NB-IoT chipsets are used in a wide range of industry verticals. These chipsets are of high value, as they significantly improve user devices’ power consumption, system capacity, and spectrum efficiency, especially in deep coverage. In its latest publication on NB-IoT chipsets market, Meticulous Research states that the market will increase at a CAGR of 30.8% from 2020 to 2027 to reach $3.06 billion by 2027.
The growth of the NB-IoT chipsets market is mainly attributed to the growing demand for wearable devices for health monitoring, rapid adoption of IoT and connected devices, and increasing machine-to-machine communication. Moreover, rising government initiatives to build smart cities and a surge in demand for long-range communication provide significant growth opportunities for players operating in the NB-IoT chipsets market.
To provide efficient analysis, Meticulous Research segmented this market on the basis of deployment (In-band, guard band, and standalone), vertical (agriculture, logistics & transportation, energy & utilities, healthcare, security & surveillance, public infrastructure, smart building, manufacturing, retail, and others), and application (smart agriculture, smart cities, smart building, smart logistics, industrial automation, personal care, smart retail, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
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Narrowband-IoT (NB-IoT) Chipset Market by Deployment
- Guard Band
Narrowband-IoT (NB-IoT) Chipset Market by Vertical
- Logistics & Transportation
- Energy & Utility
- Security & Surveillance
- Public Infrastructure
- Smart Buildings
Narrowband-IoT (NB-IoT) Chipset Market by Application
- Smart Agriculture
- Livestock Monitoring
- Precision Farming
- Smart Irrigation
- Soil Monitoring Systems
- Humidity & Temperature Monitoring
- Fertilization & Disease Monitoring
- Smart Cities
- Smart Parking
- Smart Waste Management
- Smart Utilities
- Smart Public Safety
- Smart Building
- Smart lightings
- Smart Devices
- Smart Logistics
- Fleet Management
- Asset Monitoring
- Industrial Automation
- Factory Monitoring
- Industrial Goods Tracker
- Automated-guided Vehicles
- Personal care
- Wearable Devices
- Patient & Kids Monitoring
- Smart Retail
- Inventory Management
- Smart Mirrors
- Digital Signage
Narrowband-IoT (NB-IoT) Chipset Market by Geography
- North America
- Rest of Europe
- Asia-Pacific (APAC)
- South Korea
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Rest of Latin America
- Middle East and Africa
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On the basis of deployment, the NB-IoT chipsets market is segmented into in-band, guard band, and standalone. In 2020, the in-band segment is poised to command the largest share of the NB-IoT chipsets market. The simple and cost-effectiveness of the in-band mode of deployment, reuse of existing LTE base station hardware, and wide adoption by leading MNOs, such as Vodafone, Deutsche Telekom, and Telecom Italia Mobile are the major factors supporting the large share of this segment.
On the basis of vertical, the agriculture segment is projected to command the largest share in 2020. The large share of this segment is primarily attributed to the advantages provided by the NB-IoT technology to farmers, such as helping farmers, land managers, and environmental agencies to track and monitor livestock and wild animals, monitor soil conditions, temperature and humidity, and determining the requirement of fertilizers and pest control treatment.
In 2020, Asia-Pacific is expected to command the largest share of this market, followed by Europe. The major share of APAC is mainly attributed to the high volume of NB-IoT chipset shipments from China, higher adoption & proliferation of technology, and increasing efforts by players such as SoftBank of Japan, Reliance Jio, Vodafone, and Bharti Airtel of India to roll out NB-IoT deployment.
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Further, in terms of application, the smart agriculture segment is projected to command the largest share of the global NB-IoT chipset market in 2020. The large share of this segment is mainly attributed to its ability to remotely monitor and locate livestock for effective management, smart monitoring of plantations for maintaining the right humidity, temperature, and luminosity of various plants, maintaining the right moisture levels automatically when the soil gets dry, and low price of modems suitable for agricultural application.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market, including Qualcomm Inc. (U.S.), MediaTek Inc. (Taiwan), Intel Corporation (U.S.), Samsung Electronics Co. Ltd. (South Korea), ZTE Corporation (China), Huawei Technologies Co. Ltd. (China), Nordic Semiconductor (Norway), U-Blox Holding AG (Switzerland), Sequans communications (France), GCT Semiconductor (U.S.), Altair Semiconductor (Israel), Sierra Wireless (Canada), Xiamen Cheerzing IoT Technology CO. Ltd. (China), and Simcom Wireless Solution Co. Ltd. (China).
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