Proof Point
Global value of IoT semiconductors and sensors market estimated to grow 15.3% annually, from $27.6 billion in 2015 to $114.2 billion by 2025
Global Value of IoT Semiconductors and Sensors Market
2015 – 2025F (US$ billions)
Proof Point Findings
- IoT Semiconductors and Sensors – Enabling technologies for Internet-of-Things (IoT) devices, such as microcontrollers, memory, connectivity chips, and sensors
- Steady Growth – Market value of IoT semiconductors and sensors projected to grow 15.3% yearly, from $27.6 billion in 2015 to $114.2 billion in 2025
- Low Power Devices – Low power devices, as well as low-cost components, expected to drive future demand in IoT semiconductors
- Geographic Concentration – U.S. and Europe to drive consumption for IoT in short term, with China market expected to accelerate between 2020 and 2025
- Key Growth Drivers – Include growing requirement for more data, increasing demand for new IoT applications, rapid growth in key geographic markets, and expansion of IoT in consumer, automotive, medical, and logistics fields, as well as smart home
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Accelerator |
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Sector |
Information Technology
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Source |
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Date Last Updated |
November 9, 2017
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