HOME Top Market Reports IoT Chip Market by Component (MCU, FPGA, Memory, Sensor (Image, Inertial, Temperature, Pressure, Humidity, Flow, Level)), Connectivity Technology (Bluetooth, Wi-Fi, ZigBee, Ethernet, NFC, Cellular, Z-Wave), Vertical & Geography - Global Forecast to 2022

IoT Chip Market by Component (MCU, FPGA, Memory, Sensor (Image, Inertial, Temperature, Pressure, Humidity, Flow, Level)), Connectivity Technology (Bluetooth, Wi-Fi, ZigBee, Ethernet, NFC, Cellular, Z-Wave), Vertical & Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: SE 4057

 

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The IoT chip market is estimated 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. The IoT chip industry consists of companies involved in the design and fabrication of semiconductor devices. The market is expected to gain momentum owing to the high growth rate of the Internet of Things industry. This report forecasts the market size and future growth potential of the market on the basis of application and region. The application segment also covers the market for various products and semiconductor components. The base year considered for the study is 2015 and the market size forecast is given for the period 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.

The research methodology used to estimate and forecast the IoT chip market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the below figure:

IoT Chip Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the IoT chip market comprises the EDA Vendors segment which is an allied industry segment for IP providers, fabless players, and foundry players, which are all closely interlinked to each other. These players are adopting strategies such as new product developments, long-term contracts, and expansions to strengthen their position in the market. They are also focusing on developing new products by investing considerable amount of their revenues into research & development.

Key Target Audience

  • Raw material & manufacturing equipment suppliers
  • Semiconductor wafer vendors
  • Fabless players
  • EDA and IP core vendors
  • Foundry players
  • Original equipment manufacturers (OEMs) (end-user applications or electronic product manufacturers)
  • ODM and OEM technology solution providers
  • Distributors and retailers
  • Research organizations
  • Technology standard organizations, forums, alliances, and associations
  • Technology investors
  • OS vendors
  • Content providers
  • Software providers

Scope of the Report:

The research report segments the IoT chip market into following submarkets:

By Application:

  • Wearable devices
  • Healthcare
  • Consumer electronics
  • Building automation
  • Industrial
  • Automotive & transportation

Note: Various products and semiconductor components are covered under each application.

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Market segmentation of various applications into product segments

Geographic Analysis

  • Further breakdown of the North American IoT chip market
  • Further breakdown of the European IoT chip market
  • Further breakdown of the APAC IoT chip market
  • Further breakdown of the RoW IoT chip market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Demand-Side Analysis for IoT Chip Market
           2.2.1 Demand-Side Analysis
                    2.2.1.1 Chip Demand Driven By Internet of Things (IoT)
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions and Limitations
           2.5.1 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Market Opportunities in IoT Chip Market
    4.2 IoT Chip Market in Wearable Devices: By Geography
    4.3 Market, By Application Vertical in Asia-Pacific
    4.4 Market Value in Consumer Electronics Market
    4.5 Life Cycle Analysis, By Geography

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Market, By Application Vertical
           5.2.2 Market, By Geography
    5.3 Market Evolution of Internet of Things
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Integration of Connectivity Capabilities in an Increasing Number of Devices and Applications
                    5.4.1.2 IoT Expected to Drive Higher Growth in Application-Specific Microcontroller Units (MCUs) and Flexible System-On-Chip (SOC)-Type Designs
                    5.4.1.3 Standardization of Ipv6 and Availability of More Ip Address Space
                    5.4.1.4 Increasing Demand for Smartphones and A Growing Market for Other Connected Devices
                    5.4.1.5 Explosion of Low-Cost, Smart Wireless Sensor Networks
           5.4.2 Restraints
                    5.4.2.1 Lack of Common Communication Standards Across Platforms
                    5.4.2.2 Long-Lasting Battery Technologies and Ultra-Low Power Technologies Need Further Improvement
           5.4.3 Opportunities
                    5.4.3.1 Significant Financial Support From Governments Across the Globe for Research & Development in IoT
                    5.4.3.2 Opportunities for Innovative Cross-Domain Applications
           5.4.4 Challenges
                    5.4.4.1 Privacy & Security of Data
                    5.4.4.2 Short Product Life Cycle of Many of the Key End Markets
           5.4.5 Burning Issue
                    5.4.5.1 Limits on Infrastructure Investment Due to Volatile Global Economy and Effect of Dependencies Over Global Economy in IoT

