Narrowband IoT (NB-IoT) Chipset Market Report Includes Dynamics, Products, and Application 2017 - 2032

Narrowband IoT (NB-IoT) Chipset Market size was valued at USD 182 Million in 2021 and is projected to reach USD 1422 Million by 2030, growing at a CAGR of 33.12% from 2022 to 2030.

A wide range of the most recent IoT products and services were changed by the development of the low power wide space (LPWA) technology known as narrowband IoT. The technology securely and consistently manages modest volumes of sporadic two-way communication. User device power usage, system capabilities, and spectrum potency are all considerably improved by narrowband IoT. Wearables, utilities, industrial solutions, and good parking are just a few of the products and technologies that are made possible by technology. Narrowband IoT has a reputation for stability and enables simultaneous connection to a large number of devices while consuming less power. For carriers, device manufacturers, and business users, narrowband IoT makes sense.

Hardware elements known as NB-IoT chipsets are necessary to enable both an NB-IoT network and a Low-Power Wide-Area Network (LPWAN). The demand for NB-IoT networks and chipsets has grown significantly around the world, especially in rising nations like India, China, and Mexico, as awareness of the benefits of IoT and its penetration has increased.

It is anticipated that NB-IoT will experience rapid expansion since it is a significant component of cellular IoT and enables an IoT M2M environment even in the absence of the Internet. Due of this, government agencies from several nations have also launched projects in partnership with telecom service providers like Vodafone.

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Global Narrowband IoT (NB-IoT) Chipset Market: Major Players
Sercomm
Altair Semiconductor
MediaTek
Cheerzing
Sierra Wireless
Samsung
ZTE
SIMCom
Huawei
Qualcomm
Sequans Communications
Nordic Semiconductor

Global Narrowband IoT (NB-IoT) Chipset Market: Types
Software
Hardware
Services

Global Narrowband IoT (NB-IoT) Chipset Market: Applications
Energy and Utility,
Healthcare, retail
Agriculture
Transportation
Logistics
Others

Global Narrowband IoT (NB-IoT) Chipset Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Narrowband IoT (NB-IoT) Chipset market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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• Market segmentation based on qualitative and quantitative analysis, taking into account both economic and non-economic aspects.
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• Identifies the area and market segment anticipated to experience the quickest growth and hold the majority of the market.
• Analysis by geography showcasing product/service usage in the region and highlighting the market dynamics affecting each region.
• A competitive landscape that takes into account recent service/product launches, collaborations, company expansions, and acquisitions by the companies profiled, as well as the market share of the leading players.
• Comprehensive company profiles for the top players in the industry, including business overviews, corporate insights, product benchmarking, and SWOT analyses

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Key Questions Answered in This Report:
• How has the global Market performed so far and how will it perform in the coming years?
• What are the key regional Markets?
• What has been the impact of COVID-19 on the global Market?
• What is the breakup of the Market based on the type?
• What is the breakup of the Market based on the application?
• What is the breakup of the Market based on the manufacturing process?
• What is the breakup of the Market based on the price range?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global Market and who are the key players?
• What is the degree of competition in the industry?

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