+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
News Article

Industrial Internet and Connected Vehicles Drive IoT Sales Through 2021

IC Insights recently released its Update to its 2018 IC Market Drivers Report. The Update includes IC Insights' latest outlooks on the smartphone, automotive, PC/tablet and Internet of Things (IoT) markets.

The $93.9 billion top-line projection for total IoT systems sales in 2018 remains unchanged from the original MD18 forecast released in November 2017, but dollar volumes in end-use categories were adjusted due to slight changes in expected growth rates and also because $2.5 billion in revenues were reclassified and moved from the large connected cities segment to the broad-ranging Industrial Internet group, which covers most commercial applications, including medical. IoT systems revenues for industrial Internet applications are now forecast to grow 17.7% in 2018 to $35.9 billion, while the connected cities segment"”covering government-funded infrastructure, "smart" roadways and bridges, streetlights, power grids and other utilities, public-safety video security networks, environmental and weather monitors, and other systems"”is expected to increase 7.0% this year to $38.8 billion.

The strongest growth in 2018 is still expected to occur in the IoT-connected vehicle category, which is forecast to rise 21.6% this year to $4.5 billion. IoT sales generated by connected home systems are forecast to grow 16.0% in 2018 to $2.9 billion, while the wearable category (including Internet-enabled smartwatches and medical units) is expected to rise 12.4% to $11.8 billion this year.

The report's update lowers the projected 2016-2021 sales growth rate in three IoT end-use market categories with wearable systems going from a CAGR of 12.8% to 11.9%; connected homes applications dropping from a CAGR of 16.8% to 14.8%; and the industrial Internet segment being eased back from a CAGR of 18.7% to 17.8% in the five-year period. The sales growth forecast in connected vehicle systems remains unchanged at a strong CAGR of 22.9% between 2016 and 2021. Automotive Internet applications are accelerating as carmakers race each other to add more automated controls and driver-assist features for greater safety and create vehicles that are aware of their locations, road conditions, and changes in weather as well as communicate with each other. The five-year growth forecast in the connected cities category has been raised slightly, going from a CAGR of 6.3% to a 6.5% annual rate of increase in the MD18 update (Figure 1).



Purdue, imec, Indiana announce partnership
Resilinc partners with SEMI on supply chain resilience
NIO and NXP collaborate on 4D imaging radar deployment
Panasonic Industry digitally transforms with Blue Yonder
Global semiconductor sales decrease 8.7%
MIT engineers “grow” atomically thin transistors on top of computer chips
Keysight joins TSMC Open Innovation Platform 3DFabric Alliance
Leti Innovation Days to explore microelectronics’ transformational role
Quantum expansion
indie launches 'breakthrough' 120 GHz radar transceiver
Wafer fab equipment - facing uncertain times?
Renesas expands focus on India
Neuralink selects Takano Wafer Particle Measurement System
Micron reveals committee members
Avoiding unscheduled downtime in with Preventive Vacuum Service
NFC chip market size to surpass US$ 7.6 billion
Fujifilm breaks ground on new €30 million European expansion
Fraunhofer IIS/EAS selects Achronix embedded FPGAs
Siemens announces certifications for TSMC’s latest processes
EU Chips Act triggers further €7.4bn investment
ASE recognised for excellence by Texas Instruments
Atomera signs license agreement with STMicroelectronics
Gartner forecasts worldwide semiconductor revenue to decline 11% in 2023
CHIPS for America outlines vision for the National Semiconductor Technology Center
TSMC showcases new technology developments
Alphawave Semi showcases 3nm connectivity solutions
Greene Tweed to open new facility in Korea
Infineon enables next-generation automotive E/E architectures
Global AFM market to reach $861.5 million
Cepton expands proprietary chipset
Semtech adds two industry veterans to board of directors
Specialty gas expansion
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: