Narrowband IOT Chipset Market Size, Share, Competitive Analysis, Research Methodology, Rapid Growth and Forecast 2020-20

The narrowband IoT chipset market size 2020 is all set to achieve a valuation of USD 265 million by 2027, confirms Market Research Future (MRFR).

Market Highlights

The narrowband IoT chipset market size 2020 is all set to achieve a valuation of USD 265 million by 2027, confirms Market Research Future (MRFR). MRFR also reveals in its new report that the market holds the potential to advance at a tremendous rate of 60% from 2020 to 2027, which is the review period.

Top Drivers and Primary Deterrents

The narrowband IoT chipset market size is presumed to offer impressive benefits and also birth remarkable use cases that solves all types of cellular IoT issues. With narrowband IoT chipset companies are expected to develop service-level agreements that are ideal for healthcare related services and various other industries. Recently, Vodafone reported that it has been able to keep its upgradation costs low owing to the deployment of narrowband IoT. Armed with a licensed spectrum, nb-IoT chipset is able to give strong competition to several low-power WAN technologies like Sigfox and LoRa.

The narrowband IoT chipset market is packed with a huge number of well-known players as well as operators, who are constantly working on technological innovations that can help them gain a higher position across the globe. The market is also envisaged to pack a punch with the expanding network coverage and the rising connections facilitated by the narrowband IoT technology.

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Leading Contenders

Leading contenders in the narrowband IoT chipset market are Intel Corporation (U.S.), Ericsson (Sweden), Qualcomm Technologies Inc. (U.S.), Nokia Corporation (Finland), Huawei Technologies Co. Ltd., (China), China United Network Communications Group Co., Ltd. (China), Vodafone Group plc (U.K), Quectel Wireless Solutions Co. Ltd. (China), Sierra Wireless (Canada), Deutsche Telekom AG (Germany), and more.

The renowned innovators listed in the report are STMicroelectronics (U.S.), SEQUANS Communications SA (France), Emirates Telecommunication Group (UAE), ZTE Corporation (China), Nordic Semiconductor (Norway), Sigfox (France), u-blox (Switzerland), China Telecommunications Corporation (China), Gemalto (the Netherlands), to name a few.

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Segment overview

By deployment

  • In-band
  • Stand alone
  • Guard band

By device

  • Wearable device
  • Smart parking
  • Smart appliances
  • Trackers
  • Smart streetlights
  • Detectors
  • Alarms
  • Smart streetlights

By vertical

  • Consumer electronics
  • Agriculture
  • Building automation
  • Automotive
  • Infrastructure
  • Healthcare
  • Safety and security

By region

  • Asia pacific
  • Europe
  • Middle East
  • North America

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Regional Study

The regional examination of the narrowband IoT chipset market evaluates the current trends and growth prospects in Europe, North America, Asia Pacific or APAC and the rest of the world or RoW.

North America is contemplated to acquire most of the share in the global market, with the increasing efforts given by the government in the development of smart cities. Colossal investments are being made for this purpose, which can ensure more success for the regional market in the following years. The heavy market growth is also the result of the existence of motely communication networks that boost expansive Internet penetration in the region.

The market growth in APAC is largely dependent on factors like the continuous developments in the IoT technology, backed by the surge in government grants as well as the surge in Internet application. India, Japan, South Korea, and China are presumed to take the lead in the regional market between 2017 and 2023.

Europe ranks among the top contenders in the global market for narrowband IoT chipset, given the dense concentration of renowned companies along with the high deployment rate of the latest technologies across several industry verticals. The increasing government spending in the field of narrowband IoT chipset can also result in a positive outlook for the regional market.

 


Flora Thomas

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