The Narrowband IoT (NB-IoT) Chipset Market Size was valued at USD 1259.25 million in 2023, and is expected to reach USD 18.48 billion by 2031, and grow at a CAGR of 39.9% over the forecast period 2024-2031.
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.
Get more information on Narrowband IoT (NB-IoT) Chipset Market - Request Sample Report
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.
KEY DRIVERS:
Growing awareness about safety and security
The expansion of the market is being driven by the demand for developed fire safety systems in fire-prone industries like petrochemical, automotive, mining, power & utility, and exploration. Additionally, the benefits of enhanced technology for fire prevention and the growing awareness of fire protection systems are fuelling market expansion. If businesses gradually Construction managers or facility owners are keeping up with and securing fire safety systems as some regions of the world reopen.
Increasing use of various electronic devices
Increasing the updated fire security requirements to prevent catastrophes
RESTRAIN:
Lack of awareness
High cost
Risk and fear about miss guide of fire alarm detection
OPPORTUNITIES:
Innovation of better technology for fire prevention
Wireless technology is becoming more useful
IoT infrastructure is deployed in smart cities to manage devices and objects that are connected through any connectivity method. An application enablement platform It allows smart cities to manage the majority of their IoT services through one platform, which reduces overall service cost. In order to enhance services such as waste disposal, water management and so on, the authorities of a number of intelligent cities are increasingly looking at using IoT. Monitoring of quality and energy consumption in public buildings. As opposed to traditional system transmission, wireless fire detection systems provide dependable data delivery. Such systems are especially well suited for newly constructed or renovated buildings when cable channels are installed during the building process.
CHALLENGES:
Modernization of Internet of Things and Artificial Intelligence (AI)
Integration of the user interface with fire protection solutions
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.
IMPACT OF RUSSIAN UKRAINE WAR
Traditional life has been transformed into a high-tech lifestyle thanks to the new paradigm of IoT. Smart cities, intelligent homes, pollution control, energy conservation are some of the changes that this Internet of Things is bringing to us. Smart transport, and smarter industries. A number of important research projects and investigations have been carried out carried out in an effort to advance technology through IoT to fully realize the potential of IoT, there are still There are a number of obstacles and problems that need to be resolved. These did Account for different perspectives on the Internet of Things, including applications, difficulties, facilitating technologies, social issues and Environmental implications, etc. The main objective of this review article is to provide an accurate discussion. Both a technical and a sociological point of view. The article also states that there is already an existing situation Their contribution to different aspects of the Internet of Things has been described. Moreover, the importance of big data and its analysis they have been discussing the Internet of Things.
In the economic and industrial development of a developing region, IoT has also shown its importance and potential. It is also considered to be a revolutionary step on the trading and stock exchange markets. However, the security of data and information is an important concern and a highly desirable issue that must be addressed. The Internet, which is the largest source of security threats and cyber-attacks, has opened the door for hackers, which has led to data insecurity.
IMPACT OF ECONOMIC DOWNTURN:
With severe macroeconomic headwinds causing major Market volatility, the possibility of operating errors is razor thin - meaning retailers must be positioned to achieve a consistent level of customer satisfaction across all touch points point. For a consumer, it's just one bad experience. To cease and desist from business with this brand for good.
This increases the importance of using purpose built IoT solutions in order to enhance the operational efficiency and quality, as well as the satisfaction of our customers. In that sense, the key element of this equation is connectivity. Siloed solutions produce static but in a retail environment, when IoT Enabled devices are interconnected and work at the same time The system generates a continuous feedback loop of real-time telemetry data that can be used leveraged to improve staff efficiency, optimize. In times of economic downturn, all hands-on deck approach to working is needed where every member of the team plays an important role in a company's success. However, retailers are currently having difficulty in retaining staff. According to McKinsey & Co. A company survey found that, within three to six months of being hired, almost half of front-line workers and 63% of retail managers would consider leaving their jobs. According to the study, this attrition is often caused by being forced to do tedious work.
By Deployment:
Stand-Alone
Guard Band
In-Band
The global narrowband-IoT (NB-IoT) market size was valued at USD 878.0 million in 2021 and is expected to register from 2022 to 2023, a compounded annual growth rate of 35.1%. Narrowband-IoT (NBa€ ‘IoT) is an emerging wireless IoT communication Technology that allows IoT devices to be connected over a broader area and in places where it's difficult for users to reach manually, limited bandwidth. In order to ensure a long battery life of approximately ten years, the power efficient NBIoT modules help. As they're consuming a small amount of power for signal.
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
The market has been further divided into alarms & detectors, smart parking, smart meters, intelligent lighting, trackers, wearables and others based on type of device. In view of the rapidly increasing demand for sports, fitness equipment and medical devices related to personal care and diagnostics, the wearables segment held a dominant market share. While the increase in disposable income, together with increased awareness of health and fitness, is promoting this.
