Reports

Narrowband-IoT Market

Global Narrowband-IoT Market: By Type: Hardware, Software, Service; By Deployment Mode: Stand-Alone, Guard Band, In-Band; By Device Type; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Narrowband-IoT Market Outlook

The global narrowband-IoT market reached a value of nearly USD 1057.05 million in 2022. The narrowband-IoT market is further expected to grow at a CAGR of 35% during the forecast period of 2023-2028.

 

Global Narrowband-IoT Market

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The increased preference for energy-efficient narrowband-IoT modules is aiding the narrowband-IoT market growth as they help to ensure a long battery life with minimal power for the application of signal processing.

 

Global Narrowband-IoT Market: Properties and Applications

Narrowband-IoT (NB IoT) is an evolving wireless IoT networking system capable of connecting IoT devices across a wider area and in areas with limited bandwidth that are difficult to reach manually.

 

Global Narrowband-IoT Market By Type

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The global narrowband-IoT market can be broadly categorised based on segments like types, deployment modes, device types, end uses, and regions.

  • Type:
    • Hardware
    • Software
    • Service
  • Deployment Mode:
    • Stand-Alone 
    • Guard Band 
    • In-Band
  • Device Type:
    • Smart Parking 
    • Smart Meters 
    • Trackers     
    • Alarms and Detectors 
    • Smart Streetlights 
    • Smart Appliances 
    • Wearable Devices 
    • Others
  • End-Use:
    • Agriculture 
    • Automotive and Transportation 
    • Energy and Utilities 
    • Healthcare 
    • Manufacturing 
    • Safety and Security 
    • Infrastructure
    • Others

The EMR report looks into the regional narrowband-IoT markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Narrowband-IoT Market By Region

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Global Narrowband-IoT Market Analysis

With the advancing narrowband-IoT technology, its adoption is growing rapidly in various applications. The enhanced design and improved narrowband-IoT devices and roll-out services, the technology companies and telecommunications service providers are investing more in the product, which is expected to drive the narrowband-IoT market over the forecast period. Further, the developments in artificial intelligence (AI), machine learning (ML), and big data analytics will allow companies to analyse the vast volumes of data collected from tracking and monitoring activities using narrowband-IoT networks. Thus, it is anticipated that the growing adoption of IoT and connected devices, along with machine learning and big data analytics through industrial and commercial applications, will lead to the narrowband-IoT market growth in the forecast period.

The guard-band segment, among other deployment modes, accounted for the largest share in the narrowband-IoT market. Region-wise, while North America dominated the market, the Asia Pacific is expected to lead the global narrowband-IoT market over the forecast period owing to the growing adoption of advanced technology in the region.

 

Global Narrowband-IoT Market: Competitive Landscape

The report presents a detailed analysis of the following key players in the global narrowband-IoT market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Huawei Technologies Co., Ltd.
  • Qualcomm Technologies, Inc.
  • Nordic Semiconductor ASA
  • Samsung Electronics Co., Ltd.
  • Riot Micro
  • Intel Corporation
  • MediaTek Inc.
  • ZTE Corporation
  • Shenzhen Goodix Technology Co., Ltd.
  • Others

