Insight: IoT Chipset Market Size and Trends

4 Min Read May 27, 2025

Discover key trends in IoT chipset growth—TechInsights' new IoT Chipset Tracker reveals 15% unit shipment CAGR and 6% revenue CAGR from 2018–2024, despite major COVID-19 disruptions to supply and demand.

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According to TechInsights' newly launched IoT Chipset Tracker, the IoT Chipset market has grown at a CAGR of 15% in terms of unit shipments, whereas revenues have grown at a 6% CAGR during 2018 and 2024. A significant impact during this period was due to COVID-19, which disrupted both the demand and supply of Chips. The demand started falling in 2020, due to uncertainty and budgets being frozen throughout 2020, although demand came back in 2021, but by this time, the supply chain was completely disrupted.

This summary outlines the analysis found on the TechInsights' Platform.

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