Narrowband Internet-of-Things Chipset Market - Industry Analysis, Size, Share Growth, Trends and Forecast 2017 - 2025

Albany, NY -- (SBWire) -- 01/28/2019 --The global narrowband internet of things chipset market so far held a highly consolidated competitive landscape, according to Transparency Market Research. In its recent research report, it was shown that Qualcomm Inc., U-blox Holding AG, Sequans Communications, Commsolid GMBH, and Altair Semiconductor – the leading five companies for 2016 – held a staggering 98% of the overall market for that year.

Some of the key areas of focus for these players include product innovation and introduction to commercial markets, improving presence in multiple key regions, and increased investments in research and development efforts. Other opportunities in alliances and collaborations, and mergers and acquisitions, in order to add to their product portfolios are also dominant strategies being employed by the leaders of the market.

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Asia Pacific led the global narrowband internet of things chipset market in 2016 in terms of promising growth opportunities, a factor primarily attributed to the growing chipset integration smart detectors, smart appliances, and smart meters. Nations such as China and Japan are also showing an increasing rate of adoption of IoT principles on an industrial front as well as in the residential sector. Asia Pacific is expected to continue leading the global narrowband internet of things chipset market over the report's given forecast period. Of the key areas of applications in the market, trackers, smart appliances, and smart meters are currently key contributors of revenue on a global perspective.

"Some of the key factors that are likely to hold a positive influence on demand for narrowband IoT chipset, especially in smart devices, is their ability to impart a significant reduction in the power consumption and simultaneously provide improved scalability in networks. NB-IoT chipsets also reduce the overall complexity of different network types and consequently help in reducing overall device costs by as much as 60%, in comparison to devices built on LTE category 4," states a TMR analyst.

Other NB-IoT chipset features include deployment simplification, enhanced network topology, secured connectivity with strong authentication factors, and improved infiltration coverage concerned with existing wide area networks in indoor as well as outdoor settings. Each feature is adding a significant magnitude of appeal in favor of the market.

Although NB-IoT chipsets have vast growth opportunities, challenges such as high operational expenditure and lack of standardization are expected to hamper the growth prospects of the global NB-IoT market to a certain extent. The lack of standardization of low power wide area network technology, especially, is expected to largely hinder the scope of growth opportunities for the telecommunications industry in the field of Internet of Things.

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