The key driving forces of the global narrowband IoT (NB-IoT) chipset industry are rise in adoption of IoT devices and surge in penetration of cellular IoT networks. However, availability of alternative low power wide area (LPWA) technologies such as long-term evolution machine type communication (LTE-M) hampers the adoption of NB-IoT technology, thereby restraining the global market growth.
Moreover, NB-IoT can be used only low-speed applications, which limits its use in high-speed applications, thus acting as a major barrier for the narrowband IoT (NB-IoT) chipset market growth. On the contrary, increase in trend of smart cities to enhance sustainable development is anticipated to create lucrative opportunities for the market growth during the forecast period.
Download Sample Report (Get Full Insights in PDF – 358 Pages) at: https://www.alliedmarketresearch.com/request-sample/10211
The hardware segment was the highest contributor to the market in 2020, owing to higher rate of adoption of NB-IoT chipset. The guard segment acquired a prominent share in the market in 2020, as NB-IoT accommodates bandwidth reserved in the guard band of existing LTE networks.
By application, the alarms & detectors segment acquired maximum share in 2020, owing to higher demand for alert systems. In addition, the infrastructure garnered significant share in 2020, owing to the development of smart cities.
The global lockdown has negatively impacted the potential demand for infrastructure projects of highways, streets, and smart cities around the globe. The disruption due to pandemic resulted in declined investments in smart cities, installation of smart meter, or smart street lighting.
Moreover, significant decline has been witnessed in the automotive & transportation sector due to unavailability of raw materials and workers. However, the NB-IoT chipset market growth is expected to regain with increasing vaccination drive globally.
Region wise, Asia-Pacific holds a significant share in the global narrowband IoT (NB-IoT) chipset market. China holds major market share, owing to increase in investments to develop NB-IoT networks.
China is predicted to lead the NB-IoT chipset market, due to the presence of leading mobile operators such as China Unicom and Huawei Technologies.
The key players profiled in the report include Huawei Technologies Co. Ltd. (China), Qualcomm Incorporated (U.S.), Intel Corporation (U.S.), Nordic Semiconductor (Norway), Sanechips Co. Ltd. (China), Samsung Group (South Korea), MediaTek Inc. (Taiwan), Sercomm Corporation (Taiwan), u-blox Holding AG (Switzerland), and Sequans Communications S.A.(France).
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/10211
Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the narrow band IoT (NB-IoT) chipset industry.
Key Findings Of The Study
- In 2020, the hardware segment accounted for maximum revenue, and is projected to grow at a notable CAGR of 52.1% during the forecast period.
- The alarms & detectors segment garnered more than 25% of the narrow band IoT (NB-IoT) chipset market share in 2020.
- The healthcare segment is projected to grow at a CAGR of 54.4% during the forecast period.
- Asia-Pacific contributed major share in the narrow band IoT (NB-IoT) chipset market, accounting for more than 35.0% share in 2020.
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter