HOME Top Market Reports Narrowband IoT Chipset Market by Offering (Hardware, Software), Device (Alarms & Detector, Smart Appliance, Tracker, Smart Meter, Wearable), Deployment Type (guard, in-band, standalone), End-Use Application, & Geography - Global Forecast to 2022

Narrowband IoT Chipset Market by Offering (Hardware, Software), Device (Alarms & Detector, Smart Appliance, Tracker, Smart Meter, Wearable), Deployment Type (guard, in-band, standalone), End-Use Application, & Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: SE 4621

 

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The narrowband IoT (NB-IoT) chipset market is expected to grow from USD 16.7 Million in 2017 to USD 181.02 Million by 2022, at a CAGR of 61.06% during the forecast period. The base year considered for the study is 2015, and the market size forecast has been given for the period between 2017 and 2022.

Objective of the Study:

  • To define, describe, and forecast the global NB-IoT  chipset market on the basis of offering, devices, deployment type, end-use application, and geography
  • To forecast the market size, in terms of value, for various segments with respect to four main regions, namely, Americas, Europe, Asia-Pacific, and RoW
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micro markets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the NB-IoT  market and detail the competitive landscape for market players
  • To map the competitive intelligence based on the company profiles, strategies of key players, and game-changing developments such as product developments, collaborations, and acquisitions

Research Methodology:

The research methodology used to estimate and forecast the NB-IoT chipset market begins with capturing data on key vendor revenues through secondary research such as Hoovers, Bloomberg Business, Factiva, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global NB-IoT chipset market from the revenue of the key market players. After arriving at the overall market size, the total market was split into several segments and sub-segments which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below:

Narrowband IoT Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights into ecosystem of this market including software provider, cloud infrastructure provider and automotive manufacturing companies. The major players in NB-IoT chipset market are Huawei Technologies Co. Ltd. (China), Ericsson (Sweden), Vodafone Group PLC (U.K.), Qualcomm Incorporated (U.S.), Intel Corporation (U.S.), Samsung Electronics (South Korea), Nokia Corporation (Finland), Verizon Communication (U.S.), CommSolid GmbH (Germany), U-Blox Holding AG (Switzerland), Sequans Communications S.A. (France) and MistBase AB (Sweden).

Key Target Audience

  • Raw material & manufacturing equipment suppliers
  • Cellular service provider
  • Semiconductor wafer vendors
  • Fabless players
  • EDA and IP core vendors
  • Foundry players
  • Original equipment manufacturers (OEMs)
  • ODM and OEM technology solution providers
  • Distributors and retailers
  • Research organizations
  • Technology standard organizations, forums, alliances, and associations
  • Technology investors
  • OS vendors
  • Content providers
  • Software providers
  • Content providers
  • Software providers

Scope of the Report:

The research report segments the NB-IoT Chipset market into the following submarkets:

By Offering:

  • Hardware
  • Software

By Deployment Type:

  • In-Band
  • Guard Band
  • Standalone

By Device:

  • Alarms & Detectors
  • Trackers
  • Smart Appliances
  • Smart Meters
  • Wearable Devices
  • Others

By End-Use Application:

  • Agriculture
  • Automotive & Transportation
  • Energy
  • HealthCare
  • Manufacturing
  • Retail
  • Safety & Security
  • Infrastructure
  • Building Automation
  • Others

By Geography:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Available Customizations:

  • Detailed analysis and profiling of additional market players (upto five)
  • Further break up of end user application for country

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for This Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Secondary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primaries
    2.2 Demand-Side Analysis of the Narrowband IoT Market
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
           2.2.3 Increasing Number of Connected Devices
           2.2.4 Growing IoT Market
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Market Opportunities in the NB-IoT Chipset Market
    4.2 Software & Cellular Network Expected to Dominate the NB-IoT Chipset Market During the Forecast Period
    4.3 Trackers Expected to Grow at Highest CAGR in NB-IoT Chipset Market By Device During Forecast Period
    4.4 Automotive & Transportation Expected to Grow at Highest CAGR in the NB-IoT Chipset Market During the Forecast Period
    4.5 NB-IoT Chipset Market in China Expected to Grow at the Highest Rate During the Forecast Period

