According to Stratistics MRC, the Global Narrowband IoT (NB-IoT) Chipset Market is accounted for $461.00 million in 2020 and is expected to reach $6,063.64 million by 2028 growing at a CAGR of 38.0% during the forecast period. The growing adoption of IoT and the rise in the use of connected devices, rising demand for low-power, low-cost, and long-range connectivity technologies are driving the market growth. However, stiff competition from other low-power wide-area (LPWA) technologies, privacy and security concerns are restraining the growth of the market.
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By geography, Asia Pacific is going to have high growth during the forecast period owing to its rapid development of the smart city and smart infrastructure in countries. Increasing perception of IoT in various applications and favourable government policies for NB-IoT chipsets in developing nations such as China and India in this region rises the growth of the NB-IoT chipsets market.
Some of the key players profiled in the Narrowband IoT (NB-IoT) Chipset Market include Huawei, Qualcomm, Samsung, Nordic Semiconductor, Sequans Communications, Sierra Wireless, u-blox, MediaTek, Vodafone Group PLC, Sierra Wireless, Deutsche Telekom AG, China United Network Communications Group Co., Ltd., Ericsson, Sequans Communications and SIMCom.
Components Covered:
• Hardware (Modules)
• Software
• Services
Deployments Covered:
• Guard Band
• In-Band
• Stand-Alone
Applications Covered:
• Smart Agriculture
• Smart Cities
• Smart Building
• Smart Logistics
• Industrial Automation
• Personal Care
• Smart Retail
Devices Covered:
• Smart Meters
• Trackers
• Alarms and Detectors
• Smart Streetlights
• Smart Appliances
• Other Devices
End Users Covered:
• Energy
• Public Infrastructure
• Environment
• Automotive and Transportation
• Healthcare
• Manufacturing
• Safety and Security
• Consumer Electronics
• Logistics
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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