Narrowband IOT Chipset Market Report: Trends, Forecast and Competitive Analysis to 2030

Narrowband Iot Chipset Trends and Forecast

The future of the global narrowband IOT chipset market looks promising with opportunities in the guard, in-band, and stand-alone markets. The global narrowband IOT chipset market is expected to reach an estimated $4.53 billion by 2030 with a CAGR of 37.0% from 2024 to 2030. The major drivers for this market are increasing adoption of IOT devices, declining cost of NB-IOT chipsets, and growing government initiatives to build smart cities in the developing countries.

A more than 150-page report is developed to help in your business decisions.

Narrowband Iot Chipset by Segment

The study includes a forecast for the global narrowband IOT chipset by device, deployment, end use, and region.

Narrowband IOT Chipset Market by Device [Shipment Analysis by Value from 2018 to 2030]:

• Smart Meters
• Smart Parking

Narrowband IOT Chipset Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:

• Guard
• In-Band
• Stand-Alone

Narrowband IOT Chipset Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Energy & Utilities
• Infrastructure
• Building Automation

Narrowband IOT Chipset Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Narrowband IOT Chipset Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies narrowband IOT chipset companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the narrowband IOT chipset companies profiled in this report include-

• Huawei
• Qualcomm
• Nordic Semiconductor
• Samsung
• Intel Corporation

Narrowband IOT Chipset Market Insights

Lucintel forecasts that smart meter will remain the larger segment over the forecast period as it occur no additional spectrum cost and utilizies less mobile broadband capacity than the in-band deployment.

Within this market, guard will remain the largest segment due to increasing need to monitor energy usage more precisely and thereby reducing the excessive consumption of resources.

APAC will remain the largest over the forecast period due to growing investments and business expansion opportunities in countries like China and Japan.

Features of the Global Narrowband IOT Chipset Market

Market Size Estimates: Narrowband iot chipset market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Narrowband iot chipset market size by device, deployment, end use, and region in terms of value ($B).

Regional Analysis: Narrowband iot chipset market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different devices, deployment, end uses, and regions for the narrowband IOT chipset market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the narrowband IOT chipset market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the narrowband IOT chipset market size?

Answer: The global narrowband IOT chipset market is expected to reach an estimated $4.53 billion by 2030.

Q.2 What is the growth forecast for narrowband IOT chipset market?

Answer: The global narrowband IOT chipset market is expected to grow with a CAGR of 37.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the narrowband IOT chipset market?

Answer: The major drivers for this market are increasing adoption of IOT devices, declining cost of NB-IOT chipsets, and growing government initiatives to build smart cities in the developing countries.

Q4. What are the major segments for narrowband IOT chipset market?

Answer: The future of the narrowband IOT chipset market looks promising with opportunities in the guard, in-band, and stand-alone markets.

Q5. Who are the key narrowband IOT chipset market companies?

Answer: Some of the key narrowband IOT chipset companies are as follows:

• Huawei
• Qualcomm
• Nordic Semiconductor
• Samsung
• Intel Corporation

Q6. Which narrowband IOT chipset market segment will be the largest in future?

Answer: Lucintel forecasts that smart meter will remain the larger segment over the forecast period as it occur no additional spectrum cost and utilizies less mobile broadband capacity than the in-band deployment.

Q7. In narrowband IOT chipset market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest over the forecast period due to growing investments and business expansion opportunities in countries like China and Japan.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the narrowband IOT chipset market by device (smart meters and smart parking), deployment (guard, in-band, and stand-alone), end use (energy & utilities, infrastructure, and building automation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?