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Narrowband IoT Chipset Market, By Offerings
           5.2.2 Narrowband IoT Chipset Market, By Deployment Type
           5.2.3 Narrowband IoT Chipset Market, By Device
           5.2.4 Narrowband IoT Chipset Market Segmentation: By End-Use Application
           5.2.5 Narrowband IoT Chipset Market Segmentation: By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Increasing Adoption of Machine-To-Machine Communication Between Mechanical Or Electronic Devices
                     5.3.1.2 Demand for Long-Range Connectivity
                     5.3.1.3 Need for Low-Power and Low-Cost Connectivity Technology
           5.3.2 Restraints
                     5.3.2.1 Low-Speed Data Transmission
                     5.3.2.2 Privacy and Security Concerns
           5.3.3 Opportunities
                     5.3.3.1 Emerging Smart Cities and Smart Buildings
                     5.3.3.2 Presence of Fragmented and Non-Standardized Technologies
           5.3.4 Challenges
                     5.3.4.1 Long Tail Ecosystem Consisting of Chipset, Module, Device and Application Platform

6 NB-IoT Chipset Market, By Offering (Page No. - 50)
    6.1 Introduction
    6.2 Hardware
    6.3 Software
           6.3.1 Device Management Platform
           6.3.2 Network Management Platform

7 NB-IoT Chipset Market, By Deployment Type (Page No. - 59)
    7.1 Introduction
    7.2 Standalone
    7.3 Guard Band
    7.4 In-Band

8 NB-IoT Chipset Market, By Device (Page No. - 69)
    8.1 Introduction
    8.2 Smart Appliances
    8.3 Smart Meters
    8.4 Trackers
    8.5 Alarms & Detectors
    8.6 Wearable Devices
    8.7 Others

9 NB-IoT Chipset Market, By End-Use Application (Page No. - 78)
    9.1 Introduction
    9.2 Agriculture
    9.3 Automotive & Transportation
    9.4 Energy
    9.5 Healthcare
    9.6 Manufacturing
    9.7 Retail
    9.8 Safety & Security
    9.9 Infrastructure
    9.10 Building Automation
    9.11 Others

10 Geographical Analysis (Page No. - 98)
     10.1 Introduction
     10.2 North America
               10.2.1 U.S.
               10.2.2 Canada
               10.2.3 Mexico
     10.3 Europe
               10.3.1 Germany
               10.3.2 U.K.
               10.3.3 France
               10.3.4 Italy
               10.3.5 Spain
               10.3.6 Rest of Europe
     10.4 Asia-Pacific
               10.4.1 China
               10.4.2 Japan
               10.4.3 South Korea
               10.4.4 India
               10.4.5 Rest of Asia-Pacific
     10.5 Rest of the World
               10.5.1 Middle East & Africa
               10.5.2 South America

11 Competitive Landscape (Page No. - 123)
     11.1 Overview
     11.2 Key Players in the Narrowband IoT Market
     11.3 Competitive Situations and Trends
     11.4 New Product Launches
     11.5 Partnerships, Contracts, Joint Ventures, Agreements, and Collaborations
     11.6 Funding

12 Company Profiles (Page No. - 128)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     12.1 Introduction
     12.2 Huawei Technologies Co. Ltd.
     12.3 Ericsson
     12.4 Vodafone Group PLC 
     12.5 Qualcomm Incorporated
     12.6 Intel Corporation
     12.7 Mistbase Communication System
     12.8 Samsung Electronics
     12.9 Verizon Communications
     12.10 Nokia Corporation
     12.11 U-Blox Holding AG
     12.12 Commsolid GmbH
     12.13 Sequans Communications S.A.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 157)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports


List of Tables (64 Tables)