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Threat of New Entrants
    6.4 Key Trends
           6.4.1 Sensor Proliferation
           6.4.2 Increasing Chip Complexity
           6.4.3 4g-Lte and Beyond (Development of Faster Communication Standards)
           6.4.4 Shift Toward Smart Devices and Connectivity

7 IoT Chip Market, By Application Vertical (Page No. - 61)
    7.1 Introduction
    7.2 Wearable Devices
           7.2.1 Products Covered Under Wearable Devices Segment
                    7.2.1.1 Activity Monitors
                    7.2.1.2 Smart Watches
                    7.2.1.3 Smart Glasses
                    7.2.1.4 Wearable Cameras
           7.2.2 Semiconductor Components Covered Under Wearable Devices Application
                    7.2.2.1 Connectivity IC
                    7.2.2.2 MCU
                    7.2.2.3 Accelerometer
                    7.2.2.4 Application Processor
                    7.2.2.5 Memory
                    7.2.2.6 IMU
                    7.2.2.7 Camera Module
    7.3 Healthcare
           7.3.1 Products Covered Under Healthcare Segment
                    7.3.1.1 Fitness & Heart Rate Monitor
                    7.3.1.2 Blood Pressure Monitor
                    7.3.1.3 Blood Glucose Meter
                    7.3.1.4 Continuous Glucose Monitor
                    7.3.1.5 Pulse Oximeter
                    7.3.1.6 Automated External Defibrillator
                    7.3.1.7 Programmable Syringe Pump
                    7.3.1.8 Wearable Injector
                    7.3.1.9 Multi-Parameter Monitor
           7.3.2 Semiconductor Components Covered Under Healthcare Application
                    7.3.2.1 Connectivity IC
                    7.3.2.2 MCU
                    7.3.2.3 Heart Rate Sensor
                    7.3.2.4 Accelerometer
                    7.3.2.5 Pressure Sensor
                    7.3.2.6 Temperature Sensor
                    7.3.2.7 Blood Glucose Sensor
                    7.3.2.8 Blood Oxygen Sensor
                    7.3.2.9 ECG Sensor
    7.4 Consumer Electronics
           7.4.1 Products Covered Under Consumer Electronics Segment
                    7.4.1.1 Smart TV
                    7.4.1.2 Refrigerator
                    7.4.1.3 Washing Machine
                    7.4.1.4 Other Products
           7.4.2 Semiconductor Components Covered Under Consumer Electronics Application
                    7.4.2.1 Connectivity IC (Wi-Fi)
                    7.4.2.2 Connectivity IC (Wi-Fi + Ethernet)
                    7.4.2.3 Connectivity IC (Wi-Fi + Nfc)
                    7.4.2.4 Connectivity IC (Wi-Fi + Bluetooth + Ethernet)
    7.5 Building Automation
           7.5.1 Products Covered Under Building Automation Segment
                    7.5.1.1 Occupancy Sensor
                    7.5.1.2 Daylight Sensor
                    7.5.1.3 Smart Thermostats
                    7.5.1.4 Ip Cameras
                    7.5.1.5 Smart Meters
                    7.5.1.6 Smart Locks
                    7.5.1.7 Smoke Detectors
                    7.5.1.8 Lighting Control Actuators
                    7.5.1.9 Gateways
           7.5.2 Semiconductor Components Covered Under Building Automation Application
                    7.5.2.1 Connectivity IC
                    7.5.2.2 Temperature Sensor
                    7.5.2.3 Humidity Sensor
                    7.5.2.4 Microprocessor
                    7.5.2.5 MCU
                    7.5.2.6 Memory
                    7.5.2.7 Image Sensor
                    7.5.2.8 Gas Sensors
                    7.5.2.9 Ambient Light Sensor
    7.6 Industrial
           7.6.1 Semiconductor Components Covered Under Industrial Application Vertical
                    7.6.1.1 Temperature Sensor
                    7.6.1.2 Pressure Sensor
                    7.6.1.3 Level Sensor
                    7.6.1.4 Flow Sensor
                    7.6.1.5 Chemical & Gas Sensor
                    7.6.1.6 Humidity Sensor
                    7.6.1.7 Motion & Position Sensor
                    7.6.1.8 MCU
                    7.6.1.9 Connectivity IC
    7.7 Automotive & Transportation
           7.7.1 Semiconductor Components Covered Under Automotive & Transportation Application
                    7.7.1.1 Connectivity IC
                    7.7.1.2 MCU
                    7.7.1.3 FPGA
                    7.7.1.4 DSP
                    7.7.1.5 Memory
                    7.7.1.6 Image Sensor

