#Global Narrowband IoT (NBIoT) Chipset Market
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Narrowband (NB-IoT) chipset Market is projected to grow up to USD 4.3 billion by 2027 growing at a CAGR of 32.5% during the forecasting period 2021-2027.
A narrowband Internet of Things (NB-IoT) chipset is a tiny electronic device that may be placed in objects, machines, and electrical devices to provide connectivity. The narrowband Internet of Things (NB-IoT) chipset market is growing at a rapid pace, owing to the tremendous benefits associated with these technologies, such as low energy consumption by user devices, high system capacity, and improved spectrum utilization for wide-area coverage and deep coverage of an area. NB-IoT chipset prices are now comparable to those of Mobile Network (GSM) and General Packet Radio Service (GPRS) (GPRS). These, on the other hand, are anticipated to decline substantially as prices increase.
The overwhelming amount of NB-IoT applications and the increasing participation of industry players in the development of NB-IoT, as well as the high prevalence of IoT and the expanding use of connected devices, are some of the factors driving the growth of the NB-IoT chipset market in recent years. The research on the Global Narrowband IoT Chipset Market offers a comprehensive analysis of the marketplace. Detailed description of major segments, trends, drivers, and constraints, as well as the competition landscape and factors that are playing a significant role in the market, is provided by this research.The rise in the use of Internet of Things devices, as well as the increase in internet availability, are the primary drivers driving the development of the narrowband Internet of Things (NB-IoT) chipset market. Furthermore, the fast expansion of cellular Internet of Things networks to reach the whole community drives the market's quick expansion. Furthermore, as compared to unlicensed band based technologies like LoRaWAN and Sigfox, it has a greater penetration into structures and higher data rates, making it more opportune for industry development. Because of these reasons, the narrowband Internet of Things (NB-IoT) chipset market is expected to expand at a rapid pace in the foreseeable future.
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Global Narrowband IoT (NBIoT) Chipset Market
Global Narrowband IoT (NB-IoT) Chipset Market
was valued at US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at a CAGR of XX % during a forecast period.
Development in narrowband IoT technology and growing participation of industry players in the development of NB-IoT are among the factors fueling the growth of global narrowband IoT chipset market. In addition, growing implementation of IoT and rise in use of connected devices is further supplementing the growth of the global narrowband IoT chipset market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Based on the device segment,the wearable devices segment is projected to foresee the highest CAGR XX% in the overall market throughout the forecast period. The M2M and IoT market for wearable devices is projected to grow at a high rate with the development of new products and better customer engagement. The increasing market for wearable strategies across healthcare, performing, sports and fitness, and other sectors is driving the demand for low-power and greatly secure cellular networks.
On the basis of vertical segment, the implementation of NB-IoT technology is projected to help the energy sector to achieve business objectives. In the coming years, the technology can be deployed for overall plant automation, process optimization, supply chain optimization, improved safety, and combined business processes, while fulfilling corporate social responsibility. Currently, smart metering is the major application of NB-IoT technology in energy and utilities.
In terms of region, the growing implementation of NB-IoT technology in multiple applications, like smart meters, smart parking, smart streetlights, and healthcare, is a key factor driving the growth of the global narrowband IoT chipset market in APAC. China is currently dominating the market in APAC, terms of market size. Favorable government policies and a strong presence of narrowband IoT chipsets, modules, and infrastructure providers in China are the prime factors fueling the growth of the market in China. The main countries contributing to the European narrowband IoT chipset market.
The report offers a comprehensive assessment of the market. It does so via comprehensive qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research organizations and expectations. By doing so, the research report serves as a source of analysis and information for every facet of the market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Narrowband IoT (NB-IoT) Chipset Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Narrowband IoT (NB-IoT) Chipset Market.
