What is Narrowband IoT Chipset Market Scope?
Narrowband Internet of Things (NB-IoT) is known as a Low Power Wide Area Network (LPWAN) radio technology standard developed by the 3GPP to enable a wide range of cellular services and devices. The main advantages of narrowband IoT chipsets are deployed as a simple addition of new software to existing LTE infrastructure, leading to fast development, economies of scale, global roaming, and many others. Widening applications of Narrowband IoT technology and increasing participation of various industry players in the development of NB-IoT are among the factors which are fueling the growth of the NB-IoT chipset market. In addition to this, a rise in the use of connected devices and the growing adoption of IoT is further supplementing the growth of the NB-IoT chipset market.
Influencing Trend:
Increasing Participation of Industry Players in Development of NB-IoT
Market Growth Drivers:
Growing Adoption of IoT and Rise in Use of Connected Devices, Rising Demand for Low-Power, Low-Cost, and Long-Range Connectivity Technologies and Widening Applications of NB-IoT Technology
Challenges:
Long-Tail Ecosystem Consisting of Chipsets, Modules, Devices, and Application Platforms and Limited to Low-Speed Data Transmission Applications
Restraints:
Stiff Competition From Other Lpwa Technologies and Privacy and Security Concerns
Opportunities:
Emerging Smart Cities and Smart Buildings
The Narrowband IoT Chipset market study is being classified by Type (Standalone, Guard Band and In-Band), by Application and major geographies with country level break-up.
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high-end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement, and brand establishment. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Narrowband IoT Chipset market throughout the predicted period.
Huawei (China), Qualcomm (United States), Samsung (South Korea), Nordic Semiconductor (Norway), Altair Semiconductor (Sony Group Company) (Israel), Cheerzing (China), Sercomm (Taiwan), SIMCom (China), Sequans Communications (France) and Sierra Wireless (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are u-blox (Switzerland), ZTE (China), RDA (China), MediaTek (Taiwan), Riot Micro (Canada) and Commsolid (A Goodix Company) (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Narrowband IoT Chipset market by Type, Application and Region.
On the basis of geography, the market of Narrowband IoT Chipset has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In February 2020, Nordic Semiconductor’s launched nRF9160 System-in-Package (SiP) LTE-M/NB-IoT cellular IoT (CIoT) module is among the first products to be awarded PSA Certified Level 1 certification under a new IoT security initiative spearheaded by Arm.
Key Target Audience
Manufacturer, Raw material supplier, Distributors/traders/dealers, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations
Narrowband IoT Chipset Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Narrowband IoT Chipset Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Narrowband IoT Chipset industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.