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Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 1.95 Billion

Market Size (2029)

USD 21.27 Billion

CAGR (2024-2029)

48.7%

Fastest Growing Segment

Manufacturing

Largest Market

Asia Pacific

Market Overview

Global Narrowband IoT Chipset Market was valued at USD 1.95 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 48.7% through 2029. TThe Global Narrowband IoT (NB-IoT) Chipset Market is witnessing significant growth, driven by escalating demand for cost-effective, low-power, and wide-area connectivity solutions for the Internet of Things (IoT). NB-IoT technology provides standardized and efficient connectivity for a diverse range of IoT devices, including smart meters, wearables, and environmental sensors, prioritizing energy conservation and extensive network coverage. As industries increasingly embrace IoT for monitoring, data collection, and automation purposes, the need for NB-IoT chipsets has surged. Moreover, its capability to accommodate large device volumes on a unified network, alongside robust security features, positions it favorably for businesses and governments aiming to optimize operational efficiency and data-driven decision-making through IoT integration. The Global NB-IoT Chipset Market is set for continuous expansion, with semiconductor industry leaders actively investing in research and development to enhance NB-IoT chipset capabilities and align with the evolving requirements of the IoT landscape.

Key Market Drivers

Expanding IoT Ecosystem

The rapid expansion of the Internet of Things (IoT) ecosystem is a primary driver behind the growth of the Global Narrowband IoT Chipset Market. With more industries and sectors adopting IoT technologies for monitoring, control, and data analytics, there is an increasing demand for cost-effective and energy-efficient connectivity solutions. Narrowband IoT chipsets offer a standardized and economical means to connect a wide range of IoT devices, including smart meters, agricultural sensors, and asset tracking systems. The scalability and flexibility of NB-IoT technology allow it to support massive deployments of devices, making it an attractive choice for industries seeking to enhance operational efficiency and gain real-time insights from data. As the IoT ecosystem continues to expand, the demand for NB-IoT chipsets is set to grow in tandem, enabling businesses and governments to harness the power of IoT for a more connected and data-driven world.

Low Power Consumption

Another pivotal driver behind the rising popularity of Narrowband IoT (NB-IoT) chipsets is their exceptional energy efficiency. IoT devices are often deployed in remote or hard-to-reach locations where battery replacement or recharging is impractical. NB-IoT chipsets are designed to operate on ultra-low power, which extends the lifespan of connected devices' batteries significantly. This longevity is crucial for applications like smart agriculture, environmental monitoring, and asset tracking, where devices need to function for years without intervention. As a result, industries looking to deploy IoT solutions in these scenarios are increasingly turning to NB-IoT technology to ensure long-term reliability and minimize operational costs.

Enhanced Coverage and Penetration

The third driver propelling the growth of the Global Narrowband IoT Chipset Market is its ability to provide superior coverage and penetration in comparison to other IoT connectivity options. NB-IoT technology operates on licensed spectrum bands, which allows for a more stable and reliable signal. It has excellent building and ground penetration capabilities, making it suitable for IoT deployments in challenging environments such as urban areas, industrial facilities, and underground installations. This robust connectivity is invaluable for use cases like smart city infrastructure, building automation, and logistics, where maintaining a consistent connection is paramount. The enhanced coverage and penetration capabilities of NB-IoT chipsets position them as a preferred choice for IoT applications demanding reliable connectivity in diverse and complex settings.

Security and Reliability

Security and reliability are paramount concerns in the IoT landscape, and Narrowband IoT (NB-IoT) chipsets offer a compelling solution. These chipsets are engineered with strong security features, ensuring data privacy and device integrity. They adhere to 3GPP standards and benefit from the security infrastructure of cellular networks, which include authentication protocols and encryption. This level of security is especially vital for applications in healthcare, finance, and critical infrastructure, where sensitive data and operational integrity must be protected. The reliability of NB-IoT connectivity is equally noteworthy, as it minimizes data loss and downtime. As industries continue to prioritize security and reliability, the adoption of NB-IoT chipsets is poised to increase, supporting the growth of the overall market.


