Global Narrowband IoT NB IoT Chipset
Market Report
2025
The global Narrowband IoT (NB-IoT) Chipset market size is USD 5.7 billion in 2024. The Narrowband IoT (NB-IoT) Chipset market will show strongest growth with a compound annual growth rate (CAGR) of 86.4% from 2024 to 2031. This growth can be attributed to the growing adoption of IoT devices in various industries.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Narrowband IoT (NB-IoT) Chipset market size is USD 5.7 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 86.4% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Narrowband IoT NB IoT Chipset Market Sales Revenue | $ 5.7 Billion | 121212 | 121212 | 121212 | 86.4% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Device Type |
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Market Split by Deployment |
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Market Split by Vertical |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Narrowband IoT NB IoT Chipset Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A narrowband IoT (NB-IoT) chipset is a small electronic device that is installed in various objects, machines, and electronic gadgets. The narrowband IoT (NB-IoT) chipset market is expanding due to several benefits connected with the technology, including reduced power consumption of user devices, high system capacity, and improved spectrum efficiency for deep coverage of an area. Currently, the cost of an NB-IoT chipset is comparable to Global Systems for Mobile (GSM) and General Packet Radio Service. However, these are projected to fall dramatically as demand rises. Moreover, Significant factors influencing the growth of the narrowband IoT (NB-IoT) chipset market share include increased IoT device usage and cellular IoT network penetration. However, the existence of alternatives like as low power wide area (LPWA) technology limits market growth. Furthermore, NB-IoT can only be used in low-speed applications, limiting industry growth. On the contrary, the growing trend of smart cities is likely to provide attractive prospects for the narrowband IoT (NB-IoT) chipset market over the forecast period
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In March, 2022, OQ Technology, an IoT satellite operator, and Alif Semiconductor, a microcontroller and fusion processor supplier, have signed a Memorandum of Understanding (MOU) to collaborate on the development of an NB-IoT solution for hybrid terrestrial satellite networks. Users should be able to freely switch between mobile networks all over the world thanks to OQ's IoT satellite constellation and Alif's small, highly integrated, cellular-enabled IoT devices. (Source: https://www.oqtec.com/news/alif-semiconductor-tm-and-oq-technology-tm-to-deploy-nb-iot-connectivity-for)
Top Companies Market Share in Narrowband IoT NB IoT Chipset Industry: (In no particular order of Rank)
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According to Cognitive Market Research, In North America, NB-IoT dominates, with Smart Lighting leading the way. Smart Lighting solutions use NB-IoT connectivity to provide energy-efficient lighting systems that can be remotely controlled and monitored. The region's focus on sustainability, combined with government measures promoting energy saving, pushes the adoption of Smart Lighting solutions, establishing it as a major sub-segment of the North American NB-IoT market
Smart Parking is the fastest-growing subsegment in the rapidly expanding Asia-Pacific region. The rapid urbanization of Asia-Pacific cities has resulted in increased vehicular traffic, necessitating the implementation of effective parking management technologies. Smart parking systems, which use NB-IoT technology, provide real-time monitoring of parking spaces, reducing congestion and improving overall parking efficiency
The current report Scope analyzes Narrowband IoT NB IoT Chipset Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Narrowband IoT NB IoT Chipset Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Narrowband IoT NB IoT Chipset Industry growth. Narrowband IoT NB IoT Chipset market has been segmented with the help of its Device Type, Deployment Vertical, and others. Narrowband IoT NB IoT Chipset market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2021 to 2033. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Device Type of Narrowband IoT NB IoT Chipset analyzed in this report are as follows:
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According to cognitive market research, the guard band category dominated the narrowband-IoT market revenue in 2024, and it is expected to be the fastest-growing segment throughout the forecast period (2024-2032). Guard-band can make advantage of pre-installed radio frequency (RF) modules and antenna for cellular networks without incurring additional costs. AT&T and Verizon used this technology to develop commercial NB-IoT networks
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The Global Narrowband IoT NB IoT Chipset Market is witnessing significant growth in the near future.
In 2023, the Tracker segment accounted for noticeable share of global Narrowband IoT NB IoT Chipset Market and is projected to experience significant growth in the near future.
The Stand Alone segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Huawei Technologies Co. Ltd. (China) , Emirates Telecommunications Corporation (UAE) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Device Type | Tracker, Smart Metering, Wearable |
Deployment | Stand Alone, Guard Band, In Band |
Vertical | Manufacturing, Agriculture, IT, Healthcare, Automotive, Transportation |
List of Competitors | Huawei Technologies Co. Ltd. (China), Vodafone Group PLC (U.K.), Emirates Telecommunications Corporation (UAE), Telecom Italia (Italy), Qualcomm Incorporated (U.S.), China Unicom (China), Intel Corporation (U.S.), Ericsson (Sweden), Nokia Networks (Finland), Verizon Communication (U.S.) |
This chapter will help you gain GLOBAL Market Analysis of Narrowband IoT NB IoT Chipset. Further deep in this chapter, you will be able to review Global Narrowband IoT NB IoT Chipset Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Narrowband IoT NB IoT Chipset. Further deep in this chapter, you will be able to review North America Narrowband IoT NB IoT Chipset Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Narrowband IoT NB IoT Chipset. Further deep in this chapter, you will be able to review Europe Narrowband IoT NB IoT Chipset Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Narrowband IoT NB IoT Chipset. Further deep in this chapter, you will be able to review Asia Pacific Narrowband IoT NB IoT Chipset Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Narrowband IoT NB IoT Chipset. Further deep in this chapter, you will be able to review South America Narrowband IoT NB IoT Chipset Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Narrowband IoT NB IoT Chipset. Further deep in this chapter, you will be able to review Middle East and Africa Narrowband IoT NB IoT Chipset Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Narrowband IoT NB IoT Chipset. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Device Type Analysis 2019 -2031, will provide market size split by Device Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Device Type Analysis 2021 - 2033
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Chapter 11 Market Split by Deployment Analysis 2021 - 2033
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Chapter 12 Market Split by Vertical Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Narrowband IoT NB IoT Chipset market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Tracker have a significant impact on Narrowband IoT NB IoT Chipset market? |
What are the key factors affecting the Tracker and Smart Metering of Narrowband IoT NB IoT Chipset Market? |
What is the CAGR/Growth Rate of Stand Alone during the forecast period? |
By type, which segment accounted for largest share of the global Narrowband IoT NB IoT Chipset Market? |
Which region is expected to dominate the global Narrowband IoT NB IoT Chipset Market within the forecast period? |
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