Narrowband IoT (NB-IoT) Chipset Market Size, Share & Industry Growth Analysis Report by Device (Smart Meters, Smart Parking), Deployment (Guard, In-Band, Stand-Alone), Vertical (Energy & Utilities, Infrastructure, Building Automation), and Region - Global Forecast to 2035
Narrowband IoT (NB-IoT) Chipset Market Summary
The Narrowband IoT (NB-IoT) Chipset Market is experiencing steady expansion, driven by the rapid proliferation of connected devices and the growing demand for low-power wide-area (LPWA) connectivity solutions. As of 2024, the market size is estimated to be valued in the range of USD 4.5–5.5 billion and is projected to reach approximately USD 18.0–22.0 billion by 2035, registering a compound annual growth rate (CAGR) of 12%–15% during the forecast period. The increasing adoption of IoT-enabled smart infrastructure, combined with advancements in artificial intelligence (AI), automation, and digital transformation across industries, is fueling demand for NB-IoT chipsets. These chipsets are essential for enabling efficient communication in smart cities, industrial automation, healthcare monitoring, and asset tracking applications. Additionally, the expansion of 5G networks and the push toward energy-efficient connectivity solutions are further accelerating market growth.
Key Market Trends & Insights
The NB-IoT chipset market is undergoing transformative shifts shaped by technological innovation and regional demand patterns. North America currently leads the market due to strong infrastructure and early adoption of IoT technologies, while Asia Pacific is the fastest-growing region driven by large-scale smart city initiatives and government-backed digitalization programs. The cellular-based NB-IoT chipset segment dominates the market owing to its reliability and wide coverage.
Emerging trends include the integration of AI-powered analytics within IoT devices, enabling predictive maintenance and real-time decision-making. Automation in industrial environments is further accelerating demand for NB-IoT chipsets, particularly in manufacturing and supply chain monitoring. Additionally, advancements in 5G networks are enhancing NB-IoT capabilities, making them more scalable and efficient.
Market Size & Forecast
- Base year market size (2024): USD 4.5–5.5 billion
- Forecast value by 2035: USD 18.0–22.0 billion
- CAGR (2025–2035): 12%–15%
- Growth is driven by increasing IoT deployments, rising demand for low-power connectivity, expansion of smart infrastructure, and integration of AI-driven automation systems
Narrowband IoT (NB-IoT) Chipset Market Market Top 10 key takeaway
- NB-IoT chipsets are essential for low-power, wide-area IoT connectivity
- Market expected to grow more than 3x by 2035
- Strong CAGR driven by smart city and industrial IoT adoption
- North America remains the market leader
- Asia Pacific is the fastest-growing region
- Cellular NB-IoT chipsets dominate due to reliability
- AI integration enhances data processing and efficiency
- Automation across industries boosts demand
- 5G expansion supports NB-IoT scalability
- Increasing government initiatives accelerate adoption
Product Insights
The cellular NB-IoT chipset segment currently holds the largest share in the market, primarily due to its ability to operate seamlessly within existing LTE infrastructure. This compatibility reduces deployment costs and enables rapid scalability, making it the preferred choice for telecom operators and enterprises. These chipsets are widely used in smart metering, asset tracking, and environmental monitoring due to their low power consumption and extended coverage.
Emerging product categories include hybrid NB-IoT chipsets that integrate LTE-M and 5G capabilities, allowing for greater flexibility and enhanced performance. Manufacturers are increasingly embedding AI capabilities directly into chipsets, enabling edge computing functionalities. This allows devices to process data locally, reducing latency and improving operational efficiency. As demand for intelligent IoT solutions grows, AI-enabled NB-IoT chipsets are expected to gain significant traction.
Technology / Component Insights
The NB-IoT chipset market is driven by advancements in wireless communication technologies, particularly LTE and 5G integration. These technologies provide enhanced coverage, lower latency, and improved energy efficiency, which are critical for IoT deployments. The incorporation of cloud computing further strengthens the ecosystem by enabling centralized data management and analytics.
Artificial intelligence plays a pivotal role in transforming NB-IoT applications. AI algorithms enable predictive analytics, anomaly detection, and automated decision-making, significantly enhancing the value of IoT systems. Automation technologies, combined with NB-IoT connectivity, are revolutionizing industries such as manufacturing and logistics by enabling real-time monitoring and process optimization
Future innovation trends include the development of ultra-low-power chipsets, enhanced security protocols, and integration with edge computing platforms. These advancements are expected to further expand the applicability of NB-IoT across diverse industries.
Application Insights
The smart metering segment leads the NB-IoT chipset market, driven by increasing demand for efficient energy management and regulatory mandates for smart grid implementation. NB-IoT chipsets enable real-time data collection and remote monitoring, significantly improving operational efficiency for utility providers.
Other key applications include asset tracking, smart agriculture, healthcare monitoring, and industrial automation. The adoption of NB-IoT in healthcare is particularly noteworthy, as it enables remote patient monitoring and improves access to medical services. In agriculture, NB-IoT facilitates precision farming by providing real-time data on soil conditions, weather patterns, and crop health.
