NB-IoT Chipset: The Future of Cellular IoT!!! Market Size, Share, Trends, Growth and Future Opportunities 2021-2027

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. This helps improves the power consumption, spectrum efficiency, and system capacity of user devices. The battery life of these devices is expected to be more than ten years. Initial costs of NB-IoT chipsets are similar to GSM and GPRS. Its cost is expected to decrease as demand increases.

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Narrowband IoT (NB-IoT) Chipset: Key Features

· NB-IoT is compatible with all networks, mobile devices, chipsets.
· It provides privacy and security in authentication, confidentiality, identification of mobile networks.
· Easy to use and provides a wide range for low power Cellular-IoT applications

Narrowband IoT (NB-IoT) Chipset: Applications

· Smart Meters
· Smart Parking
· Alarms and Detectors
· Trackers
· Wearable Devices

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.

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).

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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.

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