target audience: TECH SUPPLIER Publication date: Oct 2022 - Document type: Market Presentation - Doc Document number: # US49755322
IoT Semiconductor Market Share
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Abstract
This IDC Market Presentation reveals that the IoT remains a very large but fragmented industry segment where a large base of the volume is concentrated in 25-30 industry segments and specific devices.
The value proposition for this industry is driven by an ability to leverage a channel that provides a common set of software tools and reference designs that enable scale and broad adoption.
Devices will continue to migrate from fixed function to intelligent systems as semiconductors enable sensing, compute, connectivity, and safe and secure actuation.
The long-term CAGR for the IoT semiconductor market is 10-12%, higher for intelligent IoT.
Key vertical industry segments and markets include industrial, retail, energy, asset tracking, and transportation along with wearables, smart home, robotics, and smart appliances.