Future opportunities lie in the expansion of smart city initiatives, where NB-IoT chipsets will play a crucial role in managing traffic, waste, and public safety systems. The integration of AI and automation is expected to further enhance the efficiency and scalability of these applications.
Regional Insights
North America dominates the NB-IoT chipset market, supported by advanced telecommunications infrastructure, high adoption of IoT technologies, and significant investments in smart city projects. Europe follows closely, with strong regulatory support and widespread adoption of smart metering systems.
Asia Pacific is the fastest-growing region, driven by rapid urbanization, government initiatives, and large-scale deployment of IoT solutions in countries such as China and Japan. The region's strong manufacturing base and increasing investments in digital infrastructure further contribute to market growth.
- North America leads due to early IoT adoption and infrastructure
- Europe benefits from regulatory support and smart grid initiatives
- Asia Pacific shows fastest growth with smart city expansion
- Increasing investments in digital transformation boost all regions
- Government initiatives play a critical role in market development
Country-Specific Market Trends
In Asia Pacific, China leads the adoption of NB-IoT technology, supported by government-backed smart city projects and extensive telecom infrastructure. Japan is also witnessing steady growth, driven by advancements in automation and robotics.
In North America, the United States dominates the market due to strong technological innovation and high IoT adoption rates, while Canada and Mexico are gradually expanding their NB-IoT deployments. In Europe, Germany and France are key contributors, supported by industrial automation and energy management initiatives.
- China leads global NB-IoT deployments with strong government support
- Japan focuses on automation and smart infrastructure
- United States drives innovation and large-scale adoption
- Germany and France emphasize industrial IoT and energy efficiency
- Canada and Mexico show steady growth in IoT adoption
Key Narrowband IoT (NB-IoT) Chipset Market Company Insights
The NB-IoT chipset market is highly competitive, with major players focusing on innovation, strategic partnerships, and AI integration to strengthen their market position. Companies are investing heavily in research and development to enhance chipset performance, reduce power consumption, and integrate advanced features such as edge computing and AI capabilities.
Leading companies are also adopting strategies such as mergers and acquisitions, collaborations with telecom operators, and expansion into emerging markets. Product differentiation through advanced connectivity solutions and enhanced security features remains a key focus area.
- Companies prioritize AI-enabled chipset development
- Strong focus on R&D for performance optimization
- Strategic partnerships with telecom operators
- Expansion into emerging markets drives growth
- Product innovation remains a key competitive strategy
Recent Developments
Recent developments in the NB-IoT chipset market highlight the increasing focus on innovation and collaboration. Several companies have launched next-generation NB-IoT chipsets with enhanced AI capabilities and improved energy efficiency. Partnerships between chipset manufacturers and telecom providers have accelerated the deployment of NB-IoT networks globally.
Additionally, advancements in 5G technology have led to the introduction of hybrid chipsets that support multiple connectivity standards, enabling greater flexibility and scalability for IoT applications.
Market Segmentation
The NB-IoT chipset market is segmented based on product, technology/component, application, and region. By product, the market includes cellular NB-IoT chipsets and hybrid chipsets. In terms of technology, it encompasses LTE-based and 5G-enabled chipsets, along with AI-integrated solutions. Applications range from smart metering and asset tracking to healthcare, agriculture, and industrial automation. Regionally, the market is divided into North America, Europe, Asia Pacific, and the rest of the world, each exhibiting unique growth dynamics based on infrastructure and adoption levels.
- Cellular NB-IoT chipsets dominate the product segment
- LTE and 5G technologies drive technological segmentation
- Smart metering leads application segment
- Industrial automation and healthcare show strong growth
- Asia Pacific emerges as the fastest-growing regional segment
Conclusion
The Narrowband IoT (NB-IoT) chipset market is poised for significant growth through 2035, driven by the convergence of IoT, AI, and automation technologies. As industries increasingly adopt connected solutions, the demand for efficient, low-power communication technologies will continue to rise. AI integration is expected to play a transformative role, enabling smarter and more autonomous IoT ecosystems.
With strong growth potential and expanding applications, NB-IoT chipsets are becoming a strategic priority for businesses seeking to enhance operational efficiency and drive digital transformation. Companies that invest in innovation and leverage emerging technologies will be well-positioned to capitalize on this rapidly evolving market.
FAQs
1. What is the current market size of the NB-IoT chipset market?
The market is valued at approximately USD 4.5–5.5 billion in 2024.
2. What is the expected growth rate of the market?
The market is projected to grow at a CAGR of 12%–15% from 2025 to 2035.
3. What are the key drivers of market growth?
Key drivers include IoT expansion, AI integration, automation, smart city initiatives, and digital transformation.
4. Which region leads the NB-IoT chipset market?
North America currently leads the market due to advanced infrastructure and high IoT adoption.
