The TMR report explains that the global narrowband internet of things chipset market is expected to expand at a whopping CAGR of 37.9% CAGR within a forecast period from 2017 to 2025. The market is expected to reach US$793.7 mn by the end of 2025, after being calculated at US$45.0 mn in 2016.
Albany, NY -- (SBWIRE) -- 01/22/2018 -- Narrowband Internet-of-Things (IoT) Chipset Market: Overview
NB-IoT, which is being designed exclusively for the purpose of IoT communication, does have a dominating technological performance and dominant service capabilities over the existing M2M technologies. The requirement of NB-IoT in 200 kHz frequency makes it easier to fully utilize the operators' scattered spectrum. This would provide a support capability, which is 100 times as many connections compared to 4G connectivity. It has a sensitivity that is 100 times higher compared to that of 2G and it can increase the battery life of IoT devices increased up to 10 years.NB-IoT chipset also have low device unit cost and better network scalability.
Thus, they can be used extensively across various industry applications.Thus, the rise in demand for smart appliances such as connected LED bulbs and connected temperature sensing devices is expected to create growth opportunities for NB-IoT chipset manufacturers during the forecast period. The Narrowband IoT chipset market is expected to expand significantly in the next few years, as low speed reliable data transfer and high level of reliability are anticipated to replace turbo codes with the convolutional codes for the purpose of downlink transmissions. With technological advancement in smart appliances and smart metering segment with higher adoption of Guardband deployment are fueling the growth of the Narrowband Internet-of-Things Chipset market.
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Narrowband Internet-of-Things (IoT) Chipset Market: Segmentation
Based on deployment, the market has been segmented into three types Guardband, Inband, Standalone .A guard band is a tapered frequency distribution range which separates two wider ranges of frequency. This actually ensures that concurrently used telecommunication channels does not experience any kind of interference, which should actually result in a declined quality for both types of transmissions.The growing demand of NB-IoT in Smart appliances and smart metering is actually driving the market.The guardband concept is applied to both wired and wireless communications. It also helps to simplify the process of signal filtering for software, hardware or both. The market of guardband is anticipated to witness a high growth rate during the forecast period owing to its capability of reduced turnaround time during high network traffic .In addition to that, An inband management is involved in managing devices using the common protocol such as telnet or Secure Shell(SSH), for the purpose of operating network service securely over an unsecured network.
The growing adoption of Guardband and Inband deployment in different smart applications is expected to drive the market in the forecasted period.Based on application, the market is segmented into seven segments they are like trackers, wearable devices, smart appliances, smart metering, alarms, detectors and others.Geographically, the Narrowband Internet-of-Things Chipset market is categorized into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The market for NB-IoT chipsets has been provided in (USD million) in terms of revenue and the CAGR for the forecast period of 2017 to 2025.
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Narrowband Internet-of-Things (IoT) Chipset Market: Scope of the Report
The key players in the Narrowband Internet-of-Things Chipset market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies adopted by these major players and their recent developments in the field of Nb-IoT chipsets. Further, the report includes the market attractiveness analysis of different deployment of NB-IoT chipsets and insight into the major application area of the NB-IoT chipsets.
The report also provides assessment of different drivers that is impacting the global market, along with the restraints and opportunities that has also been covered under the scope of this report. For each segment (such as deployment type, applications), market dynamics analysis has been provided. All these factors help in determining different trends that has been impacting the overall market growth. Moreover, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of Narrowband Internet-of-Things Chipset market along with the overall assessment for the forecast period of 2017-2025 has also been provided within this report.
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Some of the leading players operating in the market are like Huawei Technologies (China), u-blox Holding AG (Switzerland), Sequans Communications (France), Qualcomm, Inc. (The U.S.), Verizon Communications, Inc. (The U.S.), Altair Semiconductor (Israel), Vodafone Group Plc (United Kingdom), Intel Corporation (The U.S.) and Telefonaktiebolaget L. M. Ericsson (Sweden) among others.
The Narrowband Internet-of-Things (IoT) Chipset market has been segmented as follows:
Narrowband Internet-of-Things (IoT) Chipset Market by Deployment Type
Narrowband Internet-of-Things (IoT) Chipset Market by Application
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Narrowband Internet-of-Things (IoT) Chipset Market by Region
Rest of Europe
Rest of APAC
Middle East and Africa
Rest of MEA
Rest of Latin America