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IoT Chipset Market Share

Report ID: GMI8727
Published Date: Mar 2024
Report Format: PDF

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IoT Chipset Market Share

Intel Corporation and Qualcomm Technologies Inc. holds a significant share of over 6.5% in the market. Intel Corporation is a prominent player in the IoT chipset landscape, offering a diverse portfolio of products tailored for various IoT applications. The company’s offerings include low-power processors, connectivity solutions, and edge computing platforms. Intel's focus on providing scalable, secure, and efficient solutions has positioned it as a key provider in the evolving IoT ecosystem.

Major players, such as Qualcomm Technologies Inc., Intel Corporation, Texas Instruments Incorporated, and NXP Semiconductors NV, are constantly implementing strategic measures, such as geographical expansion, acquisitions, mergers, collaborations, partnerships, and product or service launches, to gain market shares.

IoT Chipset Market Companies

Major players operating in the IoT chipset industry are:

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

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

IoT chipset industry size exceeded USD 450 billion in 2023 and is estimated to surpass USD 750 billion by 2032, due to surging need to enable connectivity and data processing for IoT devices for facilitating communication with other devices and the Internet.

The consumer electronics end-use industry segment held over 17.5% of the IoT chipset market share in 2023, led by the strong demand for smart and connected devices.

IoT chipset industry size from the connectivity IC hardware segment is estimated to witness over 7.2% CAGR from 2024 to 2032, led by their ability to enable devices to communicate and exchange data wirelessly for aiding seamless integration and interoperability within IoT ecosystems.

North America held over 30% of the global IoT chipset industry share in 2023, due to increased adoption of IoT devices in industries, such as healthcare, automotive, and smart cities.