5. Who are the key players in the market?
Major players include leading semiconductor and telecom solution providers focusing on innovation and AI integration.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 24)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 27)
2.1 RESEARCH DATA
FIGURE 1 NB-IOT CHIPSET MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.1.1 Key industry insights
2.1.2 SECONDARY DATA
2.1.2.1 Major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Breakdown of primaries
2.1.3.3 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size by bottom-up analysis (demand side)
FIGURE 2 NB-IOT CHIPSET MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at market size by top-down analysis (supply side)
FIGURE 3 MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 4 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 37)
FIGURE 5 NB-IOT CHIPSET MARKET: POST COVID-19
TABLE 1 MARKET, BY VALUE AND VOLUME, 2017–2025
FIGURE 6 SMART METERS HELD LARGEST SHARE OF MARKET IN 2019
FIGURE 7 GUARD-BAND DEPLOYMENT TO HOLD LARGEST SHARE OF MARKET BY 2019
FIGURE 8 NB-IOT CHIPSET MARKET FOR ENERGY & UTILITIES TO HOLD THE LARGEST MARKET SIZE DURING FORECAST PERIOD
FIGURE 9 APAC TO ACCOUNT FOR LARGEST SHARE OF MARKET FROM 2020 TO 2025
4 PREMIUM INSIGHTS (Page No. - 41)
4.1 ATTRACTIVE OPPORTUNITIES IN NB-IOT CHIPSET MARKET
FIGURE 10 INCREASING DEMAND FOR LOW-POWERED WIDE-RANGE TECHNOLOGY FOR IOT APPLICATIONS TO DRIVE MARKET GROWTH FROM 2020 TO 2025
4.2 MARKET IN APAC, BY DEVICE AND COUNTRY
FIGURE 11 SMART METERS AND CHINA TO HOLD LARGEST SHARES OF MARKET IN APAC BY 2025
4.3 MARKET, BY VERTICAL
FIGURE 12 ENERGY AND UTILITIES TO HOLD LARGEST SHARE OF MARKET BY 2025 IN USD MILLION
4.4 MARKET, BY GEOGRAPHY
FIGURE 13 NORTH AMERICA TO REGISTER HIGHEST CAGR IN NB-IOT CHIPSET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 44)
5.1 INTRODUCTION
FIGURE 14 EVOLUTION OF NARROWBAND-IOT STANDARDIZATION
TABLE 2 TOP USE-CASES OF NB-IOT TECHNOLOGY, BY COUNTRY
5.2 MARKET DYNAMICS
FIGURE 15 WIDENING APPLICATIONS OF NB-IOT TECHNOLOGY DRIVES MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing demand for wearable devices due to COVID-19 outbreak
5.2.1.2 Growing adoption of IoT and rise in use of connected devices
5.2.1.3 Rising demand for low-power, low-cost, and long-range connectivity technologies
5.2.1.4 Increasing participation of industry players in development of NB-IoT
5.2.1.5 Widening applications of NB-IoT technology
5.2.2 RESTRAINTS
5.2.2.1 Stiff competition from other LPWA technologies
5.2.2.2 Privacy and security concerns
5.2.3 OPPORTUNITIES
5.2.3.1 Emerging smart cities and smart buildings
FIGURE 16 SMART CITY ECOSYSTEM
FIGURE 17 COUNTRIES WITH KEY SMART CITY PROJECTS
5.2.4 CHALLENGES
5.2.4.1 Long tail ecosystem consisting of chipsets, modules, devices, and application platforms
FIGURE 18 NB-IOT MARKET ECOSYSTEM
5.2.4.2 Limited to low-speed data transmission applications
5.2.4.3 Disruptions in logistics and supply chain due to COVID-19
5.3 CASE STUDIES
5.3.1 LAS VEGAS SMART CITY
5.3.2 CHINA MOBILE DEPLOYS ELECTRIC SMART METERING
5.3.3 U-BLOX BRINGS NB-IOT IN BRAZIL
5.3.4 UNIVERSITY OF ST. ANDREWS DEVELOPING NEW SMART TAGS TO TRACK SEALS USING NB-IOT
6 NB-IOT CHIPSET MARKET, BY DEPLOYMENT TYPE (Page No. - 53)
6.1 INTRODUCTION
TABLE 3 NB-IOT CHIPSET MARKET, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 4 MARKET, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
6.2 STAND-ALONE
6.2.1 STAND-ALONE DEPLOYMENT IS COSTLIER THAN OTHER NB-IOT DEPLOYMENT TYPES
TABLE 5 STAND-ALONE NB-IOT CHIPSET MARKET, BY VERTICAL, 2019 (USD THOUSAND)
TABLE 6 STAND-ALONE NB-IOT CHIPSET, BY VERTICAL, 2020–2025 (USD THOUSAND)
TABLE 7 STAND-ALONE NB-IOT CHIPSET, BY REGION, 2019 (USD MILLION)
TABLE 8 STAND-ALONE NB-IOT CHIPSET, BY REGION, 2020–2025 (USD MILLION)
6.3 GUARD BAND
6.3.1 GUARD BAND ALLOWS USE OF SPECTRUM AT CHANNEL EDGES OF EXISTING LTE CARRIERS
