Narrowband IOT Chipset Industry with Highest growth in the near future by leading key players
Market
Highlights
The
market for Narrow
Band IoT chipset 2020 is all set to achieve a valuation of USD
265 million by 2023, confirms Market Research Future (MRFR). MRFR also reveals
in its new report that the market holds the potential to advance at a
tremendous rate of 60% from 2017 to 2023, which is the review period.
Get Free
Sample Report : https://www.marketresearchfuture.com/sample_request/5993
Top Drivers and Primary Deterrents
The nb-iot chipset market is presumed to
offer impressive benefits and also birth remarkable use cases that solves all
types of cellular IoT issues. With narrowband IoT chipset companies are expected
to develop service-level agreements that are ideal for healthcare related
services and various other industries. Recently, Vodafone reported that it has
been able to keep its upgradation costs low owing to the deployment of
narrowband IoT. Armed with a licensed spectrum, nb-IoT chipset is able to give
strong competition to several low-power WAN technologies like Sigfox and LoRa.
The narrowband IoT chipset industry is
packed with a huge number of well-known players as well as operators, who are constantly
working on technological innovations that can help them gain a higher position
across the globe. The market is also envisaged to pack a punch with the
expanding network coverage and the rising connections facilitated by the
narrowband IoT technology.
The increasing requirement for cellular
IoT networks also adds to the market strength. Internationally, the demand for
narrowband IoT chipset could increase a great deal with more and more consumers
becoming informed about the affordable component costs coupled with the better
coverage provided by the technology. the renowned players in the narrowband IoT
chipset industry can benefit from the rising use of the internet and the
increasing deployment of the narrowband IoT technology.
Market Segmentation
Narrowband
IOT Chipset industry can be considered for component, application, deployment
and end-user.
The key components
described in the report include software, services as well as hardware.
Hardware types are modules, among others and the types of services are managed
services along with professional services.
With regard to the
primary applications, the segments outlined are a smart appliance, smart meter,
alarms & detector, wearable, tracker, and others. The burgeoning market for
wearables across entertainment, sports and fitness, healthcare, and more has
pushed the demand for secure and low-power cellular networks like NB-IoT
chipsets.
The
main segments, depending on deployment, are in-band, standalone and guard band.
Top
end-users in the narrowband IoT chipset market are transportation and
logistics, energy and utility, healthcare, retail, agriculture, and others.
NB-IoT technology’s implementation in the energy and utility sector has
multiplied substantially, mostly for the purpose of achieving the business
objectives. It is projected that the technology’s applications can increase in
process optimization, plant automation, increased safety, integrated business
processes and supply chain optimization.
Access
Report Details @ https://www.marketresearchfuture.com/reports/narrowband-iot-chipset-market-5993
Regional Study
The regional examination of the
narrowband IoT chipset market evaluates the current trends and growth prospects
in Europe, North America, Asia Pacific or APAC and the rest of the world or
RoW.
North America is contemplated to acquire
most of the share in the global market, with the increasing efforts given by
the government in the development of smart cities. Colossal investments are
being made for this purpose, which can ensure more success for the regional
market in the following years. The heavy market growth is also the result of
the existence of motely communication networks that boost expansive Internet
penetration in the region.
The market growth in
APAC is largely dependent on factors like the continuous developments in the
IoT technology, backed by the surge in government grants as well as the surge
in Internet application. India, Japan, South Korea, and China are presumed to
take the lead in the regional market between 2017 and 2023.
Europe
ranks among the top contenders in the global market for narrowband IoT chipset,
given the dense concentration of renowned companies along with the high
deployment rate of the latest technologies across several industry verticals.
The increasing government spending in the field of narrowband IoT chipset can
also result in a positive outlook for the regional market.
Leading Contenders
Leading
contenders in the narrowband IoT chipset industry are Intel Corporation (U.S.),
Ericsson (Sweden), Qualcomm Technologies Inc. (U.S.), Nokia Corporation
(Finland), Huawei Technologies Co. Ltd., (China), China United Network
Communications Group Co., Ltd. (China), Vodafone Group plc (U.K), Quectel
Wireless Solutions Co. Ltd. (China), Sierra Wireless (Canada), Deutsche Telekom
AG (Germany), and more.
The renowned innovators listed in the
report are STMicroelectronics (U.S.), SEQUANS Communications SA (France),
Emirates Telecommunication Group (UAE), ZTE Corporation (China), Nordic
Semiconductor (Norway), Sigfox (France), u-blox (Switzerland), China
Telecommunications Corporation (China), Gemalto (the Netherlands), to name a
few.
About Market
Research Future:
Market Research Future (MRFR) is
a reliable firm that undertakes an extensive analysis of markets in various
domains. Our teams of research analysts gather relevant data through
painstaking primary and secondary research that aims to give clients a complete
outlook on markets of their interest. The data is compared against third-party
agencies and reputed organizations for estimating valuations and revenue
projections.
MRFR’s goal in providing a
comprehensive coverage of the market replete with latest trends, niches,
developments, and insights can be lucrative for business needs. We aim to push
our clients to the forefront by guiding them with astute information for making
informed decisions. Our market intelligence can track down key issues in
industries and be modified as per the fluctuations in economic scenarios. The
reports are customized and offered as per a specific region or country and
adhere to latest policies.
Comments
Post a Comment