{"id":17602,"date":"2024-02-21T06:46:25","date_gmt":"2024-02-21T06:46:25","guid":{"rendered":"https:\/\/www.startupblink.com\/blog\/?p=17602"},"modified":"2024-03-15T18:06:10","modified_gmt":"2024-03-15T18:06:10","slug":"the-state-of-hardware-iot-startups-industry","status":"publish","type":"post","link":"https:\/\/www.startupblink.com\/blog\/the-state-of-hardware-iot-startups-industry\/","title":{"rendered":"The State of Hardware &#038; IoT Startup Industry"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"17602\" class=\"elementor elementor-17602\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-63ea522d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"63ea522d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1f064b5\" data-id=\"1f064b5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59a737d elementor-widget elementor-widget-text-editor\" data-id=\"59a737d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The Hardware &amp; IoT startup industry accounts for 6% of <\/span><a href=\"https:\/\/www.startupblink.com\/startups?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">startups<\/span><\/a><span style=\"font-weight: 400;\"> and 4.3% of <\/span><a href=\"https:\/\/www.startupblink.com\/unicorns?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">unicorns <\/span><\/a><span style=\"font-weight: 400;\">in our database. The industry has giants like DJI Innovations, Nikon, and AMD. The industry\u2019s geographic footprint, particularly highlighted by the dominance of Asian cities such as Shenzhen, Beijing, Tokyo-Yokohama, and Taipei City in the top 10. This industry snapshot, framed against the backdrop of 295 countries ranked in 2023 compared to 311 in 2022, shows a trend of less, but more dominant ecosystems in the industry.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fc94498 sl-content-box elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fc94498\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b516b6b\" data-id=\"b516b6b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9515a1b elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"9515a1b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/lp.startupblink.com\/pro-map\/?utm_campaign=blog&#038;utm_medium=blog&#038;utm_source=blog\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"595\" height=\"842\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/12-1.png\" class=\"attachment-full size-full wp-image-22182\" alt=\"Hardware &amp; IoT Startup Industry\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/12-1.png 595w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/12-1-212x300.png 212w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/12-1-106x150.png 106w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/12-1-45x64.png 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6a79d09\" data-id=\"6a79d09\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-744fb91 elementor-widget elementor-widget-heading\" data-id=\"744fb91\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What's inside the full report?\u200b<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f4c90a elementor-widget elementor-widget-text-editor\" data-id=\"4f4c90a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The report is fully available to StartupBlink Pro.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25966e3 elementor-widget__width-initial elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"25966e3\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Access to full data behind the report.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Extended Key Insights List<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11db54f elementor-widget__width-initial elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"11db54f\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Analysis on 5 Regions<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Access to Frequently Published Reports like this<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd29751 elementor-widget elementor-widget-button\" data-id=\"bd29751\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/lp.startupblink.com\/pro-map\/?utm_campaign=blog&#038;utm_medium=blog&#038;utm_source=blog\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn More About the PRO Benefits<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2ec63dd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2ec63dd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d82887\" data-id=\"5d82887\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f2d0a80 elementor-widget elementor-widget-text-editor\" data-id=\"f2d0a80\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Key Insights<\/strong><\/h2>\n<h3><strong>Hardware &amp; IoT Startup Industry Insights<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">In this section of the report, we discuss some of the key trends in the Hardware &amp; IoT industry. The Pro version of the report gives deeper insights into these trends with elaborated charts.