TABLE 9 GUARD BAND NB-IOT CHIPSET MARKET, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 10 GUARD BAND NB-IOT CHIPSET, BY VERTICAL, 2020–2025 (USD MILLION)
TABLE 11 GUARD BAND NB-IOT CHIPSET, BY REGION, 2017–2019 (USD MILLION)
TABLE 12 GUARD BAND NB-IOT CHIPSET, BY REGION, 2020–2025 (USD MILLION)
6.4 IN-BAND
6.4.1 IN-BAND DEPLOYMENT USES SAME SPECTRUM THAT IS USED IN LTE CARRIER
TABLE 13 IN-BAND NB-IOT CHIPSET MARKET, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 14 IN-BAND NB-IOT CHIPSET, BY VERTICAL, 2020–2025 (USD MILLION)
TABLE 15 IN-BAND NB-IOT CHIPSET, BY REGION, 2017–2019 (USD MILLION)
TABLE 16 IN-BAND NB-IOT CHIPSET, BY REGION, 2020–2025 (USD MILLION)
7 NB-IOT CHIPSET MARKET, BY DEVICE (Page No. - 61)
7.1 INTRODUCTION
TABLE 17 NB-IOT CHIPSET MARKET, BY DEVICE, 2017–2019 (USD MILLION)
TABLE 18 NB-IOT CHIPSET, BY DEVICE, 2020–2025 (USD MILLION)
7.2 SMART PARKING
7.2.1 SMART PARKING DEVICES ARE EMBEDDED WITH INTELLIGENT SENSORS AND SOFTWARE
TABLE 19 NB-IOT CHIPSET MARKET FOR SMART PARKING, BY REGION, 2017–2019 (USD MILLION)
TABLE 20 MARKET FOR SMART PARKING, BY REGION, 2020–2025 (USD MILLION)
7.3 SMART METERS
7.3.1 ENERGY SUPPLIERS PREFER SMART METERS TO ACHIEVE SPECIFIC AND AUTOMATED BILLING
TABLE 21 NB-IOT CHIPSET MARKET FOR SMART METERS, BY REGION, 2017–2019 (USD MILLION)
TABLE 22 MARKET FOR SMART METERS, BY REGION, 2020–2025 (USD MILLION)
7.4 TRACKERS
7.4.1 NB-IOT APPLICATIONS FOR TRACKERS INCLUDE LOGISTIC TRACKING, ASSET TRACKING, AND PET TRACKING
TABLE 23 NB-IOT CHIPSET MARKET FOR TRACKERS, BY REGION, 2017–2019 (USD MILLION)
TABLE 24 MARKET FOR TRACKERS, BY REGION, 2020–2025 (USD MILLION)
7.5 ALARMS AND DETECTORS
7.5.1 ALARMS AND DETECTORS ARE PLACED AT IDEAL LOCATIONS AT HOMES THAT CONSTANTLY COMMUNICATE WITH THE NB-IOT NETWORK
TABLE 25 NB-IOT CHIPSET MARKET FOR ALARMS AND DETECTORS, BY REGION, 2017–2019 (USD MILLION)
TABLE 26 MARKET FOR ALARMS AND DETECTORS, BY REGION, 2020–2025 (USD MILLION)
7.6 SMART STREETLIGHTS
7.6.1 ADOPTION ON NB-IOT IN SMART STREETLIGHTS APPLICATION ALLOWS LARGE-SCALE NETWORK INTERCONNECTION
TABLE 27 NB-IOT CHIPSET MARKET FOR SMART STREETLIGHTS, BY REGION, 2017–2019 (USD MILLION)
TABLE 28 MARKET FOR SMART STREETLIGHTS, BY REGION, 2020–2025 (USD MILLION)
7.7 SMART APPLIANCES
7.7.1 SMART APPLIANCES ARE EQUIPPED WITH DIFFERENT SENSORS AND ARE EMBEDDED WITH CONNECTIVITY FEATURES
TABLE 29 NB-IOT CHIPSET MARKET FOR SMART APPLIANCES, BY REGION, 2017–2019 (USD MILLION)
TABLE 30 MARKET FOR SMART APPLIANCES, BY REGION, 2020–2025 (USD MILLION)
7.8 WEARABLE DEVICES
7.8.1 MOST WEARABLES THAT CONNECT THROUGH A NETWORK DEDICATED TO 3G/4G OR ARE TETHERED THROUGH A SMARTPHONE HAVE LIMITED CONNECTIVITY
TABLE 31 NB-IOT CHIPSET MARKET FOR WEARABLE DEVICES, BY REGION, 2017–2019 (USD MILLION)
TABLE 32 MARKET FOR WEARABLE DEVICES, BY REGION, 2020–2025 (USD MILLION)
7.9 OTHER DEVICES
TABLE 33 NB-IOT CHIPSET MARKET FOR OTHER DEVICES, BY REGION, 2017–2019 (USD MILLION)
TABLE 34 MARKET FOR OTHER DEVICES, BY REGION, 2020–2025 (USD MILLION)
7.10 IMPACT OF COVID-19
8 NB-IOT CHIPSET MARKET, BY VERTICAL (Page No. - 73)
8.1 INTRODUCTION
TABLE 35 NB-IOT CHIPSET MARKET, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 36 MARKET, BY VERTICAL, 2020–2025 (USD MILLION)
8.2 AGRICULTURE
8.2.1 KEY APPLICATIONS OF NB-IOT IN AGRICULTURE ARE IRRIGATION CONTROL, ENVIRONMENTAL SENSING, AND ANIMAL TRACKING
TABLE 37 NB-IOT CHIPSET MARKET FOR AGRICULTURE, BY APPLICATION, 2017–2019 (USD THOUSAND)
TABLE 38 MARKET FOR AGRICULTURE, BY APPLICATION, 2020–2025 (USD THOUSAND)
TABLE 39 MARKET FOR AGRICULTURE, BY REGION, 2017–2019 (USD THOUSAND)
TABLE 40 MARKET FOR AGRICULTURE, BY REGION, 2020–2025 (USD THOUSAND)
TABLE 41 MARKET FOR AGRICULTURE, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 42 MARKET FOR AGRICULTURE, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