8 IoT Chip Market, By Geography (Page No. - 104)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 Germany
           8.3.2 France
           8.3.3 U.K.
           8.3.4 Italy
           8.3.5 Rest of Europe
    8.4 APAC
           8.4.1 China
           8.4.2 Japan
           8.4.3 Korea
           8.4.4 Rest of APAC
    8.5 RoW
           8.5.1 Middle East
           8.5.2 Africa

9 Competitive Landscape (Page No. - 120)
    9.1 Overview
    9.2 Comparative Analysis
           9.2.1 Competitive Scenario
    9.3 Competitive Situation & Trends
           9.3.1 Recent Developments
                    9.3.1.1 New Product Launches
                    9.3.1.2 Agreements, Partnerships, and Collaborations
                    9.3.1.3 Mergers & Acquisitions

10 Company Profiles (Page No. - 127)
(Overview, Products and Services, Financials, Strategy & Development)*
     10.1 Intel Corporation
     10.2 Qualcomm Incorporated
     10.3 Freescale Semiconductor Inc.
     10.4 Texas Instruments Incorporated
     10.5 NXP Semiconductors
     10.6 ARM Holdings PLC.
     10.7 Atmel Corporation
     10.8 Mediatek Inc.
     10.9 Microchip Technology Inc.
     10.10 Renesas Electronic Corporation
     10.11 Stmicroelectronics N.V.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 167)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Introducing RT: Real Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports


List of Tables (41 Tables)

Table 1 Connectivity Capabilities Integrated in A Large Number of Devices and Applications Propels the Growth of IoT Chip Market
Table 2 Lack of Common Communication Standard Across Platforms Acts as A Hindrance to the Market
Table 3 Internet of Things: Uk Government Fundings for Internet of Things
Table 4 Financial Support From Governments Across the Globe for Research & Development of IoT Provide A Huge Opportunity for the IoT Chip Market
Table 5 Privacy & Security of Data Poses the Major Challenge for the Market
Table 6 The Porter’s Five Forces Analysis: Bargaining Power of Buyers is Likely to Have the Maximum Impact on the Overall Market in 2015
Table 7 IoT Chip Market Size, By Application Vertical, 2014–2022 (USD Million)
Table 8 Wearable Devices: IoT Chip Market Size, 2014–2022 (Million Units)
Table 9 Wearable Devices: Market Size, 2014–2022 (USD Million)
Table 10 Wearable Devices: Connectivity IC Market Size, By Connectivity Technology, 2014–2022 (Million Units)
Table 11 Wearable Devices: Connectivity IC Value, By Connectivity Technology, 2014–2022 (USD Million)
Table 12 Wearable Devices: IoT Chip Market Size, By Region, 2014–2022 (USD Million)
Table 13 Healthcare: IoT Chip Market Size, 2014–2022 (Million Units)
Table 14 Healthcare: Market Size, 2014–2022 (USD Million)
Table 15 Healthcare: Connectivity IC Market Size, By Connectivity Technology, 2014–2022 (Million Units)
Table 16 Healthcare: Connectivity IC Value, By Connectivity Technology, 2014–2022 (USD Million)
Table 17 Healthcare: IoT Chip Market Size, By Region, 2014–2022 (USD Million)
Table 18 Consumer Electronics: IoT Chip Market Size, 2014–2022 (Million Units)
Table 19 Consumer Electronics: Market Size, 2014–2022 (USD Million)
Table 20 Consumer Electronics: Market Size, By Region, 2014–2022 (USD Million)
Table 21 Building Automation: IoT Chip Market Size, 2014–2022 (Million Units)
Table 22 Building Automation: Market Size, 2014–2022 (USD Million)
Table 23 Building Automation: Connectivity IC Market Size, By Connectivity Technology, 2014–2022 (Million Units)
Table 24 Building Automation: Connectivity IC Market Size, By Connectivity Technology, 2014–2022 (USD Million)
Table 25 Building Automation: IoT Chip Market Size, By Region, 2014–2022 (USD Million)
Table 26 Industrial: IoT Chip Market Size, 2014–2022 (Million Units)
Table 27 Industrial: Market Size, 2014–2022 (USD Million)
Table 28 Industrial: Connectivity IC Market Size, By Connectivity Technology, 2014–2022 (Million Units)
Table 29 Industrial: IoT Chip Market Size, By Region, 2014–2022 (USD Million)
Table 30 Automotive & Transportation: IoT Chip Market Size, 2014–2022 (Million Units)
Table 31 Automotive & Transportation: Market Size, 2014–2022 (USD Million)
Table 32 Automotive & Transportation: Connectivity IC Market Size, By Connectivity Technology, 2014–2022 (Million Units)
Table 33 Automotive & Transportation: IoT Chip Market Size, By Region, 2014–2022 (USD Million)
Table 34 IoT Chip: Market Size, By Geography, 2014–2022 (USD Million)
Table 35 North America: Market Size, By Application, 2014–2022 (USD Million)
Table 36 Europe: IoT Chip Market Size, By Application, 2014–2022 (USD Million)
Table 37 APAC: Market Size, By Application, 2014–2022 (USD Million)
Table 38 RoW: Market Size, By Application, 2014–2022 (USD Million)
Table 39 New Product Launches, 2012 - 2015
Table 40 Agreements, Partnerships, Collaborations & Joint Ventures, 2012 - 2015
Table 41 Merger & Acquisitions, 2012 – 2015


