NB-IoT Chipset Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released an in-depth report on the global NB-IoT Chipset Market. This comprehensive report delves into the key market dynamics, including drivers, trends, opportunities, and challenges, offering detailed insights into the market structure.

Key Insights:

NB-IoT Chipset Market Size (2024E): US$ 861.7 Million
Projected Market Value (2033F): US$ 4785.1 Million
Global Market Growth Rate (CAGR 2024 to 2033): 21.0%

NB-IoT Chipset Market Overview:

The NB-IoT (Narrowband Internet of Things) chipset market caters to various applications, particularly in enabling low-power, wide-area (LPWA) connectivity for IoT devices. This specialized hardware component, designed as a System-on-Chip (SoC), integrates a modem, memory, sensors, and RF transceivers to provide long-range communication with minimal power consumption. Key industries benefiting from NB-IoT chipsets include agriculture, energy, transportation, and smart city infrastructure.

The rising demand for connected devices and the expansion of smart cities globally are driving the market. Additionally, the wide application of NB-IoT in smart meters, agriculture, and wearable devices further propels growth. The chipset's ability to support low-power consumption and extended battery life makes it indispensable for IoT applications.

Market Growth Drivers:

The global NB-IoT Chipset Market is being driven by the increasing adoption of IoT devices, especially in smart cities and infrastructure projects. With urbanization on the rise, NB-IoT chipsets are proving crucial in the deployment of connected solutions like smart meters, streetlights, and waste management systems. The significant cost advantage of these chipsets compared to traditional methods is another growth factor.

The reduced power consumption of NB-IoT chipsets extends the battery life of devices, making them ideal for remote areas with limited access to power sources. Additionally, their wide coverage range supports diverse use cases, from agriculture to security, enabling real-time monitoring and data collection in previously inaccessible regions.

Market Restraints:

Despite promising growth, the NB-IoT Chipset Market faces challenges. Limited network coverage in certain regions and competition from alternative LPWA technologies like LoRaWAN and Sigfox restrict growth. Furthermore, the lack of standardization in some markets and network limitations hinder widespread adoption. These factors, coupled with ongoing technological advancements, may slow down the deployment of NB-IoT chipsets in specific regions.

Price volatility of raw materials and limited scalability in certain regions also pose hurdles. For instance, manual processes in less developed areas can hamper the supply chain, affecting production costs and market profitability.

Market Opportunities:

Opportunities in the NB-IoT Chipset Market are abundant, particularly with the ongoing expansion of smart city initiatives and improved network coverage. As mobile operators continue to extend their NB-IoT networks, regions that previously lacked coverage are now becoming accessible. This development creates significant opportunities for NB-IoT chipset manufacturers to expand into new markets.

Additionally, the trend toward cleaner, more efficient technologies is pushing industries such as agriculture and healthcare to adopt NB-IoT solutions for better resource management and remote monitoring. E-commerce growth and direct-to-consumer sales provide further market expansion opportunities.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the NB-IoT Chipset Market globally?
Which applications of NB-IoT chipsets are leading in various regions?
How are technological advancements influencing the competitive landscape of the NB-IoT Chipset Market?
Who are the key players in the NB-IoT Chipset Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global NB-IoT Chipset Market?

Competitive Landscape and Business Strategy:

Key players in the NB-IoT Chipset Market, such as Huawei Technologies, Qualcomm Technologies, and Intel Corporation, are focusing on expanding their product portfolios and investing heavily in R&D. Their efforts are directed toward enhancing product quality and introducing innovative NB-IoT chipsets that cater to the evolving needs of smart city infrastructure, agriculture, and industrial automation.

Collaborations between chipset manufacturers and telecom operators are essential to ensure reliable network coverage and seamless integration of IoT devices. For instance, Qualcomm's recent development of a 212 modem for NB-IoT LTE bands offers extended battery life for IoT devices, making them more efficient and cost-effective.

