The IoT communication protocol market is expected to grow from USD 11.44 Billion in 2015 to USD 15.80 Billion by 2022, at a CAGR of 4.7% between 2016 and 2022. The IoT communication protocol market was dominated by the companies in North America, followed by the APAC-and Europe-based companies. The Top 5 players in the IoT communication protocol market in 2015 are STMicroelectronics N.V. (Switzerland), NXP Semiconductors N.V. (Netherlands), Synopsys, Inc. (U.S.), CEVA, Inc. (U.S.), and Texas Instruments, Inc. (U.S.). Other players profiled in the report MediaTek Inc. (Taiwan), EnOcean Gmbh (Germany), GainSpan Corp. (U.S.), Atmel Corp. (U.S.), and Mindtree Corp. (India).
Players have adopted various strategies such as new product/new service launches, agreements, collaborations, joint ventures, and partnerships, expansions and acquisitions to achieve growth in the Internet of Things technology market. NXP Semiconductors N.V. (Netherlands), was founded in 2006 and is headquartered at Eindhoven, the Netherlands. The company provides high-performance mixed signal and standard product solutions. Its product solutions are used in a range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer, and computing applications. NXP offers a portfolio of low power, cost-effective wireless solution for embedded devices. These solutions addresses a number of monitoring and control application for Internet of Things, including consumer, smart energy, industrial, and healthcare. The company under connectivity technology offers—short-range RF and wireless technology (Bluetooth LE, ZigBee, Thread and NFC); security; and sensor—both location and environmental sensors.
NXP Semiconductors N.V. has also made significant acquisitions in the wireless connectivity space so as gain firm foothold the IoT market. The company acquired Quintic in February 2015, to broaden its connectivity portfolio. Quintic is an innovator in the area of Bluetooth Low Energy (BTLE), a key connectivity standard for IoT devices. Thus, it can be inferred that the company is focusing on growth strategy through acquisitions with a view to provide end-to-end solution in the IoT ecosystem.
Synopsys, Inc. (U.S.) was founded in 1986 and is headquartered at California, U.S. The company is a provider of software, intellectual property (IP), and services used to design integrated circuits (ICs) and electronic systems. The company offers Bluetooth IP under its wireless IP segment. Synopsys’ DesignWare Bluetooth low energy IP is compliant with the latest specification and provides a compact and ultra-low-power wireless connectivity solution for IoT applications such as wearables, beacons, portable health, smart home and industrial that require on-chip wireless integration. In February 2016, Synopsys collaborated with Mindtree to deliver a complete Bluetooth Smart IP solution consisting of Synopsys' DesignWare Bluetooth Smart PHY IP on TSMC's 55-nanometer (nm) and 180-nm processes and Mindtree's BlueLitE link layer and software stack IP. The interoperable Bluetooth Smart IP solution addresses the growing requirements for wireless connectivity in ultra-low-power system-on-chips (SoCs) for the Internet of Things (IoT) applications.
IoT Communication Protocol Market by Connectivity Technology (Wi-Fi, Bluetooth, Zigbee, Bluetooth Smart), End-Use Application (Consumer Electronics, Automotive & Transportation, Building Automation, Healthcare), Region - Global Forecast to 2022
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