IoT Chip Market Forecast to 2030
The global Internet of Things (IoT) chip market size reached USD 13.05 Billion in 2021 and is expected to register a revenue CAGR of 14.9% during the forecast period, according to latest analysis by Emergen Research. Growing demand for wearables such as fitness trackers, gaming simulators, smart posture trainers, smart shoes, and Near-Field Communication (NFC) smart rings is driving global IoT chip market revenue growth.
The intensive primary and secondary research, as well as the qualitative and quantitative analysis of important market segments, led to the creation of the IoT Chip Market study. Business professionals have additionally endorsed and confirmed the clever knowledge. The purpose of the report is to offer more information on the lead-free piezoelectric ceramic material industry's overall market environment.
NFC ring embedded with network connectivity, sensors, and software enables individuals to share and exchange data. Features such as automatic running, program lock, business card share, and intelligent door lock are present in NFC rings. Thus, NFC rings eliminate the need for carrying car keys, credit cards, and door keys. One can easily unlock their home’s door with the help of NFC ring if the door has an NFC-enabled lock. In addition, NFC rings supports metro ticketing, which is the next generation of metro fare collection systems and ticketing is more user-friendly, and hassle-free. It saves time of passengers when compared to traditional ticketing systems as it enables passengers to use mobile phones, bank cards, or NFC rings for contactless and cashless payments during traveling.
Fitness trackers are being widely adopted by individuals, which help them monitor their health and fitness. Those trackers are automatic wrist bands that help monitor heart rate, sleep level as well as track calories and activities throughout the day. These IoT wearable devices have significantly improved lifestyle of individuals, leading to increasing adoption. This trend is expected to continue during the forecast period.
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The global IoT Chip market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The IoT Chip industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
Samsung, Intel Corporation, Huawei Technologies Co. Ltd., STMicroelectronics, Microchip Technology Inc., Qualcomm Technologies Inc., NXP Semiconductors, Cypress Semiconductor Corporation, NVIDIA Corporation, and MediaTek Inc
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Some Key Highlights From the Report
Market Overview:
The report bifurcates the IoT Chip market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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