The IoT chip technology constitutes hardware such as processors, sensors, connectivity ICs, memory devices, and logic devices which are used in IoT-enabled devices.
The IoT chip market is expected to reach USD 14.81 Billion by 2022 from USD 5.75 Billion in 2015, growing at a CAGR of 13.2% during the forecast period.
All the major end-use applications, automotive and transportation held the largest share of the IoT chip market in 2015.
The major drivers for the growth of the IoT chip market are the increasing demand for application-specific MCUs and flexible SoC-type designs and increasing investments by major giants of this industry in the IoT market.
The IoT chip industry for the retail end-use application is expected to grow at the highest CAGR from 2016 to 2022, followed by wearable devices.
For complete information read this latest article,
The IoT chip market is expected to reach USD 14.81 Billion by 2022 from USD 5.75 Billion in 2015, growing at a CAGR of 13.2% during the forecast period.
All the major end-use applications, automotive and transportation held the largest share of the IoT chip market in 2015.
The major drivers for the growth of the IoT chip market are the increasing demand for application-specific MCUs and flexible SoC-type designs and increasing investments by major giants of this industry in the IoT market.
The IoT chip industry for the retail end-use application is expected to grow at the highest CAGR from 2016 to 2022, followed by wearable devices.
For complete information read this latest article,
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