<\/span><\/p>\n<h4><b>The most Dominant Hardware &amp; IoT Subindustries are Hardware, Consumer Electronics, and Manufacturing<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The Hardware &amp; IoT industry is led by three key subindustries: Hardware, Consumer Electronics, and Manufacturing, which together represent a significant portion of the startup activity within the sector. However, the industry is diverse, encompassing a total of 10 sub-industries, with Smart Home, Smart City, and Nanotechnology being among the smallest. Here are some insights on the subindustry level:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/barcelona-es?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Barcelona<\/span><\/a><span style=\"font-weight: 400;\"> is the 2nd ranked city when it comes to globally ranking ecosystems in Internet of Everything, surpassing London.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/stockholm-se?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Stockholm<\/span><\/a><span style=\"font-weight: 400;\"> is the 4th ranked ecosystem in Consumer Electronics, as the only European city in the subindustry\u2019s global ranking.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For Manufacturing, <\/span><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/tokyo-jp?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Tokyo<\/span><\/a><span style=\"font-weight: 400;\"> ranks 4th in the world as the top-ranked Asian city for the subindustry.<\/span><\/li>\n<\/ul>\n<p><strong>Our <a href=\"https:\/\/lp.startupblink.com\/pro-map\/?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\">Pro<\/a> members can access subindustry-level data.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e7223e elementor-widget elementor-widget-image\" data-id=\"0e7223e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/lp.startupblink.com\/pro-map\/?utm_campaign=blog&#038;utm_medium=blog&#038;utm_source=blog\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"708\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/12\/Country-1024x708.png\" class=\"attachment-large size-large wp-image-21358\" alt=\"\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/12\/Country-1024x708.png 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/12\/Country-300x207.png 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/12\/Country-150x104.png 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/12\/Country-768x531.png 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/12\/Country-1536x1061.png 1536w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/12\/Country-45x31.png 45w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/12\/Country.png 1880w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3f6a5d elementor-widget elementor-widget-text-editor\" data-id=\"f3f6a5d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4><b>In 2023, the Share of Hardware &amp; IoT Startups reached its highest growth rate.<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The share of Hardware &amp; IoT startups has shown significant growth, increasing from 6.48% to 10.6% since 2020, marking the highest growth rate recorded in the period. This indicates a robust expansion within the sector, as tracked by StartupBlink&#8217;s regularly updated database.<\/span><\/p>\n<h4><b>Hardware &amp; IoT Unicorns reached to 50 as of 2023<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The Hardware &amp; IoT industry has seen a remarkable increase in the number of unicorn startups, reaching a total of 50 in 2023. This includes twelve new unicorns emerging in 2023 alone, with the largest spike in unicorn creation occurring in 2022, when 21 new unicorns were recognized.\u00a0<\/span><\/p>\n<h4><b>From 2022 to 2023, Hardware &amp; IoT Exits experienced a 400% increase.<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Between 2022 and 2023, the Hardware &amp; IoT sector experienced a significant rise in exits, with an increase of over 400%. This surge suggests a growing interest in acquisitions, mergers, and public listings within the industry, reflecting its maturity and appeal to investors.\u00a0<\/span><\/p>\n<h4><b>16% of StartupBlink Pantheon is arriving from the Hardware &amp; IoT Industry<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In 2023, 16% of the entities in StartupBlink&#8217;s Pantheon, a term used to describe the most influential and impactful stakeholders in the global startup ecosystem, were from the Hardware &amp; IoT industry. This reveals the growing influence and importance of the sector in shaping technological advancements and industry standards.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18d17f9 elementor-widget elementor-widget-text-editor\" data-id=\"18d17f9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><strong>Hardware &amp; IoT Startup Ecosystem Insights<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">In this section of the report, we discuss the top ecosystems in Hardware &amp; IoT globally. The <\/span><a href=\"https:\/\/lp.startupblink.com\/pro-map\/?