Narrowband IOT Chipset Market Size, Sales Revenue, Growth Factors, Future Trends, and Demand by Forecast to 2030

 Narrowband IoT (NB-IoT) Chipset Market

 

According to Market Research Future (MRFR), the global narrowband IoT (NB-IoT) chipset market is expected to reach USD 265 million with a CAGR of 60% from 2017 to 2023 (forecast period). The study offers a thorough and accurate analysis of the impact of the COVID-19 pandemic on the global narrowband IoT (NB-IoT) chipset market.

Narrowband Internet of Things (NB-IoT) is a wireless technology that allows multiple devices to connect across cellular telecommunication bands. Due to this low-power technology, it is primarily deployed in devices operating at low data rates. The main advantages of narrowband IoT chipsets can be deployed as a simple addition of new software to the existing LTE infrastructure, leading to rapid growth, global roaming, economies of scale, and many others.

Get free sample report @ https://www.marketresearchfuture.com/sample_request/5993

NB-IoT chipsets consume less power and are deployed in a range of applications such as smart meters, facility management services, fire alarms, tracking of persons, connected industrial appliances, and many more. Compared to LTE-M1, NB-IoT chipsets have lower bitrates and better link budgets. NB-IoT chipsets can connect the sensors directly to the base station, which improves flexibility while lowering costs.

Narrowband IoT (NB-IoT) Chipset Market Segmentation

The global narrowband IoT (NB-IoT) chipset market has been segmented into components, applications, deployment, and end-user. 

On the basis of component, the global narrowband IoT (NB-IoT) chipset market has been further classified into hardware, software, and services. The hardware segment comprises modules and others. The services segment has been further classified into professional services and managed services. 

On the basis of applications, the global narrowband IoT (NB-IoT) chipset market has been classified into alarms & detector, a smart appliance, tracker, wearable, smart meter, and many others. 

Based on deployment, the global narrowband IoT (NB-IoT) chipset market has been classified into guard band, in-band, and standalone. 

On the basis of end-users, the global narrowband IoT (NB-IoT) chipset market has been classified into healthcare, energy and utility, agriculture, retail, transportation and logistics, and others.

Narrowband IoT (NB-IoT) Chipset Market  Dynamics

The growing demand for long-range connectivity and the increasing prominence of machine-to-machine communication drive the NB-IoT chipset market. The market is driven by chipset factors such as power efficiency, flexibility, and extensive deployment. However, increased initial costs for the development of operating software impede the growth of the market.

Browse complete report @ https://www.marketresearchfuture.com/reports/narrowband-iot-chipset-market-5993

 

Narrowband IoT (NB-IoT) Chipset Market Regional Analysis

The global narrowband IoT (NB-IoT) chipset market is analyzed for North America, Europe, Asia Pacific, and the rest of the world. 

North America is predicted to retain a large market share during the forecast period. The early adoption of narrowband IoT in the region, together with the presence of major players, is driving the market in the region. The growing demand for long-range connectivity is accelerating market growth. The Asia Pacific is expected to have a high growth rate during the projected period. The integration of narrowband IoT technology with cloud computing is boosting the market in the region. The increase in the development of smart cities in developing countries such as India, China, and Taiwan are encouraging the growth of narrowband IoT chipsets. Europe is one of the main contributors to the narrowband IoT chipset market. The existence of key players and the deployment of new technology across major industry verticals are propelling the development of the market in this region. In addition, increasing government funding is boosting the market growth.

 

Key Players

Some of the industry giants in the narrowband IoT (NB-IoT) chipset market are Intel Corporation (U.S.), Huawei Technologies Co. Ltd., (China), Ericsson (Sweden), Nokia Corporation (Finland), Quectel Wireless Solutions Co. Ltd. (China), Sierra Wireless (Canada), Deutsche Telekom AG (Germany), China United Network Communications Group Co., Ltd. (China), Qualcomm Technologies Inc., (U.S.), Vodafone Group plc (U.K) and others.

Some of the significant innovators are u-blox (Switzerland), ZTE Corporation (China), SEQUANS Communications SA (France), Emirates Telecommunication Group (UAE), China Telecommunications Corporation (China), Nordic Semiconductor (Norway), Sigfox (France), STMicroelectronics (U.S.), Gemalto (the Netherlands) and many others.

Read More-

Digital IC Market-             https://www.marketresearchfuture.com/reports/digital-ic-market-4344

Electronic Toll Collection Market-             https://www.marketresearchfuture.com/reports/electronic-toll-collection-market-4971

Electronic Article Surveillance System Market https://www.marketresearchfuture.com/reports/electronic-article-surveillance-system-market-5211

Pay Card Reader Market-             https://www.marketresearchfuture.com/reports/pay-card-reader-market-5239

Quantum Sensors Market-           https://www.marketresearchfuture.com/reports/quantum-sensors-market-5273

 

Contact us:

Market Research Future®,

99 Hudson Street,

 5Th Floor,

New York, New York 10013,

United States of America

Phone: +1 628 258 0071(US),+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

 

Comments

Post a Comment

Popular posts from this blog

Smart Street Lights Industry,Growth, Market Analysis, Business Opportunities and Latest Innovations

  Smart Street Lights Market-Overview The escalation in demand for energy-efficient LED lights is anticipated to motivate the smart street lights market 2020. The SEM industry reports are produced by Market Research Future, which highlights market options for expansion.   An earning of USD 12,404.1 million is predicted while growing at a 22% CAGR by 2023. The development of the concept of smart connected street lighting is estimated to encourage the smart street lights market in the forthcoming period. The widespread implementation of solar-powered street-lights in several cities is estimated to push the development of the led street lights in the impending period. The need to curb the energy usage by conventional street lights is predicted to transform the growth potential of the smart street lights market. Get free sample report @ https://www.marketresearchfuture.com/sample_request/5966 Segmental Analysis The segmental scrutiny of the smart street lights market i...
Read more

Transparent Display Industry ,Competitive Landscape and Gross Margin Analysis till 2030

  Overview The transparent display market is projected to grow at a CAGR of 44.5% during the forecast period. As per the transparent display market research report, the global market for transparent display is projected to grow swiftly by US$3,744.8 million by 2024. According to analysts, the increasing use in head-mounted display (HMD) as well as growth in the demand for liquid crystal display (LCD)surge in the demand for liquid crystal display (LCD) will drive the market growth during the forecast period. The transparent display market research report offers a comprehensive analysis of the global transparent display market and its product, region, resolution, technology, vertical, and display size segments. The growing adoption of screen-less displays along with implementation in retinal displays are the elements that could influence the transparent display market advancement throughout the forecast period. The transparent display market research report by expert analysts is d...
Read more

Semiconductor Wafer Industry, Trends, Scope, Analysis, Forecast !

  The global semiconductor wafer market is growing rapidly. The market growth attributes to the          booming mobile phone industry and wireless communication devices. Semiconductor wafer    technology provides data processing capabilities and is majorly used in integrated circuits required in various electronic devices like computers, smartphones, military weapons, and others. Due to the extensive absorption of semiconductor wafers in consumer electronics and devices used in telecom and automotive systems, the market demonstrates vast opportunities. In this regard, an eminent research firm - Market Research Future (MRFR), asserts that the global semiconductor wafer market valuation would reach USD 40BN by 2022, registering a 3.8% CAGR during the forecast period (2016-2022). Uses of semiconductor wafer technology Additionally, factors such as vast technological development and advancements in semiconductor wafer technology i...
Read more