The study provides market insight into North America, Europe, Asia Pacific, and the Rest of the World by region. The North American market for narrow band technologies was USD 1.87 billion in 2023 and is expected to grow at a rate of 43.90% over the forecast period. CAGR during the study period. This is due to the fact that different network service providers, including Qualcomm, exist. Inc., AT&T, Celico Partnership (Verizon), and T-Mobile US, Inc., who are experts in testing and deploying solutions for Industrial and commercial uses. High disposable income, increasing numbers of people that know how to use technology and Continued acceptance of cutting edge and innovation technologies for use in Personal, Commercial or Industrial sectors in addition, applications are a further important factor that is driving market revenue growth in North America.
Get Customized Report as per your Business Requirement - Request For Customized Report
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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
Huawei-Company Financial Analysis
Narrowband IoT is a new, fast growing 3GPP cellular technology standard introduced in Release 13 addressing the LPWAN low power, wide area network requirements of the IOT. It was classified as a 5G. The technology is standardized by the 3GPP. To enable a wide range, it is rapidly becoming the best LPWAN technology in the world New IoT devices, such as smart parking, utilities, wearables, and industrial solutions.
Characterized by excellent indoor coverage, support of a massive number of connections, cost effectiveness and low device performance consumption and optimised network architecture. In addition, the NBIoT system can efficiently connect large sets of devices to one another. 50,000 per NB-IoT network cell while minimizing power consumption and increasing coverage range in locations not served by the traditional technology of mobile phones.
In June 2022, 1NCE doubled its NB-IoT footprint with expansion in the United States, Taiwan, Belgium, Denmark, Sweden, Norway, Croatia Finland, and the Slovak Republic. This development has pushed the company among the leading providers of NB-IoT technology.
March 2022: OQ Technology, a IoT satellite operator, and Ali signed a Memorandum of Understanding. Semiconductor, a provider of microcontrollers and fusion processors, to cooperate on the development of an NBIoT solution for hybrid terrestrial satellite communication. Users should have the option of switching between mobile networks on a free basis. anywhere in the world, thanks to OQ's IoT satellite constellation and Ali's tiny, high integration mobile device. IoT devices.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1259.25 Million |
| Market Size by 2030 | US$ 18.48 Billion |
| CAGR | CAGR of 39.9% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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 (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, 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 |
The Narrowband IoT (NB-IoT) Chipset Market size was valued at 1259.25 million in 2023 at a CAGR of 39.9% till 2031
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
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
8.1Introduction
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 Eastern Europe
11.3.1.1 Poland
11.3.1.2 Romania
11.3.1.3 Hungary
11.3.1.4 Turkey
11.3.1.5 Rest of Eastern Europe
11.3.2 Western Europe
11.3.2.1 Germany
11.3.2.2 France
11.3.2.3 UK
11.3.2.4 Italy
11.3.2.5 Spain
11.3.2.6 Netherlands
11.3.2.7 Switzerland
11.3.2.8 Austria
11.3.2.9 Rest of Western Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 Vietnam
11.4.6 Singapore
11.4.7 Australia
11.4.8 Rest of Asia Pacific
11.5 The Middle East & Africa
11.5.1 Middle East
11.5.1.1 UAE
11.5.1.2 Egypt
11.5.1.3 Saudi Arabia
11.5.1.4 Qatar
11.5.1.5 Rest of the Middle East
11.5.2 Africa
11.5.2.1 Nigeria
11.5.2.2 South Africa
11.5.2.3 Rest of Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Colombia
11.6.4 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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Horticulture Lighting Market Size was valued at USD 3.76 billion in 2023, and is expected to reach USD 18.9 billion by 2031, and grow at a CAGR of 22.34% over the forecast period 2024-2031.
Electronic Ceramics Market Size was valued at USD 12.61 billion in 2022 and is expected to reach USD 18.63 billion by 2030 and grow at a CAGR of 5% over the forecast period 2023-2030.
Intruder Alarm System Market size was valued at USD 2301.3million in 2022 and is expected to grow to USD 4897.27 million by 2030 and grow at a CAGR of 9.9 % over the forecast period of 2023-2030.
Automation and Control Market Size was valued at USD 448.3 billion in 2023 and is expected to reach USD 1018.4 billion by 2031, growing at a CAGR of 10.8% over the forecast period 2024-2031.
The Encoder Market size was valued at USD 2.8 billion in 2022 and is expected to grow to USD 6.49 billion by 2030 and grow at a CAGR of 11.1% over the forecast period of 2023-2030.
Heat-Assisted Magnetic Recording (HAMR) Device Market Size was valued at USD 39.29 billion in 2022, and expected to reach USD 559.53 billion by 2030, and grow at a CAGR of 39.1% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
