Global NB-IoT Chipset Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global NB-IoT Chipset Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Narrowband Internet of Things (NB-IoT) is a cellular low power wide area network (LPWAN) radio technology standard developed by the 3GPP Telecommunication Standardization Institute. NB-IoT is a versatile connection technology with extremely low power consumption, excellent expansion in buildings and underground, high security and reliability, and low component cost.

The NB-IoT chipset consumes less power and is deployed in a variety of applications such as smart meters, facility management services, fire alarms, personnel tracking, connecting industrial equipment and more.

Market Overview:

The latest research study on the global NB-IoT Chipset market finds that the global NB-IoT Chipset market reached a value of USD 8319.36 million in 2022. It’s expected that the market will achieve USD 27401.17 million by 2028, exhibiting a CAGR of 21.98% during the forecast period.

Challenges

Firstly, LTE-M has a slightly higher data rate than NB-IoT and EC-GSM-IoT. It is able to transmit fairly large chunks of data. Potential applications include tracking objects, energy management, and utility metering; this technology could also be used in city infrastructure and wearable devices.

Secondly, LTE-M cost is less than NB-IoT for cellular carrier like Verizon or AT&T who have the infrastructure of LTE networks. They only have to upload new software onto its base stations to enable LTE-M, and won’t have to spend any money on new antennas. Therefore, for large and old carriers, they are more likely to use LTE-M.

USA Network service providers, like AT&T, Ericsson and Nokia, have a vested interest in supporting LTE-M first because they can upgrade the existing towers more inexpensively—only new base station software is required to deploy LTE-M. Huawei is one of the world’s largest telecommunications infrastructure providers, has an established presence in NB-IoT. And it is the primary vendor of the underlying chips and base station. U.S. companies are currently banned from buying Huawei equipment. Therefore, the consumption of NB-IoT Chipset in USA decreases a lot.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are HiSilicon (Huawei Technologies), Qualcomm Technologies, and Mediatek with the revenue market share of 46.76%, 19.84%, and 12.87% in 2018.

HiSilicon Technologies Co. Ltd. manufactures semiconductor products. The Company designs, develops, produces, and provides network monitoring chips, video-phone chips, and other chips for wireless networks, fixed networks, and digital media fields. HiSilicon Technologies also offers technology solutions.

QUALCOMM Incorporated manufactures digital wireless communications equipment. The Company licenses its code division multiple access (CDMA) and orthogonal frequency division multiplexing access intellectual property to other companies and produces CDMA-based integrated circuits, as well as equipment and software used to track workers, assets, and software for wireless content enablement.

Segmentation Overview:

Among different product types, Standalone segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Consumer segment occupied the biggest share from 2018 to 2022.

Key Companies in the global NB-IoT Chipset market covered in Chapter 3:

Mediatek
Nordic Semiconductor
Sequans
Nesslab
Riot Micro
Altair Semiconductor
GCT Semiconductor
CEVA
Sanechips Technology (ZTE)
HiSilicon (Huawei Technologies)
Arm Limited
Samsung
CommSoild (Goodix)
Qualcomm Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the NB-IoT Chipset market from 2018 to 2029 is primarily split into:

Standalone
Guard Band
In-band

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the NB-IoT Chipset market from 2018 to 2029 covers:

Consumer
Smart Meters
Smart Buildings
Agriculture/Environment
Automotive
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)