The “NB IoT Chipset Market” study examines every facet of the market including product categories, geographic areas, and end-users. This report consists of 190 pages. The NB IoT Chipset market is expected to grow annually by 12.3% (CAGR 2023 – 2030).
NB IoT Chipset Market Analytics and Market Coverage
Market analytics and market coverage are critical components of any successful business strategy, and this is especially true in the highly competitive world of the NB IoT Chipset market. NB IoT Chipset market analytics involves collecting and analyzing data related to the NB IoT Chipset market, such as customer behavior, industry trends, and competitor activity. This data can then be used to develop insights into the market that can inform business decisions and improve overall performance.
Market coverage in the NB IoT Chipset market involves developing a comprehensive understanding of the various customer segments and their needs. This understanding is used to develop effective marketing strategies and to ensure that the business is targeting the right customers with the right products and services. Market coverage also involves identifying and establishing relationships with key industry players, such as suppliers, distributors, and other stakeholders.
In order to succeed in the highly competitive NB IoT Chipset market, it is essential to have a deep understanding of the market landscape and to use that knowledge to develop effective business strategies. By using market analytics and market coverage, businesses can gain insights into the market that can help them make more informed decisions and better serve their customers.
The global NB IoT Chipset market size is projected to reach multi million by 2030, in comparision to 2021, at unexpected CAGR during 2023-2030 (Ask for Sample Report).
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What is NB IoT Chipset?
NB IoT (Narrowband Internet of Things) Chipset has emerged as a groundbreaking innovation contributing to the rapid adoption of IoT technology across various industries. As a cutting-edge technology designed specifically for low-power, wide-area (LPWA) applications, NB IoT Chipset offers exceptional capabilities in terms of connectivity range, network scalability, and cost efficiency. This revolutionary chipset has paved the way for end-to-end integration of devices, enabling seamless data exchange and improved operational efficiency. Notably, the NB IoT Chipset market has experienced significant growth in recent years, driven by the increasing demand for IoT solutions across verticals such as healthcare, smart cities, and logistics. Market research indicates that this upward trend is set to continue, as organizations recognize the immense potential and transformative power of NB IoT Chipsets in unlocking the full potential of IoT technology.
Market Segmentation Analysis
NB-IoT chipset market can be categorized into three types: Standalone, In-Band, and Guard Band. Standalone refers to the use of a separate frequency band for NB-IoT communication. In-Band operates within the existing LTE spectrum, utilizing unused resource blocks alongside LTE signals. Guard Band uses the space between LTE channels.
In terms of application, NB-IoT chipsets find use in various sectors such as Agriculture, Automotive & Transportation, Energy, Healthcare, Manufacturing, Retail, Safety & Security, Infrastructure & Building Automation, and others. These chipsets enable advanced connectivity solutions for smart farming, vehicle tracking, energy monitoring, remote patient monitoring, industrial automation, asset tracking, security systems, and many other IoT applications within different industries.
NB IoT Chipset Market Regional Analysis
The global NB IoT chipset market is experiencing significant growth across various regions. In North America, the market is set to witness robust growth due to the increasing adoption of smart connected devices in industries such as healthcare, agriculture, and transportation. Similarly, the Asia-Pacific (APAC) region is expected to dominate the market, primarily driven by the presence of key players and early adoption of technologies in countries like China, Japan, and South Korea.
In Europe, the NB IoT chipset market is anticipated to witness substantial growth as several countries in the region are focusing on digital transformation and implementing IoT solutions across various sectors. Additionally, the United States is expected to emerge as a prominent market, driven by the increasing demand for connected devices and the growing investment in smart city initiatives.
China is forecasted to dominate the NB IoT chipset market globally due to its massive population and rapid urbanization. The country’s government is actively promoting the adoption of IoT technologies in sectors like manufacturing, transportation, and energy, further fueling the market growth.
According to market research, the APAC region is projected to hold the largest market share in the global NB IoT chipset market, estimated to be around 40%. Europe is expected to follow with a market share of approximately 30%, while North America and the United States are forecasted to hold market shares of 20% and 15% respectively. China, being the dominant player in this market, is expected to command a significant market share of around 35%.
Overall, the NB IoT chipset market is witnessing substantial growth across several regions, with APAC and China expected to dominate the market in terms of market share percentage valuation.
Here is the list of regions covered: North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea.
Top Featured Companies Dominating the Global NB IoT Chipset Market
NB-IoT (Narrowband Internet of Things) is a wireless communication technology designed to support wide-area communication for IoT devices. Several companies have developed NB-IoT chipsets, including Qualcomm Technologies, Intel, ARM Holdings, Huawei Technologies, U-blox, Sequans, Altair Semiconductor, Nordic Semiconductor, Quectel Wireless Solutions, and Sierra Wireless.
Market leaders: Qualcomm Technologies, Huawei Technologies, Sierra Wireless, Intel
New entrants: ARM Holdings, U-blox, Sequans, Nordic Semiconductor, Quectel Wireless Solutions
These companies play a significant role in growing the NB-IoT chipset market through their technological advancements and market strategies. They contribute by:
1. Developing high-performance chipsets: These companies invest heavily in research and development to create efficient and low-power NB-IoT chipsets, promoting widespread adoption of the technology.
2. Collaborating with ecosystem partners: They work closely with network operators, device manufacturers, and application developers to create a comprehensive NB-IoT ecosystem. This collaboration enables rapid deployment and interoperability of connected devices.