Key Companies Profiled:

Huawei Technologies Co., Ltd.
Qualcomm Technologies Co., Ltd.
Intel Corporation
ARM Holdings AG
u-Blox Holding AG
SEQUANS
Altair Semiconductor
Nordic Semiconductor
Quectel Wireless Solutions
Sierra Wireless

NB-IoT Chipset Market Industry Segmentation:

By Deployment Type:

Standalone
In-Band
Guard Band

By Device:

Smart Appliances
Smart Meters
Trackers
Alarms & Detectors
Wearable Devices
Others

By Industry Vertical:

Agriculture
Automotive & Transportation
Energy
Healthcare
Manufacturing
Retail
Safety & Security
Infrastructure & Building Automation
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

Product Code: PMRREP27283

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Pricing Analysis

4.1. Pricing Analysis, By Product type
4.2. Average Pricing Analysis Benchmark

5. Global NB-IoT Chipset Market Demand (in Value in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
5.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 5.2.1. Y-o-Y Growth Trend Analysis
- 5.2.2. Absolute $ Opportunity Analysis

6. Market Background

6.1. Macro-Economic Factors
6.2. Forecast Factors - Relevance & Impact
6.3. Value Chain
6.4. COVID-19 Crisis - Impact Assessment
- 6.4.1. Current Statistics
- 6.4.2. Short-Mid-Long Term Outlook
- 6.4.3. Likely Rebound
6.5. Market Dynamics
- 6.5.1. Drivers
- 6.5.2. Restraints
- 6.5.3. Opportunities

7. Global NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033, By Deployment Type

7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) Analysis By Deployment Type, 2019-2023
7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Deployment Type, 2024-2033
- 7.3.1. Standalone
- 7.3.2. In-Band
- 7.3.3. Guard Band
7.4. Market Attractiveness Analysis By Deployment Type

8. Global NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033, By Device

8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Device, 2019-2023
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Device, 2024-2033
- 8.3.1. Smart Appliances
- 8.3.2. Smart Meters
- 8.3.3. Trackers
- 8.3.4. Alarms & Detectors
- 8.3.5. Wearable Devices
- 8.3.6. Others
8.4. Market Attractiveness Analysis By Device

9. Global NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033, By Industry Vertical

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Industry Vertical, 2019-2023
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Industry Vertical, 2024-2033
- 9.3.1. Agriculture
- 9.3.2. Automotive & Transportation
- 9.3.3. Energy
- 9.3.4. Healthcare
- 9.3.5. Manufacturing
- 9.3.6. Retail
- 9.3.7. Safety & Security
- 9.3.8. Infrastructure & Building Automation
- 9.3.9. Others
9.4. Market Attractiveness Analysis By Industry Vertical

10. Global NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033, by Region

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Region, 2024-2033
- 10.3.1. North America
- 10.3.2. Latin America
- 10.3.3. Europe
- 10.3.4. East Asia
- 10.3.5. South Asia Pacific
- 10.3.6. Middle East and Africa
10.4. Market Attractiveness Analysis By Region

11. North America NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033

11.1. Introduction
11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
11.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 11.3.1. By Deployment Type
- 11.3.2. By Device
- 11.3.3. By Industry Vertical
- 11.3.4. By Country
  - 11.3.4.1. U.S.
  - 11.3.4.2. Canada
11.4. Market Attractiveness Analysis
- 11.4.1. By Deployment Type
- 11.4.2. By Device
- 11.4.3. By Industry Vertical
- 11.4.4. By Country
11.5. Market Trends
11.6. Key Market Participants - Intensity Mapping

12. Latin America NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033

12.1. Introduction
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
12.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 12.3.1. By Deployment Type
- 12.3.2. By Device
- 12.3.3. By Industry Vertical
- 12.3.4. By Country
  - 12.3.4.1. Brazil
  - 12.3.4.2. Mexico
  - 12.3.4.3. Rest of Latin America
12.4. Market Attractiveness Analysis
- 12.4.1. By Deployment Type
- 12.4.2. By Device
- 12.4.3. By Industry Vertical
- 12.4.4. By Country

13. Europe NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
13.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By Deployment Type
- 13.3.2. By Device
- 13.3.3. By Industry Vertical
- 13.3.4. By Country
  - 13.3.4.1. Germany
  - 13.3.4.2. Italy
  - 13.3.4.3. France
  - 13.3.4.4. U.K.
  - 13.3.4.5. Spain
  - 13.3.4.6. BENELUX
  - 13.3.4.7. Russia
  - 13.3.4.8. Rest of Europe
13.4. Market Attractiveness Analysis
- 13.4.1. By Deployment Type
- 13.4.2. By Device
- 13.4.3. By Industry Vertical
- 13.4.4. By Country

