NARROWBAND IOT CHIPSET MARKET TO REACH USD 3.97 BILLION BY 2027 | CAGR 47.6% – FORENCIS RESEARCH

Narrowband IoT Chipset Market Size, Share, Trends, Growth, Analysis, Research

Global NarrowBand IoT Chipset Market: Key Highlights

  • According to the new market research report NarrowBand IoT Chipset Market by Deployment (Standalone, In-Band, Guard-Band), by Application (Trackers, Smart Streetlights, Smart Parking, Smart Meters, Smart Appliances, Wearable Devices, Alarms & Detectors, Pipeline Management, Industrial Asset Management, Patient Monitoring, Home & Building Automation, Others), by Component (Hardware, Software, Services), by End Use Industry (Healthcare, Automotive & Logistics, Energy & Utilities, Retail, Manufacturing, Consumer Electronics, Safety & Security, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global NarrowBand IoT Chipset market is estimated to reach USD 3.97 Billion by 2027 at a CAGR of around 47.6% during the review period.
  • Narrowband IoT (NB-IoT) is the new way of communicating with IoT that require small amount of data. It is also known as LTE Cat NB1, is a Low Power Wide Area (LPWA) technology that works virtually anywhere.
  • NB-IoT connects devices more simply and efficiently on already established mobile networks, and handles small amount of fairly infrequent 2way data, securely and reliably.

NarrowBand IoT Chipset Market

Global NarrowBand IoT Chipset Market: Key Market Dynamics

  • Increasing investment by global players in NB-IoT, increasing IoT market, and rising use of connected devices will drive the market during forecast period.
  • Moreover, increasing investment in smart city development by developing countries will become an opportunity for the NB-IoT chipset market during forecast period
  • Moreover, security and privacy threat in the implementation of the technology is expected to restrain the market during forecast period.   

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Global NarrowBand IoT Chipset Market: Regional Overview

  • North America

The Narrow Band IoT Chipset market in the North American region is projected to witness high demand due to the high demand for 5G connected device and wireless infrastructure development. The NB-IoT deployment band selected for North America region are B4 (1700), B12 (700), B66 (1700), B71 (600), B26 (850). In May 2019, AT&T launched Narrowband IoT (NB-IoT) network across the US for complement their existing LTE-M network to give customers a choice of low-power wide-area networks (LPWANs).

  • Asia-Pacific

Asia-Pacific is expected to grow at faster rate during forecast period. High Presence of IT & telecommunication companies and presence of global NB-IoT chipset manufacturers will grow the market in Asia-Pacific region. NB-IoT deployment band selected for Asia-Pacific are B1(2100), B3(1800), B5(850), B8(900), B18(850), B20(800), B26(850), and B28(700). Dialog and UOM designed a NB-IoT-connected SMM for smart meter application. In Malaysia, Maxis’ NB-IoT network allows farmers to seamlessly scale up the deployment of the solution to wider areas to support millions of connected sensors with low power consumption.

Global Narrow Band IoT Chipset Market: Key Players Overview

  • Huawei Technologies Co. Ltd.:

Huawei Technologies Co. Ltd. engages in the provision of information and communications technology (ICT) infrastructure and smart devices. The company have more than 194,000 employees in more than 170 countries. The company provide NB-IoT solutions for delivering positioning accuracy without the integration of GPS. In 2018, the company launched 3GPP R14-based commercial NB-IoT solution which is used as replacement or GPRS-based IoT connectivity with improvements in data rates, cell capacity, cell coverage, and location services.     

  • Qualcomm Technologies Inc.:

The company engages in the provision of semiconductors, wireless & LTE services, and various mobile processor manufacturing. In April 2020, Qualcomm launched NB2 IoT chipset for low-power long-life IoT applications.

Source: Qualcomm Technologies Inc.

Source: Qualcomm Technologies Inc.

Qualcomm 212 LTE IoT Modem’s cutting-edge power-efficient chipset architecture operates on extremely low average power consumption, engineered to require less than one micro-amp (1uA) of sleep current.

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Rep Id : SC 052

Published : 2020-07-13