Narrowband Internet-of-Things (IoT) Chipset Market to Reach USD 2.2 Billion by 2031 |Transparency Market Research Inc.

The Narrowband Internet-of-Things (NB-IoT) chipset market (狭帯域IoT（NB-IoT）チップセット市場) has seen substantial growth from 2021 to 2031, fueled by the expanding adoption of IoT devices and the increasing need for low-power, wide-area network solutions. NB-IoT technology is designed to offer reliable connectivity for IoT devices with minimal power consumption and enhanced indoor coverage, making it ideal for a wide range of applications.

Narrowband Internet-of-Things (IoT) Chipset is estimated to attain a valuation of US$ 2.2 Bn by the end of , states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 23.4% during the forecast period, 2021-2031

𝐓𝐨 𝐯𝐢𝐞𝐰 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐜𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23879

Rising demand for deployment of smart meters and adoption of smart city concept in countries such as India, China, and Singapore are expected to be key drivers for the narrowband Internet-of-Things (IoT) chipset market. Countries such as South Korea and China are estimated to further stimulate the market for narrowband IoT chipsets in the region, owing to the presence of several manufacturers.

The significant players operating in the global Narrowband Internet-of-Things (IoT) Chipset market are:

Market Segmentation

Deployment
Guard-band
In-band
Standalone

Application

Smart Meters
Wearables
Trackers
Vehicle Telematics
Smart Cities
Building Automation
Smart Appliances
Other Devices (Healthcare Devices and Environment Monitoring Devices)

By Region:

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Market Drivers and Challenges

Market Drivers:

Increasing deployment of smart city projects.
Rising demand for low-power, wide-area network solutions.
Growing adoption of connected devices and IoT applications.
Advancements in NB-IoT technology.
Government initiatives supporting IoT deployment.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦 𝐇𝐞𝐫𝐞: https://www.transparencymarketresearch.com/narrowband-internet-of-things-chipset-market.html

Market Challenges:

High initial deployment costs.
Security and privacy concerns related to IoT devices.
Interoperability issues with existing IoT systems.
Limited availability of spectrum for NB-IoT technology.
Regulatory and standardization challenges.

Market Trends

Increasing focus on energy-efficient IoT solutions.
Growing adoption of NB-IoT in smart agriculture and environmental monitoring.
Expansion of NB-IoT networks by telecom operators.
Development of integrated NB-IoT chipsets with enhanced features.
Rising investments in research and development for IoT technologies.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

Warehouse Robotics Market (سوق الروبوتات المستودعات) - https://www.prnewswire.com/news-releases/elevated-deployment-amidst-covid-19-accentuates-warehouse-robotics-market-valuation-of-us-9-579-3-mn-estimated-by-2027-tmr-301130050.html

Flexible Display Market (Markt für flexible Displays) - https://www.accesswire.com/712809/Flexible-Display-Market-Size-worth-2426-Billion-by-2031-CAGR-331--TMR-Study

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

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