8.3 AUTOMOTIVE AND TRANSPORTATION
8.3.1 NB-IOT IS EXPECTED TO ENABLE REAL-TIME COLLECTION OF MASSIVE DATA FROM VEHICLES
TABLE 43 NB-IOT CHIPSET MARKET FOR AUTOMOTIVE AND TRANSPORTATION, 2017–2019 (USD MILLION)
TABLE 44 MARKET FOR AUTOMOTIVE AND TRANSPORTATION, 2020–2025 (USD MILLION)
TABLE 45 MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2017–2019 (USD MILLION)
TABLE 46 MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2020–2025 (USD MILLION)
TABLE 47 MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 48 MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
8.4 ENERGY AND UTILITIES
8.4.1 SMART METERING APPLICATION IS LEADING IN ENERGY AND UTILITIES VERTICAL
TABLE 49 NB-IOT CHIPSET MARKET FOR ENERGY AND UTILITIES, BY REGION, 2017–2019 (USD MILLION)
TABLE 50 MARKET FOR ENERGY AND UTILITIES, BY REGION, 2020–2025 (USD MILLION)
TABLE 51 MARKET FOR ENERGY AND UTILITIES, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 52 MARKET FOR ENERGY AND UTILITIES, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
8.5 HEALTHCARE
8.5.1 DEMAND TO IMPROVE HEALTH OUTCOMES THROUGH CONNECTED HEALTH IS PAVING WAY FOR NB-IOT IN HEALTHCARE VERTICAL
TABLE 53 NB-IOT CHIPSET MARKET FOR HEALTHCARE, BY REGION, 2017–2019 (USD THOUSAND)
TABLE 54 MARKET FOR HEALTHCARE, BY REGION, 2020–2025 (USD THOUSAND)
TABLE 55 MARKET FOR HEALTHCARE, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 56 MARKET FOR HEALTHCARE, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
8.6 MANUFACTURING
8.6.1 NB-IOT IS LIKELY TO BE USED IN ASSET MONITORING, REAL-TIME COMMUNICATION, AND CONNECTED LOGISTICS APPLICATIONS
TABLE 57 NB-IOT CHIPSET MARKET FOR MANUFACTURING, BY REGION, 2017–2019 (USD THOUSAND)
TABLE 58 MARKET FOR MANUFACTURING, BY REGION, 2020–2025 (USD THOUSAND)
TABLE 59 MARKET FOR MANUFACTURING APPLICATION, BY DEPLOYMENT TYPE, 2017–2019(USD THOUSAND)
TABLE 60 MARKET FOR MANUFACTURING, BY DEPLOYMENT TYPE, 2020–2025 (USD THOUSAND)
8.7 SAFETY AND SECURITY
8.7.1 IOT-ENABLED SMART DEVICES CAN HELP GOVERNMENT ORGANIZATIONS TO ENSURE BETTER PUBLIC SAFETY
TABLE 61 NB-IOT CHIPSET MARKET FOR SAFETY AND SECURITY, BY REGION, 2017–2019 (USD MILLION)
TABLE 62 MARKET FOR SAFETY AND SECURITY, BY REGION, 2020–2025 (USD MILLION)
TABLE 63 MARKET FOR SAFETY AND SECURITY, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 64 MARKET FOR SAFETY AND SECURITY, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
8.8 INFRASTRUCTURE
8.8.1 SMART PARKING AND SMART STREETLIGHTS ARE TWO KEY APPLICATIONS THAT ARE COMMERCIALLY DEPLOYED ON NB-IOT TECHNOLOGY
TABLE 65 NB-IOT CHIPSET MARKET FOR INFRASTRUCTURE, BY REGION, 2017–2019 (USD MILLION)
TABLE 66 MARKET FOR INFRASTRUCTURE, BY REGION, 2020–2025 (USD MILLION)
TABLE 67 MARKET FOR INFRASTRUCTURE, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 68 MARKET FOR INFRASTRUCTURE, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
8.9 BUILDING AUTOMATION
8.9.1 DEVELOPMENT OF SMART CITY PROJECTS ACROSS THE WORLD IS ESCALATING THE GROWTH OF NB-IOT IN BUILDING AUTOMATION
TABLE 69 NB-IOT CHIPSET MARKET FOR BUILDING AUTOMATION, BY TYPE, 2017–2019 (USD MILLION)
TABLE 70 MARKET FOR BUILDING AUTOMATION, BY TYPE, 2020–2025 (USD MILLION)
TABLE 71 MARKET FOR BUILDING AUTOMATION, BY REGION, 2017–2019 (USD MILLION)
TABLE 72 MARKET FOR BUILDING AUTOMATION, BY REGION, 2020–2025 (USD MILLION)
TABLE 73 MARKET FOR BUILDING AUTOMATION, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 74 MARKET FOR BUILDING AUTOMATION, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
8.10 CONSUMER ELECTRONICS
8.10.1 CONNECTED DEVICE TECHNOLOGY IN CONSUMER ELECTRONICS INDUSTRY IS EXPECTED TO BE KEY ENABLER OF MARKET GROWTH
TABLE 75 NB-IOT CHIPSET MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2019 (USD MILLION)
TABLE 76 MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2020–2025 (USD MILLION)
