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Narrowband Iot Market Size, Share & Growth | Forecast [2031]
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Narrowband Iot Market Size, Share & Growth | Forecast [2031]

Segments - Narrowband Iot Market by Types (Smart Parking, Alarm & Detector, Smart Meter, Tracker, Wearables, Smart Lighting, and Others), Components (Module and Network), Deployments (Guard-band, In-band, and Standalone), End-users (Agriculture, Automotive, Infrastructure, Energy & Utilities, Manufacturing, Consumer Electronics, Healthcare, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, Forecasts, 2021 – 2028

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3586 | 4.4 Rating | 78 Reviews | 165 Pages | Format : PDF Excel PPT

Report Description


The global narrowband Iot market size is expected to expand at a considerable CAGR, during the forecast period, 2021-2028. The growth of the market is attributed to growing need for wireless Iot communication technologies.

Narrowband Iot Market key takeaways

Narrowband-internet of things, is a low power wide area (LPWA) technology, which was developed to permit a wide range of new IoT services and devices . NB-IoT significantly improves, the overall power consumption of system capacity, user devices, and spectrum efficiency, especially in deep coverage. The pandemic have forced the governments around the world to impose lockdown and close down offices, schools, and colleges.

This has resulted in companies implementing work from home (WFH) policy. Also schools and colleges have been forced to continue education and regular classes by using online platforms. The global online retail market has therefore seen a boom due to the pandemic, not only because of WFH policies which are adopted by companies, but also increasing use of internet and mobile telecommunication platforms for daily business operations and many more stay-at-home activities. This has led a growing need for wireless Iot communication technologies.

Market Drivers, Restraints and Opportunities

  • Rapid advancements and research of narrowband analytics and its key benefits of the networking segment is a major driving factor for market growth.
  • Increasing efficiency of IOT and related technologies is estimated to drive the market over the forecasted timeline.
  • Lack of adequate network coverage act as a major restraint factor for market growth.
  • Increasing price of narrowband solutions is expected to hamper the market growth.
  • Increasing demand for fast, and efficient data driven consumer decision making services is expected to create lucrative opportunities for the market players.

Scope of the Report

The report on the global narrowband Iot market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Narrowband Iot Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2020

Forecast Period

2021–2028

Segmentation

Types (Smart Parking, Alarm & Detector, Smart Meter, Tracker, Wearables, Smart Lighting, and Others), Components (Module and Network), Deployments (Guard-band, In-band, and Standalone), End-users (Agriculture, Automotive, Infrastructure, Energy & Utilities, Manufacturing, Consumer Electronics, Healthcare, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Qualcomm Technologies, Inc.; Cellco Partnership (Verizon Wireless); AT&T; T-Mobile US, Inc.; Nokia; MediaTek Inc.; Intel Corporation; Vodafone Group PLC; Telefonaktiebolaget LM Ericsson; Sequans; Huawei Technologies Co., Ltd.; and Altair Semiconductor

 

Market Segment Insights

Wearables segment to dominate market

Based on device type, the market is segregated into smart parking, alarm & detector, smart meter, tracker, wearables, smart lighting, and others. The wearables section dominated the market in 2018 due to increasing demand for sports, fitness, and healthcare devices for private care and diagnostics. Whereas, the rising levels of income plus the increasing awareness relating to fitness are encouraging the young population to use sports and fitness bands, the adoption of healthcare bands is increasing in developed economies.

Narrowband Iot Market by device type

The network segment to hold major market share

On the basis of components, the market is bifurcated into network and module. The network segment dominated the market in 2018 attributable to the high service prices and increasing range of IoT deployments. However, the module segment is anticipated to expand at a rapid pace attributed to growing demand for NB-IoT modules for consumer-oriented applications still as industrial applications.

The guard-band deployment section to grow significantly

Based on deployment, the market is divided into in-band, guard-band, and standalone modes. The guard-band segment dominated the market in 2018 and is anticipated to emerge as the fastest-growing segment over the forecast period. The ability to use the prevailing cellular infrastructure, together with antenna and frequency (RF) modules, while not having to feature any further spectrum price act as a major factor fueling the segment.

Rather than sharing the spectrum with smartphone traffic, Mobile Network Operators (MNOs) can take use of vacant resource blocks in the LTE carrier signal and occupy a separate frequency of 180 kHz bandwidth specifically intended for IoT applications.

The consumer electronics segment is projected to grow at a rapid pace

Based on end-users, the market is fragmented into automotive, agriculture, infrastructure, healthcare, energy & utilities, manufacturing, consumer electronics, and others. The infrastructure segment dominated the market in 2018 owing to the large-scale adoption of the NB-IoT technology in applications associated with smart lighting, smart security & surveillance systems, smart building, environmental watching, and disaster management applications.

The consumer electronics segment is anticipated to expand at a rapid pace during the forecast period attributed to continuing integration of NB-IoT modules in wearables, smartphones, and different electronic devices to alter users to store knowledge associated with all electronic devices on the cloud.                

Asia Pacific is anticipated to dominate the market

In terms of regions, the narrowband Iot market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2020. Several significant device makers and network service providers based in North America focus on testing and commercialising technologies for consumer and industrial applications.

