Global Narrowband IoT Chipset Market to Grow 60.85% CAGR to 2021 – Analysis of Ericsson, Huawei Technologies, Intel, NORDIC SEMICONDUCTOR, SEQUANS, and u-blox

MarketResearchNest.com adds “Global Narrowband IoT Chipset Market 2017-2021” new reports to its research database. The report spread across 105 pages with tables and figures in it.

The research analysts forecast the global narrowband IoT chipset market to grow at a CAGR of 60.85% during the period 2017-2021.

Narrowband Internet of Things (NB-IoT) is a low-power wide area (LPWA) technology that allows the connection of several devices across cellular telecommunications bands. NB-IoT is a low-power technology, and it is primarily used in applications and devices that operate at lower data rates. This technology also ensures a higher battery life of devices. The NB-IoT module, which incorporates the NB-IoT chipset, can operate for over 10 years with a single-cell primary battery. Although the LPWA market was developed over a decade ago, the technologies associated with it, such as SigFox and LoRa, did not have any formal standards. These technologies are expensive due to the high maintenance cost and have poor reliability and fewer security features. The introduction of NB-IoT in the LPWA market is a major development, and NB-IoT is expected to be one of the biggest areas of interest and development during the forecast period.

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Technavio recognizes the following companies as the key players in the global narrowband IoT chipset market: Ericsson, Huawei Technologies, Intel, NORDIC SEMICONDUCTOR, SEQUANS, and u-blox

Other Prominent Vendors in the market are: Altair Semiconductor, CommSoild, Nokia, Qualcomm Technologies, SAMSUNG, and Vodafone.

The latest trend gaining momentum in the market is Deployment of the NB-IoT technology in airports. A major trend identified by Technavio is the deployment of NB-IoT in airports. Airports are adopting several intelligent systems and technologies to transition to smart airports. A smart airport involves the integration of several sensors and communication technologies to allow the seamless exchange of data between machines, as well as consumers. One of the major focus areas is to improve passenger processing at different checkpoints. Airports are looking at expanding their IT infrastructure to accommodate kiosks and other processing techniques to shorten the waiting time of the passengers. Therefore, there is a need to deploy an efficient communication technology, which will allow the interconnection of different areas in the airport.

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According to the report, one of the major drivers for this market is Increasing adoption of M2M communication. M2M communication is the communication that is required for the exchange of information between devices without any manual assistance. Sensors are integrated into a machine, and these sensors are used to obtain data and record information. The NB-IoT technology is steadily replacing the conventional M2M channel technologies, such as Bluetooth, DSL, and WLAN, for applications (including smart meters and smart parking) that require low data rates and long-range connectivity. The M2M connections required for smart meters, smart parking, smart agriculture, and smart buildings have low data rates. Therefore, they require a technology that has been built to support low data rates. The NB-IoT technology, therefore, is an ideal choice; it works at low data rates (10s of kbps) and also in the 200 kHz spectrum. NB-IoT modules also have a battery life of 10 years.

Further, the report states that one of the major factors hindering the growth of this market is Growth of LTE-M. The LTE-M technology has been developed to allow IoT devices to connect to a 4G network. LTE-M is an upcoming technology, and its growth can have drastic impacts on the sales of NB-IoT chipsets. The NB-IoT technology has several interoperability issues, which have limited its growth. These challenges have been overcome by the LTE-M standard. Also, there are marginal differences in the price and battery performance. LTE-M has a high performance efficiency and is highly flexible. LTE-M also supports data rates of around 100 kbps, and there is a lower service cost involved as it can be deployed in the present carriers that are available. LTE-M can be deployed on the existing 4G networks, which reduces the infrastructure costs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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