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Pro<\/span><\/a><span style=\"font-weight: 400;\"> version of the report gives deeper insights into the ecosystems, as well as offers an analysis of 5 regions for the industry: North America, Europe, Asia Pacific, Middle East &amp; Africa, and Latin America &amp; Caribbean.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f10508 elementor-widget elementor-widget-html\" data-id=\"4f10508\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe title=\"Top Cities for Hardware &amp;amp; IoT Startups\" aria-label=\"Table\" id=\"datawrapper-chart-j8I9g\" src=\"https:\/\/datawrapper.dwcdn.net\/j8I9g\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"689\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\r\n<\/script>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68d76b6 elementor-widget elementor-widget-text-editor\" data-id=\"68d76b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4><b>1. San Francisco Bay, United States<\/b><\/h4>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/san-francisco-ca-us?utm_campaign=newsletter&amp;utm_medium=Newsletter&amp;utm_source=newsletter\"><span style=\"font-weight: 400;\">San Francisco Bay<\/span><\/a><span style=\"font-weight: 400;\"> solidifies its position as a leader in the Hardware &amp; IoT industry, holding steadfast at the top rank with no changes from the previous year. San Francisco Bay Area sits in its league with a 2.6 times greater score compared to Shenzhen.<\/span><b><\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58b1f0c elementor-widget elementor-widget-image\" data-id=\"58b1f0c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/carles-rabada-FouyeA9HH5U-unsplash-1024x576.jpg\" class=\"attachment-large size-large wp-image-22170\" alt=\"Hardware &amp; IoT Startup Industry\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/carles-rabada-FouyeA9HH5U-unsplash-1024x576.jpg 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/carles-rabada-FouyeA9HH5U-unsplash-300x169.jpg 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/carles-rabada-FouyeA9HH5U-unsplash-150x84.jpg 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/carles-rabada-FouyeA9HH5U-unsplash-768x432.jpg 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/carles-rabada-FouyeA9HH5U-unsplash-1536x863.jpg 1536w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/carles-rabada-FouyeA9HH5U-unsplash-2048x1151.jpg 2048w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/carles-rabada-FouyeA9HH5U-unsplash-1100x620.jpg 1100w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/carles-rabada-FouyeA9HH5U-unsplash-45x25.jpg 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48ffa89 elementor-widget elementor-widget-text-editor\" data-id=\"48ffa89\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4><b>2. Shenzhen, China<\/b><\/h4>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/shenzhen-cn?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Shenzhen<\/span><\/a><span style=\"font-weight: 400;\"> rises to the second spot, marking China&#8217;s dominance in the Hardware &amp; IoT sector. This move up, with a significant 14 positions higher than its overall global rank, highlights Shenzhen&#8217;s promise in the Hardware &amp; IoT industry.<\/span><b><\/b><\/p>\n<h4><b>3. Beijing, China<\/b><\/h4>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/beijing-cn?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Beijing <\/span><\/a><span style=\"font-weight: 400;\">slightly falls to third place, yet remains a top player in the Hardware &amp; IoT industry. This minor drop reflects subtle shifts within a highly competitive global scene but does little to diminish Beijing&#8217;s overall strong performance and influence.<\/span><b><\/b><\/p>\n<h3><b>4. Los Angeles Area, United States<\/b><\/h3>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/los-angeles-ca-us?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">The Los Angeles Area<\/span><\/a><span style=\"font-weight: 400;\"> climbs five spots to rank fourth. This significant rise indicates a booming Hardware &amp; IoT ecosystem within the region, matching its overall rank and signaling rapid development and investment in tech innovation.<\/span><b><\/b><\/p>\n<h4><b>5. New York, United States<\/b><\/h4>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/new-york-ny-us?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">New York<\/span><\/a><span style=\"font-weight: 400;\">, despite a slight decline of one position to fifth, continues to be a major hub for Hardware &amp; IoT startups. This slight drop and a three-position disparity from its overall rank suggest competitive challenges yet confirm its enduring significance in the tech industry.