Report Id: SNS/SEMI/1370 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Narrowband IoT (NB-IoT) Chipset Market Size was valued at USD 643.4 million in 2021, and is expected to reach USD 6.74 billion by 2028, and grow at a CAGR of 39.9% over the forecast period 2022-2028.
A Narrowband IoT Chipset is a tiny device that connects electronic devices together. This chipset is required by equipment and electronics for a variety of purposes. This little appliance has numerous advantages. Any electronic gadget using a chipset will have great power and low power consumption. The adoption of an IoT chipset increases the efficiency of the devices. GSM and GPRS are similar to the Narrowband chipset. The narrow band IoT chipset, on the other hand, is gaining traction faster than its competitors.
Many people like this chipset because of its numerous advantages and characteristics. The majority of end consumers can afford the costs. The growth of high technology will be considerably aided by this core chipset. End consumers love the Market band support for narrowband IoT chipsets. The telecoms business, in particular, has a significant demand for IoT chipset. The widespread adoption of NB-IoT can boost any technology's efficiency and efficacy. The Global Narrowband Io Chipset Market will reach a substantial level in the forecast period as a result of these attributes. In the following years, new production and innovation in the chipset market will be exceptional.
Adoption of IoT
Use of connected devices
Competition from other LPWA technologies
low-speed data transmission
IMPACT OF COVID-19:
The spread of covid 19 has impacted global industries. In this epidemic, there are supply chain interruptions and numerous challenges. Manufacturing and related activities are on the decline. The performance of the narrowband IoT chipset market is deteriorating. Most districts have a limited amount of hardware. Has an impact on the market for IoT chipsets. In the IoT sector, smart cities are key ongoing projects. These projects, however, are stalled due to closures and restrictions. These factors diminish the need for Narrowband IoT chipsets on the market. For fear of the virus spreading, the number of smart metres installed is limited. In addition, IoT-based activities are currently experiencing challenges. Has an impact on the narrowband IoT chipset industry. All of these market issues, however, are believed to be temporary. Demand and market performance are projected to be normal in the coming year.
This will be covered under the final version of the report.
The Key Player in Global Narrowband IoT (NB-IoT) Chipset Market are Huawei, RDA, MediaTek, Cheerzing, Altair Semiconductor (Sony Group Company), Intel, Telit Communications, Nordic Semiconductor, Sequans Communications, Qualcomm, ZTE, Sanechips, u-blox, Samsung, Sierra Wireless, Sercomm, Quectel and Other Players.
KEY MARKET SEGMENTATION:
Safety and Security
Automotive and Transportation
Energy and Utilities
Alarms and Detectors
A crucial element driving the NB-IoT chipset market growth in APAC is the increased deployment of NB-IoT technology in numerous systems, such as smart metres, smart parking, smart street lights, and health care. The APAC market is currently dominated by China. Favorable government policies, as well as a large supply of NB-IoT chipsets, modules, and infrastructure providers, are driving market expansion in China. Germany, Norway, and Spain, among others, are key suppliers to the European market for NB-IoT chipsets. Many economies, including China, India, Japan, and Australia, have slowed as a result of the outbreak. However, technological advancements and digitization in nations like China and India will continue to drive IoT demand in key verticals like health care and resources. APAC accounts for more than half of the overall number of smart metres installed in 2018-19, with remote employment and access to infrastructure projected to grow in the future.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 643.4 Million|
|Market Size by 2028||US$ 6.74 Billion|
|CAGR||CAGR of 39.9% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Deployment (Stand-Alone, Guard Band, In-Band)
• By Industry (Healthcare, Infrastructure, Building Automation, Manufacturing, Safety And Security, Agriculture, Automotive And Transportation, Energy And Utilities, Consumer Electronics)
• By Device (Smart Streetlights, Smart Parking, Smart Meters, Smart Appliances, Trackers, Alarms And Detectors, Wearable Devices)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Huawei, RDA, MediaTek, Cheerzing, Altair Semiconductor (Sony Group Company), Intel, Telit Communications, Nordic Semiconductor, Sequans Communications, Qualcomm, ZTE, Sanechips, u-blox, Samsung, Sierra Wireless, Sercomm, Quectel and Other Players.|
|Key Drivers||• Adoption of IoT
• Use of connected devices
|RESTRAINTS||• Competition from other LPWA technologies|
Frequently Asked Questions (FAQ) :
The Narrowband IoT (NB-IoT) Chipset Market size was valued at 643.4 million in 2021 at a CAGR of 39.9%.
Increased deployment of NB-IoT technology in numerous systems and Use of connected devices are the drivers of the Narrowband IoT (NB-IoT) Chipset Market.
The Key Player in Narrowband IoT (NB-IoT) Chipset Market are Huawei (China), RDA (China), MediaTek (Taiwan), Cheerzing (China), Altair Semiconductor (Sony Group Company), Intel (US), Telit Communications (UK), Nordic Semiconductor (Norway), Sequans Communications (France), Qualcomm (US), ZTE (China), Sanechips (China), u-blox (Switzerland), Samsung (South Korea), Sierra Wireless (Canada), Sercomm (Taiwan), Quectel (China) and Other.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Narrowband IoT (NB-IoT) Chipset Market Segmentation, by Deployment
8.3 Guard Band
9. Global Narrowband IoT (NB-IoT) Chipset Market Segmentation, by Industry
9.4 Building Automation
9.6 Safety and Security
9.8 Automotive and Transportation
9.9 Energy and Utilities
9.10 Consumer Electronics
10. Global Narrowband IoT (NB-IoT) Chipset Market Segmentation, By Device
10.2 Smart Streetlights
10.3 Smart Parking
10.4 Smart Meters
10.5 Smart Appliances
10.7 Alarms and Detectors
10.8 Wearable Devices
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.5 Altair Semiconductor (Sony Group Company)
12.7 Telit Communications
12.8 Nordic Semiconductor
12.9 Sequans Communications
12.15 Sierra Wireless
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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