14. South Asia & Pacific NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
14.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By Deployment Type
- 14.3.2. By Device
- 14.3.3. By Industry Vertical
- 14.3.4. By Country
  - 14.3.4.1. India
  - 14.3.4.2. Indonesia
  - 14.3.4.3. Malaysia
  - 14.3.4.4. Singapore
  - 14.3.4.5. Australia & New Zealand
  - 14.3.4.6. Rest of South Asia and Pacific
14.4. Market Attractiveness Analysis
- 14.4.1. By Deployment Type
- 14.4.2. By Device
- 14.4.3. By Industry Vertical
- 14.4.4. By Country

15. East Asia NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
15.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By Deployment Type
- 15.3.2. By Device
- 15.3.3. By Industry Vertical
- 15.3.4. By Country
  - 15.3.4.1. China
  - 15.3.4.2. Japan
  - 15.3.4.3. South Korea
15.4. Market Attractiveness Analysis
- 15.4.1. By Deployment Type
- 15.4.2. By Device
- 15.4.3. By Industry Vertical
- 15.4.4. By Country

16. Middle East and Africa NB-IoT Chipset Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
16.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By Deployment Type
- 16.3.2. By Device
- 16.3.3. By Industry Vertical
- 16.3.4. By Country
  - 16.3.4.1. GCC Countries
  - 16.3.4.2. Turkey
  - 16.3.4.3. South Africa
  - 16.3.4.4. Rest of Middle East and Africa
16.4. Market Attractiveness Analysis
- 16.4.1. By Deployment Type
- 16.4.2. By Device
- 16.4.3. By Industry Vertical
- 16.4.4. By Country

17. Key Countries Analysis- NB-IoT Chipset Market

17.1. U.S. NB-IoT Chipset Market Analysis
- 17.1.1. By Deployment Type
- 17.1.2. By Device
- 17.1.3. By Industry Vertical
17.2. Canada NB-IoT Chipset Market Analysis
- 17.2.1. By Deployment Type
- 17.2.2. By Device
- 17.2.3. By Industry Vertical
17.3. Mexico NB-IoT Chipset Market Analysis
- 17.3.1. By Deployment Type
- 17.3.2. By Device
- 17.3.3. By Industry Vertical
17.4. Brazil NB-IoT Chipset Market Analysis
- 17.4.1. By Deployment Type
- 17.4.2. By Device
- 17.4.3. By Industry Vertical
17.5. Germany NB-IoT Chipset Market Analysis
- 17.5.1. By Deployment Type
- 17.5.2. By Device
- 17.5.3. By Industry Vertical
17.6. Italy NB-IoT Chipset Market Analysis
- 17.6.1. By Deployment Type
- 17.6.2. By Device
- 17.6.3. By Industry Vertical
17.7. France NB-IoT Chipset Market Analysis
- 17.7.1. By Deployment Type
- 17.7.2. By Device
- 17.7.3. By Industry Vertical
17.8. U.K. NB-IoT Chipset Market Analysis
- 17.8.1. By Deployment Type
- 17.8.2. By Device
- 17.8.3. By Industry Vertical
17.9. Spain NB-IoT Chipset Market Analysis
- 17.9.1. By Deployment Type
- 17.9.2. By Device
- 17.9.3. By Industry Vertical
17.10. BENELUX NB-IoT Chipset Market Analysis
- 17.10.1. By Deployment Type
- 17.10.2. By Device
- 17.10.3. By Industry Vertical
17.11. Russia NB-IoT Chipset Market Analysis
- 17.11.1. By Deployment Type
- 17.11.2. By Device
- 17.11.3. By Industry Vertical
17.12. Rest of Europe NB-IoT Chipset Market Analysis
- 17.12.1. By Deployment Type
- 17.12.2. By Device
- 17.12.3. By Industry Vertical
17.13. China NB-IoT Chipset Market Analysis
- 17.13.1. By Deployment Type
- 17.13.2. By Device
- 17.13.3. By Industry Vertical
17.14. Japan NB-IoT Chipset Market Analysis
- 17.14.1. By Deployment Type
- 17.14.2. By Device
- 17.14.3. By Industry Vertical
17.15. South Korea NB-IoT Chipset Market Analysis
- 17.15.1. By Deployment Type
- 17.15.2. By Device
- 17.15.3. By Industry Vertical
17.16. India NB-IoT Chipset Market Analysis
- 17.16.1. By Deployment Type
- 17.16.2. By Device
- 17.16.3. By Industry Vertical
17.17. Malaysia NB-IoT Chipset Market Analysis
- 17.17.1. By Deployment Type
- 17.17.2. By Device
- 17.17.3. By Industry Vertical
17.18. Indonesia NB-IoT Chipset Market Analysis
- 17.18.1. By Deployment Type
- 17.18.2. By Device
- 17.18.3. By Industry Vertical
17.19. Singapore NB-IoT Chipset Market Analysis
- 17.19.1. By Deployment Type
- 17.19.2. By Device
- 17.19.3. By Industry Vertical
17.20. Australia and New Zealand NB-IoT Chipset Market Analysis
- 17.20.1. By Deployment Type
- 17.20.2. By Device
- 17.20.3. By Industry Vertical
17.21. GCC Countries NB-IoT Chipset Market Analysis
- 17.21.1. By Deployment Type
- 17.21.2. By Device
- 17.21.3. By Industry Vertical
17.22. Turkey NB-IoT Chipset Market Analysis
- 17.22.1. By Deployment Type
- 17.22.2. By Device
- 17.22.3. By Industry Vertical
17.23. South Africa NB-IoT Chipset Market Analysis
- 17.23.1. By Deployment Type
- 17.23.2. By Device
- 17.23.3. By Industry Vertical
17.24. Rest of Middle East and Africa NB-IoT Chipset Market Analysis
- 17.24.1. By Deployment Type
- 17.24.2. By Device
- 17.24.3. By Industry Vertical