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-45f9083 elementor-widget elementor-widget-image\" data-id=\"45f9083\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/luca-bravo-_QdFx92MO2U-unsplash-1024x683.jpg\" class=\"attachment-large size-large wp-image-22176\" alt=\"Hardware &amp; IoT Startup Industry\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/luca-bravo-_QdFx92MO2U-unsplash-1024x683.jpg 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/luca-bravo-_QdFx92MO2U-unsplash-300x200.jpg 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/luca-bravo-_QdFx92MO2U-unsplash-150x100.jpg 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/luca-bravo-_QdFx92MO2U-unsplash-768x512.jpg 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/luca-bravo-_QdFx92MO2U-unsplash-1536x1024.jpg 1536w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/luca-bravo-_QdFx92MO2U-unsplash-2048x1365.jpg 2048w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/luca-bravo-_QdFx92MO2U-unsplash-45x30.jpg 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35f45ca elementor-widget elementor-widget-text-editor\" data-id=\"35f45ca\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h4><b>6. Shanghai, China<\/b><\/h4>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/shanghai-cn?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Shanghai<\/span><\/a><span style=\"font-weight: 400;\"> ascends two places to rank sixth, reflecting its strengthening position in the Hardware &amp; IoT sector. With only a one-position difference from its overall global rank, Shanghai&#8217;s advancement showcases China&#8217;s broadening influence and innovation in technology.<\/span><\/p>\n<h4><b>7. Toky-Yokohama Area, Japan<\/b><\/h4>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/tokyo-jp?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">The Tokyo-Yokohama Area&#8217;<\/span><\/a><span style=\"font-weight: 400;\">s slight descent by one spot to seventh place indicates minimal adjustments in its global Hardware &amp; IoT ecosystem stance. However, being seven positions higher than its overall rank demonstrates the area&#8217;s strong and distinct impact in the industry.\u00a0<\/span><\/p>\n<h4><b>8. Boston Area, United States<\/b><\/h4>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/boston-ma-us?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Boston<\/span><\/a><span style=\"font-weight: 400;\">, experiencing a drop of two positions to eighth, indicates slight shifts within a highly competitive environment. The -3 difference from its overall rank points to the challenges faced in maintaining its pioneering role in the Hardware &amp; IoT landscape.<\/span><\/p>\n<h4><b>9. Tel Aviv, Israel<\/b><\/h4>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/boston-ma-us?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Tel Aviv<\/span><\/a><span style=\"font-weight: 400;\"> move up by one spot to ninth highlights Israel&#8217;s steady growth in the Hardware &amp; IoT industry. The minimal difference of one position higher than its overall global rank underlines the region&#8217;s consistent innovation and significant contributions to the global tech ecosystem.<\/span><\/p>\n<h4><b>10. Taipei City, Taiwan<\/b><\/h4>\n<p><a href=\"https:\/\/www.startupblink.com\/startup-ecosystem\/tel-aviv-yafo-il?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Taipei City<\/span><\/a><span style=\"font-weight: 400;\">, with a decrease of three spots to tenth, still excels remarkably in the Hardware &amp; IoT industry, standing 36 positions higher compared to its overall global rank. This exceptional standing is largely attributed to the presence of global giants like TSMC, emphasizing Taipei&#8217;s critical role in the global tech arena.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3bda291 elementor-widget elementor-widget-image\" data-id=\"3bda291\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/ethan-lin-AEKdzZn_bBI-unsplash-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-22173\" alt=\"hardware &amp; IoT startup industry\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/ethan-lin-AEKdzZn_bBI-unsplash-1-1024x683.jpg 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/ethan-lin-AEKdzZn_bBI-unsplash-1-300x200.jpg 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/ethan-lin-AEKdzZn_bBI-unsplash-1-150x100.jpg 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/ethan-lin-AEKdzZn_bBI-unsplash-1-768x512.jpg 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/ethan-lin-AEKdzZn_bBI-unsplash-1-1536x1024.jpg 1536w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/ethan-lin-AEKdzZn_bBI-unsplash-1-2048x1365.jpg 2048w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/ethan-lin-AEKdzZn_bBI-unsplash-1-45x30.jpg 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c985dd7 elementor-widget elementor-widget-text-editor\" data-id=\"c985dd7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><span style=\"font-weight: 400;\"><strong>Startup<\/strong> <strong>Insights<\/strong><\/span><\/h2>\n<h3><strong>Top 10 Hardware &amp; IoT Startups<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">As mentioned earlier, Hardware &amp; IoT has 6% of startups in StartupBlink&#8217;s Database. We are ranking the most promising startups every quarter based on their funding amount, employee size, and traffic. You can browse more startups on our <\/span><a href=\"https:\/\/www.startupblink.com\/startups?