Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
Apple Turns 50: From Garage Startup to AI Crossroads 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
Britain Courts Anthropic Amid US Defense Department Dispute 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
NEW YORK, June 29, 2017 -- According to a new market research report titled “Global IoT Chip Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insights by Hardware (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), by Application (Wearable Devices, Healthcare, Consumer Electronics, Building Automation, Industrial, Automotive and Transportation, Banking, Financial Services, and Insurance, Agriculture, Retail, Oil and Gas, and Others)” published by P&S Market Research, the global IoT chip market is projected to reach $17,285.3 million by 2023, growing at a CAGR of 15.1% during 2017 - 2023.
Browse More Information On IOT Chip Market: https://www.psmarketresearch.com/market-analysis/iot-chip-market
Based on the research findings, the global IoT chip market is likely to grow from $4,582.6 million in 2013 to $17,285.3 million by 2023. Concept of IoT is rapidly being adopted by several industries in order to provide ease and efficiency of work. Integration of connectivity competence in large numbers of devices and applications and development of various networking protocols have appreciably spur the growth of IoT chip market.
Accelerating requirement for application-specific microcontroller units (MCUs) and flexible system on chip (SoC)-type architectures are the major factors propelling the growth of IoT chip market. Moreover, combination of IoT chipsets with integrated connectivity ICs, such as Bluetooth, Near-Field Communication (NFC), and Global Navigation Satellite System (GNSS), are expected to be used in smartphones and other consumer electronic devices to reinforce varied communication protocols. Increasing demand for connected and wearable devices is likely to spearhead the growth of global IoT chip market.
Pre-Purchase Enquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=iot-chip-market
As per the findings of research, integration of IoT chips in retail applications is expected to register highest growth, during the forecast period. Integration of IoT in retail benefits retailers with enhanced customer experience and increased revenue. In retail, IoT enabled devices and applications are majorly being used to manage inventory, mobile payments, and to advertise. Moreover, technology enhancement in IoT enabled devices and introduction to new technologies are the factors, expected to support the adoption of IoT enabled devices in the retail sector.
Geographically, North America has been the largest market for IoT chip. It has been observed that companies in the region have made huge investments for research and development in IoT industry. North America has been observed as one of the fastest-growing markets in terms of technological advancements, manufacturing operations, and infrastructure. The large-scale adoption of IoT technologies in several industries including retail, automotive and transportation, consumer electronics, building automation, and healthcare is the major factor backing the advancement of the IoT chip market in the region.
Browse Related Research
About P&S Market Research
P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
Contact: Kundan Kumar Manager – Client Partner 347, 5th Ave. #1402 New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada) Email: [email protected] Web: https://www.psmarketresearch.com
