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North America IoT Chips Market Size, Share & Trends Analysis Report By Hardware (Processor, Sensor, Connectivity IC, Memory Device, Logic Device and Others), By Vertical, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 135 Pages
  • April 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5967227
The North America IoT Chips Market would witness market growth of 10.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America IoT Chips Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $259,077 million by 2031. The Canada market is experiencing a CAGR of 13% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12% during (2024 - 2031).



IoT chips power smart home devices such as thermostats, lighting systems, security cameras, door locks, and appliances. These chips enable remote monitoring and control of home devices through smartphones or voice assistants, enhancing convenience, energy efficiency, and security for homeowners. In manufacturing and industrial settings, these chips are used in machinery, equipment, and sensors to collect data on machine performance, production efficiency, and supply chain logistics. IIoT applications enable predictive maintenance, real-time monitoring, and optimization of industrial processes, leading to cost savings and improved productivity.

IoT chips are crucial in wearable health devices, remote patient monitoring systems, and medical implants. These chips collect and transmit vital signs, biometric data, and patient health information to healthcare providers, facilitating personalized care, early disease detection, and chronic condition management. These chips are utilized in precision agriculture systems, crop monitoring sensors, and livestock tracking devices. These chips gather data on soil moisture, temperature, humidity, crop growth, and animal behavior, enabling farmers to make data-driven decisions, optimize resource usage, and improve crop yields.

Mexico has a well-established manufacturing ecosystem with expertise in automotive, electronics, aerospace, and other industries. Mexico is experiencing increasing demand for IoT solutions across various industries, like automotive, healthcare, agriculture, and smart cities. Mexican manufacturers increasingly adopt Industry 4.0 principles and digital transformation initiatives to enhance competitiveness and productivity. Mexico has a growing start-up ecosystem focused on technology innovation and entrepreneurship. Start-ups and technology companies in Mexico are developing IoT solutions tailored to market needs, including smart agriculture, e-commerce, logistics, and healthcare. Hence, the factors mentioned above will drive the regional market growth.

Based on Hardware, the market is segmented into Processor, Sensor, Connectivity IC, Memory Device, Logic Device and Others. Based on Vertical, the market is segmented into Industrial, Consumer Electronics, Automotive, Healthcare, Retail, BFSI and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Samsung Electronics Co., Ltd. (Samsung Group)
  • STMicroelectronics N.V.
  • Analog Devices, Inc.
  • NXP Semiconductors N.V.
  • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
  • Intel Corporation
  • MediaTek, Inc.
  • Texas Instruments, Inc.
  • Infineon Technologies AG
  • Microchip Technology Incorporated

Market Report Segmentation

By Hardware
  • Processor
  • Sensor
  • Connectivity IC
  • Memory Device
  • Logic Device
  • Others
By Vertical
  • Industrial
  • Consumer Electronics
  • Automotive
  • Healthcare
  • Retail
  • BFSI
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America IoT Chips Market, by Hardware
1.4.2 North America IoT Chips Market, by Vertical
1.4.3 North America IoT Chips Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Jun - 2024, Apr) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America IoT Chips Market by Hardware
5.1 North America Processor Market by Country
5.2 North America Sensor Market by Country
5.3 North America Connectivity IC Market by Country
5.4 North America Memory Device Market by Country
5.5 North America Logic Device Market by Country
5.6 North America Others Market by Country
Chapter 6. North America IoT Chips Market by Vertical
6.1 North America Industrial Market by Country
6.2 North America Consumer Electronics Market by Country
6.3 North America Automotive Market by Country
6.4 North America Healthcare Market by Country
6.5 North America Retail Market by Country
6.6 North America BFSI Market by Country
6.7 North America Others Market by Country
Chapter 7. North America IoT Chips Market by Country
7.1 US IoT Chips Market
7.1.1 US IoT Chips Market by Hardware
7.1.2 US IoT Chips Market by Vertical
7.2 Canada IoT Chips Market
7.2.1 Canada IoT Chips Market by Hardware
7.2.2 Canada IoT Chips Market by Vertical
7.3 Mexico IoT Chips Market
7.3.1 Mexico IoT Chips Market by Hardware
7.3.2 Mexico IoT Chips Market by Vertical
7.4 Rest of North America IoT Chips Market
7.4.1 Rest of North America IoT Chips Market by Hardware
7.4.2 Rest of North America IoT Chips Market by Vertical
Chapter 8. Company Profiles
8.1 Analog Devices, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 NXP Semiconductors N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Texas Instruments, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Microchip Technology Incorporated
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Infineon Technologies AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Intel Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 STMicroelectronics N.V.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.5.3 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Samsung Electronics Co., Ltd. (Samsung Group)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. MediaTek, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.6 SWOT Analysis

Companies Mentioned

  • Samsung Electronics Co., Ltd. (Samsung Group)
  • STMicroelectronics N.V.
  • Analog Devices, Inc.
  • NXP Semiconductors N.V.
  • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
  • Intel Corporation
  • MediaTek, Inc.
  • Texas Instruments, Inc.
  • Infineon Technologies AG
  • Microchip Technology Incorporated

Methodology

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