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">map<\/span><\/a><span style=\"font-weight: 400;\"> and see where they rank within their industry, region, country, city, or on a global scale.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc5dd31 elementor-widget elementor-widget-html\" data-id=\"dc5dd31\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe title=\"Top Hardware &amp;amp; IoT Startups by StartupBlink\" aria-label=\"Table\" id=\"datawrapper-chart-2kGgh\" src=\"https:\/\/datawrapper.dwcdn.net\/2kGgh\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"581\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\r\n<\/script>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c432721 elementor-widget elementor-widget-text-editor\" data-id=\"c432721\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><strong>Top 10 Hardware &amp; IoT Unicorns<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The Hardware &amp; IoT industry hosts 4.3% of <\/span><a href=\"https:\/\/www.startupblink.com\/unicorns?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">unicorns<\/span><\/a><span style=\"font-weight: 400;\"> in 2023. You can browse more unicorns on our database of unicorns and see where they rank within their industry, region, country, city, or on a global scale.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e3c82cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e3c82cf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-90bfbac\" data-id=\"90bfbac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac3f2f1 elementor-widget elementor-widget-html\" data-id=\"ac3f2f1\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe title=\"Top Hardware &amp;amp; IoT Unicorns by StartupBlink\" aria-label=\"Table\" id=\"datawrapper-chart-kh4IE\" src=\"https:\/\/datawrapper.dwcdn.net\/kh4IE\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"530\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\r\n<\/script>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c73b3df elementor-widget elementor-widget-text-editor\" data-id=\"c73b3df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><strong>Top 10 Hardware &amp; IoT Exits<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The Hardware &amp; IoT industry 2023 has more than 60 exits mapped that are valued above US$ 1 Billion. Here are the Top 10 Hardware &amp; IoT Exits, but you can browse more on <\/span><a href=\"https:\/\/www.startupblink.com\/exits?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">StartupBlink\u2019s Exits Map<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93766bf elementor-widget elementor-widget-html\" data-id=\"93766bf\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<iframe title=\"Top Hardware &amp;amp; IoT Exits by StartupBlink\" aria-label=\"Table\" id=\"datawrapper-chart-o7wTe\" src=\"https:\/\/datawrapper.dwcdn.net\/o7wTe\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"496\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\r\n<\/script>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da37128 elementor-widget elementor-widget-text-editor\" data-id=\"da37128\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Hardware &amp; IoT Pantheon<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.startupblink.com\/blog\/pantheons-influencers-index\/?utm_campaign=blog&amp;utm_medium=blog&amp;utm_source=blog\"><span style=\"font-weight: 400;\">Startup Pantheon<\/span><\/a><span style=\"font-weight: 400;\"> is a term coined by StartupBlink and includes organizations and companies from a variety of categories. Some of the pantheons are massive companies that used to be startups, like Microsoft and Apple, and others are cutting-edge initiatives that have produced positive changes for startups.\u00a0 You can view all pantheon members mapped in the industry on the <\/span><a href=\"https:\/\/www.startupblink.com\/pantheon\"><span style=\"font-weight: 400;\">pantheon map<\/span><\/a><span style=\"font-weight: 400;\">, and filter by sub industry as well. The top members of Hardware &amp; IoT Pantheon includes:<\/span><b><\/b><\/p>\n<p><b>1. DJI Innovations<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Shenzhen, China<\/span><\/p>\n<p><span style=\"font-weight: 400;\">DJI Innovations has contributed to the growth of the hardware industry by designing and manufacturing unmanned aerial vehicles and cameras, which have found applications in various industries such as filmmaking, agriculture, and conservation<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42a630c elementor-widget elementor-widget-image\" data-id=\"42a630c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/dexter-fernandes-r3uIrJaaBFc-unsplash-1-1024x683.jpg\" class=\"attachment-large size-large wp-image-22206\" alt=\"Hardware &amp; IoT\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/dexter-fernandes-r3uIrJaaBFc-unsplash-1-1024x683.jpg 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/dexter-fernandes-r3uIrJaaBFc-unsplash-1-300x200.jpg 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/dexter-fernandes-r3uIrJaaBFc-unsplash-1-150x100.jpg 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/dexter-fernandes-r3uIrJaaBFc-unsplash-1-768x512.jpg 