devices
Automotive & Transportation
BFSI
Healthcare
Retail
Building Automation
Oil & Gas
Agriculture
Aerospace & Defense
Others
Countries
U.S.
Mexico
Canada
Brazil
Argentina
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand
IoT Chip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global iot chip market size, by regions, 2018-2030 (US$M)
Related regional statistics
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