List of Figures (64 Figures)

Figure 1 Research Design
Figure 2 Internet of Things (IoT): Number of Connected Devices Worldwide Between 2012 and 2017 (In Billions)
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Automotive & Transportation Held the Largest Share of the Market in 2015
Figure 7 Connectivity IC Expected to Dominate the Automotive & Transportation Segment for IoT Chip
Figure 8 Asia-Pacific Expected to Hold the Largest Market Share in the Wearable Device Segment for IoT Chip
Figure 9 Global IoT Chip Market, By Geography, 2015
Figure 10 Connectivity Capabilities Integrated in Large Number of Devices and Applications Propel the Growth of the Market
Figure 11 APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 12 Wearable Devices Segment Captured the Largest Share of the Asia-Pacific Market
Figure 13 Connectivity IC (Wi-Fi + Ethernet) Expected to Dominate the Consumer Electronics Market During the Forecast Period
Figure 14 IoT Chip Market is Currently in the Growth Stage in APAC, Europe, and North America
Figure 15 Market: By Geography
Figure 16 Evolution of the Internet of Things Market
Figure 17 Integration of Connectivity Capabilities in A Large Number of Devices and Applications Acts as the Major Driving Factor for the Market
Figure 18 Global Smartphone Shipments, 2012–2017 (Million Units)
Figure 19 Value Chain Analysis (2015): IoT Chip Market
Figure 20 Porter’s Five Forces Analysis (2015)
Figure 21 Market: Porter’s Five Forces Analysis, 2015
Figure 22 Intensity of Competitive Rivalry: High Due to the Heavy Competition Among Existing Players
Figure 23 Threat of Substitutes to Be Low as No Major Substitute is Available for IoT Chip
Figure 24 Bargaining Power of Buyers Would Be High as the Switching Cost is Low
Figure 25 Bargaining Power of Suppliers: Product Differentiation in IoT Chip Market Would Drive the Market for Suppliers During the Forecast Period
Figure 26 Threat of New Entrants: Low as the Established Players Have A Strong Presence in the Market
Figure 27 IoT Chip Market, By Application Vertical
Figure 28 Application Processor Expected to Dominate the Wearable Device Application Market for IoT Chip
Figure 29 APAC Market for IoT Chip in Wearable Devices Expected to Grow at the Highest Rate
Figure 30 Blood Glucose Sensor Market in Healthcare Application Expected to Grow at the Highest CAGR
Figure 31 North America Expected to Dominate the IoT Chip Market in Healthcare Applications in 2016
Figure 32 Connectivity IC (Wi-Fi + Nfc) Expected to Grow at the Highest Rate in the Consumer Electronics Application During the Forecast Period
Figure 33 APAC Market for IoT Chip for Consumer Electronics Application Expected to Grow at the Highest Rate
Figure 34 Connectivity IC Dominated the Building Automation Application Segment of the Market
Figure 35 APAC Expected to Grow at the Highest Rate for the Market in the Building Automation Application
Figure 36 Connectivity IC Market Expected to Dominate the Industrial Application Segment During the Forecast Period
Figure 37 APAC Region to Grow at the Highest Rate for the Industrial Application for IoT Chip Market
Figure 38 Connectivity IC Expected to Dominate the Automotive & Transportation Segment for Market
Figure 39 APAC to Grow Fastest in the Automotive & Transportation Application for IoT Chip Market
Figure 40 IoT Chip Market, By Geography
Figure 41 The APAC Market is Estimated to Grow at the Highest Rate Between 2016 and 2022
Figure 42 North America Market Snapshot: Market is Expected to Be Driven By Increased R&D in IoT
Figure 43 Europe Market Snapshot: Market Expected to Be Driven By the Initiatives Taken By Governments of Various Countries for Development in IoT
Figure 44 Asia-Pacific Market Snapshot: Market Expected to Be Driven By the Increasing Number of Connected Devices
Figure 45 RoW Market Snapshot: Market Expected to Be Driven By the Increasing Development of Internet of Things
Figure 46 Key Growth Strategies Adopted By Top Companies Between 2012 and 2015
Figure 47 Market Evaluation Framework: New Product Launches Fueled Growth and Innovation in 2013 and 2014
Figure 48 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 49 Intel Corporation: Company Snapshot
Figure 50 Intel Corporation: SWOT Analysis
Figure 51 Qualcomm Inc.: Company Snapshot
Figure 52 Qualcomm Inc.: SWOT Analysis
Figure 53 Freescale Semiconductor: Company Snapshot
Figure 54 Freescale Semiconductor: SWOT Analysis
Figure 55 Texas Instruments Incorporated: Company Snapshot
Figure 56 Texas Instruments Incorporated: SWOT Analysis
Figure 57 NXP Semiconductors: Company Snapshot
Figure 58 NXP Semiconductors: SWOT Analysis
Figure 59 ARM Holdings PLC.: Company Snapshot
Figure 60 Atmel Corporation: Company Snapshot
Figure 61 Mediatek Inc.: Company Snapshot
Figure 62 Microchip Technology Inc.: Company Snapshot
Figure 63 Renesas Electronic Corporation: Company Snapshot
Figure 64 Stmicroelectronics N.V.: Company Snapshot