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/dexter-fernandes-r3uIrJaaBFc-unsplash-1-1536x1024.jpg 1536w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/dexter-fernandes-r3uIrJaaBFc-unsplash-1-2048x1365.jpg 2048w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/dexter-fernandes-r3uIrJaaBFc-unsplash-1-45x30.jpg 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f73ae60 elementor-widget elementor-widget-text-editor\" data-id=\"f73ae60\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>\u00a0<\/p>\n<p><b>2. Fitbit<\/b><\/p>\n<p><span style=\"font-weight: 400;\">San Francisco,United States<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fitbit has made significant contributions to the industry by developing wearable fitness and activity trackers. These devices have played a key role in the popularization of personal health monitoring and the quantified self-movement<\/span><b><\/b><\/p>\n<p><b>3. Texas Instruments<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Dallas, United States<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Texas Instruments has been a major player in the hardware industry, particularly in the semiconductor and integrated circuit industry. The company&#8217;s innovations have been critical in the development of various electronic devices, including calculators, microcontrollers, and digital signal processors<\/span><b><\/b><\/p>\n<p><b>4. Nikon<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Tokyo, Japan<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nikon is well-known for its cameras, lenses, and other optical instruments, which have been widely used in photography, videography, and various scientific and industrial applications.<\/span><b><\/b><\/p>\n<p><b>5. AMD<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Santa Clara, United States<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMD has been one of the major developers in the development of microprocessors, graphics processing units, and related technologies. The company&#8217;s innovations have significantly influenced the design and performance of personal computers, gaming consoles, and data centers.<\/span><b><\/b><\/p>\n<p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a7044b7 elementor-widget elementor-widget-image\" data-id=\"a7044b7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/olivier-collet-JMwCe3w7qKk-unsplash-1024x768.jpg\" class=\"attachment-large size-large wp-image-22203\" alt=\"\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/olivier-collet-JMwCe3w7qKk-unsplash-1024x768.jpg 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/olivier-collet-JMwCe3w7qKk-unsplash-300x225.jpg 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/olivier-collet-JMwCe3w7qKk-unsplash-150x113.jpg 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/olivier-collet-JMwCe3w7qKk-unsplash-768x576.jpg 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/olivier-collet-JMwCe3w7qKk-unsplash-1536x1152.jpg 1536w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/olivier-collet-JMwCe3w7qKk-unsplash-2048x1536.jpg 2048w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/olivier-collet-JMwCe3w7qKk-unsplash-45x34.jpg 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31f5ea8 elementor-widget elementor-widget-text-editor\" data-id=\"31f5ea8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b>6. Canon<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Melville, United States<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Canon has contributed to the hardware industry through its developments in imaging and optical products. The company is renowned for its cameras, camcorders, printers, and various other imaging devices, which have found widespread use in photography, videography, and printing applications<\/span><b><\/b><\/p>\n<p><b>7. Nintendo<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Kyoto, Japan<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nintendo has made significant contributions to the hardware industry through its innovations in the field of video game consoles and handheld gaming devices. The company&#8217;s gaming hardware, including the Nintendo Entertainment System, Game Boy, and Switch, has had a profound impact on the gaming industry and popular culture<\/span><b><\/b><\/p>\n<p><b>8. Panasonic<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Osaka, Japan<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Panasonic has been a major player in the hardware industry, particularly in the development of consumer and industrial electronics. The company&#8217;s diverse range of products includes home appliances, audiovisual equipment, automotive electronics, and various other electronic devices, which have found widespread use globally.