18. Market Structure Analysis

18.1. Market Analysis by Tier of Companies
18.2. Market Share Analysis of Top Players
18.3. Market Presence Analysis

19. Competition Analysis

19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Competition Deep Dive
- 19.3.1. Huawei Technologies Co., Ltd.
  - 19.3.1.1. Business Overview
  - 19.3.1.2. Product Portfolio
  - 19.3.1.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.1.4. Key Strategy & Developments
- 19.3.2. Qualcomm Technologies Co., Ltd.
  - 19.3.2.1. Business Overview
  - 19.3.2.2. Product Portfolio
  - 19.3.2.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.2.4. Key Strategy & Developments
- 19.3.3. Intel Corporation
  - 19.3.3.1. Business Overview
  - 19.3.3.2. Product Portfolio
  - 19.3.3.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.3.4. Key Strategy & Developments
- 19.3.4. ARM Holdings AG
  - 19.3.4.1. Business Overview
  - 19.3.4.2. Product Portfolio
  - 19.3.4.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.4.4. Key Strategy & Developments
- 19.3.5. u-Blox Holding AG
  - 19.3.5.1. Business Overview
  - 19.3.5.2. Product Portfolio
  - 19.3.5.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.5.4. Key Strategy & Developments
- 19.3.6. SEQUANS
  - 19.3.6.1. Business Overview
  - 19.3.6.2. Product Portfolio
  - 19.3.6.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.6.4. Key Strategy & Developments
- 19.3.7. Altair Semiconductor
  - 19.3.7.1. Business Overview
  - 19.3.7.2. Product Portfolio
  - 19.3.7.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.7.4. Key Strategy & Developments
- 19.3.8. Nordic Semiconductor
  - 19.3.8.1. Business Overview
  - 19.3.8.2. Product Portfolio
  - 19.3.8.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.8.4. Key Strategy & Developments
- 19.3.9. Quectel Wireless Solutions
  - 19.3.9.1. Business Overview
  - 19.3.9.2. Product Portfolio
  - 19.3.9.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.9.4. Key Strategy & Developments
- 19.3.10. Sierra Wireless
  - 19.3.10.1. Business Overview
  - 19.3.10.2. Product Portfolio
  - 19.3.10.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.10.4. Key Strategy & Developments