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Narrowband IoT (NB-IoT) Chipset Market by Type (Guard Band, Standalone and In-band), Application (Smart Meters, Smart Parking, Alarms and Detectors, Trackers, Wearable Devices and Others), End User (Infrastructure, Agriculture, Energy & Power, Automotive, Healthcare and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027

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Aug 2021 | 473 Views
 
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The hardware components that are necessary for building an IoT network and a Low-Power Wide-Area Network (LPWAN) are called Narrowband IoT (NB-IoT) chipsets. These help improve the power consumption, spectrum efficiency, and system capacity of user devices. Battery life of these devices is expected to be more than ten years. Initial costs of NB-IOT chipsets is similar to GSM and GPRS. Its cost is expected to decrease as demand increases. NB-IoT is compatible with all networks (2G, 3G, 4G), mobile devices, chipsets, and others. Moreover, it provides added benefits like privacy and security in authentication, confidentiality, identification, and others of mobile networks. Innovations in IoT industry paves way for Narrowband iot (NB-IoT) chipset market growth.

The global NB-IoT chipset market is segmented into type, application, end user, and region. Based on type, the market is further segmented into guard band, standalone and in-band. In terms of application, the market is sub-divided into temperature control, temperature monitoring, and others. Based on industry vertical, the market is bifurcated further into infrastructure, agriculture, energy & power, automotive, healthcare and others. Geographically, the global market is divided across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).

Key players of the Narrowband IoT (NB-IoT) chipset market analyzed in the research include Qualcomm Corporation, Intel Corporation, Huawei Technologies Inc., Nordic Semiconductors, Samsung Electronics, MediaTek, Quectel, Sanechips, Sercomm, Cheerzing, and Others. They have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.  

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

There has been increase in the number of industry players and their participation in development of NB-IOT in the recent years. The major factors that drive Narrowband IoT (NB-IoT) chipset market growth include rise in demand for long range connectivity in technologies with lower power and cost. Also, increased implementation and usage of IoT and connected devices along with widening applications of NB-IoT technology have fueled the Narrowband IoT (NB-IoT) chipset market demand. But, security and privacy concerns and advantages such as less power consumption and reduced transmission rates offered by other LPWA technologies are expected to hinder the market growth. Moreover, investments in automation, smart cities, and other smart projects, launches of new and advanced products, and trend in IOT applications these days provide new pathways in the industry.

New product launches to flourish the market 

nRF9160 is low power SIP with integrated NB-IoT modem and GPS. It is used in latest LTE technology which is low powered and securely accessible. This product is easy to use and provides wide range for low power Cellular-IOT applications. It is complete, most compact and energy efficient C-IoT solution currently in the Narrowband IoT (NB-IoT) chipset market. This modem supports all types of protocols and has all necessary power saving features.

As IoT M2M environment can be enabled without using internet by using NB-IOT in C-IoT, the new products are expected to witness high growth rate. As the NB-IOT products are suitable for full end to end sensor to cloud development, these products have flourished the present Narrowband IOT (NB-IOT) chipset market size and will flourish in future as well.

Surge in usage in automotive applications 

The increase in usage of technologies and entry of smart devices in the market has boosted the demand for smart city projects, smart homes and others. AS M2M environment is created by implementing NB-IoT chipsets in automotive, infrastructure, and other end users, there has been high requirement of this product in the global Narrowband IoT (NB-IoT) chipset market. There is a high demand for smart meters these days due to increase in awareness regarding energy consumption, so these will be the end users as well and will also start implementing NB-IoT chipsets.

The manufacturers of NB-IoT chipsets are collaborating with service providers for business expansion across globe. This will help them improve their sales and strengthen their position in the Narrowband IOT (NB-IOT) chipset market. These were the reasons that has and will lead to surge in the automotive and industrial applications.

Covid-19 scenario and analysis:

  • The global Narrowband IoT (NB-IoT) chipset market growth has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled which in turn have significant demand for the NB-IoT chipset.
  • The global factories have struggled to manufacture and assemble new NB-IoT devices as workers have stayed in their homes and even the already available devices in various warehouses cannot be transported due to current rules and regulations which in turn has disrupted the global supply chains.
  • Because of COVID -19 outbreak, technology will also be one of the priority to people, so demand for NB-IOT chipset in various applications like healthcare, security, wearable devices and others will significantly increase.
  • The impact of COVID -19 on Narrowband IoT (NB-IoT) chipset market share is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains and demand for these products are gradually going to increase.
  • This will provide opportunities for companies to think about ways of increasing production, research about technologies, and improve the current products.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Application, End User, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa)

  Companies covered

Qualcomm Corporation, Intel Corporation, Huawei Technologies Inc., Nordic Semiconductors, Samsung Electronics, MediaTek, Quectel, Sanechips, Sercomm, Cheerzing, and Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global NB-IoT chipset industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global NB-IoT chipset market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global NB-IoT chipset market trends and growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global NB-IoT chipset market analysis based on competitive intensity and how the competition will take shape in coming years. 

Key segments covered:

Segments

Sub-segments

  Type

  • Guard Band
  • Standalone
  • In-band

  Application

  • Smart meters
  • Smart parking
  • Alarms and detectors
  • Trackers
  • Wearable Devices
  • Others

  End User

  • Infrastructure
  • Agriculture
  • Energy & Power
  • Automotive
  • Healthcare
  • Others

 

Questions answered in the research report:

  • What are the leading market players active in the NB-IoT chipset market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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