<\/span><b><\/b><\/p>\n<p><b>9. Samsung<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Seoul, South Korea<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Samsung has been a key contributor to the hardware industry through its innovations in consumer electronics, semiconductors, and display technologies. The company&#8217;s diverse product portfolio includes smartphones, televisions, memory chips, and various other electronic devices, which have had a significant impact on the consumer electronics market<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e442bd elementor-widget elementor-widget-image\" data-id=\"0e442bd\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/babak-habibi-34uOaL1He4w-unsplash-1024x683.jpg\" class=\"attachment-large size-large wp-image-22197\" alt=\"Hardware &amp; IoT\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/babak-habibi-34uOaL1He4w-unsplash-1024x683.jpg 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/babak-habibi-34uOaL1He4w-unsplash-300x200.jpg 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/babak-habibi-34uOaL1He4w-unsplash-150x100.jpg 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/babak-habibi-34uOaL1He4w-unsplash-768x512.jpg 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/babak-habibi-34uOaL1He4w-unsplash-1536x1024.jpg 1536w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/babak-habibi-34uOaL1He4w-unsplash-2048x1365.jpg 2048w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/babak-habibi-34uOaL1He4w-unsplash-45x30.jpg 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fa67c6 elementor-widget elementor-widget-text-editor\" data-id=\"3fa67c6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b>10. Acer<\/b><\/p>\n<p><span style=\"font-weight: 400;\">New Taipei City, Taiwan<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Acer has been a key player in the hardware industry, particularly in the development of personal computers, laptops, monitors, and other IT hardware products. The company&#8217;s innovations have contributed to the advancement of computing technology and the popularization of personal computing devices<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-875e0fd elementor-widget elementor-widget-image\" data-id=\"875e0fd\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"777\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/jeroen-den-otter-AYMILInhRTI-unsplash-1024x777.jpg\" class=\"attachment-large size-large wp-image-22194\" alt=\"\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/jeroen-den-otter-AYMILInhRTI-unsplash-1024x777.jpg 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/jeroen-den-otter-AYMILInhRTI-unsplash-300x227.jpg 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/jeroen-den-otter-AYMILInhRTI-unsplash-150x114.jpg 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/jeroen-den-otter-AYMILInhRTI-unsplash-768x582.jpg 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/jeroen-den-otter-AYMILInhRTI-unsplash-1536x1165.jpg 1536w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/jeroen-den-otter-AYMILInhRTI-unsplash-2048x1553.jpg 2048w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/02\/jeroen-den-otter-AYMILInhRTI-unsplash-45x34.jpg 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4fc4f16 elementor-widget elementor-widget-text-editor\" data-id=\"4fc4f16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Methodology<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">We ensure accuracy in our rankings by relying on objective, quantifiable data instead of subjective tools like surveys. Our algorithm, based on data from the StartupBlink map and global data partners, minimizes assumptions and focuses on measurable results. Yearly improvements enhance algorithm accuracy, with momentum changes influenced not only by ecosystem achievements but also by these enhancements.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The algorithm is refined using data from the StartupBlink Global Map, covering 10-15% of global startup entities. Scores are determined uniformly, but sample sizes vary by location and data source. To address low sample size issues, we collaborate with 100 Ecosystem Partners, offering government agencies complimentary administrative access to curate datasets. Rankings involving Unicorns and Exits consider startup valuations, applying filters to exclude government entities and corporate spin-offs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Methodology used in the 11 industry rankings, including Hardware &amp; IoT, follows an algorithm aligned to that of the global rankings, but considering only industry-specific parameters and the business score.