The EMR report gives an in-depth insight into the narrowband-IoT market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Type, Deployment Mode, Device Type, End Use, Region
Breakup by Type Hardware, Software, Service
Breakup by Deployment Mode Stand-Alone, Guard Band, In-Band
Breakup by Device Type Smart Parking, Smart Meters, Trackers, Alarms and Detectors, Smart Streetlights, Smart Appliances, Wearable Devices, Others
Breakup by End Use Agriculture, Automotive and Transportation, Energy and Utilities, Manufacturing, Safety and Security, Manufacturing, Healthcare, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., Nordic Semiconductor ASA,
Samsung Electronics Co., Ltd., Riot Micro, Intel Corporation, MediaTek Inc., ZTE Corporation, Shenzhen Goodix Technology Co., Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Narrowband-IoT Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Narrowband-IoT Historical Market (2018-2022) 
    8.3    Global Narrowband-IoT Market Forecast (2023-2028)
    8.4    Global Narrowband-IoT Market by Type
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Service
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Narrowband-IoT Market by Deployment Mode
        8.5.1    Stand-Alone
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Guard Band
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    In-Band
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Narrowband-IoT Market by Device Type
        8.6.1    Smart Parking  
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Smart Meters 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Trackers
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Alarms and Detectors 
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Smart Streetlights
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Smart Appliances 
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Wearable Devices 
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2018-2022)
            8.6.7.3    Forecast Trend (2023-2028)
        8.6.8    Others
    8.7    Global Narrowband-IoT Market by End Use
        8.7.1    Agriculture 
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Automotive and Transportation 
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Energy and Utilities 
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Manufacturing 
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Safety and Security 
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
        8.7.6    Infrastructure
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2018-2022)
            8.7.6.3    Forecast Trend (2023-2028)
        8.7.7    Healthcare 
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2018-2022)
            8.7.7.3    Forecast Trend (2023-2028)
        8.7.8    Others   
    8.8    Global Narrowband-IoT Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022)
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022)
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022)
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Narrowband-IoT Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022)
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022)
        9.2.3    Forecast Trend (2023-2028)
10    Europe Narrowband-IoT Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022)
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022)
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022)
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022)
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Narrowband-IoT Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022)
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022)
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022)
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022)
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022)
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America  Narrowband-IoT Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022)
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022)
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022)
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Narrowband-IoT Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022)
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022)
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022)
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022)
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Huawei Technologies Co., Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Qualcomm Technologies, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Nordic Semiconductor ASA
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Samsung Electronics Co., Ltd.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Riot Micro
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Intel Corporation
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    MediaTek Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    ZTE Corporation
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Shenzhen Goodix Technology Co., Ltd.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Narrowband-IoT Market: Key Industry Highlights, 2018 and 2028
2.    Global Narrowband-IoT Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Narrowband-IoT Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Narrowband-IoT Historical Market: Breakup by Deployment Mode (USD Million), 2018-2022
5.    Global Narrowband-IoT Market Forecast: Breakup by Deployment Mode (USD Million), 2023-2028
6.    Global Narrowband-IoT Historical Market: Breakup by Device Type (USD Million), 2018-2022
7.    Global Narrowband-IoT Market Forecast: Breakup by Device Type (USD Million), 2023-2028
8.    Global Narrowband-IoT Historical Market: Breakup by End Use (USD Million), 2018-2022
9.    Global Narrowband-IoT Market Forecast: Breakup by End Use (USD Million), 2023-2028
10.    Global Narrowband-IoT Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Narrowband-IoT Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Narrowband-IoT Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Narrowband-IoT Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Narrowband-IoT Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Narrowband-IoT Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Narrowband-IoT Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Narrowband-IoT Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Narrowband-IoT Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Narrowband-IoT Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Narrowband-IoT Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Narrowband-IoT Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Narrowband-IoT Market Structure

Key Questions Answered in the Report

What was the global narrowband-IoT market size in 2022?

In 2022, the global narrowband-IoT market attained a value of nearly USD 1057.05 million.

What is the growth rate of the global narrowband-IoT market?

The market is projected to grow at a CAGR of 35% between 2023 and 2028.

What are the major market drivers?

The major drivers of the market include rising urbanisation, enhanced design and improved narrowband-IoT devices and roll-out services, increased investments by technology companies and telecommunications service providers, and enhanced preference for energy-efficient narrowband-IoT modules.

What are the key trends of the market?

Developments in artificial intelligence (AI), machine learning (ML), and big data analytics which will allow analysis of vast volumes of data collected from narrowband-IoT networks are the key trends propelling the growth of the market.

What are the major regional markets of narrowband-IoT, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

What are the various types in the market?

The types can be divided into hardware, software, and service.

What is the dominant deployment mode of narrowband-IoT in the market?

Stand-alone, guard band and in-band are the major deployment modes of this market. The guard band segment is a dominant deployment mode of narrowband-IoT in the market.

What are the various devices types available in the market?

The device types in the  global narrowband-IoT market include smart parking, smart meters, trackers, alarms and detectors, smart streetlights, smart appliances, and wearable devices, among others.

What are the end use sectors for the market?

The end-use sectors include agriculture, automotive and transportation, energy and utilities, healthcare, manufacturing, safety and security, and infrastructure, among others.

Who are the key market players, according to the report?

The major players in the market are Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., Nordic Semiconductor ASA, Samsung Electronics Co., Ltd., Riot Micro, Intel Corporation, MediaTek Inc., ZTE Corporation, and Shenzhen Goodix Technology Co., Ltd., among others.

Analyst Review

The global narrowband-IoT market attained a value of nearly USD 1057.05 million in 2022, driven by the enhanced design and improved narrowband-IoT devices and roll-out services and increased investments by technology companies and telecommunications service providers. Aided by the developments in artificial intelligence (AI), machine learning (ML), and big data analytics, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 35%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the narrowband-IoT industry can be segmented into hardware, software, and service. On the basis of deployment modes, the guard-band sector accounts for the leading share in the industry. The device types in the industry include smart parking, smart meters, trackers, alarms and detectors, smart streetlights, smart appliances, and wearable devices, among others. The end-use sectors include agriculture, automotive and transportation, energy and utilities, healthcare, manufacturing, safety and security, and infrastructure, among others. The major regional markets for narrowband-IoT are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., Nordic Semiconductor ASA, Samsung Electronics Co., Ltd., Riot Micro, Intel Corporation, MediaTek Inc., ZTE Corporation, and Shenzhen Goodix Technology Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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