Narrowband IoT (NB-IoT) Chipset Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025

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Narrowband IoT (NB-IoT) Chipset Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025

Status : October, 2020 | Semiconductor & Electronics | PPT format

Report Digest


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. 

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.

Global Narrowband IoT (NB-IoT) Chipset Market: Market Potential

The global market for narrowband IoT (NB-IoT) chipset 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.

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. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?