In its latest report, market research firm MarketsandMarkets forecasts the Internet of Things (IoT) chip market is set to grow from $4.58 billion in 2015 to $10.78 billion by 2022, at a CAGR of 11.5% between 2016 and 2022. The wearable device application is expected to hold the largest market share and dominate the IoT chip market between 2016 and 2022 resulting from the increasing adoption of wearable devices. The growing popularity of IoT and the increasing adoption of smart watches and activity trackers in the consumer markets present huge opportunities for the IoT chip manufacturers. The demand for connectivity ICs and MCUs is expected to gain momentum owing to the growing wearable device market.
The IoT has given rise to new segments in the automotive and transportation sector such as connected cars and intelligent transportation systems. Connected cars, along with the implementations of intelligent transportation systems, are expected to boost the semiconductor industry's total addressable market with the growth in sensor content and integration of MEMS, connectivity devices, and MCUs. The major players in the IoT chip market include Intel Corporation, Qualcomm, Freescale / NXP Semiconductors, ARM Holding, Atmel, Texas Instruments, and many others.
The growing IoT market is the major driver for the IoT chip manufacturers. The integration of connectivity capabilities in an increasing number of devices and applications acts as a major driver for the market. The IoT concept involves every type semiconductor device that serves the purpose of wireless connectivity, low power consumption, and extremely small size. The chips need more precision and must manage power extremely efficiently. An example of the type of development that must happen is a high-precision quad p-channel MOSFET array from Advanced Linear Devices . They are designed to enable highly precise circuitry. The company recently released the ALD310708A enhancement-mode MOSFET array that enables a gate threshold of -0.80 V, which enables circuit designs with operating voltages as lows 0.80 V. These p-channel MOSFETs drive innovations that enable IoT applications to expand in capability. The precision level allows sensors provide a greater degree of mission critical information for monitoring and are intended for low power and small signal applications. It is these type of designs that will allow the IoT market to grow rapidly to meet the demand of designers to make the next cutting edge product.
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