IoT Chip Market Worth 10.78 Billion USD and Global Analysis Forecast by 2022

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MarketsandMarkets Presents
IoT Chip Market Research Report by Component ,
Connectivity Technology , Vertical Geography -
Global Forecast to 2022 The IoT chip 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. With the rapid
technological advancements and the increasing
dependence on technology in day-to-day lives, the
Internet of Things concept has a promising
future. 
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The scope of this 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. Sample pages of the Report
http//www.marketsandmarkets.com/requestsample.a
sp?id236473142 Wearable device application to
play a key role in the IoT chip market The
wearable device application is expected to hold
the largest market share and dominate the IoT
chip market between 2016 and 2022 owing to the
increasing adoption of wearable devices across
the globe. The growing popularity of Internet of
Things and the increasing adoption of smart
watches and activity trackers in the consumer
markets present huge opportunities for the IoT
chip manufacturers. The demand for Connectivity
ICs and MCUs is expected to gain momentum owing
to the growing wearable device market.
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Automotive Transportation held the largest
market share in 2015 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).
Connected cars, along with the implementations of
ITS, are expected to boost the semiconductor
industrys total addressable market with the
growth in sensor content and integration of MEMS,
connectivity devices, and MCUs. Report
Information http//www.marketsandmarkets.com/M
arket-Reports/iot-chip-market-236473142.html
North America expected to hold the largest
market share APAC to grow at the highest
rate North America is expected to hold the
largest market share and dominate the IoT chip
market 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.
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automation, medical devices, pharmaceuticals,
semiconductor and electronics, and
telecommunications and IT.
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