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Global NarrowBand Internet of Things Chipset Market By Deployment (Stand-Alone, In-Bond, Others), By Device (Smart Parking, Smart Meters, Others), By End-Users (Energy & Utilities, Others), By Region, Forecast & Opportunities to 2026

The global NB-IoT chipset market accounted for a value of USD 395 million in 2019 and is projected to register growth at a CAGR of 37.1% during forecast period.

COVID-19 has impacted the NB-IoT chipset market. The manufacturing units have to temporarily shut down and the logistics and supply chain got disrupted due to travel restriction and lockdown imposed to control transmission of corona virus. The export and import activities are suspended in major countries due to fear of spread of corona virus. Due to these factors, the market growth for NB-IoT chipset market is likely to be slow during forecast period.

Definition:

NarrowBand Internet of Things can be defined s a standards-based low power wide area (LPWA) technology. It is developed to enable a wide range of new IoT devices and services. NB-IoT helps in improving the power consumption of user devices, spectrum efficiency, system capacity and deep coverage.

Market Dynamics (Drivers/Opportunities):

The adoption of IoT is increasing around the world. The use of connected devices is rapidly increasing as the M2M communications is increasing around the world. The adoption IoT increases the use of connectivity in almost all the industries such as consumer electronics, healthcare and retail etc. This increases demand for NB-IoT chipset and drives growth in this market during forecast period.

The use of smart devices is increasing and smart devices use sensors to generate real-time data. The price of these sensors is declining and this increases the adoption of IoT in the market. The NB-IoT helps in smooth communication through better connectivity and it has low power requirements. This boosts market for NB IoT chipset during forecast period.

Market Insights, by Deployment

On the basis of deployment, the NB IoT market is segmented into stand-alone, in-bond and guard bond. The guard bond segment is estimated to hold largest market share during forecast period. The guard bond segment has absence of frequency planning and existing infrastructure including antenna and RF modules are can be reuse. It involves zero additional spectrum cost for guard bond deployment. This increases demand for guard bond segment and drives growth in this segment during forecast period.

Market Insights, by Device

On the basis of device, the NB IoT market is segmented into wearable devices, smart parking, smart meters, trackers, alarm & detectors, smart streetlights, smart appliances and others. The wearable devices segment is estimated to register highest growth during forecast period. The wearable devices are widely adopted in sports, entertainment, fitness and healthcare verticals. The demand for wearable devices is increasing and this increases the demand for highly secure and low power cellular networks such as NB-IoT. The demand for personal care diagnostic is increasing as the aging population is increasing in various countries such as Germany, UK, US and Japan. This drives growth in wearable devices market during forecast period.

Market Insights, by End-Users

On the basis of end-users, the NB IoT market is segmented into agriculture, energy & utilities, automotive & transportation, healthcare, manufacturing, safety & security, infrastructure, consumer electronics and building automation. The energy & utilities segment is estimated to hold largest share during forecast period. The deployment of NB IoT technology help energy sector to achieve business objective. The NB IoT technology can be deployed in process optimization, plant automation and supply chain optimization. The smart metering is considered as major application of NB IoT technology in energy & utilities application. This boosts growth in energy and utilities segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period. The adoption of NB IoT in this region is rapidly increasing and it has various applications such as healthcare, smart parking, smart meters and smart streetlights. The government is implementing various policies which support the NB IoT chipset market in this region. The demand for NB IoT technology is increasing in this region and this drives growth in Asia-Pacific region during forecast market.

Key Companies & Market Share Insights

The key market players in NB IoT chipset industry are Huawei, Qualcomm, Nordic Semiconductor, Samsung Electronics, Intel, Sanechips Technology, Mediatek, Altair Semicondustor, Commsolid, Riot Micro, U-Blox, Sierra Wireless, GCT Semiconductor, Sequans Communications, Gemalto and Telit.

Segments Covered in the Report

This report forecasts The Global NB-IoT Chipset Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global NB-IoT chipset market report on the basis of device, deployment and end-users.

NarrowBand Internet of Things Chipset Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. NarrowBand Internet of Things Chipset Market, By Deployment, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Stand-Alone
  • In-Bond
  • Guard Bond
  1. NarrowBand Internet of Things Chipset Market, By Device, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Wearable Devices
  • Smart Parking
  • Smart Meters
  • Trackers
  • Alarm & Detectors
  • Smart Streetlights
  • Smart Appliances
  • Others
  1. NarrowBand Internet of Things Chipset Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Agriculture
  • Energy & Utilities
  • Automotive & Transportation
  • Healthcare
  • Manufacturing
  • Safety & Security
  • Infrastructure
  • Consumer Electronics
  • Building Automation
  1. NarrowBand Internet of Things Chipset Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Deployment
    • By Device
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Deployment
      • By Device
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Deployment
        • By Device
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Deployment
          • By Device
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Deployment
            • By Device
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Intel
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Huawei,
    • Qualcomm
    • Nordic Semiconductor
    • Samsung Electronics
    • Sanechips Technology
    • Mediatek
    • Altair Semicondustor
    • Commsolid
    • Riot Micro
    • U-Blox
    • Sierra Wireless
    • GCT Semiconductor
    • Sequans Communications
    • Gemalto
    • Telit
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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