According to the MarketsandMarkets forecast, the IoT chip market size, in terms of value, 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. Communication technologies and sensors are now being embedded in all device and appliance as the cost incurred for the same is negligible, while the value to the consumer and that of the data increases significantly. At the same time, the computing power and ubiquity of smartphones creates a control platform that is easily accessible to consumers at all times. Voice activation and other user interface innovations make it easy for consumers to interact with their connected homes as and when they want to, while advancements in control technologies automate and simplify their lives. Governments across the globe are supporting and funding research and development in Internet of Things to boost their productivity. Government support plays a critical role in the growth and development of IoT, which would, in turn, drive the IoT chip market.

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.

The automotive & transportation application accounted for the largest market share in 2015. The 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). The market for connected cars is expected to grow exponentially in the near future. Connected cars, along with the implementation of ITS, are expected to boost the semiconductor industry’s total addressable market with the growth in sensor content and integration of MEMS, connectivity devices, and MCUs.

The market for the healthcare application is also expected to gain momentum during the forecast period. Although there is a huge opportunity for IoT in the healthcare industry, currently, this market is in the initial stage. Medical devices that can measure daily routines and collect vital data, sensors in emergency rooms, and data analytics tools to integrate all these are expected to gain importance in the evolution of the healthcare system.

IoT Chip Market

North America is expected to hold the largest market share and dominate the IoT chip market between 2016 and 2020. Increased research and development in the field of Internet of Things in terms of new and improved technologies as well as the increasing demand for improved lifestyle are the two crucial factors driving the market.

However, the lack of a common communication standard across platforms acts as the major restraint for the growth of this market. Though Internet of Things has a huge potential, privacy and security of data is one of the main challenges it would face in the near future. The major vendors in the market include Intel Corporation, Qualcomm Inc., Freescale Semiconductor, NXP Semiconductors, ARM Holding PLC, Atmel Corporation, Texas Instruments, and others. These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansion to cater to the needs of the IoT chip market.

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