Table 1 NB-IoT Chipset Market, By Offering, 2017–2022 (USD Thousand)
Table 2 NB-IoT Chipset Market for Hardware, By Region, 2013–2022 (USD Thousand)
Table 3 NB-IoT Chipset Market for Hardware, By Region, 2017–2022 (Thousand Units)
Table 4 NB-IoT Chipset Market, By Software, 2017–2022 (USD Thousand)
Table 5 NB-IoT Chipset Market for Services, 2013–2022 (USD Thousand)
Table 6 NB-IoT Chipset Market, By Deployment Type, 2017–2022 (USD Thousand)
Table 7 Standalone NB-IoT Chipset Market, By End-Use Application, 2018–2022 (USD Thousand)
Table 8 Standalone NB-IoT Chipset Market, By Region, 2018–2022 (USD Thousand)
Table 9 Guard Band NB-IoT Chipset Market, By End-Use Application, 2017–2022 (USD Thousand)
Table 10 Guard Band NB-IoT Chipset Market, By Region, 2017–2022 (USD Thousand)
Table 11 In-Band NB-IoT Chipset Market, By End-Use Application, 2017–2022 (USD Thousand)
Table 12 In-Band NB-IoT Chipset Market, By Region, 2017–2022 (USD Thousand)
Table 13 NB-IoT Chipset Market, By Device, 2017–2022 (USD Thousand)
Table 14 NB-IoT Chipset Market for Smart Appliances, By Region, 2017–2022 (USD Thousand)
Table 15 NB-IoT Chipset Market for Smart Meters, By Region, 2017–2022 (USD Thousand)
Table 16 NB-IoT Chipset Market for Trackers, By Region, 2017–2022 (USD Thousand)
Table 17 NB-IoT Chipset Market for Alarm & Detectors, By Region, 2017–2022 (USD Thousand)
Table 18 NB-IoT Chipset Market for Wearable Devices, By Region, 2017–2022 (USD Thousand)
Table 19 NB-IoT Chipset Market for Other Devices, By Region, 2017–2022 (USD Thousand)
Table 20 NB-IoT Chipset Market, By End-Use Application, 2017–2022 (USD Thousand)
Table 21 NB-IoT Chipset Market for Agriculture Application, By Type, 2017–2022 (USD Thousand)
Table 22 NB-IoT Chipset Market for Agriculture Application, By Region, 2017–2022 (USD Thousand)
Table 23 NB-IoT Chipset Market for Agriculture Application, By Deployment Type, 2017–2022 (USD Thousand)
Table 24 NB-IoT Chipset Market for Automotive & Transportation Application, By Type, 2017–2022 (USD Thousand)
Table 25 NB-IoT Chipset Market for Automotive & Transportation Application, By Region, 2017–2022 (USD Thousand)
Table 26 NB-IoT Chipset Market for Automotive & Transportation Application, By Deployment Type, 2017–2022 (USD Thousand)
Table 27 NB-IoT Chipset Market for Energy Application, By Region, 2017–2022 (USD Thousand)
Table 28 NB-IoT Chipset Market for Energy, By Deployment Type, 2017–2022 (USD Thousand)
Table 29 NB-IoT Chipset Market for Healthcare Application, By Region, 2017–2022 (USD Thousand)
Table 30 NB-IoT Chipset Market for Healthcare Application, By Deployment Type, 2017–2022 (USD Thousand)
Table 31 NB-IoT Chipset Market for Manufacturing Application, By Region, 2017–2022 (USD Thousand)
Table 32 NB-IoT Chipset Market for Manufacturing Application, By Deployment Type, 2017–2022 (USD Thousand)
