IoT Chip Market Worth $525.4 Billion by 2025 - Exclusive Report by MarketsandMarkets - Seite 2

Devices with 5–10 W power consumption are expected to grow at the fastest rate during the forecast period

Surveillance cameras and drones are the major contributors to the IoT chip market with power consumption between 5–10 W. Cameras for behavioral analysis, face recognition, and vehicle recognition have an average power consumption between 5 and 10 W. NVIDIA's Jetson TX1 draws around 8–10 W under a typical CUDA load, while its latest Jetson TX2 module draws 7.5 W at peak processing efficiency. Power management plays a significant role in the smart speaker system design as the ultimate goal is to provide power efficiently to dissipate less heat, allowing for a smaller and low-cost system.

Smart TV is the fastest-growing product in consumer electronics application, in terms of volume

The market for smart home devices is expected to grow exponentially in the near future, as many big players in the consumer electronics sector, such as LG Electronics (South Korea), Samsung Electronics (South Korea), and Whirlpool Corp. (US), have already launched a series of smart products in the market. These products can be controlled via different apps provided exclusively by these companies. Samsung Electronics (South Korea) is one of the largest smart product manufacturers in the world; this can be considered as a major step as it could be the turning point for IoT. The growth of smart products is expected to increase the IoT chip market's total addressable market with growth in connectivity devices.

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104 – Tables
73 –  Figures
234  – Pages

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The US to hold the largest share in the North American IoT chip market during the forecast period

The US is estimated to be the largest market for IoT chips in North America during the forecast period. It is home to some of the most prominent IoT hardware manufacturers, such as NXP Semiconductors (US), Intel Corporation (US), and Texas Instruments Incorporated (US). Increased R&D in the field of IoT in terms of new and improved technologies, growing government investments for the implementation of IoT solutions, and rising demand for improved lifestyle are the major factors driving the growth of the market.