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Narrowband IoT (NB-IoT) Chipset Market

Narrowband IoT (NB-IoT) Chipset Market Size, Share & Segmentation 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), By Regions | Global Market Forecast 2023-2030

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 900.11 million in 2022, and is expected to reach USD 13.20 billion by 2030, and grow at a CAGR of 39.9% over the forecast period 2023-2030.

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.

Narrowband IoT (NB-IoT) Chipset Market Revenue Graph

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


  • Smart cities

  • Smart buildings


  • low-speed data transmission


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.



  • Stand-Alone

  • Guard Band

  • In-Band


  • Healthcare

  • Infrastructure

  • Building Automation

  • Manufacturing

  • Safety and Security

  • Agriculture

  • Automotive and Transportation

  • Energy and Utilities

  • Consumer Electronics


  • Smart Streetlights

  • Smart Parking

  • Smart Meters

  • Smart Appliances

  • Trackers

  • Alarms and Detectors

  • Wearable Devices

Narrowband IoT (NB-IoT) Chipset Market Segment Pie Chart


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.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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


Narrowband IoT (NB-IoT) Chipset Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 900.11 Million
Market Size by 2030 US$ 13.20 Billion
CAGR CAGR of 39.9% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7. PEST Analysis


8. Global Narrowband IoT (NB-IoT) Chipset Market Segmentation, by Deployment


8.2 Stand-Alone

8.3 Guard Band

8.4 In-Band

8.5 Other


9. Global Narrowband IoT (NB-IoT) Chipset Market Segmentation, by Industry

9.1 Introduction

9.2 Healthcare

9.3 Infrastructure

9.4 Building Automation

9.5 Manufacturing

9.6 Safety and Security

9.7 Agriculture

9.8 Automotive and Transportation

9.9 Energy and Utilities

9.10 Consumer Electronics

9.11 Other


10. Global Narrowband IoT (NB-IoT) Chipset Market Segmentation, By Device

10.1 Introduction

10.2 Smart Streetlights

10.3 Smart Parking

10.4 Smart Meters

10.5 Smart Appliances

10.6 Trackers

10.7 Alarms and Detectors

10.8 Wearable Devices

10.9 Other


11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2    Canada

11.2.3    Mexico

11.3        Europe

11.3.1    Germany

11.3.2    UK

11.3.3    France

11.3.4    Italy

11.3.5    Spain

11.3.6    The Netherlands

11.3.7    Rest of Europe

11.4        Asia-Pacific

11.4.1    Japan

11.4.2    South Korea

11.4.3    China

11.4.4    India

11.4.5    Australia

11.4.6    Rest of Asia-Pacific

11.5        The Middle East & Africa

11.5.1    Israel

11.5.2    UAE

11.5.3    South Africa

11.5.4    Rest

11.6        Latin America

11.6.1    Brazil

11.6.2    Argentina

11.6.3    Rest of Latin America


12. Company Profiles

12.1 Huawei

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 RDA

12.3 MediaTek

12.4 Cheerzing

12.5 Altair Semiconductor (Sony Group Company)

12.6 Intel

12.7 Telit Communications

12.8 Nordic Semiconductor

12.9 Sequans Communications

12.10 Qualcomm

12.11 ZTE

12.12 Sanechips

12.13 u-blox

12.14 Samsung

12.15 Sierra Wireless

12.16 Sercomm

12.17 Quectel

12.18 Other


13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments


14. Conclusion

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Secondary Research

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