Dublin, Aug. 26, 2024 (GLOBE NEWSWIRE) -- The "Industrial IoT (IIoT) Chipsets - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Industrial IoT (IIoT) Chipsets is estimated at US$19.2 Billion in 2023 and is projected to reach US$97.8 Billion by 2030, growing at a CAGR of 26.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the IIoT chipsets market is driven by several factors, including the increasing adoption of automation and smart technologies in industrial sectors, advancements in semiconductor technology, and the rising demand for data-driven decision-making. The push towards Industry 4.0, which emphasizes the digital transformation of manufacturing processes, is a significant driver, as companies seek to enhance productivity and competitiveness through intelligent automation.
Technological advancements in semiconductor manufacturing have led to the development of more powerful and efficient chipsets, facilitating their widespread adoption. Additionally, the growing focus on energy efficiency and predictive maintenance solutions, which rely on real-time data and analytics, is further propelling the demand for IIoT chipsets. These trends, coupled with the continuous evolution of wireless communication standards and the expansion of connected devices, are expected to drive substantial growth in the IIoT chipsets market in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Industrial PCs Application segment, which is expected to reach US$39.1 Billion by 2030 with a CAGR of a 24.7%. The IIoT Ethernet Switches Application segment is also set to grow at 27.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.2 Billion in 2023, and China, forecasted to grow at an impressive 35.0% CAGR to reach $26.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial IoT (IIoT) Chipsets Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial IoT (IIoT) Chipsets Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial IoT (IIoT) Chipsets Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Advanced Micro Devices, Inc., Analog Devices, Inc., Cisco Systems, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 36 Featured):
- Advanced Micro Devices, Inc.
- Analog Devices, Inc.
- Cisco Systems, Inc.
- Infineon Technologies AG
- Intel Corporation
- Mediatek, Inc.
- Micron Technology, Inc.
- NXP Semiconductors N.V.
- Qualcomm Technologies, Inc.
- Rambus, Inc.
- Semtech Corporation
- Siemens AG
- STMicroelectronics N.V.
- Texas Instruments, Inc.
- Toshiba Corporation
Key Attributes
| Report Attribute | Details |
| No. of Pages | 177 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $19.2 Billion |
| Forecasted Market Value (USD) by 2030 | $97.8 Billion |
| Compound Annual Growth Rate | 26.2% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Industrial IoT (IIoT) Chipsets - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Adoption of Industry 4.0 Solutions Drives Demand for IIoT Chipsets
- Technological Advancements in Semiconductor Technology Propel Market Growth
- Expansion of Smart Manufacturing and Factories Strengthens Business Case for IIoT Chipsets
- Rising Investments in Smart Grid and Energy Management Systems Generate Demand for IIoT Chipsets
- Growing Focus on Predictive Maintenance and Asset Management Spurs Market Growth
- Stringent Regulatory Standards for Data Security Drive Adoption of Secure IIoT Chipsets
- Increasing Use of IIoT Chipsets in Healthcare and Medical Devices Generates New Opportunities
- Advances in Wireless Communication Technologies Propel Growth of IIoT Chipsets
- Rising Demand for Real-Time Data Analytics Drives Market Adoption
- Integration of AI and Machine Learning in IIoT Solutions Strengthens Market Position
- Growing Focus on Operational Efficiency and Productivity Spurs Demand for IIoT Chipsets
- Development of Scalable and Interoperable IIoT Platforms Expands Addressable Market
- Increasing Industrial Automation in Emerging Economies Generates Demand for IIoT Chipsets
- Government Initiatives to Promote Digitalization and Smart Infrastructure Propel Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/5xbjed
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