TABLE 77 MARKET FOR CONSUMER ELECTRONICS, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 78 MARKET FOR CONSUMER ELECTRONICS, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
8.11 IMPACT OF COVID-19
9 GEOGRAPHIC ANALYSIS (Page No. - 92)
9.1 INTRODUCTION
FIGURE 19 GEOGRAPHIC OVERVIEW: NB-IOT CHIPSET MARKET
TABLE 79 MARKET, BY REGION, 2017–2019 (USD MILLION)
TABLE 80 MARKET, BY REGION, 2020–2025 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 20 SNAPSHOT OF NB-IOT CHIPSET MARKET IN NORTH AMERICA
TABLE 81 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 82 MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 83 MARKET IN NORTH AMERICA, BY VERTICAL, 2017–2019 (USD THOUSAND)
TABLE 84 MARKET IN NORTH AMERICA, BY VERTICAL, 2020–2025 (USD THOUSAND)
TABLE 85 MARKET IN NORTH AMERICA, BY DEVICE, 2017–2019 (USD MILLION)
TABLE 86 MARKET IN NORTH AMERICA, BY DEVICE, 2020–2025 (USD MILLION)
TABLE 87 MARKET IN NORTH AMERICA, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 88 MARKET IN NORTH AMERICA, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
TABLE 89 MARKET IN NORTH AMERICA, BY DEPLOYMENT TYPE, 2017–2019 (MILLION UNITS)
TABLE 90 MARKET IN NORTH AMERICA, BY DEPLOYMENT TYPE, 2020–2025 (MILLION UNITS)
9.2.1 US
9.2.1.1 Presence of leading chipset and module manufacturers is likely to drive NB-IoT market in US
9.2.2 CANADA
9.2.2.1 Domestics telecom operators to play pivotal role in large scale adoption on NB-IoT services in Canada
9.2.3 MEXICO
9.2.3.1 Smart city projects in Mexico are driving growth of NB-IoT technology
9.3 EUROPE
FIGURE 21 SNAPSHOT OF NB-IOT CHIPSET MARKET IN EUROPE
TABLE 91 NB-IOT CHIPSET MARKET IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 92 MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 93 MARKET IN EUROPE, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 94 MARKET IN EUROPE, BY VERTICAL, 2020–2025 (USD MILLION)
TABLE 95 MARKET IN EUROPE, BY DEVICE, 2017–2019 (USD MILLION)
TABLE 96 NB-IOT CHIPSET MARKET IN EUROPE, BY DEVICE, 2020–2025 (USD MILLION)
TABLE 97 MARKET IN EUROPE, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 98 MARKET IN EUROPE, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
TABLE 99 MARKET IN EUROPE, BY DEPLOYMENT TYPE, 2017–2019 (MILLION UNITS)
TABLE 100 MARKET IN EUROPE, BY DEPLOYMENT TYPE, 2020–2025 (MILLION UNITS)
9.3.1 GERMANY
9.3.1.1 Smart utility projects to drive NB-IoT market in Germany
9.3.2 UK
9.3.2.1 Smart city projects to drive growth of NB-IoT market in UK
9.3.3 FRANCE
9.3.3.1 Stiff competition from other LPWA technologies limits growth of NB-IoT technology in France
9.3.4 ITALY
9.3.4.1 Partnerships among leading players in NB-IoT ecosystem is supplementing growth of NB-IoT chipset market in Italy
9.3.5 SPAIN
9.3.5.1 Vodafone (UK) and Telefonica (Spain) are key NB-IoT service providers in Spain
9.3.6 REST OF EUROPE
9.4 APAC
FIGURE 22 SNAPSHOT OF NB-IOT CHIPSET MARKET IN APAC
TABLE 101 MARKET IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 102 MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 103 MARKET IN APAC, BY VERTICAL, 2017–2019 (USD MILLION)
TABLE 104 MARKET IN APAC, BY VERTICAL, 2020–2025 (USD MILLION)
TABLE 105 MARKET IN APAC, BY DEVICE, 2017–2019 (USD MILLION)
TABLE 106 MARKET IN APAC, BY DEVICE, 2020–2025 (USD MILLION)
TABLE 107 MARKET IN APAC, BY DEPLOYMENT TYPE, 2017–2019 (USD MILLION)
TABLE 108 MARKET IN APAC, BY DEPLOYMENT TYPE, 2020–2025 (USD MILLION)
TABLE 109 MARKET IN APAC, BY DEPLOYMENT TYPE, 2017–2019 (MILLION UNITS)
TABLE 110 MARKET IN APAC, BY DEPLOYMENT TYPE, 2020–2025 (MILLION UNITS)
9.4.1 CHINA
9.4.1.1 Government regulations and presence of leading NB-IoT players are prime factors for growth of NB-IoT market in China
9.4.2 JAPAN
9.4.2.1 SoftBank, NTT DoCoMo, and KDDI are leading players of NB-IoT technology in Japan
9.4.3 SOUTH KOREA
9.4.3.1 Strong investments from local telecom players have resulted in adoption of NB-IoT in South Korea