Table 33 NB-IoT Chipset Market for Retail Application, By Region, 2017–2022 (USD Thousand)
Table 34 NB-IoT Chipset Market for Retail Application, By Deployment Type, 2017–2022 (USD Thousand)
Table 35 NB-IoT Chipset Market for Safety & Security Application, By Region, 2017–2022 (USD Thousand)
Table 36 NB-IoT Chipset Market for Safety & Security Application, By Deployment Type, 2017–2022 (USD Thousand)
Table 37 NB-IoT Chipset Market for Infrastructure ApPLCiation, By Region, 2017–2022 (USD Thousand)
Table 38 NB-IoT Chipset Market for Infrastructure Application, By Deployment Type, 2017–2022 (USD Thousand)
Table 39 NB-IoT Chipset Market for Building Automation Application, By Type, 2017–2022 (USD Thousand)
Table 40 NB-IoT Chipset Market for Building Automation Application, By Region, 2017–2022 (USD Thousand)
Table 41 NB-IoT Chipset Market for Building Automation Application, By Deployment Type, 2017–2022 (USD Thousand)
Table 42 NB-IoT Chipset Market for Other Applications, By Type, 2017–2022 (USD Thousand)
Table 43 NB-IoT Chipset Market for Other Applications, By Deployment Type, 2017–2022 (USD Thousand)
Table 44 NB-IoT Chipset Market, By Region, 2017–2022 (USD Thousand)
Table 45 NB-IoT Chipset Market in North America, By Country, 2013–2022 (USD Thousand)
Table 46 NB-IoT Chipset Market in North America, By End-Use Application, 2017–2022 (USD Thousand)
Table 47 NB-IoT Chipset Market in North America, By Device, 2017–2022 (USD Thousand)
Table 48 NB-IoT Chipset Market in North America, By Deployment Type, 2017–2022 (USD Thousand)
Table 49 NB-IoT Chipset Market in Europe, By Country, 2017–2022 (USD Thousand)
Table 50 NB-IoT Chipset Market in Europe, By End-Use Application, 2017–2022 (USD Thousand)
Table 51 NB-IoT Chipset Market in Europe, By Device, 2017–2022 (USD Thousand)
Table 52 NB-IoT Chipset Market in Europe, By Deployment Type, 2017–2022 (USD Thousand)
Table 53 NB-IoT Chipset Market in Asia-Pacific, By Country, 2017–2022 (USD Thousand)
Table 54 NB-IoT Chipset Market in Asia-Pacific, By End-Use Application, 2017–2022 (USD Thousand)
Table 55 NB-IoT Chipset Market in Asia-Pacific, By Device, 2017–2022 (USD Thousand)
Table 56 NB-IoT Chipset Market in Asia-Pacific, By Deployment Type, 2017–2022 (USD Thousand)
Table 57 NB-IoT Chipset Market in RoW, By Region, 2017–2022 (USD Thousand)
Table 58 NB-IoT Chipset Market in RoW, By End-Use Application, 2017–2022 (USD Thousand)
Table 59 NB-IoT Chipset Market in RoW, By Device, 2017–2022 (USD Thousand)
Table 60 NB-IoT Chipset Market in RoW, By Deployment Type, 2017–2022 (USD Thousand)
Table 61 Huawei and Intel are Expected to Lead the Narrowband IoT Market
Table 62 New Product Launches, 2015–2016
Table 63 Partnerships, Agreements, Collaborations, Contracts, and Joint Ventures, 2015–2016
Table 64 Funding, 2015–2016
 
