#NB-IoT Chipset Market Trends

[iotexpo]

Industry trend｜Latest! Click to See How Global Cellular IoT Connections Broke Through the 4 Billion Mark?

With the continuous advancement of IoT technology and the expansion of application areas, the global cellular IoT market is experiencing unprecedented growth. At the end of 2024, this market reached an important milestone: the latest report from research firm IoT Analytics shows that the number of global cellular IoT connections has exceeded the 4 billion mark, accounting for about 22% of the total number of global IoT connections.

IoT Analytics said that global cellular IoT connections reached 3.9 billion in the first half of 2024, a year-on-year increase of 20% and a growth of 181% in the past five years. After continuous analysis, it was found that by the end of the third quarter of 2024, the number of cellular IoT connections will exceed 4 billion, and it is expected to reach 4.2 billion by the beginning of 2025. Driven by LTE Cat 1 bis and 5G, the number of connections between 2024 and 2030 is expected to climb at a compound annual growth rate (CAGR) of 15%.

Image source: IoT Analytics

LTE Cat 1 bis to boost cellular IoT growth

LTE Cat 1 bis has made a significant contribution to the growth of cellular IoT, with its number of connections increasing by 68% year-on-year in the first half of 2024. Based on 3GPP Release 13, LTE Cat 1 bis adopts a single antenna design optimized for low-power applications, reducing hardware complexity and cost, making it more attractive to manufacturers and solution providers.

In terms of market demand, due to the lack of LTE-M and the limitations of NB-IoT, China has accelerated the adoption of LTE Cat 1 bis. The latest data from IoT Analytics shows that China accounts for 85% of global LTE Cat 1 bis connections and achieved 56% year-on-year growth in the first half of 2024.

In terms of performance, LTE Cat 1 bis provides high-speed capabilities of up to 10 Mbps downlink and 5 Mbps uplink while maintaining low power consumption. LTE Cat-1bis was introduced in 3GPP Release 13, so two energy-saving features, PSM (Power Saving Mode) and eDRX (Extended Discontinuous Reception), were also introduced to better adapt to power-constrained applications.

Although not as energy-efficient as NB-IoT or Cat-M, Cat-1-bis still achieves a good balance between power consumption and throughput, and is particularly useful for devices that require frequent communication while maintaining battery life, such as smart meters and fleet management. , medical devices and payment solutions.

From a cost-effective perspective, LTE Cat 1 bis operates on existing LTE networks around the world, providing broad coverage. Ericsson data shows that LTE networks will cover 85% of the world's population except China in 2023. It provides a seamless migration path as 2G and 3G networks are retired, ensuring long-term and continued support for IoT applications.

In addition, the cost of Cat-1bis has also dropped quite rapidly, which has triggered a wave of customers migrating from LPWA or Cat-1 to Cat-1bis. Counterpoint research points out that Cat-1bis average selling price (ASP) will almost halve by 2024, making it a more cost-effective alternative in cost-constrained applications. At the same time, Aojie Technology doubled its global market share in the second quarter of 2024 with the strong performance of its chipsets in the Cat-1bis field.

The development driving force of 5G IoT: FWA and automobiles

Thanks to the iterations of 3GPP Release 15 and subsequent versions, 5G IoT connections have also achieved significant growth, enhancing their characteristics for high-speed (up to 20Gbps) and low-latency (as low as 1 millisecond) applications, which is ideal for applications that require Immediate response and high throughput applications are critical. 5G is capable of supporting up to one million devices per square kilometer, meeting the growing number of IoT devices.

Looking at market demand, China's massive investment in 5G infrastructure has created a strong ecosystem that supports widespread adoption. The availability of 5G-compatible devices and modules has lowered the threshold for various industries to implement 5G IoT solutions. IoT Analytics tracking analysis shows that China accounts for approximately 80% of global 5G IoT connections, with a year-on-year growth of 79% in the first half of 2024.

In terms of applications, FWA and the automotive industry are driving the growth of 5G IoT.

In the first half of 2024, FWA used 5G networks to provide high-speed Internet access to homes and businesses, especially in areas lacking fiber optic infrastructure, contributing 45% of global 5G IoT connections. This approach provides a cost-effective alternative to traditional broadband services and expands connectivity in less developed areas, a boon for long-range IoT connectivity needs.

Meanwhile, the latest research from the Global Mobile Suppliers Association (GSA) predicts that 5G will account for 42% of all FWA client device shipments this year, up from 34% last year, indicating that 5G will become the main FWACPR technology next year. John Yazlle, vice chairman of the GSA 4G/5G FWA Forum, said that this market dynamic "undoubtedly proves that 5G FWA has become mainstream."

The Internet of Vehicles is one of the important downstream industries of 5G. 5G helps the automotive industry move towards intelligent transformation. Data shows that the automotive industry, including transportation, supply chain and logistics, accounted for 26% of global 5G IoT connections during the same period, and the industry is integrating 5G IoT to enhance real-time navigation, telematics and infotainment.

In addition, 5G supports future technologies such as Cellular Vehicle-to-Everything (C-V2X), which enables communication between vehicles, infrastructure and other road users, including vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications. Since vehicles produced today will be used for more than a decade, integrating 5G ensures they remain compatible with emerging technologies throughout their lifespan.

The growth in the number of global cellular IoT connections not only marks the rapid development of IoT technology, but also reflects the depth and breadth of global digital transformation. 5G and LTE Cat 1 bis, as key technology drivers, are driving innovation and expansion of IoT applications, bringing new opportunities and value to global businesses and consumers.

Looking ahead, IoT Analytics analysts are optimistic about the development of 5G RedCap, proposing that 2025 will mark the first commercialization of 5G RedCap connections. It is expected that 5G eRedCap, which reaches Cat-1 level, will be released in 3GPP Release 18, while improving equipment efficiency and cost-effectiveness, promoting a smooth transition to the next generation of connections, and supporting a wide range of IoT applications, including use cases that require medium speeds, such as wearable devices and smart cameras.

This paper is from Ulink Media, Shenzhen, China, the organizer of IOTE EXPO (IoT Expo in China)

[globalgrowthinsights]

Pvc Cling Film Market Trends, Demand & Future Scope till 2032

Pvc Cling Film Market provides in-depth analysis of the market state of Pvc Cling Film manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Pvc Cling Film in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

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Major stakeholders, key companies Pvc Cling Film, investment feasibility and new market entrants study is offered.

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[chandupalle]

Narrowband IoT (NB-IoT) Chipset Market Size, Share, Industry Report & Trend Analysis

[delvenservices]

Narrowband IoT (NB-IoT) Chipset Market Analysis by Device, Deployment & Region

Narrowband IoT (NB-IoT) Chipset Market, By Device (Smart Meters, Smart Parking), Deployment (Guard, In-Band, Stand-Alone), Vertical (Energy & Utilities, Infrastructure, Building Automation) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

Global Narrowband IoT (NB-IoT) Chipset market is anticipated to reach USD 480.9 million in 2021 growing at a CAGR of 41.8% during the forecasting period, 2021-2028.

Narrowband IoT (NB-IoT) popularly known as LTE Cat NB1 is a technology that consumes less power but has a wider coverage. It has higher security and is also user friendly. It solves the problem of wireless connectivity along with providing higher range. It supports all the chipset manufactured products and also power major mobile equipment.

With an increased use of connective device being used along with a surge in use of wearable are some of the factors that have supported long-term expansion for Narrowband IoT (NB-IoT) Chipset industry.

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Key Findings

Global Narrowband IoT (NB-IoT) Chipset market is segmented into Device, Deployment, Vertical and, geography.