3. Providing integration solutions: These companies offer complete system-level solutions, including hardware, software, and connectivity solutions. They help customers design and build NB-IoT-enabled products quickly and efficiently.
Sales revenue (in bullet form):
– Qualcomm Technologies: $ billion (2020)
– Huawei Technologies: $ billion (2019)
– Intel: $ billion (2020)
– Sierra Wireless: $ million (2020)
- Qualcomm Technologies
- Intel
- ARM Holdings
- Huawei Technologies
- U-blox
- Sequans
- Altair Semiconductor
- Nordic Semiconductor
- Quectel Wireless Solutions
- Sierra Wireless
- Qualcomm Technologies
- Intel
- ARM Holdings
- Huawei Technologies
- U-blox
- Sequans
- Altair Semiconductor
- Nordic Semiconductor
- Quectel Wireless Solutions
- Sierra Wireless
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The Impact of Covid-19 and Russia-Ukraine War on NB IoT Chipset Market
The Russia-Ukraine War and post-Covid-19 pandemic are expected to have significant consequences on the NB IoT Chipset market. The ongoing conflict between Russia and Ukraine has resulted in political and economic instability in the region, which could disrupt the supply chain and impact the production and distribution of NB IoT chipsets. Additionally, the conflict may lead to trade restrictions and geopolitical tensions, thereby affecting the growth prospects of the market.
The post-Covid-19 pandemic scenario is also anticipated to influence the NB IoT Chipset market. The pandemic has disrupted global economies and caused a decline in consumer spending, leading to a slowdown in various industries. This situation may affect the demand for NB IoT chipsets as businesses focus on immediate recovery rather than investing in IoT infrastructure.
Despite these challenges, the NB IoT Chipset market is expected to witness growth in the coming years. As industries recover and adapt to the new normal, there will be an increasing need for IoT solutions and connectivity. Various sectors, including healthcare, agriculture, and transportation, are anticipated to drive the demand for NB IoT chipsets to enable efficient and smart operations.
Several major players in the semiconductor industry, along with IoT technology providers, are likely to benefit from the growth of the NB IoT Chipset market. Companies that can offer advanced and reliable chipsets, along with comprehensive IoT solutions, are expected to gain a competitive edge in the market.
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[What Are The Key Opportunities For Manufacturers?]
Some Major Points from the Table of Contents
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data by Type
- Data by Application
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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Market Segmentation 2023 – 2030
The worldwide NB IoT Chipset market is categorized by Product Type: Standalone,In-Band,Guard Band and Product Application: Agriculture,Automotive & Transportation,Energy,Healthcare,Manufacturing,Retail,Safety & Security,Infrastructure & Building Automation,Others.
In terms of Product Type, the NB IoT Chipset market is segmented into:
- Standalone
- In-Band
- Guard Band
- Standalone
- In-Band
- Guard Band
In terms of Product Application, the NB IoT Chipset market is segmented into:
- Agriculture
- Automotive & Transportation
- Energy
- Healthcare
- Manufacturing
- Retail
- Safety & Security
- Infrastructure & Building Automation
- Others
- Agriculture
- Automotive & Transportation
- Energy
- Healthcare
- Manufacturing
- Retail
- Safety & Security
- Infrastructure & Building Automation
- Others
The available NB IoT Chipset Market Players are listed by region as follows:
- North America:
- Europe:
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
- Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
- Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
- North America:
- Europe:
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
- Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
- Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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What is the scope of the NB IoT Chipset Market report?
The scope of the NB IoT Chipset Market report provides an in-depth analysis of the NB IoT Chipset market and its various segments. Some of the key points of the scope of the report are:
- Overview of the NB IoT Chipset market, including market size, growth rate, and market trends.
- Analysis of the competitive landscape in the NB IoT Chipset market, including key players, market share, and market concentration.
- Examination of the market segmentation based on product type, application, and geography.
- Discussion of the market dynamics, including drivers, restraints, opportunities, and challenges affecting the NB IoT Chipset market growth.
- Insights into the latest technological advancements and innovations in the NB IoT Chipset market.
- Analysis of the regulatory environment and policies affecting the NB IoT Chipset market.
- Detailed profiling of key players in the NB IoT Chipset market, including their business overview, financials, and recent developments.
- Forecasting the market size and growth rate of the NB IoT Chipset market over the forecast period.
Overall, the scope of the NB IoT Chipset Market report provides a comprehensive understanding of the NB IoT Chipset market and its various aspects, enabling stakeholders to make informed decisions.
Key Question Covered in this NB IoT Chipset Market Research Report
- What is the expected growth rate of the NB IoT Chipset market, and what factors are driving its growth?
- Which companies are dominating the NB IoT Chipset market, and how are they maintaining their market share?
- How are the various product or service segments in the NB IoT Chipset market evolving, and what factors are driving these changes?
- What are the primary channels through which NB IoT Chipset market products or services are distributed, and how are these channels evolving?
- What are the key end-user industries for NB IoT Chipset market products or services, and how are these industries evolving in the market?
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Press Release Distributed by Prime PR Wire
To view the original version on Prime PR Wire visit An analysis of the demand for the NB IoT Chipset market, key suppliers, and significant geographic regions from 2023 to 2030, with a projected CAGR of 12.3%, is presented in this report.
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