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Key Market Challenges

Spectrum Allocation and Regulatory Hurdles

One of the primary challenges facing the Global Narrowband IoT (NB-IoT) Chipset Market is the allocation and management of spectrum for IoT connectivity. As more devices and applications compete for spectrum resources, regulatory bodies and governments must establish clear guidelines for spectrum allocation and usage. The growing demand for NB-IoT connectivity necessitates a spectrum allocation strategy that accommodates not only the existing cellular networks but also the emerging IoT ecosystem. Balancing the needs of various stakeholders, including telecommunications providers, industrial users, and public services, is a complex and ongoing challenge. Regulatory hurdles, such as licensing and interference issues, can impede the deployment of NB-IoT networks, hindering the market's growth and the realization of IoT's full potential.

Interoperability and Fragmentation

Interoperability and fragmentation present significant challenges to the NB-IoT Chipset Market. The IoT landscape is highly diverse, with a multitude of devices, platforms, and applications. Ensuring seamless communication and compatibility among these diverse elements is crucial for the success of IoT ecosystems. While standardization efforts like 3GPP have aimed to address this challenge, fragmentation still persists to some extent due to variations in regional requirements, proprietary solutions, and legacy systems. The lack of universal standards for specific IoT use cases can lead to compatibility issues, hampering the deployment of NB-IoT chipsets and the broader IoT ecosystem. Overcoming these interoperability challenges requires continued collaboration among industry players, regulatory bodies, and standardization organizations.

Security Concerns

Security remains a paramount concern in the Global Narrowband IoT Chipset Market. As IoT devices and networks become more interconnected and data-driven, they become attractive targets for cyberattacks and data breaches. The limited computational and memory resources of many IoT devices can make them vulnerable to security threats. Ensuring robust security measures is particularly critical for applications such as healthcare, smart cities, and industrial automation, where sensitive data and critical infrastructure are at risk. A lack of security standards and best practices across the IoT industry can exacerbate these vulnerabilities. To address this challenge, stakeholders must prioritize the development of comprehensive security frameworks, implement encryption and authentication mechanisms, and continuously update devices to protect against emerging threats.

Key Market Trends

Rapid Proliferation of Smart Cities and Infrastructure

The Global Narrowband IoT (NB-IoT) Chipset Market is witnessing a significant trend in the proliferation of smart cities and infrastructure projects. As urban populations continue to grow, cities around the world are embracing IoT technology to enhance the quality of life for residents. NB-IoT chipsets play a pivotal role in smart city deployments by enabling applications like smart lighting, waste management, parking, and environmental monitoring. The scalability, low power consumption, and long-range connectivity of NB-IoT make it an ideal choice for these urban innovations. This trend is driven by the need for efficient resource management, reduced energy consumption, and improved public services, making NB-IoT a key enabler of the smart city revolution.

IoT in Healthcare and Remote Monitoring

Another prominent market trend is the increasing adoption of NB-IoT chipsets in the healthcare sector and remote patient monitoring. With the aging global population and the growing burden on healthcare systems, IoT technology is being leveraged to provide remote monitoring and real-time healthcare data. NB-IoT's low power consumption, extensive coverage, and reliable connectivity make it suitable for wearable medical devices, patient tracking, and telemedicine applications. This trend is expected to continue as healthcare providers seek to improve patient outcomes, reduce hospital readmissions, and optimize healthcare delivery through the seamless integration of IoT-enabled solutions.

Agriculture and Precision Farming

Agriculture is undergoing a digital transformation with the integration of IoT technology, and NB-IoT chipsets are at the forefront of this trend. Precision farming, crop monitoring, and livestock management benefit from the long-range coverage and low power consumption of NB-IoT devices. Farmers are using these solutions to increase crop yields, conserve resources, and reduce operational costs. The market trend of IoT adoption in agriculture is poised for growth as the agriculture industry seeks to address food security and sustainability challenges while embracing data-driven decision-making.

