North America IoT Chips Market Size, Share & Trends Analysis Report By Hardware (Processor, Sensor, Connectivity IC, Memory Device, Logic Device and Others), By Vertical, By Country and Growth Forecast, 2024 - 2031

The North America IoT Chips Market would witness market growth of 10.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America IoT Chips Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $259,077 million by 2031. The Canada market is experiencing a CAGR of 13% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12% during (2024 - 2031).

IoT chips power smart home devices such as thermostats, lighting systems, security cameras, door locks, and appliances. These chips enable remote monitoring and control of home devices through smartphones or voice assistants, enhancing convenience, energy efficiency, and security for homeowners. In manufacturing and industrial settings, these chips are used in machinery, equipment, and sensors to collect data on machine performance, production efficiency, and supply chain logistics. IIoT applications enable predictive maintenance, real-time monitoring, and optimization of industrial processes, leading to cost savings and improved productivity.

IoT chips are crucial in wearable health devices, remote patient monitoring systems, and medical implants. These chips collect and transmit vital signs, biometric data, and patient health information to healthcare providers, facilitating personalized care, early disease detection, and chronic condition management. These chips are utilized in precision agriculture systems, crop monitoring sensors, and livestock tracking devices. These chips gather data on soil moisture, temperature, humidity, crop growth, and animal behavior, enabling farmers to make data-driven decisions, optimize resource usage, and improve crop yields.

Mexico has a well-established manufacturing ecosystem with expertise in automotive, electronics, aerospace, and other industries. Mexico is experiencing increasing demand for IoT solutions across various industries, like automotive, healthcare, agriculture, and smart cities. Mexican manufacturers increasingly adopt Industry 4.0 principles and digital transformation initiatives to enhance competitiveness and productivity. Mexico has a growing start-up ecosystem focused on technology innovation and entrepreneurship. Start-ups and technology companies in Mexico are developing IoT solutions tailored to market needs, including smart agriculture, e-commerce, logistics, and healthcare. Hence, the factors mentioned above will drive the regional market growth.

Free Valuable Insights: The IoT Chips Market is Predict to reach USD 1088.6 billion by 2031, at a CAGR of 11.1%

Based on Hardware, the market is segmented into Processor, Sensor, Connectivity IC, Memory Device, Logic Device and Others. Based on Vertical, the market is segmented into Industrial, Consumer Electronics, Automotive, Healthcare, Retail, BFSI and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Samsung Electronics Co., Ltd. (Samsung Group)
• STMicroelectronics N.V.
• Analog Devices, Inc.
• NXP Semiconductors N.V.
• Qualcomm Incorporated (Qualcomm Technologies, Inc.)
• Intel Corporation
• MediaTek, Inc.
• Texas Instruments, Inc.
• Infineon Technologies AG
• Microchip Technology Incorporated

North America IoT Chips Market Report Segmentation

By Hardware

• Processor
• Sensor
• Connectivity IC
• Memory Device
• Logic Device
• Others

By Vertical

• Industrial
• Consumer Electronics
• Automotive
• Healthcare
• Retail
• BFSI
• Others

By Hardware

• Processor
• Sensor
• Connectivity IC
• Memory Device
• Logic Device
• Others

By Vertical

• Industrial
• Consumer Electronics
• Automotive
• Healthcare
• Retail
• BFSI
• Others

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America IoT Chips Market, by Hardware
1.4.2 North America IoT Chips Market, by Vertical
1.4.3 North America IoT Chips Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Jun – 2024, Apr) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. North America IoT Chips Market by Hardware
5.1 North America Processor Market by Country
5.2 North America Sensor Market by Country
5.3 North America Connectivity IC Market by Country
5.4 North America Memory Device Market by Country
5.5 North America Logic Device Market by Country
5.6 North America Others Market by Country

Chapter 6. North America IoT Chips Market by Vertical
6.1 North America Industrial Market by Country
6.2 North America Consumer Electronics Market by Country
6.3 North America Automotive Market by Country
6.4 North America Healthcare Market by Country
6.5 North America Retail Market by Country
6.6 North America BFSI Market by Country
6.7 North America Others Market by Country

Chapter 7. North America IoT Chips Market by Country
7.1 US IoT Chips Market
7.1.1 US IoT Chips Market by Hardware
7.1.2 US IoT Chips Market by Vertical
7.2 Canada IoT Chips Market
7.2.1 Canada IoT Chips Market by Hardware
7.2.2 Canada IoT Chips Market by Vertical
7.3 Mexico IoT Chips Market
7.3.1 Mexico IoT Chips Market by Hardware
7.3.2 Mexico IoT Chips Market by Vertical
7.4 Rest of North America IoT Chips Market
7.4.1 Rest of North America IoT Chips Market by Hardware
7.4.2 Rest of North America IoT Chips Market by Vertical

Chapter 8. Company Profiles
8.1 Analog Devices, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 NXP Semiconductors N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Texas Instruments, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Microchip Technology Incorporated
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Infineon Technologies AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Intel Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 STMicroelectronics N.V.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.5.3 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Samsung Electronics Co., Ltd. (Samsung Group)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. MediaTek, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.6 SWOT Analysis

TABLE 1 North America IoT Chips Market, 2020 - 2023, USD Million
TABLE 2 North America IoT Chips Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– IoT Chips Market
TABLE 4 Product Launches And Product Expansions– IoT Chips Market
TABLE 5 Acquisition and Mergers– IoT Chips Market
TABLE 6 North America IoT Chips Market by Hardware, 2020 - 2023, USD Million
TABLE 7 North America IoT Chips Market by Hardware, 2024 - 2031, USD Million
TABLE 8 North America Processor Market by Country, 2020 - 2023, USD Million
TABLE 9 North America Processor Market by Country, 2024 - 2031, USD Million
TABLE 10 North America Sensor Market by Country, 2020 - 2023, USD Million
TABLE 11 North America Sensor Market by Country, 2024 - 2031, USD Million
TABLE 12 North America Connectivity IC Market by Country, 2020 - 2023, USD Million
TABLE 13 North America Connectivity IC Market by Country, 2024 - 2031, USD Million
TABLE 14 North America Memory Device Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Memory Device Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Logic Device Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Logic Device Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 20 North America IoT Chips Market by Vertical, 2020 - 2023, USD Million
TABLE 21 North America IoT Chips Market by Vertical, 2024 - 2031, USD Million
TABLE 22 North America Industrial Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Industrial Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Consumer Electronics Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Consumer Electronics Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 30 North America Retail Market by Country, 2020 - 2023, USD Million
TABLE 31 North America Retail Market by Country, 2024 - 2031, USD Million
TABLE 32 North America BFSI Market by Country, 2020 - 2023, USD Million
TABLE 33 North America BFSI Market by Country, 2024 - 2031, USD Million
TABLE 34 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 35 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 36 North America IoT Chips Market by Country, 2020 - 2023, USD Million
TABLE 37 North America IoT Chips Market by Country, 2024 - 2031, USD Million
TABLE 38 US IoT Chips Market, 2020 - 2023, USD Million
TABLE 39 US IoT Chips Market, 2024 - 2031, USD Million
TABLE 40 US IoT Chips Market by Hardware, 2020 - 2023, USD Million
TABLE 41 US IoT Chips Market by Hardware, 2024 - 2031, USD Million
TABLE 42 US IoT Chips Market by Vertical, 2020 - 2023, USD Million
TABLE 43 US IoT Chips Market by Vertical, 2024 - 2031, USD Million
TABLE 44 Canada IoT Chips Market, 2020 - 2023, USD Million
TABLE 45 Canada IoT Chips Market, 2024 - 2031, USD Million
TABLE 46 Canada IoT Chips Market by Hardware, 2020 - 2023, USD Million
TABLE 47 Canada IoT Chips Market by Hardware, 2024 - 2031, USD Million
TABLE 48 Canada IoT Chips Market by Vertical, 2020 - 2023, USD Million
TABLE 49 Canada IoT Chips Market by Vertical, 2024 - 2031, USD Million
TABLE 50 Mexico IoT Chips Market, 2020 - 2023, USD Million
TABLE 51 Mexico IoT Chips Market, 2024 - 2031, USD Million
TABLE 52 Mexico IoT Chips Market by Hardware, 2020 - 2023, USD Million
TABLE 53 Mexico IoT Chips Market by Hardware, 2024 - 2031, USD Million
TABLE 54 Mexico IoT Chips Market by Vertical, 2020 - 2023, USD Million
TABLE 55 Mexico IoT Chips Market by Vertical, 2024 - 2031, USD Million
TABLE 56 Rest of North America IoT Chips Market, 2020 - 2023, USD Million
TABLE 57 Rest of North America IoT Chips Market, 2024 - 2031, USD Million
TABLE 58 Rest of North America IoT Chips Market by Hardware, 2020 - 2023, USD Million
TABLE 59 Rest of North America IoT Chips Market by Hardware, 2024 - 2031, USD Million
TABLE 60 Rest of North America IoT Chips Market by Vertical, 2020 - 2023, USD Million
TABLE 61 Rest of North America IoT Chips Market by Vertical, 2024 - 2031, USD Million
TABLE 62 key information – Analog Devices, Inc.
TABLE 63 Key Information – Qualcomm Incorporated
TABLE 64 Key Information – NXP Semiconductors N.V.
TABLE 65 Key Information – Texas Instruments, Inc.
TABLE 66 Key Information – Microchip Technology Incorporated
TABLE 67 Key Information – Infineon Technologies AG
TABLE 68 Key Information – Intel Corporation
TABLE 69 Key Information – STMicroelectronics N.V.
TABLE 70 Key Information – Samsung Electronics Co., Ltd.
TABLE 71 Key Information – MediaTek, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America IoT Chips Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting IoT Chips Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020 - 2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions: 2021, Jun – 2024, Apr) Leading Players
FIG 8 Porter’s Five Forces Analysis – IoT Chips Market
FIG 9 North America IoT Chips Market share by Hardware, 2023
FIG 10 North America IoT Chips Market share by Hardware, 2031
FIG 11 North America IoT Chips Market by Hardware, 2020 - 2031, USD Million
FIG 12 North America IoT Chips Market share by Vertical, 2023
FIG 13 North America IoT Chips Market share by Vertical, 2031
FIG 14 North America IoT Chips Market by Vertical, 2020 - 2031, USD Million
FIG 15 North America IoT Chips Market share by Country, 2023
FIG 16 North America IoT Chips Market share by Country, 2031
FIG 17 North America IoT Chips Market by Country, 2020 - 2031, USD Million
FIG 18 SWOT Analysis: Analog Devices, Inc.
FIG 19 SWOT Analysis: QUALCOMM Incorporated
FIG 20 SWOT Analysis: NXP Semiconductors N.V.
FIG 21 SWOT Analysis: Texas Instruments, Inc.
FIG 22 SWOT Analysis: Microchip Technology Incorporated
FIG 23 SWOT Analysis: Infineon Technologies AG
FIG 24 Recent strategies and developments: Intel Corporation
FIG 25 SWOT Analysis: Intel corporation
FIG 26 Recent strategies and developments: STMicroelectronics N.V.
FIG 27 SWOT Analysis: STMicroelectronics N.V.
FIG 28 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 29 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 30 SWOT Analysis: MediaTek, Inc.