The semiconductor market saw its first market growth since 2021 amid continued trade tensions, slow economic growth, and chip shortages.

IoT Analytics, a premier source of market insights and strategic business intelligence for the Internet of Things (IoT), has unveiled new research on the IoT semiconductor market.

This comprehensive report delves into the current status and market trends, along with the drivers, challenges, and opportunities for IoT semiconductor firms and IoT device/equipment manufacturers.

A key trend underscored is the increasing incorporation of AI chipsets in edge devices. This integration facilitates quicker and more intelligent data processing and decision-making at the source. Further investigation reveals how AI is capitalizing on NVIDIA chipsets, which are predominantly employed for high-performance computing and deep learning applications. Instances of industrial AI platforms based on various NVIDIA GPUs, including Jetson AGX Orin and Jetson Orin Nano, are presented. Additionally, a comprehensive analysis of other significant trends and technological advancements in the IoT semiconductor market is provided.

The findings are derived from the IoT Chipset and IoT Module Trends Report 2023, which is grounded in thorough research and interviews with industry experts and stakeholders. It serves as a crucial resource for anyone keen on comprehending the current landscape and future trajectory of the IoT semiconductor market. The report can be procured from the IoT Analytics website.

KEY QUOTES:

Knud Lasse Lueth, CEO at IoT Analytics, comments that “In an age underscored by chip shortages, geopolitical tensions, and the ascendancy of AI, the semiconductor landscape pulsates with innovation. The unfolding narratives around IoT semiconductors not only offer solutions to pressing global challenges like sustainability and energy efficiency, but also seize fresh horizons, such as harnessing AI at the edge.”

Satyajit Sinha, Principal Analyst at IoT Analytics, added that:

“The ongoing trade tensions between the US, China, and Taiwan have significantly impacted global chip supply chains, leading to disruptions, increased costs, and delays in production. The semiconductor industry is experiencing a significant transformation due to the rising demand for AI chipsets and IoT connectivity. However, the industry also faces challenges, such as a severe shortage of AI GPUs and automotive chips. Also, it affects IoT chips based on mature nodes.”

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