According to the latest forecast report from market research firm IC Insights, the market size of semiconductor components related to Internet of Things (IoT) subsystems and network communication, sensing and control functions within various devices is expected to grow by 29% in 2015. It reached $62.4 billion. IC Insights divides the IoT market into five major applications: connected cars, connected homes, industrial Internet, connected cities, and wearable devices, while wearables are the most powerful growth driver.
Apple Watch, Apple's first smart watch product, officially launched in April 2015, is the main reason for IC Insights to be optimistic about the future growth of wearable devices; although the future development of smart watches is not certain, IC Insights believes that at least for a short time Look, the advent of the Apple Watch (which includes many ICs, sensors and other electronic components) has driven the strong growth in shipments and sales of semiconductor components in the Internet of Things.
IC Insights estimates that overall IoT-related revenues (excluding servers, network infrastructure, and cloud computing systems) will achieve a CAGR of 21.1% from 2013 to 2018; and, in the future, the Internet of Things. The number of things will grow at a high rate, which is the main source of growth. From 2015 alone, the number of new connections to the Internet of Things will increase by 40%, and 574 million new connections will occur in embedded systems, sensors, instruments, automobiles, controllers, cameras, wearable electronics and more.
In the IoT world, “things†will obviously become the main body, and its number will greatly exceed the number of human users connected to the global network. IC Insights expects that the number of globally connected devices across the Internet of Things will reach 13.2 billion units in 2015; at the same time, approximately 3.1 billion human users worldwide connect to the Internet through computers, mobile phones and other smart terminals; it is estimated that by 2020, There will be more than 25 billion systems/devices connected worldwide, while the total number of human users connected to the Internet is about 4.4 billion.
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