The internet chip includes hardware such as processors, sensors, connectivity ICs, memory devices, and logic devices, which are used to run the internet-enabled devices. It helps connect the two worlds physical and virtual with the help of cloud connectivity. The huge R&D in this field promises for the better future with improved lifestyle.
The demand for industrial internet chip technology is expected to rise globally in the next 4-5 years, owing to various factors, such as growth in needs for application-based microcontrollers, use of IPV6 addresses for better security, rise in need for wearable devices, and increase in cheaper wireless sensor networks. However, risk regarding privacy and security of user data restrain the growth of the market. Moreover, government initiatives for promotion globally is expected to open new opportunities in the market.
Industrial internet chip market is segmented based on the hardware and end user application. The market is based on its hardware is sub segmented into processor, sensor, connectivity IC, memory device, and logic device. Further, based on industry vertical, market is sub segmented into consumer electronics, IT & telecommunication industrial, automotive & transport, healthcare, aerospace & defense, and others.
Major Players profiled in the report are ARM Ltd., Cisco Systems, Inc., Intel Corporation, General Electric, Rockwell Automation, Inc., ABB, Texas Instruments Incorporated, Dessault Systemes, Honeywell International Inc., and Huawei Technologies Co. Ltd.
Industrial Internet Chip Market Report Highlights
| Aspects | Details |
 By Hardware |
|
 By Application |
|
 By Geography |
|
 Key Market Players | Texas Instrumentsorporated, Intel Corporation, Honeywell International, ARM, ABB, Cisco Systems, Rockwell Automation, Huawei Technologies, General Electric, Dessault Systemes |
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