Europe Iot Chip Market Size & Outlook, 2023-2030
The iot chip market in Europe is expected to reach a projected revenue of US$ 197,180.0 million by 2030. A compound annual growth rate of 8.6% is expected of Europe iot chip market from 2024 to 2030.
Revenue, 2023 (US$M)
$110,330.0
Forecast, 2030 (US$M)
$197,180.0
CAGR, 2024 - 2030
8.6%
Report Coverage
Europe
Europe iot chip market, 2018-2030 (US$M)
Europe iot chip market highlights
- The Europe iot chip market generated a revenue of USD 110,330.0 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, connectivity integrated circuits (ics) was the largest revenue generating product in 2023.
- Connectivity Integrated Circuits (ICs) is the most lucrative product segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 110,330.0 million |
| Market revenue in 2030 | USD 197,180.0 million |
| Growth rate | 8.6% (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) |
| Key market players worldwide | Infineon Technologies AG, Microchip Technology Inc, MediaTek Inc, Analog Devices Inc, Samsung Electronics Co Ltd, NXP Semiconductors NV, Texas Instruments Inc, STMicroelectronics NV, Intel Corp, Qualcomm Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.3% of the global iot chip market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 63,100.0 million by 2030.
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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 |
|---|
Europe iot chip market
Related regional statistics
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