<\/span><\/p>\n<p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d130f4 elementor-widget elementor-widget-heading\" data-id=\"1d130f4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">OUR DATA PARTNERS<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cd74b16 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cd74b16\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-0393f3b\" data-id=\"0393f3b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7177f37 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"7177f37\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.crunchbase.com\/?utm_campaign=startupblink&#038;utm_medium=startupblink&#038;utm_source=startupblink\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"142\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/crunchbase2-1024x142.png\" class=\"attachment-large size-large wp-image-21111\" alt=\"\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/crunchbase2-1024x142.png 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/crunchbase2-300x41.png 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/crunchbase2-150x21.png 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/crunchbase2-768x106.png 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/crunchbase2-1536x212.png 1536w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/crunchbase2-2048x283.png 2048w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/crunchbase2-45x6.png 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-fe3b350\" data-id=\"fe3b350\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1edf1ef elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"1edf1ef\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.semrush.com\/partner\/startupblink_4145457\/?irclickid=zvzznZ2lyxyPT1IyXUS9p1tJUkFV3-w9XUAGzM0&#038;irgwc=1\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"137\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/semrush-1024x137.png\" class=\"attachment-large size-large wp-image-20680\" alt=\"\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/semrush-1024x137.png 1024w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/semrush-300x40.png 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/semrush-150x20.png 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/semrush-768x103.png 768w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/semrush-45x6.png 45w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/semrush.png 1280w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8e9c5f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8e9c5f3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-2bdefe7\" data-id=\"2bdefe7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ec27b49 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"ec27b49\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.statista.com\/?utm_campaign=startupblink&#038;utm_medium=startupblink&#038;utm_source=startupblink\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"600\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/statista3.png\" class=\"attachment-large size-large wp-image-20686\" alt=\"\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/statista3.png 600w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/statista3-300x300.png 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/statista3-150x150.png 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/statista3-350x350.png 350w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/statista3-240x240.png 240w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/statista3-120x120.png 120w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/statista3-100x100.png 100w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/statista3-45x45.png 45w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2022\/10\/elementor\/thumbs\/statista3-qfvs195t5r08zpjjrbg2zzv3fyp8sf3dwx63mre30w.png 200w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-3773efe\" data-id=\"3773efe\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13f33f9 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"13f33f9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/brightdata.com\/?utm_campaign=startupblink&#038;utm_medium=startupblink&#038;utm_source=startupblink\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/brightdata2.png\" class=\"attachment-large size-large wp-image-21108\" alt=\"\" srcset=\"https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/brightdata2.png 300w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/brightdata2-150x100.png 150w, https:\/\/www.startupblink.com\/blog\/wp-content\/uploads\/2023\/11\/brightdata2-45x30.png 45w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Hardware &amp; IoT startup industry accounts for 6% of startups and 4.3% of unicorns in our database. The industry has giants like DJI Innovations, Nikon, and AMD. The industry\u2019s geographic footprint, particularly highlighted by the dominance of Asian cities such as Shenzhen, Beijing, Tokyo-Yokohama, and Taipei City in the top 10. This industry snapshot, [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":22179,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"inline_featured_image":false,"footnotes":""},"categories":[25,52,26,51],"tags":[86],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The State of Hardware &amp; IoT Startup Industry<\/title>\n<meta name=\"description\" content=\"Take an in-depth look into the state of the Hardware &amp; IoT startup industry, with insights on industry startups, exits, unicorns, as well as top Hardware &amp; IoT cities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.startupblink.com\/blog\/the-state-of-hardware-iot-startups-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The State of Hardware &amp; 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