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Global NB-IoT Chipset Market Analysis & Forecasts 2019-2024 - Verizon, T-Mobile, AT&T, and Bell Canada are the Key Players in North America - ResearchAndMarkets.com

May 8, 2019

DUBLIN--(BUSINESS WIRE)--May 8, 2019--The “Narrowband IoT (NB-IoT) Chipset Market by Device (Smart Meters, Smart Parking, Smart Street lighting), Deployment Type, Vertical and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The NB-IoT chipset market is expected to grow from USD 272 million in 2019 to USD 2,002 million by 2024 at a CAGR of 49.1%.

Growing adoption of IoT and an increase in the use of connected devices, and rising demand for low-power, low-cost, and long-range connectivity technologies are the key drivers for the growth of this market. Increasing participation of industry players in the development of NB-IoT and widening applications of NB-IoT technology are the other factors fueling the growth of this market. However, stiff competition from other LPWA technologies, and privacy and security concerns are among the major factors restraining the growth of the NB-IoT chipset market.

Stand-alone deployment to witness highest CAGR in market during forecast period

In the stand-alone deployment type, NB-IoT is deployed in a dedicated frequency band. The stand-alone deployment type utilizes new bandwidth instead of sharing the existing LTE bandwidth. It is considered as an option when LTE is deployed in a higher band and GSM is still in use to provide coverage for basic services. Moreover, with the growth in the number of NB-IoT-connected devices, the standalone deployment technique, utilizing new bandwidth, is likely to be used.

Smart Meters to hold largest market followed by smart parking in NB-IoT chipset market

The growing adoption of water, gas, and electricity smart meters; and favorable government reforms are boosting the implementation of smart meters across the world. Moreover, the demand for long battery life, and low and intermittent data transmission have fueled the adoption of NB-IoT technology for smart metering devices. Moreover, increasing adoption of NB-IoT technology for smart parking application is accelerating its market growth. For instance, in January 2018, Deutsche Telekom (Germany) started deployment of NB-IoT-enabled devices to improve the smart parking system across Hamburg. The company plans to roll-out 11,000 sensors by the end of 2019.

Energy & utilities to hold largest market size during forecast period followed by infrastructure

Energy and utilities is expected to hold the largest size of NB-IoT chipset market based on vertical during the forecast period. Massive adoption of NB-IoT-enabled smart meters is driving the growth of this market. Favorable federal mandates in various countries are further driving the growth of the NB-IoT-enabled smart meters. Moreover, IoT applications such as smart parking and smart streetlights, and industry trends such as smart city spread across the world are driving the growth of the NB-IoT chipset market for the infrastructure vertical.

North America to witness highest CAGR in overall market from 2018 to 2024

Growing adoption of NB-IoT technology in the region and developed IT infrastructure is expected to boost the growth of this market in this region. Moreover, established LTE-M network and availability of dual-mode NB-IoT chipsets offering CAT-M1 and CAT-NB1/NB2 connectivity are expected to complement the growth of NB-IoT chipsets in the region. Verizon (US), T-Mobile (US), AT&T (US), and Bell Canada (Canada) are expected to be the key NB-IoT services providers in the region. Furthermore, increasing participation of key industry players such as Qualcomm (US) and Nordic Semiconductor (Norway) to build dual-mode-only chipsets is expected to complement the growth of NB-IoT in Europe and North America.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in NB-IoT Chipset Market

4.2 NB-IoT Chipset Market in APAC, By Device and Country

4.3 NB-IoT Chipset Market, By Vertical

4.4 NB-IoT Chipset Market, By Geography

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers Growing Adoption of IoT and Rise in Use of Connected Devices Rising Demand for Low-Power, Low-Cost, and Long-Range Connectivity Technologies Increasing Participation of Industry Players in Development of NB-IoT Widening Applications of NB-IoT Technology

5.2.2 Restraints Stiff Competition From Other Lpwa Technologies Privacy and Security Concerns

5.2.3 Opportunities Emerging Smart Cities and Smart Buildings

5.2.4 Challenges Long-Tail Ecosystem Consisting of Chipsets, Modules, Devices, and Application Platforms Limited to Low-Speed Data Transmission Applications

5.3 Case Studies

5.3.1 Las Vegas Smart City

5.3.2 China Mobile Deploys Electric Smart Metering

5.3.3 U-Blox Brings NB-IoT in Brazil

5.3.4 University of St. Andrews Developing New Smart Tags to Track Seals Using NB-IoT

6 NB-IoT Chipset Market, By Deployment Type

6.1 Introduction

6.2 Stand-Alone

6.3 Guard Band

6.4 In-Band

7 NB-IoT Chipset Market, By Device

7.1 Introduction

7.2 Smart Parking

7.3 Smart Meters

7.4 Trackers

7.5 Alarms and Detectors

7.6 Smart Streetlights

7.7 Smart Appliances

7.8 Wearable Devices

7.9 Other Devices

8 NB-IoT Chipset Market, By Vertical

8.1 Introduction

8.2 Agriculture

8.3 Automotive and Transportation

8.4 Energy and Utilities

8.5 Healthcare

8.6 Manufacturing

8.7 Safety and Security

8.8 Infrastructure

8.9 Building Automation

8.10 Consumer Electronics

9 Geographic Analysis

9.1 Introduction

9.2 North America

9.3 Europe

9.4 APAC

9.5 RoW

10 Competitive Landscape

10.1 Overview

10.2 Market Player Ranking Analysis (2018)

10.3 Competitive Leadership Mapping

10.3.1 Visionary Leaders

10.3.2 Dynamic Differentiators

10.3.3 Innovators

10.3.4 Emerging Companies

10.4 Competitive Scenario

10.4.1 Product Launches

10.4.2 Product Developments

10.4.3 Partnerships and Collaborations

11 Company Profiles

11.1 Key Players

11.1.1 Huawei

11.1.2 Qualcomm

11.1.3 Nordic Semiconductor

11.1.4 Samsung Electronics

11.1.5 Intel

11.1.6 Sanechips Technology (ZTE Microelectronics)

11.1.7 Mediatek

11.1.8 Altair Semiconductor (A Sony Group Company)

11.1.9 Commsolid (A Goodix Company

11.1.10 Riot Micro

11.2 Other Key Players

11.2.1 Sierra Wireless

11.2.2 U-Blox

11.2.3 Sequans Communications

11.2.4 GCT Semiconductor

11.2.5 Xiamen Cheerzing IoT Technology

11.2.6 Telit

11.2.7 Quectel Wireless Solutions

11.2.8 Simcom Wireless Solutions (A Sunsea Aiot Company)

11.2.9 Gemalto

11.2.10 Sercomm

For more information about this report visit https://www.researchandmarkets.com/r/gwnd9h

View source version on businesswire.com:https://www.businesswire.com/news/home/20190508005396/en/

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Related Topics:Internet of Things and M2M



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