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Scope of Global Narrowband IoT (NB-IoT) Chipset Market
Global Narrowband IoT (NB-IoT) Chipset Market, by Deployment Type
• Stand-Alone
• Guard Band
• In-Band
Global Narrowband IoT (NB-IoT) Chipset Market, by Device
• Smart Parking
• Smart Meters
• Trackers
• Alarms and Detectors
• Smart Streetlights
• Smart Appliances
• Wearable Devices
• Other Devices
Global Narrowband IoT (NB-IoT) Chipset Market, by Vertical
• Agriculture
• Automotive and Transportation
• Energy and Utilities
• Healthcare
• Manufacturing
• Safety and Security
• Infrastructure
• Building Automation
• Consumer Electronics
Global Narrowband IoT (NB-IoT) Chipset Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Narrow band IoT (NB-IoT) Chipset Market
• Huawei
• Qualcomm
• Nordic Semiconductor
• Samsung Electronics
• Intel
• Sanechips Technology
• Mediatek
• Altair Semiconductor
• Commsolid
• Riot Micro
• Sierra Wireless
• U-Blox
• Sequans Communication
• GCT Semiconductor
• Xiamen CheerzingIoT Technology
• Telit
• Quectel Wireless Solutions
• Simcom Wireless Solutions
• Gemalto
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Narrowband IOT Chipset Market 2020 Trends and Projected Market Size by 2020 – 2023
Market Research Future published a research report on “Narrowband IOT Chipset Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global Narrowband IoT (NB-IoT) Chipset Market: Synopsis
The detailed report published by Market Research Future (MRFR) projects that the global narrowband IoT chipset market is marked to exhibit remarkable expansion at a CAGR of 60% during the forecast period of 2017-2023. The global Narrowband Iot Chipset Market is also anticipated to reach the market valuation of USD 265 Mn by the end of the forecast period. Rapid adoption of technologically advanced solutions, increasing demand for automation of services in multiple industrial sectors, rapid conversion of metropolitans into smart cities in the developed and developing countries, increased penetration and adoption of advanced technology in the developing countries, rise in awareness of the advantages of automation and increased government funding for automation of vital services in various industrial sectors are majorly propelling the growth of the global Narrowband IoT Chipset Market during the assessment period.
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Key Players:
The key players profiled by Market Research Future (MRFR) that are operating in the Narrowband IOT Chipset Market are Intel Corporation (the U.S.), Huawei Technologies Co. Ltd., (China), Ericsson (Sweden), Nokia Corporation (Finland), Sierra Wireless (Canada), Deutsche Telekom AG (Germany), China United Network Communications Group Co., Ltd. (China), Quectel Wireless Solutions Co. Ltd. (China), Qualcomm Technologies Inc., (the U.S.), Vodafone Group plc (the U.K) and others. Other key innovators operating in the global narrowband IoT (NB-IoT) chipset market are u-blox (Switzerland), ZTE Corporation (China), SEQUANS Communications SA (France), Nordic Semiconductor (Norway), Emirates Telecommunication Group (UAE), China Telecommunications Corporation (China), Sigfox (France), STMicroelectronics (the U.S.), Gemalto (the Netherlands) and others.
Segmentation
The global narrowband IoT (NB-IoT) chipset market has been segmented on the basis of component, device, deployment, and end-user. Based on component, the global narrowband IoT (NB-IoT) chipset market has been segmented into hardware, software, and services. The hardware segment has been sub-segmented into modules and others. The services segment has been further sub-segmented into professional services and managed services. Based on applications, the global narrowband IoT (NB-IoT) chipset market has been segmented into alarms & detector, a smart appliance, tracker, wearable, smart meter, and many others. Based on deployment, the global narrowband IoT (NB-IoT) chipset market has been segmented into guard band, in-band, and standalone. Based on end-users, the global narrowband IoT (NB-IoT) chipset market has been segmented into healthcare, energy and utility, agriculture, retail, transportation and logistics, and others.
Regional Analysis
Geographically, the global narrowband IoT chipset market has been segmented into four major regions such as Asia Pacific (APAC), North America, Europe, and the Middle East and Africa. The North America region commands the maximum share of the global narrowband IoT chipset market. The rapid adoption of technologically advanced solutions, increasing demand for automation of services in multiple industrial sectors and easy adoption of advanced technology are majorly propelling the growth of the global narrowband IoT chipset market in the North America region. Rapid conversion of metropolitans into smart cities in the emerging economies, increased penetration and adoption of advanced technology in the developing countries, rise in awareness of the advantages of automation and increased government funding for automation of vital services in various industrial sectors such as healthcare, retail, transportation and others are fueling the growth of the narrowband IoT chipset market in the Asia Pacific region. High demand for technologically advanced solutions, increased investments for extensive research and development, rise in number of players operating in the global market and rapid improvement in internet connectivity are majorly contributing to the growth of the narrowband IoT chipset market in the Europe region.
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Narrowband IoT (NB-IoT) Chipset Market: By Region, 2017-2023
Table 2 North America Narrowband IoT (NB-IoT) Chipset Market: By Country, 2017-2023
Table 3 Europe Narrowband IoT (NB-IoT) Chipset Market: By Country, 2017-2023
Table 4 Asia Pacific Narrowband IoT (NB-IoT) Chipset Market: By Country, 2017-2023
Table 5 The Middle East & Africa Narrowband IoT (NB-IoT) Chipset Market: By Country, 2017-2023
Table 6 Latin America Narrowband IoT (NB-IoT) Chipset Market: By Country, 2017-2023
Table 7 Global Narrowband IoT (NB-IoT) Chipset By Deployment Market: By Regions, 2017-2023
Table 8 North America Narrowband IoT (NB-IoT) Chipset By Deployment Market: By Country, 2017-2023
Table 9 Europe Narrowband IoT (NB-IoT) Chipset By Deployment Market: By Country, 2017-2023
Table10 Asia Pacific Narrowband IoT (NB-IoT) Chipset By Deployment Market: By Country, 2017-2023
Continued…
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Narrowband IoT (NB-IoT) Chipset Market : Analysis and future growth opportunities by 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview
Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016.
Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various new industrial IoT (IIoT) devices, which includes smart parking, wearables, utilities, and industrial solutions. Being a low-power technology, NB-IoT finds use in devices and applications that operate at lower data rates. The technology also extends battery life of devices. The NB-IoT module, which incorporates the NB-IoT chipset, can operate for more than 10 years using a single-cell primary battery.
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Global Narrowband IoT (NB-IoT) Chipset Market: Key Trends
Some of the unique perceived benefits of narrowband IoT are that they consume lesser amounts of power, have superb range in closed areas and underground, can be easily outfitted in existing cellular network architecture, and provide network security and reliability. Because of these advantages they are seeing growing uptake and this in turn is boosting demand for narrowband IoT chipset. Besides, lower component costs too is proving beneficial for the market.
Drawbacks of the market are lack of standardization and steep cost of operating. However, the flourishing Internet of Things (IoT), which will likely have over 30 billion connections by 2020, as per IDC, will provide a major fillip to the market. As the market develops further, existing cellular networks may not be sufficient to service it. In fact, most of the newer IoT connections are industrial IoT (IIoT) solutions that require low power wide area (LPWA) technologies for effective connectivity. This is expected to majorly fuel demand for narrowband IoT chipsets.
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Global Narrowband IoT (NB-IoT) Chipset Market: Market Potential
The global narrowband IoT (NB-IoT) chipset market can be segmented based on different parameters. By deployment-type, it can be divided into guard band, in-band, and standalone. Depending upon the type of device, it can be divided into trackers, alarms and detectors, smart appliances, wearable devices, smart meters, etc. Depending upon end-use, the market can be segmented into automation and transportation, agriculture, energy, healthcare, retail, manufacturing, safety and security, building automation, and infrastructure.
Global Narrowband IoT Chipset Market: Regional Outlook
Geographically, the main segments of the global market for narrowband IoT (NB-IoT) chipset are Asia Pacific, North America, Europe, and the Rest of the World. North America, among them, is expected to hold most of the share in the market in the years to come because of the thrust on building smart cities. Apart from that, copious number of communication networks on account of high Internet penetration is also expected to boost the market in the region. Going forward, Asia Pacific is also expected to emerge as an attractive market.
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Global Narrowband IoT (NB-IoT) Chipset Market: Competitive Analysis
Big names operating in the global market for narrowband IoT (NB-IoT) chipset market are U-Blox Holding AG, Vodafone Group PLC, MistBase AB, Ericsson, and Huawei Technologies Co. Ltd. The report furnishes valuable information on their big moves, key strategies and strengths, sales and revenues, and prospects going forward. It leverages market-leading analytical tools to help them understand where the opportunity lies for them and how best to avoid pitfalls.
The study presents reliable qualitative and quantitative insights into:
Market segments and sub-segments
Market trends and dynamics
Supply and demand chain of the market
Market valuation (revenue and/or volume)
Key trends/opportunities/challenges
Forces defining present and estimated future state of the competitive landscape
Technological developments
Value chain and stakeholder analysis
The regional analysis covers:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
A detailed analysis of key segments of the market
Recent developments in the market’s competitive landscape
Detailed analysis of market segments up to second or third level of segmentation
Historical, current, and projected future valuation of the market in terms of revenue and/or volume
Key business strategies adopted by influential market vendors
Outline of the regulatory framework surrounding and governing numerous aspects of the market
Growth opportunities in emerging and established markets
Recommendations to market players to stay ahead of the competition
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Market Research Future published a research report on “Narrowband IOT Chipset Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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Narrowband Internet of Things (NB-IoT) is a wireless technology which allows several devices to connect across cellular telecommunication bands. Due to this low power technology, it is majorly deployed in devices operating at low data rates. The major advantages of narrowband IoT chipsets can be deployed as a simple addition of new software to the existing LTE infrastructure, leading to fast development, global roaming, and economies of scale and many others.
0 notes
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Narrowband Internet of Things (NB-IoT) is a wireless technology which allows several devices to connect across cellular telecommunication bands. Due to this low power technology, it is majorly deployed in devices operating at low data rates. The major advantages of narrowband IoT chipsets can be deployed as a simple addition of new software to the existing LTE infrastructure, leading to fast development, global roaming, and economies of scale and many others.
0 notes