Narrowband Internet-of-Things (IoT) Chipset Market - Industry Analysis and Forecast Till 2025

Narrowband IoT refers to a low power wide area network technology that has been developed to enable network connectivity between a wide variety of devices and services. Narrowband IoT connects devices in a simpler and more efficient manner in an already recognized mobile network. It handles small amount of fairly irregular 2-way transmission data in a more secure and reliable manner. The technology is being considered most suitable for communicating with devices that require small volumes of data over long periods of time, typical of devices connected in IoT networks.

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NB-IoT provides features such as very low consumption of power, excellent range in underground sites and buildings, easy deployment in existing cellular networks, and lower cost of component. With the rising adoption of the IoT technology in application areas such as smart metering, smart homes, and smart appliances, the demand for NB-IoT chipsets has also increased significantly across the globe. The trend is expected to remain strong over the next few years and the demand for narrowband IoT chipsets is expected to rise at an exponential pace.

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Transparency Market Research estimates that the market will exhibit a staggering 37.9% CAGR from 2017 to 2025, rising from a valuation of US$45.0 mn in 2016 to US$793.7 mn by 2025.

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Guardband Mode of Deployment to Witness Strong Demand

In terms of deployment, the global market for NB-IoT chipset is segmented in the report into standalone, guardband, and inband. Of these, the segment of guardband dominated the global market in 2016, accounting for a massive 41.9% share. Guardband is also expected to remain the most preferred mode of deployment of NB-IoT chipsets as this method helps avoid interference between simultaneous communication channels and prevent crosstalk between two different frequency ranges. The segment is expected to exhibit a promising 38.8% CAGR from 2017 to 2025, retaining its position as the leading contributor of revenue to the global market.

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