What is NB-IoT Modules?
NB-IoT Modules are a low-power wide area network (LPWAN) wireless internet of things (IoT) protocol. It was created by 3GPP for cellular wireless communication, allowing for the development of a wide range of new NB-IoT devices and services. One of the three main 3GPP LPWAN standards is NB-IoT. The NB-IoT communication standard aims to enable IoT devices to operate via carrier networks, either within an existing GSM communication carrier wave, in an unused "guard band" between LTE channels, or independently. One of the goals of NB-IoT is to extend coverage beyond what existing cellular technologies provide. To accomplish this, NB-IoT provides transmission repetitions and various bandwidth allocation configurations in uplink transmission. NB-IoT has the potential to enable a wide range of new IoT devices and services. NB-IoT reduces connected device power consumption while increasing system capacity and bandwidth efficiency, particularly in areas not easily covered by traditional cellular technologies. For many use cases, NB-IoT-connected devices can have a battery life of more than ten years.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Neoway (China), MobileTek (China), Simcom (China), LONGSUNG (China), Quectel (China), Ublox (Switzerland), Lierda (China), Cheerzing (China), Sierra Wireless (Canada) and China Mobile (China) |
The study covers a detailed analysis segmented by key business segments i.e. by type (900MHz and 800MHz) , by application (Utilities, Smart City, Consumer Electronics, Logistics Transportation and Agriculture and Environment) and major geographies. Research Analyst at AMA predicts that China Players will contribute to the maximum growth of Global NB-IoT Modules market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this NB-IoT Modules market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Neoway (China), MobileTek (China), Simcom (China), LONGSUNG (China), Quectel (China), Ublox (Switzerland), Lierda (China), Cheerzing (China), Sierra Wireless (Canada) and China Mobile (China).
Market Overview:
On 1st April 2020, u-blox, a key cellular IoT module vendor, announced it had acquired Thingstream, an IoT mobile virtual network operator, joining other mainstream module vendors in becoming more vertically integrated.
A good policy and regulatory framework in the areas of security and privacy, standards, and government regulation are required to accelerate IoT development and investment in developing countries. These can be found, for example, in the UK code of practice for consumer IoT security, the United States Federal Aviation Administration's Unmanned Aircraft Systems regulations and guidelines, and ETSI's security requirements for consumer IoT devices. Other policy and regulatory issues to be addressed include equitable spectrum access, communication tax management, end-to-end security, numbering, and addressing. Radio spectrum is critical for IoT deployment and radio frequency regulation, which the International Telecommunication Union states can be done independently at the national, regional, and global levels.
The market of NB-IoT modules is fragmented as it consists of major as well as emerging players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years.
Influencing Trend:
Growing Innovation in Low Power NB-IoT Communications Modules and LTE-M and NB-IoT to Drive Future Growth
Market Growth Drivers:
Increasing Prevalence of NB-IoT Devices Which Need Communication Module and Growing Adoption of NB-IoT in Wide Range of Industries
Challenges:
Data Security and Privacy Concerns and Lack of Data Management and Interoperability
Restraints:
Complex End-User Needs and Government Regulation Regarding Spectrum Allocation
Opportunities:
Introduction of 5G Will Hugely Benefit the NB-IoT Communications Module Market and Upsurge Demand of Smart Technology and Distributed Applications
Key highlights of the Global NB-IoT Modules market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the NB-IoT Modules market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global NB-IoT Modules market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of NB-IoT Modules Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global NB-IoT Modules market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in NB-IoT Modules market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Analysts and Strategic Business Planners, New Entrants and Investors, NB-IoT Modules Manufacturer, NB-IoT Modules Distributors and Suppliers, Multichannel Networks Providers, Venture Capitalists and Private Equity Firms, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.