Will IoT’s growth hit a NB-IoT Chipset wall? - Current Trends 2020 and Future Opportunities by 2027
With the increasing application of IoT across the industries is fuelling the demand for NB-IoT chipset market. NB-IoT chipset offers power-efficient and the affordable connection between battery devices and the internet. NB-IoT chipset has an application from smart parking to smart lighting to smart utilities. Few of the leading vendors such as Vodafone and Huawei have successfully completed NB-IoT trial for smart parking in Spain and Italy. These developments have a significant positive impact on the growth of the market during the forecast period. The surging internet penetration, increasing connected device, and demand for low-cost connectivity is expected to fuel the market during the forecast period.
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The "Global NB-IoT Chipset Market Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of NB-IoT Chipset market with detailed market segmentation by component, product, and geography.
Factors such as surging adoption of connected devices and increasing adoption of IoT is a key factor driving the global NB-IoT chipset market during the forecast period. The government initiatives such as smart city projects are a creasing a significant demand for NB-IoT chipset market. The developing countries of the Asia Pacific such as China and India are the potential market for NB-IoT chipset market.
Top Industry Players
Ericsson, Huawei Technologies Co. Ltd., Intel Corporation, Mistbase Communication System, Nokia Corporation, Qualcomm Incorporated, Samsung Electronics, Sequans Communications S.A., Verizon Communications, Vodafone Group PLC
Global NB-IoT Chipset market is expected to grow from US$ 11.30 billion in 2016 to US$ 30.01 billion by 2027 at a CAGR of 11.5% between 2017 and 2027.
Key trend which will predominantly effect the NB-IoT Chipset market in coming year is upcoming technological advancement in this field. It is predicted that the upcoming technological advancements in this industry would enable the farmers to regulate the requirements of a crop at any explicit location and instant in a way that will be increasingly accurate, and from a distance. The companies that survive in the ecosystem would be on account of innovations and to support the development and adoption of NB-IoT Chipset techniques.
The global NB-IOT CHIPSET market is segmented on the basis of component, device, and application. Based on component, the market is segmented as hardware, software, and services. On the basis of device the market is segmented as Smart Appliances, Smart Meters, Trackers, Alarms and Detectors, Wearable Devices, and Others. The market on the basis of application is classified as Agriculture, Automotive and Transportation, Energy, Healthcare, Manufacturing, Retail, Safety and Security, Infrastructure, and Others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global NB-IOT CHIPSET market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The NB-IOT CHIPSET market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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· Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
