![]() ![]() We believe that once the economy recovers and a new demand wave kicks in, chipset supply will become much more constraint again. Despite the demand slump, current chip lead times remain elevated compared to pre-COVID-19 levels. Chipset supply to remain constraint for years to come in the face of surging demandĬhipset supply chains have considerably improved in 2023 as demand has weakened in the face of a slowing economy. Compared to our last IoT device market update a year ago, we lowered our five-year IoT market outlook for two important reasons: 1. According to our analysis, by 2027, there will likely be more than 29 billion IoT connections. ![]()
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