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Rapid Growth in Global IoT Chips Market
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The global IoT chips market is set to expand significantly, reaching $375.5 billion by 2028 with a notable CAGR of 14.3%. The consumer electronics sector is poised to lead the market, driven by IoT vehicle and smart city initiatives. North America, primarily the U.S. and Canada, commands a substantial market share with key players like Analog Devices and Intel.
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How might the dominance of consumer electronics impact other IoT chip market segments?
In what ways can emerging markets contribute to the expansion of the IoT chips industry?
What potential challenges could arise with the rapid growth of the IoT chips market?
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