9.4.4 INDIA
9.4.4.1 Smart metering applications and nation-wide smart city projects pose lucrative growth opportunities for NB-IoT technology in India
9.4.5 REST OF APAC
9.5 ROW
TABLE 111 NB-IOT CHIPSET MARKET IN ROW, BY REGION, 2017–2019 (USD MILLION)
TABLE 112 MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
TABLE 113 MARKET IN ROW, BY VERTICAL, 2017–2019 (USD THOUSAND)
TABLE 114 MARKET IN ROW, BY VERTICAL, 2020–2025 (USD THOUSAND)
TABLE 115 MARKET IN ROW, BY DEVICE, 2017–2019 (USD MILLION)
TABLE 116 MARKET IN ROW, BY DEVICE, 2020–2025 (USD MILLION)
TABLE 117 MARKET IN ROW, BY DEPLOYMENT TYPE, 2017–2019 (MILLION UNITS)
TABLE 118 MARKET IN ROW, BY DEPLOYMENT TYPE, 2020–2025 (MILLION UNITS)
9.5.1 MIDDLE EAST AND AFRICA
9.5.1.1 Smart metering application is expected to play a crucial role in adoption of NB-IoT technology in MEA
9.5.2 SOUTH AMERICA
9.5.2.1 Brazil and Chile are leading adopters of NB-IoT in South America
9.6 IMPACT OF COVID-19
10 COMPETITIVE LANDSCAPE (Page No. - 118)
10.1 OVERVIEW
FIGURE 23 KEY DEVELOPMENTS IN NB-IOT CHIPSET MARKET (2016–2020)
10.2 MARKET PLAYER RANKING ANALYSIS (2019)
TABLE 119 RANKING OF KEY PLAYERS IN NB-IOT CHIPSET (2019)
10.3 COMPETITIVE LEADERSHIP MAPPING
FIGURE 24 NB-IOT CHIPSET MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
10.3.1 VISIONARY LEADERS
10.3.2 DYNAMIC DIFFERENTIATORS
10.3.3 INNOVATORS
10.3.4 EMERGING COMPANIES
10.4 COMPETITIVE SCENARIO
10.4.1 PRODUCT LAUNCHES
TABLE 120 PRODUCT LAUNCHES, (2017–2020)
10.4.2 PRODUCT DEVELOPMENTS
TABLE 121 PRODUCT DEVELOPMENTS, (2017–2019)
10.4.3 PARTNERSHIPS AND COLLABORATIONS
TABLE 122 PARTNERSHIPS AND COLLABORATIONS, (2018–2020)
11 COMPANY PROFILES (Page No. - 126)
11.1 KEY PLAYERS
(Business overview, Products offered, Recent developments, SWOT analysis, and MnM view)*
11.1.1 HUAWEI
FIGURE 25 HUAWEI: COMPANY SNAPSHOT
11.1.2 QUALCOMM
FIGURE 26 QUALCOMM: COMPANY SNAPSHOT
11.1.3 NORDIC SEMICONDUCTOR
FIGURE 27 NORDIC SEMICONDUCTOR: COMPANY SNAPSHOT
11.1.4 SAMSUNG ELECTRONICS
FIGURE 28 SAMSUNG ELECTRONICS: COMPANY SNAPSHOT
11.1.5 INTEL
FIGURE 29 INTEL: COMPANY SNAPSHOT
11.1.6 SANECHIPS TECHNOLOGY (ZTE MICROELECTRONICS)
11.1.7 MEDIATEK
FIGURE 30 MEDIATEK: COMPANY SNAPSHOT
11.1.8 ALTAIR SEMICONDUCTOR (A SONY GROUP COMPANY)
11.1.9 COMMSOLID (A GOODIX COMPANY)
11.1.10 RIOT MICRO
11.2 OTHER KEY PLAYERS
11.2.1 SIERRA WIRELESS
11.2.2 U-BLOX
11.2.3 SEQUANS COMMUNICATIONS
11.2.4 GCT SEMICONDUCTOR
11.2.5 XIAMEN CHEERZING IOT TECHNOLOGY
11.2.6 TELIT
11.2.7 QUECTEL WIRELESS SOLUTIONS
11.2.8 SIMCOM WIRELESS SOLUTIONS (A SUNSEA AIOT COMPANY)
11.2.9 GEMALTO
11.2.10 SERCOMM
*Details on Business overview, Products offered, Recent developments, SWOT analysis, and MnM view might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKET (Page No. - 159)
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 LTE IOT MARKET
12.3.1 MARKET DEFINITION
TABLE 124 LTE-M: LTE IOT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 125 LTE IOT MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
TABLE 126 PROFESSIONAL SERVICES: LTE IOT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 127 MANAGED SERVICES: LTE IOT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 128 NB-IOT: LTE IOT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
12.4 WIRELESS CONNECTIVITY MARKET
12.4.1 MARKET DEFINITION
TABLE 129 WIRELESS CONNECTIVITY MARKET, BY CONNECTIVITY TECHNOLOGY, 2013–2022 (USD MILLION)
TABLE 130 WIRELESS CONNECTIVITY MARKET, BY CONNECTIVITY TECHNOLOGY, 2013–2022 (MILLION UNITS)
