Narrow band IOT CHIP

Narrowband Internet of Things chipset Market - Global
Industry Insights Opportunity Analysis, 2017–2025
Narrowband internet of things is a low power wide area network technology specially
developed for IOT devices, which requires small amount of data for long time. According to
International Energy Agency (IEA), which works to ensure reliable, affordable, and clean
energy for its 29 member countries estimated that, 14 billion network devices will be enabled
globally by 2020. These devices are connected for cost saving, remote control, and many
more. Moreover, increasing innovation in IOT services and hardware offers an opportunity to
generate a new revenue. For instance, internet connected wearable glasses are used for
industrial application, control of IOT application from smart phones, and tablets etc. Hence,
this increasing IOT devices and rising IOT innovation are some of the key factors, which
drives the narrowband IOT chipset market globally.
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Narrowband Internet of Things Chipset Market Taxonomy
On the basis of devices, the global narrowband internet of things chipset market is classified
into:
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Trackers
Wearable Devices
Smart Appliances
Smart Metering
○ Smart Electric
○ Smart Gas
○ Smart Water
● Alarms and Detectors
● Other
Alarm and detectors device segment held the dominating position in 2016 and is projected to
maintain its dominance over the forecast period. Moreover, the tracker device segment is
expected to grow with largest CAGR in the forecast period. Due to increasing fraudulent
activities, the companies have adopted tracking devices, which provides real-time location of
the vehicle and shipments
On the basis of deployment type, the global narrowband internet of things chipset market is
classified into:
● Guard Band
● In-band
● Standalone
On the basis of end-use industry, the global narrowband internet of things chipset market is
classified into:
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●
●
●
●
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●
●
●
Agriculture
Automotive & Transportation
Building Automation
Energy
Healthcare
Infrastructure
Retail
Safety & Security
Others
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Infrastructure segment held the dominating position in 2016 and is projected to maintain its
dominance throughout the forecast period. Increasing safety concern has become one of the
major factors for the growth of the market in infrastructure segment. Adoption of alarm and
detector by various industries fuels the market of narrowband IOT chipset globally.
Moreover, the automotive and transportation segment is expected to grow with largest CAGR
over the forecast period. Increasing installation of vehicle infotainment and telematics
application has increased the narrowband IOT chipset market in automotive and
transportation segment.
Narrowband Internet of Things Chipset Market Outlook – Asia Pacific holds significant
market share
On the basis of geography, global narrowband internet of things chipset market is segmented
into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North
America narrowband internet of things chipset market held the dominant position in 2016 and
is projected to retain dominance over the forecast period. The U.S and Canada are some of
the major countries which drive the market in North America region. According to the
SmartAmerica Challenge, increasing support of the U.S government and investment for the
adoption of IOT technology in various industries such as utilities, manufacturing, and
healthcare are providing a key growth opportunities for narrowband internet of things market
in the U.S. The Asia Pacific narrowband IOT chipset market is projected to increase with
largest CAGR in the forecast period. India, china, and Japan are some of the major countries
driving the market in Asia Pacific region. The investment for smart city projects by the Asia
Pacific countries has become one of the major driving factors for growth of the market in the
region.
Key Players in the Global Narrowband Internet of Things Chipset Market
Key players operating global narrowband internet of things chipset market include Vodafone
Group PLC, Verizon Communications, U-Blox Holding AG, Samsung Electronics,
Qualcomm Incorporated, Nokia Corporation, Mistase Communication System, Intel
Corporation, Huawei Technologies Co. Ltd., and Ericsson.
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Narrowband Internet of Things (IoT) chipset Market categorizes global market by devices by Deployment Type (Guard Band, In-band, Standalone), by End-users and Geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

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