Narrowband IoT (NB-IoT) Chipset Market

Introduction of Narrowband IOT Chipset Market Report

Narrowband IoT refers to the fastest growing LPWAN technology which does not operate in the licensed LTE construct. The NB-IoT on a licensed spectrum helps in enhancing the reliability for users and provides guaranteed resource allocation required for the managed QoS. The Narrowband IoT chipset helps in saving the cost, offers reliability, and is widely used in smart metering, facility management services, fire alarms for homes & commercial properties, and tracking of persons, animals, or objects.

To have an edge over the competition by knowing the market dynamics and current trends of “Narrowband IoT (NB-IoT) Chipset Market”, request for Sample Report here

The factors driving the global Narrowband IoT Chipset Market include the rising participation of the leading industry players in the development of NB-IoT and the accelerating application of IoT across the globe, In addition to this, the increasing usage of the connected device is further propelling the growth of the market in the coming years. The strong demand for wearable devices driven by the outbreak of COVID-19 is creating new opportunities for market growth. Moreover, the rising M2M communications is surging the growth of the connected devices market, particularly in the industrial sector. The emerging industry trend, such as IoT has facilitated connectivity in various industries such as healthcare, consumer electronics, retail, and other sectors.

The decreased prices of sensors have surged the adoption of IoT across large enterprises. The NB-IoT allows smooth communications through better connectivity, rising preference for a smart and greener planet, and the low power requirement are the various exceptional features that are attracting a large number of end-users towards the market. The accelerating demand for connected devices for long-range connectivity is projected to increase the deployment of M2M/IoT devices such as smart streetlights, smart meters, smart parking solutions, and livestock monitoring devices. Furthermore, the growing number of projects related to smart cities and smart buildings are presenting various growth opportunities for the NB-IoT players to expand their presence in the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the deployment type, the guard band segment is expected to witness a higher CAGR in the market over the forecast period. This is mainly due to the numerous exceptional features of guard band such as the absence for frequency planning and reuse of existing infrastructure including RF modules & antenna. In addition to this, the growing need of no additional spectrum cost in guard band deployment is further supporting the growth of the segment.

On the basis of device, the wearable device segment is projected to grow at a faster CAGR over the coming years. The continuous growth in the wearable devices market, across entertainment, healthcare, and other applications, is one of the major factors that is driving the demand for highly secure and low-power cellular networks such as NB-IoT. Moreover, the strong demand for personal care diagnostics and rising aging population, particularly in the developed economies such as US, UK, and Japan, is further energizing the demand of the segment in the market.

Based on the Vertical, the energy and utilities segment is predicted to lead the market in the next six years owing to the increasing implementation of NB-IoT technology in the energy sector to achieve the target business objectives. Moreover, in the next few years, the NB-IoT technology will be used for the overall plant automation, supply chain optimization, process optimization, improved level of safety, and integration of business processes, which will further surge the segment’s demand over the coming years.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Based on the region, Asia-Pacific region is anticipated to grow at a higher CAGR over the forecast period. The accelerating adoption of NB-IoT technology in various applications such as smart parking, healthcare, smart meters, and other devices is one of the significant factors that is enhancing the market growth in this region. China is one of the leading economies in the APAC region due to the favorable government policies and the strong presence of providers of NB-IoT chipsets, infrastructure, and modules in the country.

Various notable players operating in the market include Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., Nordic Semiconductor, Samsung Electronics, Intel Corporation, MediaTek Inc., Altair Semiconductor, CommSolid GmbH, Sierra Wireless, and SEQUANS, among others. 

Key Developments: 

• • In 2020, Nordic Semiconductor entered into a partnership with Qorvo, with an aim to expand the IoT portfolio with two RF front-end modules of Qorvo. Through this partnership, the companies also aim to develop cellular IoT solutions using the Qorvo’s RFFE modules.
  • In 2019, Samsung Electronics singed an expansion contract with KT Corporation (KT) to offer public safety (PS-LTE) network solutions based on the 3GPP standard Release 13 for the major regions in South Korea. Moreover, the companies also aimed to deliver world’s first Narrowband Internet of Things (NB-IoT) service through the PS-LTE network.
  • In 2019, Qualcomm Technologies announced its next-generation modem purpose-built for Internet of Things (IoT) applications which include health monitors, smart city sensors, asset trackers, security systems, and smart meters, as well as a range of wearable trackers. The new Qualcomm® 9205 LTE modem is used to build cellular-enabled IoT products and services in a single chipset, such as global multimode LTE category M1 (eMTC) and NB2 (NB-IoT) as well as 2G/E-GPRS connectivity and application processing.

