Narrowband IoT (NB-IoT) Chipset Market

Narrowband IoT (NB-IoT) Chipset Market worth $2,002 million by 2024

The report "Narrowband IoT (NB-IoT) Chipset Market by Device (Smart Meters, Smart Parking, Smart Street lighting), Deployment Type (Guard, In-Band, Stand-Alone), Vertical (Energy & Utilities, Infrastructure, Building Automation), and Region - Global Forecast to 2024", is expected to grow from USD 272 million by 2019 to USD 2,002 million by 2024 at a CAGR of 49.1%. In terms unit shipments, the NB-IoT chipset market is estimated to stand at 78 million units by 2019 and is projected to register 871 million units by 2024 at a CAGR of 61.9%.

Browse 63 market data Tables and 43 Figures spread through 160 Pages and in-depth TOC on "Narrowband IoT (NB-IoT) Chipset Market  - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/narrowband-iot-market-59565925.html

The NB-IoT chipset market has huge potential for growth across various verticals, such as energy, infrastructure, safety and security, automotive and transportation, and healthcare. Extended coverage of up to 20 dB sand battery saving features that support battery life of up to 10 years are some the key features of NB-IoT technology. Growing adoption of IoT especially by energy & utilities and widening applications of NB-IoT especially in infrastructure and building automation verticals are driving the growth of this market. Increasing participation of industry players in the development of NB-IoT technology is another key factor driving the NB-IoT chipset market.

Guard band deployment to hold largest size of NB-IoT chipset market during forecast period

The guard band segment is expected to hold the largest size of the NB-IoT chipset market from 2019 to 2024. Various benefits such as no additional spectrum cost, reuse of antenna and RF modules of existing infrastructure, and no need for frequency planning are the prime factors resulting in the adoption of guard-band deployment model. Moreover, certain limitations of in-band deployment, such as interference, restrict its coverage area as compared with guard-band deployment is further supporting the growth of guard band type.

Wearables devices to witness highest CAGR in NB-IoT chipset market from 2019 to 2024

The wearable devices segment is expected to foresee the highest CAGR in the overall market throughout the forecast period. The M2M and IoT market for wearable devices is expected to grow at a high rate with the development of new products and greater customer engagement. The growing market for wearable devices across healthcare, entertainment, sports and fitness, and other sectors is driving the demand for low-power and highly secure cellular networks.

APAC leads NB-IoT chipset market in terms of value and volume

APAC is projected to account for the largest size of the NB-IoT chipset market throughout the forecast period. The increased adoption of new technologies and advancements in organizations across various industries are among the key factors driving the market growth in this region. China is leading the NB-IoT chipset market with the lions share of ~93% in 2018 and is expected to continue its dominance during the forecast period. In China, the leading mobile operators such as China Mobile and China Unicom are using NB-IoT technologies to connect millions of devices across the country. Moreover, strong federal support is further fueling the growth of the NB-IoT chipset market in the country. For instance, the Ministry of Industry and Information Technology (MIIT) of China intends to develop 600 million NB-IoT connections across the country by 2020. Furthermore, with development of new NB-IoT-based use cases—such as smart parking, smart waste management, and environmental monitoring—and introduction of dual-mode NB-IoT/LTE-M chipset, the NB-IoT chipset market in western world, especially in the UK, the US, and France, is also set to grow in the coming years.

The major companies profiled in this report are Qualcomm Incorporated (US), Huawei Technologies Co. Ltd. (China), Samsung Group (South Korea), Intel Corporation (US), u-blox Holding AG (Switzerland), Nordic Semiconductor (Norway), , MediaTek Inc. (Taiwan), Sanechips Co. Ltd. (China), Sercomm Corporation (Taiwan), Sequans Communications S.A.(France),  Xiamen Cheerzing IOT Technology Co. Ltd. (China), , Telit Communications PLC (UK), and Quectel Wireless Solutions Co., Ltd (China), , among others.

Don’t miss out on business opportunities in Narrowband IoT (NB-IoT) Chipset Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
SE 4621
PR Published ON
4/29/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Narrowband IoT (NB-IoT) Chipset Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home