 
List of Figures (66 Figures)
 
Figure 1 Narrowband IoT Market
Figure 2 Narrowband-IoT Market: Research Design
Figure 3 The Number of Connected Devices Expected to Grow Up to 50 Billion Units in 2020
Figure 4 The IoT Market is Expected to Reach USD 1.423 Trillion By 2020
Figure 5 Research Flow
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 NB-IoT Chipset Market, By Offering, 2017–2022
Figure 10 NB-IoT Chipset Market, By Device, 2017 vs 2022
Figure 11 NB-IoT Chipset Market, By End-Use Application, 2022
Figure 12 NB-IoT Chipset Market, By Region, 2017
Figure 13 NB-IoT Chipset Market Expected to Grow at A High Rate Between 2017 and 2022
Figure 14 Software Expected to Dominate the NB-IoT Chipset Market Between 2017 and 2022
Figure 15 Trackers Expected to Hold the Largest Share of the NB-IoT Chipset Market By 2022
Figure 16 Infrastructure Expected to Hold the Largest Share of the NB-IoT Chipset Market in 2022
Figure 17 The U.S. Expected to Hold the Largest Share of the NB-IoT Chipset Market Between 2017 and 2022
Figure 18 Evolution of Narrowband-IoT Standardisation
Figure 19 Growth in Demand for Low Power and Low-Cost Connectivity Technology are the Major Driving Factor for Narrowband IoT Market
Figure 20 Wireless Module Price : the Huawei Prospective
Figure 21 Smart City Ecosystem
Figure 22 Narrowband IoT Market Ecosystem
Figure 23 NB-IoT Chipsetsegmentation, By Offering
Figure 24 NB-IoT Chipset Market for Services Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 25 Solution Segment Expected to Dominate the NB-IoT Chipsetsoftware Market Between 2017 and 2022
Figure 26 Deployment & Integration Segment Expected to Dominate the NB-IoT Chipsetservice Market Between 2017 and 2022
Figure 27 NB-IoT Chipsetsegmentation, By Deployment Type
Figure 28 NB-IoT Chipset Market By Standalone Deployment Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 29 Infrasatructure Application Expected to Dominate the Guard Band NB-IoT Chipset Market Between 2017 and 2022
Figure 30 Manufacturing Expected to Grow at the Highest Rate for In-Band NB-IoT Chipset Market Between 2017 and 2022
Figure 31 NB-IoT Chipset Market Segmentation, By Device
Figure 32 Alarm & Detectors to Hold the Largest Market Share Between 2017 and 2022
Figure 33 Asia-Pacific NB-IoT Chipset Market is Expected to Witness the Highest Growth for the Trackers Between 2017 and 2022
Figure 34 NB-IoT Chipset Market Segmentation, By End-Use Application
Figure 35 Market for the Automotive & Transportation Application is Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 36 Asia-Pacific Expected to Witness the Highest Growth Rate for the Automotive & Transportation Application Between 2017 and 2022
Figure 37 North America Expected to Have the Largest Share for NB-IoT Chipsetin Healthcare Application Between 2017 and 2022
Figure 38 Guard Band NB-IoT Chipsetexpected to Hold Largest Share for Safety & Security Application Between 2017 and 2022
Figure 39 Asia-Pacific to Witness the Highest Growth in the Building Automation Market Between 2017 and 2022
Figure 40 NB-IoT Chipset Market Segmentation, By Region
Figure 41 NB-IoT Chipset Market in China Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 42 Snapshot of the NB-IoT Chipset Market in North America
Figure 43 Infrastructure to Hold the Largest Share of the North American NB-IoT ChipsetmareKT During the Forecast Period
Figure 44 Snapshot of NB-IoT Chipset Market in Europe
Figure 45 The Trackers Expected to Hold the Largest Share of the NB-IoT Chipsetdevice Market in Europe Between 2017 & 2022
Figure 46 Snapshot of NB-IoT Chipset Market in Asia-Pacific
Figure 47 Manufacturing Application Expected to Witness the Highest Growth Rate in the NB-IoT Chipset Market in Asia-Pacific During the Forecast Period
Figure 48 South America Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 49 Companies Adopted Partnerships as the Key Growth Strategy Between 2015 and 2016
Figure 50 Battle for Market Share: Partnerships, Collaborations Agreements, Contracts and Joint Ventures Was the Key Strategy Adopted By the Companies Between 2015 and 2016
Figure 51 Geographic Revenue Mix of the Top 5 Market Players
Figure 52 Huawei Technologies Co. Ltd.: Business Overview
Figure 53 Huawei Technologies (China): SWOT Analysis
Figure 54 Ericsson: Company Snapshot
Figure 55 Ericsson: SWOT Analysis
Figure 56 Vodafone Group PLC: Company Snapshot
Figure 57 Vodafone Group PLC: SWOT Analysis
Figure 58 Qualcomm Incorporated: Business Overview
Figure 59 Qualcomm Incorporated: SWOT Analysis
Figure 60 Intel Corporation: Company Snapshot
Figure 61 Intel Corporation: SWOT Analysis
Figure 62 Samsung Electronics: Business Overview
Figure 63 Verizon Communications: Company Snapshot
Figure 64 Nokia Corporation: Company Snapshot
Figure 65 U-Blox Holding AG: Company Snapshot
Figure 66 Sequans Communications S.A.: Company Snapshot