Asset Tracking and Logistics Optimization

In the logistics and supply chain industry, the use of NB-IoT chipsets for asset tracking and cargo monitoring is becoming increasingly prevalent. The ability to track the location, condition, and security of goods in real-time offers significant operational advantages, including improved inventory management, reduced theft, and optimized routes. The global trend towards e-commerce and the need for efficient shipping and delivery services further drive the demand for NB-IoT in logistics. As the world becomes more interconnected, logistics companies are under pressure to meet consumer expectations for speedy and reliable deliveries, making NB-IoT a key enabler of these capabilities.

Segmental Insights

Device Type Insights

The Smart Metering device type segment emerged as the dominant force in the Global Narrowband IoT (NB-IoT) Chipset Market, and it is anticipated to maintain its commanding position throughout the forecast period. Smart metering applications encompass the deployment of NB-IoT chipsets in utility sectors, including electricity, gas, and water. These deployments have gained significant momentum due to the need for efficient resource management, accurate billing, and the growing demand for sustainable and environmentally friendly solutions. One of the primary factors contributing to the dominance of smart metering in the NB-IoT Chipset Market is the global push for energy efficiency and sustainability. Smart meters equipped with NB-IoT technology offer utilities the ability to remotely monitor and manage energy consumption, reducing the need for manual readings and ensuring more accurate billing. This not only enhances operational efficiency but also aligns with environmental conservation goals by encouraging consumers to be more mindful of their energy usage. The extensive coverage and penetration capabilities of NB-IoT networks are particularly well-suited for smart metering applications, especially in urban areas and hard-to-reach locations. This makes NB-IoT the go-to choice for utilities seeking to implement large-scale, reliable, and cost-effective smart metering solutions. As governments worldwide continue to enforce stricter regulations and targets related to energy conservation and carbon reduction, the demand for smart metering solutions is expected to remain robust. The ongoing emphasis on sustainability and resource optimization, combined with the inherent advantages of NB-IoT technology, positions smart metering as the dominant and enduring segment within the Global NB-IoT Chipset Market for the foreseeable future.

Vertical Insights

The Manufacturing vertical segment emerged as the dominant force in the Global Narrowband IoT (NB-IoT) Chipset Market, and it is expected to maintain its dominance throughout the forecast period. The manufacturing sector has increasingly embraced NB-IoT technology to streamline operations, enhance efficiency, and enable smart manufacturing practices. The reliability, scalability, and low-power capabilities of NB-IoT chipsets have made them a compelling choice for industrial IoT applications within the manufacturing domain. These applications include asset tracking, predictive maintenance, remote monitoring, and quality control, all of which are critical for achieving operational excellence. The implementation of NB-IoT in manufacturing not only reduces downtime and operational costs but also ensures a seamless and interconnected production environment. As the global manufacturing industry continues to digitize and modernize its processes, the demand for NB-IoT chipsets in this sector is set to grow, driving the segment's dominance in the market. Manufacturers are expected to continue leveraging the potential of NB-IoT to optimize their operations and meet the demands of an increasingly competitive and data-driven market.


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Regional Insights

The region that dominated the global Narrowband IoT (NB-IoT) Chipset market was Asia Pacific, and it is expected to maintain its dominance during the forecast period. Asia Pacific has emerged as a key market for NB-IoT Chipsets due to several factors that contribute to its dominance in the industry.  One of the primary reasons for Asia Pacific's dominance is the region's large population and rapid urbanization, which has led to a significant increase in the adoption of IoT devices and applications. The demand for NB-IoT Chipsets is driven by the need for efficient and cost-effective connectivity solutions for a wide range of applications, including smart cities, industrial automation, agriculture, and healthcare.  Asia Pacific is home to several leading technology hubs and manufacturing facilities, making it a hub for IoT device production. The region has a strong ecosystem of semiconductor manufacturers, chipset vendors, and IoT solution providers, which contributes to the availability of a wide range of NB-IoT Chipsets and related technologies.  Furthermore, governments in the Asia Pacific region have been actively promoting and investing in IoT infrastructure and initiatives. Initiatives such as smart city projects, industrial automation programs, and agricultural modernization efforts have created a conducive environment for the adoption of NB-IoT Chipsets. Looking ahead, Asia Pacific is expected to maintain its dominance in the global NB-IoT Chipset market during the forecast period. The region's favorable market conditions, supportive government policies, and strong manufacturing capabilities provide a solid foundation for continued growth and innovation in the NB-IoT Chipset market. However, it is important to note that other regions, such as North America and Europe, are also witnessing significant growth and may present strong competition in the future.

Recent Developments

  • In March 2022, OQ Technology, an IoT satellite operator, and Alif Semiconductor, a provider of microcontrollers and fusion processors, have formalized a Memorandum of Understanding (MOU) to jointly develop an NB-IoT solution for hybrid terrestrial satellite networking. The collaboration aims to utilize OQ's IoT satellite constellation and Alif's compact, highly integrated cellular-enabled IoT devices to enable seamless switching between mobile networks globally. This strategic partnership underscores the commitment of both companies to advancing IoT technology and broadening connectivity options for users worldwide.

Key Market Players

  • Qualcomm Technologies, Inc.
  • Huawei Technologies Co., Ltd.
  • Nordic Semiconductor ASA
  • Sierra Wireless, Inc.
  • Sequans Communications S.A.
  • u-blox AG
  • Sony Semiconductor Israel Ltd.
  • Telit Cinterion group
  • Quectel Wireless Solutions Co., Ltd
  • Samsung Electronics Co., Ltd.

 By Device Type

By Deployment

By Vertical

By Region

  • Tracker
  • Smart Metering
  • Wearable
  • Stand Alone
  • Guard Band
  • In Band
  • IT
  • Manufacturing
  • Agriculture
  • Healthcare
  • Automotive
  • Transportation
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Narrowband IoT Chipset Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Narrowband IoT Chipset Market, By Device Type:

o   Tracker

o   Smart Metering

o   Wearable

  • Narrowband IoT Chipset Market, By Deployment:

o   Stand Alone

o   Guard Band

o   In Band

  • Narrowband IoT Chipset Market, By Vertical:

o   IT

o   Manufacturing

o   Agriculture

o   Healthcare

o   Automotive

o   Transportation  

  • Narrowband IoT Chipset Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Indonesia

§  Vietnam

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

§  Peru

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Narrowband IoT Chipset Market.

Available Customizations:

Global Narrowband IoT Chipset market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Narrowband IoT Chipset Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.    Secondary Research

2.5.2.    Primary Research

2.6.  Approach for the Market Study

2.6.1.    The Bottom-Up Approach

2.6.2.    The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.    Data Triangulation & Validation

3.    Executive Summary

4.    Impact of COVID-19 on Global Narrowband IoT Chipset Market

5.    Voice of Customer

6.    Global Narrowband IoT Chipset Market Overview

7.    Global Narrowband IoT Chipset Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Device Type (Tracker, Smart Metering, Wearable)

7.2.2.    By Deployment (Stand Alone, Guard Band, In Band)

7.2.3.    By Vertical (IT, Manufacturing, Agriculture, Healthcare, Automotive, Transportation)

7.2.4.    By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.  By Company (2023)

7.4.  Market Map

8.    North America Narrowband IoT Chipset Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Device Type

8.2.2.    By Deployment

8.2.3.    By Vertical

8.2.4.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Narrowband IoT Chipset Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Device Type

8.3.1.2.2.           By Deployment

8.3.1.2.3.           By Vertical

8.3.2.    Canada Narrowband IoT Chipset Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Device Type

8.3.2.2.2.           By Deployment

8.3.2.2.3.           By Vertical

8.3.3.    Mexico Narrowband IoT Chipset Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Device Type

8.3.3.2.2.           By Deployment

8.3.3.2.3.           By Vertical

9.    Europe Narrowband IoT Chipset Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Device Type

9.2.2.    By Deployment

9.2.3.    By Vertical

9.2.4.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Narrowband IoT Chipset Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Device Type

9.3.1.2.2.           By Deployment

9.3.1.2.3.           By Vertical

9.3.2.    France Narrowband IoT Chipset Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Device Type

9.3.2.2.2.           By Deployment

9.3.2.2.3.           By Vertical

9.3.3.    United Kingdom Narrowband IoT Chipset Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Device Type

9.3.3.2.2.           By Deployment

9.3.3.2.3.           By Vertical

9.3.4.    Italy Narrowband IoT Chipset Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Device Type

9.3.4.2.2.           By Deployment

9.3.4.2.3.           By Vertical

9.3.5.    Spain Narrowband IoT Chipset Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Device Type

9.3.5.2.2.           By Deployment

9.3.5.2.3.           By Vertical

9.3.6.    Belgium Narrowband IoT Chipset Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Device Type

9.3.6.2.2.           By Deployment

9.3.6.2.3.           By Vertical

10. South America Narrowband IoT Chipset Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Device Type

10.2.2. By Deployment

10.2.3. By Vertical

10.2.4. By Country

10.3.            South America: Country Analysis

10.3.1. Brazil Narrowband IoT Chipset Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Device Type

10.3.1.2.2.         By Deployment

10.3.1.2.3.         By Vertical

10.3.2. Colombia Narrowband IoT Chipset Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Device Type

10.3.2.2.2.         By Deployment

10.3.2.2.3.         By Vertical

10.3.3. Argentina Narrowband IoT Chipset Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Device Type

10.3.3.2.2.         By Deployment

10.3.3.2.3.         By Vertical

10.3.4. Chile Narrowband IoT Chipset Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Device Type

10.3.4.2.2.         By Deployment

10.3.4.2.3.         By Vertical

10.3.5. Peru Narrowband IoT Chipset Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Device Type

10.3.5.2.2.         By Deployment

10.3.5.2.3.         By Vertical

11. Middle East & Africa Narrowband IoT Chipset Market Outlook

11.1.            Market Size & Forecast

11.1.1. By Value

11.2.            Market Share & Forecast

11.2.1. By Device Type

11.2.2. By Deployment

11.2.3. By Vertical

11.2.4. By Country

11.3.            Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Narrowband IoT Chipset Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Device Type

11.3.1.2.2.         By Deployment

11.3.1.2.3.         By Vertical

11.3.2. UAE Narrowband IoT Chipset Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Device Type

11.3.2.2.2.         By Deployment

11.3.2.2.3.         By Vertical

11.3.3. South Africa Narrowband IoT Chipset Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Device Type

11.3.3.2.2.         By Deployment

11.3.3.2.3.         By Vertical

11.3.4. Turkey Narrowband IoT Chipset Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Device Type

11.3.4.2.2.         By Deployment

11.3.4.2.3.         By Vertical

11.3.5. Israel Narrowband IoT Chipset Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Device Type

11.3.5.2.2.         By Deployment

11.3.5.2.3.         By Vertical

12. Asia Pacific Narrowband IoT Chipset Market Outlook

12.1.            Market Size & Forecast

12.1.1. By Value

12.2.            Market Share & Forecast

12.2.1. By Device Type

12.2.2. By Deployment

12.2.3. By Vertical

12.2.4. By Country

12.3.            Asia-Pacific: Country Analysis

12.3.1. China Narrowband IoT Chipset Market Outlook

12.3.1.1.     Market Size & Forecast

12.3.1.1.1.         By Value

12.3.1.2.     Market Share & Forecast

12.3.1.2.1.         By Device Type

12.3.1.2.2.         By Deployment

12.3.1.2.3.         By Vertical

12.3.2. India Narrowband IoT Chipset Market Outlook

12.3.2.1.     Market Size & Forecast

12.3.2.1.1.         By Value

12.3.2.2.     Market Share & Forecast

12.3.2.2.1.         By Device Type

12.3.2.2.2.         By Deployment

12.3.2.2.3.         By Vertical

12.3.3. Japan Narrowband IoT Chipset Market Outlook

12.3.3.1.     Market Size & Forecast

12.3.3.1.1.         By Value

12.3.3.2.     Market Share & Forecast

12.3.3.2.1.         By Device Type

12.3.3.2.2.         By Deployment

12.3.3.2.3.         By Vertical

12.3.4. South Korea Narrowband IoT Chipset Market Outlook

12.3.4.1.     Market Size & Forecast

12.3.4.1.1.         By Value

12.3.4.2.     Market Share & Forecast

12.3.4.2.1.         By Device Type

12.3.4.2.2.         By Deployment

12.3.4.2.3.         By Vertical

12.3.5. Australia Narrowband IoT Chipset Market Outlook

12.3.5.1.     Market Size & Forecast

12.3.5.1.1.         By Value

12.3.5.2.     Market Share & Forecast

12.3.5.2.1.         By Device Type

12.3.5.2.2.         By Deployment

12.3.5.2.3.         By Vertical

12.3.6. Indonesia Narrowband IoT Chipset Market Outlook

12.3.6.1.     Market Size & Forecast

12.3.6.1.1.         By Value

12.3.6.2.     Market Share & Forecast

12.3.6.2.1.         By Device Type

12.3.6.2.2.         By Deployment

12.3.6.2.3.         By Vertical

12.3.7. Vietnam Narrowband IoT Chipset Market Outlook

12.3.7.1.     Market Size & Forecast

12.3.7.1.1.         By Value

12.3.7.2.     Market Share & Forecast

12.3.7.2.1.         By Device Type

12.3.7.2.2.         By Deployment

12.3.7.2.3.         By Vertical

13. Market Dynamics

13.1.            Drivers

13.2.            Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.            Qualcomm Technologies, Inc.

15.1.1. Business Overview

15.1.2. Key Revenue and Financials  

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2.            Huawei Technologies Co., Ltd.

15.2.1. Business Overview

15.2.2. Key Revenue and Financials  

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3.            Nordic Semiconductor ASA

15.3.1. Business Overview

15.3.2. Key Revenue and Financials  

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4.            Sierra Wireless, Inc.

15.4.1. Business Overview

15.4.2. Key Revenue and Financials  

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5.            Sequans Communications S.A.

15.5.1. Business Overview

15.5.2. Key Revenue and Financials  

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6.            u-blox AG

15.6.1. Business Overview

15.6.2. Key Revenue and Financials  

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7.          Sony Semiconductor Israel) Ltd.

15.7.1. Business Overview

15.7.2. Key Revenue and Financials  

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8.            Telit Cinterion group

15.8.1. Business Overview

15.8.2. Key Revenue and Financials  

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9.            Quectel Wireless Solutions Co., Ltd.

15.9.1. Business Overview

15.9.2. Key Revenue and Financials  

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10.         Samsung Electronics Co., Ltd.

15.10.1.              Business Overview

15.10.2.              Key Revenue and Financials  

15.10.3.              Recent Developments

15.10.4.              Key Personnel/Key Contact Person

15.10.5.              Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Narrowband IoT Chipset Market was USD 1.95 Billion in 2023.

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The dominant segment by deployment in the global Narrowband IoT (NB-IoT) chipset market in 2023 was the in-band segment.

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The dominant region in the Global Narrowband IoT Chipset Market was the Asia-Pacific, with China at its forefront, driven by its vast market size, government support, industrial adoption, and smart city initiatives.

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The major drivers for the Global Narrowband IoT Chipset Market include the growing demand for low-power, wide-area connectivity for IoT devices, increasing IoT ecosystem expansion, and the need for enhanced coverage and penetration in various applications.

profile

Sakshi Bajaal

Business Consultant
Press Release

Narrowband IoT Chipset Market is expected to register a CAGR of 48.7% during the forecast period

Sep, 2024

The Global Narrowband IoT Chipset Market is rising due to the growing demand for low-power, wide-area connectivity for IoT devices in the forecast period 2025-2029F.