TABLE 131 WI-FI MARKET , BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 132 BLUETOOTH MARKET , BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 133 BLUETOOTH SMART MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 134 FI/BLUETOOTH SMART MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 135 BLUETOOTH SMART/ANT+ MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 136 ZIGBEE MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 137 NFC MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 138 GNSS MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 139 ENOCEAN MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 140 ANT+ MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 141 CELLULAR MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 142 WHART MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
TABLE 143 OTHERS WIRELESS CONNECTIVITY MARKET, BY APPLICATION, 2013–2022 (USD MILLION)
13 APPENDIX (Page No. - 166)
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
The study involved 4 major activities in estimating the current size of the NB-IoT chipset market. Exhaustive secondary research has been conducted to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both, top-down and bottom-up approaches have been employed to estimate the complete market size. In the subsequent steps, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.
Secondary Research
The research methodology used to estimate and forecast the NB-IoT chipset market begins with capturing data on revenues and unit shipment of the key vendors in the market through secondary research. This study involves the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical and commercial study of the NB-IoT chipset market. Moreover, secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly done to obtain key information about the supply chain and value chain of the industry; total pool of key players; classification and segmentation of the market according to industry trends; geographic markets; and key developments from both market- and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain the qualitative and quantitative information relevant to NB-IoT chipset market. Primary sources from the supply side include experts such as CEOs, VPs, marketing directors, technology and innovation directors, application users, and related executives from various key companies and organizations operating in the NB-IoT chipset ecosystem.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both, top-down and bottom-up approaches have been used to estimate and validate the overall size of the NB-IoT chipset market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:
- Key players in major applications and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both demand and supply sides.
Report Objectives
- To describe, segment, and forecast the narrowband Internet of Things (NB-IoT) chipset market-in terms of value and volume-by deployment type, device, and vertical
- To forecast the market for various segments with respect to 4 main regions-North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding drivers, restraints, opportunities, and challenges, the major factors influencing the growth of the NB-IoT chipset market
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
- To analyze opportunities in the NB-IoT chipset market for stakeholders and detail the competitive landscape for market players
- To strategically profile key players and comprehensively analyze their market ranking and core competencies
- To analyze developments such as product launches, product developments, partnerships and collaborations, agreements, and market development in the NB-IoT Chipset market
- To analyze the market penetration of the NB-IoT chipset market through secondary and primary research, for both pre- and post-COVID-19 scenarios
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Market segmentation of various verticals across devices.
- Unit shipments of NB-IoT chipsets by region
- Comprehensive coverage of regulations followed in each region pertaining to IoT (North America, APAC, Europe, and RoW)
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Narrowband IoT (NB-IoT) Chipset Market