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Market research analysts at Technavio have predicted that the IOT market in China will grow steadily at a CAGR of almost 19% by 2020. Recognizing the role of IOT in the modernization of the country's industries, the Chinese government has started taking measures to promote the technology for gearing up its industrial growth. The country currently stresses on points such as, fully utilizing the potential of IOT to grow the economy through high technology, instituting a world leading, reliable, and safe information system, and to develop innovative core technologies within the country rather than depending on imports. This strong government support for the adoption of IOT devices will be one of the major factors that will have a positive impact on the growth of the market in the region.
The growth of IOT in the automotive and industrial markets has increased the demand for semiconductors. China consumes a major share of the semiconductor chips manufactured across the world and is expected to continue to expand its semiconductor leadership and increase its market share during the forecast period. The demand for wearable devices will further increase the demand for semiconductors. This will result in the further expansion of the semiconductor industry, which will be one of the major trends that will gain traction in the market during the forecast period.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Integral part of IoT: Sensors
PART 07: IoT industry in China
PART 08: Market landscape
PART 09: Market segmentation by product
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Five forces analysis
PART 17: Key vendor analysis
PART 18: Appendix
PART 19: Explore Technavio
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