The Internet of Things contains a huge space for innovation. With the continuous deepening of its application development in various industries, it will spawn a large number of new technologies, new products, new applications and new models, which are of great interest to the industry. The huge business opportunity will start in 2015, are you ready?
The market trend is good, the application is blooming everywhere.
In the overall IoT market, IC Insights pointed out that the value of semiconductors related to IoT in 2015 will reach US$5.6 billion, with an annual growth rate of 19%, and it is expected to reach US$11.5 billion by 2018.
According to IC Insights, the total output value of the Internet of Things with networking and sensing system functions is about US$4.83 billion. It is expected that the output value in 2015 is expected to reach US$57.7 billion, which will grow by 19%. It is expected to exceed US$100 billion by 2018. The mark, about $103.6 billion, will have a compound growth rate (CAGR) of 21% from 2013 to 2018.
As sensor interconnect devices spread in the IoT market, Gartner predicts that online items will increase by 30% this year and next. Analysts pointed out that as of 2015, the number of IoT devices will increase from 3.8 billion to 4.9 billion.
For a variety of terminal applications for IoT semiconductors, it can be divided into smart cities, industrial embedded, car networking, smart homes and wearable devices. From the perspective of semiconductor output value of various application devices, Smart City Semiconductor has the highest proportion, reaching 53% this year. After other applications are upgraded, it will still be 37% by 2015. Secondly, the output value of industrial embedded semiconductors accounted for 29% of this year, and the value of automotive networking semiconductors accounted for about 8% this year. The above is the top three applications.
Figure 1: Proportion of output value of IoT semiconductor equipment
It can be seen from Figure 1 that the wearable semiconductor production value is not high, but the market will take the lead in response, and the output value growth rate is the most obvious. IC Insights estimates that the wearable semiconductor production value will be approximately US$ 528 million in 2018, and the compound annual growth rate will reach 46.9% from 2013 to 2018. The annual compound growth rate of the IoT semiconductor output value from 2013 to 2018 will be the second only. It is wearable, about 43.8%.
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