$18bn IoT IC sales in 2016, says IC Insights

IoT semiconductor sales are expected to rise 19% in 2016 to $18.4 billion rising to $29.6 billion in 2019 at a 2014-9 CAGR of 19.9%, says IC Insights.

By David Manners-Electronics Weekly, Sept. 07, 2016 – 

Semiconductor revenues for connected cities applications are projected to grow by a CAGR of 12.9% between 2014 and 2019 while the connected vehicles segment is expected to rise by a CAGR of 36.7%.

IoT IC sales for connected cities are forecast to reach $15.7 billion in 2019 while the chip market for connected vehicle functions is expected to be $1.7 billion in 2019, up from the previous forecast of $1.4 billion.

For 2016, revenues of IoT semiconductors used in connected cities applications are expected to rise 15% to about $11.4 billion while the connected vehicle category is projected to climb 66% to $787 million this year.

Sales of semiconductors for wearable IoT systems are now expected to grow 22% to about $2.2 billion in 2016 after surging 421% in 2015 to nearly $1.8 billion following Apple's entry into the smartwatch market in 2Q15.

The semiconductor market for wearable IoT applications is expected to be nearly $3.9 billion in 2019.

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