Narrowband IoT (NB-IoT) Chipset Market - Trends Forecast Till 2028

Market Overview

Global Narrowband IoT (NB-IoT) Chipset market is anticipated to reach USD 480.9 million in 2021 growing at a CAGR of 41.8% during the forecasting period, 2021-2028.

Narrowband IoT (NB-IoT) popularly known as LTE Cat NB1 is a technology that consumes less power but has a wider coverage. It has higher security and is also user friendly. It solves the problem of wireless connectivity along with providing higher range. It supports all the chipset manufactured products and also power major mobile equipment.

With an increased use of connective device being used along with a surge in use of wearable are some of the factors that have supported long-term expansion for Narrowband IoT (NB-IoT) Chipset industry.

Key Findings

Global Narrowband IoT (NB-IoT) Chipset market is segmented into Device, Deployment, Vertical and, geography.

Device segment is segmented into Smart Meters, Smart Parking

Deployment segment is segmented into Guard, In-Band, Stand-Alone

Vertical segment is segmented into Energy & Utilities, Infrastructure, and Building Automation

Geographically, global Narrowband IoT (NB-IoT) Chipset market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in global Narrowband IoT (NB-IoT) Chipset market are  Huawei (China), Qualcomm (US), Intel (US), Nordic Semiconductor (Norway), Sanechips (China), Samsung (South Korea), MediaTek (Taiwan), Sercomm (Taiwan), Cheerzing (China), u-blox (Switzerland), Telit Communications (UK), Quectel (China), and Sequans Communications (France) among others.

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Report Scope