According to the Markets and Markets forecast, narrowband IoT (NB-IoT) chipset market is expected to grow from USD 16.7 Million in 2017 to USD 181.02 Million by 2022, at a CAGR of 61.06% between 2017 and 2022. The increasing adoption of IoT and growth in network-enabled devices, and demand for long-range connectivity is driving the market. The existing LPWA technologies are fragmented, non-standardized, and require a high operational cost. The narrowband IoT (NB-IoT) technology is expected to overcome these shortcomings as it is highly reliable, consumes less power, and has low operational cost.

This report segments the NB-IoT chipset market based on offering, device, deployment type, end-use application, and geography. The market has been segmented on the basis of offerings into hardware, software, cellular network, and services. The market for software is expected to hold the largest market in 2017. The increasing adoption of machine-to-machine connectivity is expected to increase the need for managing the devices from remote locations which is the major driver for the growth of software solutions in the NB-IoT chipset market.

In terms of deployment type, guard band deployment technique is expected to hold the largest share in 2017. The market for standalone is expected to grow at the highest rate between 2017 and 2022. The standalone deployment technique for NB-IoT is considered to good option for LTE networks running in parallel with GSM as it allows steering some GSM/GPRS traffic to the LTE network, resulting in one or more of the GSM carriers to be used to carry IoT traffic. This approach also accelerates time to market, and maximizes the benefits of a global-scale infrastructure once NB-IoT has been successfully tested.

On the basis of device, the alarm & detectors devices expected to hold the largest market share in 2017. However, the market for trackers is expected to grow at the highest growth rate during the forecast period. Due to increasing fraudulent activities such as theft, missing shipments, and so on, the companies are using tracking device to get real-time location of their vehicles and shipments.

On the basis of end-use application, the infrastructure application is expected to hold the largest market share in 2017. The usage of safety alarms and detectors is increasing across several end-user industries. Sensors have been effectively deployed in many applications for monitoring purposes. The market for automotive & transportation application is expected to grow at the highest rate during the forecast period due to increase in infotainment and telematics applications.

North America accounted for the largest share of the NB-IoT chipset market. The U.S. is major contributor to the growth of NB-IoT chipset market in North America. Investment from U.S. government towards implementation of IoT across various sectors such as infrastructure and utilities under programs such as “Smart America” is driving the North America market for NB-IoT chipset. Deployment of smart city and smart infrastructure in countries such as China, Japan and India contributes to the highest growth of the Asia-Pacific region during the forecasted period.

Narrowband IoT Market

Low-speed data transmission rate and privacy & security concern are expected to limit the growth of this market.

The major players in narrowband IoT market are Huawei Technologies Co. Ltd. (China), Ericsson (Sweden), Vodafone Group PLC (U.K.), Qualcomm Incorporated (U.S.), Intel Corporation (U.S.), Samsung Group (South Korea), Nokia Networks (Finland), Verizon Communication (U.S.), CommSolid GmBH (Germany), U-Blox Holding AG (Switzerland), MistBase AB (Sweden).  Huawei (China) is one of the major player in NB-IoT chipset market. Huawei (China) has been conducting NB-IoT trial in collaboration with major players such as Vodafone (U.K.), Ericsson (Sweden), China Unicom (Beijing).

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