Press release
Global Narrowband IoT Chipset Market, Size, Trends, Business Strategies 2025-2032
Need for low-power consumption and low cost is expected to drive the NB-IoT market. This report provides a deep insight into the global Narrowband IoT Chipset market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit.
Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Narrowband IoT Chipset Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
Narrowband IoT Chipset Market Analysis:
The Global Narrowband IoT Chipset Market size was estimated at USD 68 million in 2023 and is projected to reach USD 2461.42 million by 2032, exhibiting a CAGR of 49.00% during the forecast period. North America Narrowband IoT Chipset market size was estimated at USD 35.73 million in 2023, at a CAGR of 42.00% during the forecast period of 2025 through 2032.
To Read Full Market Report-
https://semiconductorinsight.com/report/global-narrowband-iot-chipset-market/
Narrowband IoT Chipset Key Market Trends :
Rapid Adoption of Smart Infrastructure The increasing use of smart meters, smart grids, and intelligent transportation is driving the demand for NB-IoT chipsets.
Advancements in Low-Power Wide-Area (LPWA) Technology The evolution of LPWA technologies is enabling better connectivity, lower power consumption, and wider coverage, boosting the NB-IoT market.
Integration of 5G with NB-IoT The convergence of NB-IoT with 5G networks is enhancing IoT applications in industrial automation, healthcare, and smart cities.
Growing Investments in IoT Infrastructure Governments and enterprises are investing heavily in IoT-based solutions, accelerating the growth of the NB-IoT chipset market.
Expansion of IoT in Emerging Markets The rising adoption of IoT applications in Asia-Pacific and Latin America is creating significant growth opportunities for NB-IoT chipsets.
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Narrowband IoT Chipset Market Regional Analysis
North America:
Strong demand driven by EVs, 5G infrastructure, and renewable energy, with the U.S. leading the market.
Europe:
Growth fueled by automotive electrification, renewable energy, and strong regulatory support, with Germany as a key player.
Asia-Pacific:
Dominates the market due to large-scale manufacturing in China and Japan, with growing demand from EVs, 5G, and semiconductors.
South America:
Emerging market, driven by renewable energy and EV adoption, with Brazil leading growth.
Middle East & Africa:
Gradual growth, mainly due to investments in renewable energy and EV infrastructure, with Saudi Arabia and UAE as key contributors.
Narrowband IoT Chipset Market Segmentation
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Huawei (China)
Qualcomm (US)
Samsung (South Korea),
Nordic Semiconductor (Norway)
Altair Semiconductor (Sony Group Company) (Israel)
Cheerzing (China)
Sercomm (Taiwan)
SIMCom (China)
Sequans Communications (France)
Sierra Wireless (Canada)
u-blox (Switzerland)
ZTE (China)
RDA (China)
MediaTek (Taiwan)
Market Segmentation (by Type)
Hardware Devices
Software
Service
Market Segmentation (by Application)
Energy & Utilities
Infrastructure
Building Automation
Other
Claim Your Free Sample Report
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FAQs
Q: What are the key driving factors and opportunities in the NB-IoT chipset market?
A: The demand for low-power IoT devices, smart city applications, and telecom investments are major drivers. Opportunities lie in smart agriculture, healthcare, and connected vehicles.
Q: Which region is projected to have the largest market share?
A: Asia-Pacific is expected to dominate the market due to rapid industrialization, IoT adoption, and government initiatives supporting smart infrastructure.
Q: Who are the top players in the global NB-IoT chipset market?
A: Leading companies include Huawei, Qualcomm, Samsung, Nordic Semiconductor, MediaTek, Sierra Wireless, and u-blox.
Q: What are the latest technological advancements in the industry?
A: Key advancements include the integration of NB-IoT with 5G, improved LPWA networks, and enhanced security protocols for IoT applications.
Q: What is the current size of the global NB-IoT chipset market?
A: The market was valued at USD 68 million in 2023 and is projected to reach USD 2461.42 million by 2032, growing at a CAGR of 49.00%.
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About Semiconductor Insight:
Established in 2016, Semiconductor Insight specializes in providing comprehensive semiconductor industry research and analysis to support businesses in making well-informed decisions within this dynamic and fast-paced sector. From the beginning, we have been committed to delivering in-depth semiconductor market research, identifying key trends, opportunities, and challenges shaping the global semiconductor industry.
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