Device segment is segmented into Smart Meters, Smart Parking

Deployment segment is segmented into Guard, In-Band, Stand-Alone

Vertical segment is segmented into Energy & Utilities, Infrastructure, and Building Automation

Geographically, global Narrowband IoT (NB-IoT) Chipset market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

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Competitive Landscape

Key players in global Narrowband IoT (NB-IoT) Chipset market are  

Huawei (China),

Qualcomm (US),

Intel (US),

Nordic Semiconductor (Norway),

Sanechips (China),

Samsung (South Korea),

MediaTek (Taiwan),

Sercomm (Taiwan),

Cheerzing (China),

u-blox (Switzerland),

Telit Communications (UK),

Quectel (China),

Sequans Communications (France)

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The Narrowband IoT (NB-IoT) Chipset Market report answers a number of crucial questions, including:

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[sueheaven]

Narrowband IoT Chipset Market is Booming Worldwide | Gaining Revolution In Eyes of Global Exposure

Latest business intelligence report released on Global Narrowband IoT Chipset Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Narrowband IoT Chipset market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are:

Huawei (China)

Qualcomm (United States)

Samsung (South Korea)

Nordic Semiconductor (Norway)

Altair Semiconductor (Sony Group Company) (Israel)

Cheerzing (China)

Sercomm (Taiwan)

SIMCom (China)

Sequans Communications (France)

Sierra Wireless (Canada) Narrowband Internet of Things (NB-IoT) is known as a Low Power Wide Area Network (LPWAN) radio technology standard developed by the 3GPP to enable a wide range of cellular services and devices. The main advantages of narrowband IoT chipsets are deployed as a simple addition of new software to existing LTE infrastructure, leading to fast development, economies of scale, global roaming, and many others. Widening applications of Narrowband IoT technology and increasing participation of various industry players in the development of NB-IoT are among the factors which are fueling the growth of the NB-IoT chipset market. In addition to this, a rise in the use of connected devices and the growing adoption of IoT is further supplementing the growth of the NB-IoT chipset market. Key Market Trends: Increasing Participation of Industry Players in Development of NB-IoT Opportunities: Emerging Smart Cities and Smart Buildings Market Growth Drivers: Growing Adoption of IoT and Rise in Use of Connected Devices

Rising Demand for Low-Power, Low-Cost, and Long-Range Connectivity Technologies

Widening Applications of NB-IoT Technology Challenges: Long-Tail Ecosystem Consisting of Chipsets, Modules, Devices, and Application Platforms

Limited to Low-Speed Data Transmission Applications The Global Narrowband IoT Chipset Market segments and Market Data Break Down by Type (Standalone, Guard Band, In-Band), Application (Agriculture, Automotive, Energy, Others), Device (Smart Parking, Smart Meters, Trackers, Alarms and Detectors, Smart Streetlights, Smart Appliances, Wearable Devices, Other Devices)

Presented By

AMA Research & Media LLP

[sorav93]

NB-IoT Chipset Market 2022 - Growth, Trends, COVID-19 Impact, And Forecasts to 2028

NB-IoT Chipset Market 2022 – Growth, Trends, COVID-19 Impact, And Forecasts to 2028

“NB-IoT Chipset Market 2022-2028 A New Market Study, Titled “NB-IoT Chipset Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch. Description This global study of the NB-IoT Chipset Market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks…

[ellinapark]

Narrowband IoT ChipsetMarket Expectation Surges with Rising Demand and Changing Trends

Global Narrowband IoT Chipset Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Major Players in This Report Include:

Huawei (China)

Qualcomm (United States)

Samsung (South Korea)

Nordic Semiconductor (Norway)

Altair Semiconductor (Sony Group Company) (Israel)

Cheerzing (China)

Sercomm (Taiwan)

SIMCom (China)

Sequans Communications (France)

Sierra Wireless (Canada) Narrowband Internet of Things (NB-IoT) is known as a Low Power Wide Area Network (LPWAN) radio technology standard developed by the 3GPP to enable a wide range of cellular services and devices. The main advantages of narrowband IoT chipsets are deployed as a simple addition of new software to existing LTE infrastructure, leading to fast development, economies of scale, global roaming, and many others. Widening applications of Narrowband IoT technology and increasing participation of various industry players in the development of NB-IoT are among the factors which are fueling the growth of the NB-IoT chipset market. In addition to this, a rise in the use of connected devices and the growing adoption of IoT is further supplementing the growth of the NB-IoT chipset market. Market Drivers Growing Adoption of IoT and Rise in Use of Connected Devices

