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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 580.0 million in 2020. The narrowband-IoT market is further expected to grow at a CAGR of 35% during the forecast period of 2023-2028.
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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.
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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.
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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 Industry Opportunities and Challenges
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 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.2.1 Breakup by Country
9.3.2.2 China
9.3.2.3 Japan
9.3.2.4 India
9.3.2.5 ASEAN
9.3.2.6 Australia
9.3.2.7 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Huawei Technologies Co., Ltd.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Qualcomm Technologies, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Nordic Semiconductor ASA
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Samsung Electronics Co., Ltd.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Riot Micro
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Intel Corporation
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 MediaTek Inc.
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 ZTE Corporation
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Shenzhen Goodix Technology Co., Ltd.
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio
11.2.9.3 Demographic Reach and Achievements
11.2.9.4 Certifications
11.2.10 Others
12 Industry Events and Developments
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
In 2020, the global narrowband-IoT market attained a value of nearly USD 580 million.
The market is projected to grow at a CAGR of 35% between 2021 and 2026.
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 increased preference for energy-efficient narrowband-IoT modules.
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 industry trends propelling the growth of the market.
The major regions in the industry 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.
The types can be divided into hardware, software, and service.
Stand-alone, guard band and in-band form the major deployment modes of this market. The guard band segment is the dominant deployment mode of narrowband-IoT 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 players in the industry 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 580 million in 2020, 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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