Overview of the global industrial IoT (IIoT) chipsets market

Market research analysts at Technavio predict that the global industrial IoT (IIoT) chipsets market will grow steadily during the next four years at a CAGR of more than 30% by 2021. The demand from manufacturing industries for enhanced factory networks is one of primary growth factors for this market. A factory network assists the industrial companies to build one common plant to the business network. This allows factory automation and control systems to connect with the IT systems equipped with standardized Internet Protocol (IP) networking. Factory network provides advantages for companies to cut costs and improve their operational efficiency with a highly secure remote access. This can help mitigate risks by enhancing the network uptime and equipment availability. Moreover, factory network also provides industries security features to protect critical manufacturing assets.

The emergence of industry 4.0 is identified as one of the key trends that will contribute to the growth of the market in the future. Industry 4.0 is also known as the fourth industrial revolution that denotes a living network of people, machines, and products, leading to the optimization of the entire manufacturing flow with the help of real-time data. The rising growth of automation, electrification, data integration, human-machine interaction, and connectivity has led to the adoption of Industry 4.0. Moreover, to achieve this vision, industrial machines and industrial robots need to be fitted with microprocessors, microcontrollers, sensors, and switches that help increase the production efficiency.

Competitive landscape and key vendors  

The IIoT chipsets market consists of numerous players in the Americas, European countries, and few APAC countries. The government initiatives from the countries in APAC and EU are also driving the development of new products with advanced technologies. Also, due to the investments of the government, companies are spending more on R&D to develop new and innovative products.

The leading vendors in the market are -

• Cypress Semiconductor
• Intel
• NXP Semiconductor
• STMicroelectronics
• Texas Instruments

The other prominent vendors in the market are Cisco, Advanced Micro Devices, Toshiba, Qualcomm, Infineon Technologies, NVIDIA, Philips, GE, and Siemens.

Segmentation by application and analysis of the IIoT chipsets market

• Industrial PC chipsets
• IIoT Ethernet switches chipsets
• IIoT gateway chipsets

During 2016, the industrial PC chipsets accounted for the major shares of the IIoT chipsets market. Features such as the capability to withstand high temperatures, dirt, and vibrations and longer life compared to normal commercial PCs will contribute to the growth of this industry segment in the coming years. Moreover, the implementation of industrial PCs to automate processes in the several manufacturing companies also drives the market for industrial PC chipsets.

Geographical segmentation and analysis of the IIoT chipsets market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the IIoT chipsets market throughout the forecast period. The increasing popularity of industry 4.0 and the rising demand to adopt smart manufacturing in industries are the key factors driving the growth of IIoT chipsets market in the region. In addition, some of the government initiatives in the US and the demand for smart meters and nanoelectromechanical systems will also drive the growth of the market in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial IoT (IIoT) chipsets market?
• What are the key market trends impacting the growth of the global industrial IoT (IIoT) chipsets market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial IoT (IIoT) chipsets market?
• What are the market opportunities and threats faced by the vendors in the global industrial IoT (IIoT) chipsets market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial IoT (IIoT) chipsets market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming industry research report on the global industrial IoT chipsets market offers insights into the key trends and developing drivers influencing the growth of the industrial automation industry. Our market research reports for the industrial automation follow a reliable data collection methodology and offer an analysis of fast growing market segments like automation.

By considering the market forecast and size and the rising demand for various automation products and services, the market research professionals at Technavio offer a complete picture of the global industrial IoT chipsets market for the projected period of 2017 to 2021. Besides, our research practices help clients develop effective growth strategies and keep up with the dynamic market landscape. This market study also offers a wide-ranging analysis of various information gathered from specific resources such as channel partners and market stakeholders.

This upcoming industry report on the global industrial IoT chipsets market also considers the growth of the related markets such as the industrial automatic data capturing and identification systems, which is expected to grow at a CAGR of close to 6% during the forecasted period. Furthermore, this upcoming market research report on the global industrial IoT chipsets market also covers vendors like NXP Semiconductors N.V., Texas Instruments Incorporated, Intel Corporation, Qualcomm Incorporated, Cypress Semiconductor Corporation, Mediatek Inc., STMicroelectronics N.V., Huawei Technologies Co., Ltd., Nvidia Corporation, Microchip Technology Inc., and Renesas Electronics Corporation.

The upcoming industry research report on the global industrial IoT chipsets market categorizes the key drivers, major trends, as well as the constraints that the automation sector currently experiences. This report on the global industrial IoT chipsets market also presents deep-dive market assessments into the sectors such as robotics.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.