Rising Demand for Low-Power, Low-Cost, and Long-Range Connectivity Technologies

Widening Applications of NB-IoT Technology

Market Trend Increasing Participation of Industry Players in Development of NB-IoT

Opportunities Emerging Smart Cities and Smart Buildings

Challenges Long-Tail Ecosystem Consisting of Chipsets, Modules, Devices, and Application Platforms

Limited to Low-Speed Data Transmission Applications

The Narrowband IoT Chipset market study is being classified 20115 Presented By

AMA Research & Media LLP

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Narrowband IoT Chipset Market Size, Share & Segment by Raw Material, by End-User, by Form , by Modification type , by Function, by Regions & Global Market Forecast 2022-2028

The Narrowband IoT (NB-IoT) Chipset Market research study examines current and future trends in the industry globally. The study also includes a comprehensive geographical analysis, which provides readers with a comprehensive picture of the market's regional evolution. This analysis could be used by market participants to gain a competitive advantage over their competitors. The market research includes a competitor list and analysis, as well as a strategic industry analysis of the key market dynamics. The worldwide market analysis study research studies are used to analyze a variety of important characteristics, such as investment in a developing market, product success, and market expansion.

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Among other things, the study's competitive analysis section includes information on new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. This information can assist businesses in understanding how the industry's most significant competitors operate. The Narrowband IoT (NB-IoT) Chipset market research report forecasts general market conditions, market development prospects, potential restraints, major industry trends, market size, market share, sales volume, and future trends. Information on the global market's key drivers, regional dynamics, and current industry trends.

KEY MARKET SEGMENTATION:

BY DEPLOYMENT:

Stand-Alone

Guard Band

In-Band

Healthcare

Infrastructure

Building Automation

Manufacturing

Safety and Security

Agriculture

Automotive and Transportation

Energy and UtilitiesStand-Alone

Guard Band

In-Band

Healthcare

Infrastructure

Building Automation

Manufacturing

Safety and Security

Agriculture

Automotive and Transportation

Consumer Electronics

Smart Streetlights

Smart Parking

Smart Meters

Smart Appliances

Trackers

Alarms and Detectors

Wearable Devices

Market Segmentation

The research includes key industry developments, comprehensive market segmentation, a list of major market competitors, and other global market trends. The comprehensive research paints a comprehensive picture of the industry, covering a wide range of topics such as product description, market segmentation, and the current retailing environment. When all is said and done, this most recent market research study provides a comprehensive picture of the Narrowband IoT (NB-IoT) Chipset industry.

Competitive Outlook

The Narrowband IoT (NB-IoT) Chipset market study includes a list of major competitors, as well as strategic insights and an analysis of the industry's key factors. The study includes a SWOT analysis of the market's drivers and restraints, as well as extensive information on market definitions, classifications, applications, and interactions. The study provides excellent statistics, future projections, and in-depth market analysis on an international and regional scale.

Recent developments include trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of market players, analyses of emerging revenue pockets, changes in market regulations, strategic market growth analysis, application niches and dominance, geographic expansions, and technological advancements.

Report Conclusion

To learn more about the Narrowband IoT (NB-IoT) Chipset market, request an analyst briefing. Our knowledge will assist you in making an informed market decision that will aid in the growth of your business.

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Table Of Contents

 1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact Of Ukraine-Russia War

5. Value Chain Analysis

6. Porter’s 5 Forces Model

7. PEST Analysis

 8. Global Narrowband IoT (NB-IoT) Chipset Market Segmentation, By Deployment

8.1Introduction

8.2 Stand-Alone

8.3 Guard Band

8.4 In-Band

8.5 Other

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[chandupalle]

Cellular IoT Market Size, Share, Industry Trends, Growth Drivers Analysis 2030

The global cellular IoT market size was valued at USD 3.9 billion in 2021. it is projected to reach USD 15.4 billion by 2027, growing at a compound annual growth rate (CAGR) of 25.7% during the forecast period.

The key factors fueling the growth of the market include the increasing deployment of cellular IoT modules in smart city infrastructure and building automation verticals, and growing demand for cellular IoT in agricultural automation and environmental monitoring. Additionally, increasing application of cellular IoT modules in medical wearables, and Increasing applications for cellular IoT modules in vehicle telematics and fleet management is expected to create a growth opportunity for the cellular IoT industry.

The hardware segment is projected to account for the largest share of the market by 2027

Hardware components such cellular IoT modules and chipsets form the basis of the entire cellular IoT ecosystem.

The increasing deployment of cellular IoT modules in wearables and connected healthcare devices as well as smartcity infrastructure, and building automation projects is expected to fuel the growth of the hardware segment during by 2027

APAC region is expected to grow at the highest CAGR from 2021 to 2027

China, Japan, India, and South Korea are the major countries contributing to the growth of the cellular IoT market in APAC. Rapid deployment of smart city projects and increased demand for connected health wearable devices during the COVID-19 pandemic are driving the growth of the regional market.

Smart city infrastructure and building automation are the major verticals deploying cellular IoT modules. As of 2020, almost ~30% of the revenue of the market was generated from these verticals.

Emerging cellular IoT technologies such as NB-LTE-M, NB-IoT, and 5G are offering an affordable and power-efficient way to connect battery-operated devices to the internet. From smart street lighting to smart parking, these technologies can help in connecting devices more efficiently than the existing 2G and 3G technologies.

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Some of the major applications of cellular IoT in smart cities are in streetlights, traffic sensing and control devices, infrastructure monitoring devices, waste management devices, and parking management devices. Governments worldwide are particularly focusing on modern infrastructure reforms, and many pilot projects are being set up to achieve this goal. Besides, the governments in North America and Eastern Europe are incentivizing such projects and forging public–private partnerships (PPPs).

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[sueheaven]

Narrowband IoT Chipset Market is Booming Worldwide | Gaining Revolution In Eyes of Global Exposure

Latest business intelligence report released on Global Narrowband IoT Chipset Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Narrowband IoT Chipset market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are:

Huawei (China)

Qualcomm (United States)

Samsung (South Korea)

Nordic Semiconductor (Norway)

Altair Semiconductor (Sony Group Company) (Israel)

Cheerzing (China)

Sercomm (Taiwan)

SIMCom (China)

Sequans Communications (France)

Sierra Wireless (Canada) Narrowband Internet of Things (NB-IoT) is known as a Low Power Wide Area Network (LPWAN) radio technology standard developed by the 3GPP to enable a wide range of cellular services and devices. The main advantages of narrowband IoT chipsets are deployed as a simple addition of new software to existing LTE infrastructure, leading to fast development, economies of scale, global roaming, and many others. Widening applications of Narrowband IoT technology and increasing participation of various industry players in the development of NB-IoT are among the factors which are fueling the growth of the NB-IoT chipset market. In addition to this, a rise in the use of connected devices and the growing adoption of IoT is further supplementing the growth of the NB-IoT chipset market. Key Market Trends: Increasing Participation of Industry Players in Development of NB-IoT Opportunities: Emerging Smart Cities and Smart Buildings Market Growth Drivers: Growing Adoption of IoT and Rise in Use of Connected Devices

Rising Demand for Low-Power, Low-Cost, and Long-Range Connectivity Technologies

Widening Applications of NB-IoT Technology Challenges: Long-Tail Ecosystem Consisting of Chipsets, Modules, Devices, and Application Platforms

Limited to Low-Speed Data Transmission Applications The Global Narrowband IoT Chipset Market segments and Market Data Break Down by Type (Standalone, Guard Band, In-Band), Application (Agriculture, Automotive, Energy, Others), Device (Smart Parking, Smart Meters, Trackers, Alarms and Detectors, Smart Streetlights, Smart Appliances, Wearable Devices, Other Devices)

Presented By

AMA Research & Media LLP