The global Narrowband IoT Chipset Market has been segmented on the basis of deployment type, device, vertical, and key regions. Based on deployment type, the market is segmented into stand-alone, guard band, and in-band. Based on device, the market is segmented into smart parking, smart meters, trackers, alarms and detectors, smart streetlights, smart appliances, wearable devices, and other devices. Based on verticals, the market is segmented into agriculture, automotive and transportation, energy and utilities, healthcare, manufacturing, safety and security, infrastructure, building automation, and consumer electronics. 

For detailed scope of the “Narrowband IoT (NB-IoT) Chipset Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global Narrowband IoT (NB-IoT) Chipset Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the Narrowband IoT (NB-IoT) Chipset Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Narrowband IoT Chipset Market?
  • Which device generated maximum revenues in 2019 and identify the most promising devices during the forecast period?
  • What are the various vertical areas of the global Narrowband IoT (NB-IoT) Chipset Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Deployment Type, By Device, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., Nordic Semiconductor, Samsung Electronics, Intel Corporation, MediaTek Inc., Altair Semiconductor, CommSolid GmbH, Sierra Wireless, and SEQUANS, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

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 Narrowband IoT (NB-IoT) Chipset Market (Option 1: As a part of the free 25% customization)
    • North America Narrowband IoT (NB-IoT) Chipset Market by Deployment Type
    • North America Narrowband IoT (NB-IoT) Chipset Market by Device
    • North America Narrowband IoT (NB-IoT) Chipset Market by Vertical
    • US Narrowband IoT (NB-IoT) Chipset Market All-Up
    • Canada Narrowband IoT (NB-IoT) Chipset Market All-Up
  • Europe Narrowband IoT (NB-IoT) Chipset Market (Option 2: As a part of the free 25% customization)
    • Europe Narrowband IoT (NB-IoT) Chipset Market by Deployment Type
    • Europe Narrowband IoT (NB-IoT) Chipset Market by Device
    • Europe Narrowband IoT (NB-IoT) Chipset Market by Vertical
    • UK Narrowband IoT (NB-IoT) Chipset Market All-Up
    • Germany Narrowband IoT (NB-IoT) Chipset Market All-Up
    • France Narrowband IoT (NB-IoT) Chipset Market All-Up
    • Spain Narrowband IoT (NB-IoT) Chipset Market All-Up
    • Rest of Europe Narrowband IoT (NB-IoT) Chipset Market All-Up
  • Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market by Deployment Type
    • Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market by Device
    • Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market by Vertical
    • China Narrowband IoT (NB-IoT) Chipset Market All-Up
    • India Narrowband IoT (NB-IoT) Chipset Market All-Up
    • Japan Narrowband IoT (NB-IoT) Chipset Market All-Up
    • Rest of APAC Narrowband IoT (NB-IoT) Chipset Market All-Up
  • RoW Narrowband IoT (NB-IoT) Chipset Market (Option 4: As a part of the free 25% customization)
    • RoW Narrowband IoT (NB-IoT) Chipset Market by Deployment Type
    • RoW Narrowband IoT (NB-IoT) Chipset Market by Device
    • RoW Narrowband IoT (NB-IoT) Chipset Market by Vertical
    • Brazil Narrowband IoT (NB-IoT) Chipset Market All-Up
    • South Africa Narrowband IoT (NB-IoT) Chipset Market All-Up
    • Saudi Arabia Narrowband IoT (NB-IoT) Chipset Market All-Up
    • UAE Narrowband IoT (NB-IoT) Chipset Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Narrowband IoT (NB-IoT) Chipset Market All-Up

Major Players Operating in the Narrowband IoT (NB-IoT) Chipset Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Huawei Technologies Co., Ltd.
  • Qualcomm Technologies, Inc.
  • Nordic Semiconductor
  • Samsung Electronics
  • Intel Corporation
  • MediaTek Inc.
  • Altair Semiconductor
  • CommSolid GmbH
  • Sierra Wireless
  • SEQUANS