Narrowband IoT Market 2023: Comprehensive Research Study

Posted January 29, 2020 by mandar

The Global Narrowband IoT (NB- IoT) market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast years.
Narrowband IoT Market - Overview

The Global Narrowband IoT (NB- IoT) market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast years. Hence the market for Narrowband- IoT is expected to grow at ~50 % CAGR (2016-2022). The global market for Narrowband IoT is majorly driven by factors such as government initiation towards cashless economy, technical advancement among others Narrowband IoT also known as LTE-M2 is a LPWAN technology which won’t operate in the LTE construct. However, it is to be design to exist in one of the three ways such as independently, in unused 200-KHZ bands which previously used for GSM and in their guard bands. Narrowband IoT is suitable for application that deals with small amount of infrequent data transfer over long duration.

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NBT-IoT creates some benefits such as, power efficiency, cost savings, reliability, wider deployment, and global reach. NB-IoT improves power consumption of user devices, spectrum efficiency, and system capacity especially in deep coverage. The device whose Battery life is more than 10 years can be supported for a wide range of use cases. The Narrowband IoT (NB-IoT), also known as LTE Cat NB1 is a low power wide area network technology (LPWA) standard t hat connects a wide range of devices and services on established cellular network. NB-IoT is well suited for applications that deals with small amount of infrequent data transfer over long period of time. NB-IoT operates in licensed spectrum that offers secure and reliable connectivity while assuring quality of service.

New signals and new physical layers are designed to meet the specifications of external coverage, ultra-low device complexity. Narrowband IoT technology is much easier than GSM/GPRS technologies. Cost of NB-IoT is decreases as per demand increases. NB-IoT is supported by all major mobile equipment, module and chipset manufacturers, NB-IoT can co-exist with 2G, 3G, and 4G networks. With this they NB-IoT secures security and privacy features of mobile network The usage of tracking devices and Smart meter is increasing among various industry such automotive & shipping industry, building automation, healthcare among others. NB-IoT offers wide coverage and low data rate transmission and is expected to be widely adopted by these industries for tracking and security applications among others. The increasing sensor deployment and machine-to-machine connectivity in order to manage the devices from remote locations are some of the major driving factors which are helping the NB-IoT market to achieve new heights in upcoming years.

Global Narrowband IoT (NB- IoT) Key Companies Market Analyzed For This Research Report Are: Huawei Technologies Co. Ltd. (China), Vodafone Group PLC (U.K.), Emirates Telecommunications Corporation (UAE) , Telecom Italia (Italy), Qualcomm Inc. (U.S.), China Unicom (China), Intel Corporation (U.S.), Ericsson (Sweden), Nokia Networks (Finland), and Verizon Communication (U.S.)

Narrowband IoT Market - Segmentation

On the basis of deployment, the market is segmented into guard band, in band and Stand Alone.

On the basis of device, the market is segmented into smart metering, tracker, alarm &detectors, wearable, tracking.

On the basis of verticals, the market is segmented into agriculture, automotive & logistics, healthcare, IT, manufacturing, and energy & utilities.

On the basis of region, the market is segmented into North America, Europe, Asia-Pacific (APAC), and Rest of the World

Study Objectives of Narrowband - IoT Market:

To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Narrowband- IoT Market

To analyze the Narrowband- IoT market based on various factors- supply chain analysis, porters five force analysis etc.

To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

To provide country level analysis of the Market with respect to the current market size and future prospective

To provide country level analysis of the Market for segment by deployment, Device, Verticals and sub-segments.

To provide strategic profiling of key players in the Market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

To Track and Analyze competitive developments such as Joint Ventures, Strategic Alliances, Mergers and acquisitions, new product developments, and research and developments in the Global Narrowband- IoT Market.

Industry News

June 28, 2018 L&T Technology Services Launches New NB-IoT Protocol Stack IP:

L&T Technology Services Limited is collaborated with Cadence Design Systems, Inc. to launch latest NB-IoT L1, L2, L3 protocols which will be hosted on Cadence Tensilica Fusion F1 DSP. The Cadence Tensilica Fusion F1 DSP is integrated on system On Chip (SoC) to deliver fast time to market with low risk. L&T utilizing NB-IoT with low memory and low power footprint enabling integration to custom target platforms.

June 21, 2018 AT&T launching NB-IoT network across US and Mexico:

LTE-M offering with a narrowband IoT network across US and Mexico, which will possibly launch in 2019. The NB-IoT network will complement its current LTE-M network across those nations which provide lower-cost connectivity than its cellular network for mass IoT deployments.

June 27, 2018 Ericsson launches pilot NB-IoT network in Moscow:

In partnership with Russian Telecom Operator and PJSC Vimplecom Beeline, Ericsson launched a trail NB-IoT network in heavily populated residential area of Moscow. This trail will use Ericsson equipment on Beeline’s Narrow Band (NB) IoT network to highlight and test the impact of IoT technology solutions for city residents and nearby businesses, infrastructures, and services.

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Narrowband IoT Market - Regional Analysis:

The regional analysis of narrowband IoT market is being studied for region such as Asia pacific, North America, Europe and Rest of the World.

North America region is expected to dominate in the narrowband IoT market by the forecast period owing to increasing adoption of IoT and cloud-based services. Increasing demand for low cost and efficient connectivity also supports the NB-IoT market in this region.

Europe is expected to generate heavy growth in narrowband IoT due to increasing applications in automotive and transportation sector. Asia Pacific region is also growing due to various government initiatives for making smart cities in China and India.

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Categories Business , Semiconductors , Technology
Tags Narrowband IoT Market
Last Updated January 29, 2020