IoT Communication Protocol Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: NXP Semiconductors, STMicroelectronics, Texas Instruments, Mediatek

Acknowledging the kind of traction gained by this market, recently published a study report asserts that the global IoT Communication Protocol market size is projected to accrue voluminously by 2027. registering a phenomenal CAGR of 10.5% during the review period (2022 to 2027).

IoT Communication Protocol Market Overview

IoT communication protocol adoption would grow in proportion with the growth of connected devices. The major drivers for the growth of IoT are the growth of Internet connectivity, continuous growth of smartphones and connected devices, higher adoption of cloud computing, increased usage of wireless sensors and low power wide-area networks. The report segments the IoT communication protocol market on the basis of technology, application, and geography. The market study includes the market size of different technologies such as Wi-Fi, Bluetooth, Bluetooth Smart, Wi-Fi/ Bluetooth, Ant+/Bluetooth, ZigBee, NFC, GNSS, WHART, Cellular, NFC, and EnOcean  among others. Sustained growth in demand for smart home systems and expansion of internet connectivity devices are the major driving factors for the growth of IoT communication protocol market. Additionally, expansion of internet connectivity also led to the growth of market. However, security and privacy of information in IoT can hamper the growth of market. Contrarily, significant government funding across globe for research and development of IoT is an opportunistic factor for market.

Who are the Major Players in IoT Communication Protocol Market?

The IoT Communication Protocol Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes NXP Semiconductors, STMicroelectronics, Texas Instruments Incorporated (NasdaqGS:TXN), Mediatek Inc. (Taiwan:2454.TW), Synopsys Inc. (NasdaqGS :SNPS), Microchip (Atmel), Enocean, Mindtree, Ceva, Gainspan (Telit), and others.

Industry News:

16 Dec 2021 : NXP and Foxconn Industrial Internet Ltd. Announce Strategic Partnership to Accelerate Automotive Innovation

NXP Semiconductors N.V. (NASDAQ : NXPI), a leading automotive semiconductor company, has announced a strategic partnership with Foxconn Industrial Internet Ltd., a subsidy company of Foxconn group, (FII;601138.SH) to transform the car into the ultimate edge device.

17 Feb 2022 : STMicroelectronics’ “Intelligent Sensor Processing Unit” Integrates Brains into Sensors to Launch Onlife Era

Combining signal processing and AI algorithms onto MEMS sensors injects local decision-making while substantially saving space and power

What are the major Applications, Types and Regions for IoT Communication Protocol Market?

By Type, it is segmented into

• Wi-Fi


• Bluetooth


• Zigbee


• NB-IoT


• Others

By Applications it is segmented into

• Consumer Electronics


• Automotive & Transportation


• Building Automation


• Healthcare


• Others

IoT Communication Protocol Market Regional Analysis

North America region held the largest share of the IoT communication protocol market. The major driving factors for the growth in the North America region are increased research and development in the field of IoT, high penetration of Internet and smartphones, and growth of a number of IoT startups.

The APAC region is probable to grow at the highest CAGR during the forecast period. The occurrence of a huge end-user base in advanced economies such as Japan and South Korea and the growing demand for energy management systems are further projected to drive the market in this region.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The IoT Communication Protocol Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global IoT Communication Protocol Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our IoT Communication Protocol Market report scope?

Key Takeaways from this IoT Communication Protocol Report

• Evaluate IoT Communication Protocol market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the IoT Communication Protocol market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The IoT Communication Protocol Market is studied from 2017 - 2027.

What is the growth rate of IoT Communication Protocol Market?

The IoT Communication Protocol Market is growing at a CAGR of 10.5% over the next 5 years.

Who are the leading key players in IoT Communication Protocol Market?

NXP Semiconductors, STMicroelectronics, Texas Instruments Incorporated (NasdaqGS:TXN), Mediatek Inc. (Taiwan:2454.TW), Synopsys Inc. (NasdaqGS :SNPS), Microchip (Atmel), Enocean, Mindtree, Ceva, Gainspan (Telit), and others.

What regions regions does this IoT Communication Protocol Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of IoT Communication Protocol Market?

Wi-Fi, Bluetooth, Zigbee, NB-IoT, Others

What are the significant Applications of IoT Communication Protocol Market?

Consumer Electronics, Automotive & Transportation, Building Automation, Healthcare, Others

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.