Global Narrowband IoT Chipset Market 2017-2021

The infographic below contains key findings from our analysis of the narrowband IoT chipset market

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Overview of the global narrowband IoT chipset market

According to our analysis of the global narrowband IoT chipset market, the increasing adoption of M2M communication will be one of the major factors that will have a positive impact on the market’s growth during the next few years. 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 200kHz spectrum. NB-IoT modules also have a battery life of 10 years. Technavio’s market research analysts have predicted that the narrowband IoT chipset market size will grow by more than USD 103 million by 2021.

In terms of geography, Americas generated major revenue in 2016. The region witnessed a presence of the existing infrastructure prevents the need for new towers to be constructed, which reduces the initial investment required. Additionally, the increasing investments in enhancing the LTE infrastructure will improve the LTE infrastructure will allow NB-IoT chipsets to be deployed easily, which will drive the growth of the market.

Competitive landscape and key vendors

Though the market appears to be concentrated with the presence of a few established companies, the competitive environment is quite intense. The major vendors have developed NB-IoT chipsets, new players are entering the market, owing to the increasing applications of the NB-IoT technology. The players in the market are investing heavily in the R&D to develop NB-IoT chipsets, which can be used for a variety of applications such as smart meters, smart parking, smart cities, agriculture, and environmental monitoring.

The leading vendors in the market are:

• Ericsson
• Huawei Technologies
• Intel
• NORDIC SEMICONDUCTOR
• SEQUANS
• u-blox

The other prominent vendors in the market are Altair Semiconductor, CommSoild, Nokia, Qualcomm Technologies, SAMSUNG, and Vodafone.

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Segmentation by application and analysis of the narrowband IoT chipset market

• Consumer
• Smart meters
• Smart buildings
• Agriculture/environment
• Automotive

During 2016, the consumer segment accounted for the major shares of this market. Smart white goods have become an integral part of domestic households as they enable day-to-day activities such as cooking, cleaning, and washing more efficiently. The growing need to integrate the chips into these white goods for tracking purposes will drive the market growth.

Segmentation by deployment type and analysis of the narrowband IoT chipset market

• Standalone
• Guard band
• In- band

The standalone segment will account for the highest market growth in the forecast period. The standalone type of deployment is a technique that uses a new bandwidth for the deployment. The expansion in the industrial base mainly from the countries such as China, the US, and India. The companies in the market are investing heavily in industrial expansion across various industries such as chemical and oil and gas. NB-IoT chipsets will be integrated into smart meters that are deployed across manufacturing and industrial sites to measure the electricity and water consumption.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global narrowband IoT chipset market?
• What are the key market trends impacting the growth of the global narrowband IoT chipset market?
• What are the challenges to market growth?
• Who are the key vendors in the global narrowband IoT chipset market?
• What are the market opportunities and threats faced by the vendors in the global narrowband IoT chipset market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global narrowband IoT chipset market?

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