Other important reasons driving the market include an increasing disposable income, growing tech-savvy population, and ongoing acceptance of emerging technologies for personal and corporate applications. Asia Pacific is anticipated to dominate the market due to increasing net penetration, continued rollout of high-speed net infrastructure network, rising range of smart town initiatives, and increasing levels of income, significantly in economies including China, India, and Japan.

Narrowband Iot Market by regions

Segments

Segments Covered in the Report
The global narrowband Iot market has been segmented on the basis of

Deployments

  •  
  • In-band
  • Guard-band
  • Standalone
Components
  • Module
  • Network
Device Types
  •  
  • Alarm & Detector
  • Smart Parking
  • Smart Meter
  • Smart Lighting
  • Tracker
  • Wearables
  • Others
End-users
  •  
  • Automotive
  • Agriculture
  • Infrastructure
  • Healthcare
  • Energy & Utilities
  • Manufacturing
  • Consumer Electronics
  • Others
Regional
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Qualcomm Technologies, Inc.
  • Cellco Partnership (Verizon Wireless)
  • AT&T
  • T-Mobile US, Inc.
  • Nokia
  • MediaTek Inc.
  • Intel Corporation
  • Vodafone Group PLC
  • Telefonaktiebolaget LM Ericsson
  • Sequans
  • Huawei Technologies Co., Ltd.
  • Altair Semiconductor

Competitive Landscape

Key players competing in the narrowband Iot market include Qualcomm Technologies, Inc.; Cellco Partnership (Verizon Wireless); AT&T; T-Mobile US, Inc.; Nokia; MediaTek Inc.; Intel Corporation; Vodafone Group PLC; Telefonaktiebolaget LM Ericsson; Sequans; Huawei Technologies Co., Ltd.; and Altair Semiconductor. These market players are engaged on developing new modules and deploying of NB-IoT networks to enhance the coverage and increase the scope of economic applications wherever the technology may be applied.

Narrowband Iot Market by key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Narrowband Iot Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Narrowband Iot Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Narrowband Iot Market - Supply Chain
  4.5. Global Narrowband Iot Market Forecast
     4.5.1. Narrowband Iot Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Narrowband Iot Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Narrowband Iot Market Absolute $ Opportunity
5. Global Narrowband Iot Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Narrowband Iot Market Size and Volume Forecast by End Users
     5.3.1. Automotive
     5.3.2. Agriculture
     5.3.3. Infrastructure
     5.3.4. Healthcare
     5.3.5. Energy & Utilities
     5.3.6. Manufacturing
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Narrowband Iot Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Narrowband Iot Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Narrowband Iot Demand Share Forecast, 2019-2026
7. North America Narrowband Iot Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Narrowband Iot Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Narrowband Iot Market Size and Volume Forecast by End Users
     7.4.1. Automotive
     7.4.2. Agriculture
     7.4.3. Infrastructure
     7.4.4. Healthcare
     7.4.5. Energy & Utilities
     7.4.6. Manufacturing
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Narrowband Iot Demand Share Forecast, 2019-2026
8. Latin America Narrowband Iot Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Narrowband Iot Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Narrowband Iot Market Size and Volume Forecast by End Users
     8.4.1. Automotive
     8.4.2. Agriculture
     8.4.3. Infrastructure
     8.4.4. Healthcare
     8.4.5. Energy & Utilities
     8.4.6. Manufacturing
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Narrowband Iot Demand Share Forecast, 2019-2026
9. Europe Narrowband Iot Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Narrowband Iot Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Narrowband Iot Market Size and Volume Forecast by End Users
     9.4.1. Automotive
     9.4.2. Agriculture
     9.4.3. Infrastructure
     9.4.4. Healthcare
     9.4.5. Energy & Utilities
     9.4.6. Manufacturing
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Narrowband Iot Demand Share Forecast, 2019-2026
10. Asia Pacific Narrowband Iot Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Narrowband Iot Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Narrowband Iot Market Size and Volume Forecast by End Users
     10.4.1. Automotive
     10.4.2. Agriculture
     10.4.3. Infrastructure
     10.4.4. Healthcare
     10.4.5. Energy & Utilities
     10.4.6. Manufacturing
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Narrowband Iot Demand Share Forecast, 2019-2026
11. Middle East & Africa Narrowband Iot Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Narrowband Iot Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Narrowband Iot Market Size and Volume Forecast by End Users
     11.4.1. Automotive
     11.4.2. Agriculture
     11.4.3. Infrastructure
     11.4.4. Healthcare
     11.4.5. Energy & Utilities
     11.4.6. Manufacturing
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Narrowband Iot Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Narrowband Iot Market: Market Share Analysis
  12.2. Narrowband Iot Distributors and Customers
  12.3. Narrowband Iot Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Qualcomm Technologies, Inc.
     12.4.2. Cellco Partnership (Verizon Wireless)
     12.4.3. AT&T
     12.4.4. T-Mobile US, Inc.
     12.4.5. Nokia
     12.4.6. MediaTek Inc.
     12.4.7. Intel Corporation
     12.4.8. Vod

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