Global Market Insights recently introduced report on global narrowband IoT chipset market report is an in-depth study providing complete analysis of the industry for the period 2018 to 2024. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive scenario.
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The U.S. holds the largest share in the narrowband IoT chipset market in the recent years owing to the presence of major players operating in the industry. Increasing research & development activities are taking place in the country for developing efficient devices, products, and solutions based on the narrowband IoT technology. Asia Pacific is expected to witness high growth opportunities in the narrowband IoT chipset industry due to the increasing investments in smart city and infrastructure development projects. Japan and China are heavily investing and adopting these technologies owing to the growth of IoT device manufacturing companies.
The implementation of this technology in the construction of smart airports is propelling the narrowband IoT chipset market growth. For instance, Huawei, Q-Loud, and Telefonica have launched smart meters based on the narrowband IoT technology for the Munich airport. The technology is used to efficiently convert analog systems into digital software solutions. These systems include specialized cameras that record and convert meter readings through narrowband technology, driving the narrowband IoT chipset industry growth.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Vodafone Group PLC
- Verizon Communications
- Huawei Technologies Co., Ltd.
- Qualcomm, Inc.
- Intel Corporation
- Nokia Corporation
- Samsung Electronics
- China Telecommunication Corporation
- Deutsche Telecom AG
The players operating in the narrowband IoT chipset market are Vodafone Group PLC, Verizon Communications, Huawei Technologies Co., Ltd., Qualcomm, Inc., Ericsson, Intel Corporation, Nokia Corporation, Samsung Electronics, STMicroelectronics, China Telecommunication Corporation, and Deutsche Telecom AG. Companies focus on implementing strategic alliances, acquisitions, and collaborations to strengthen the product and solution portfolio. The top players develop technically-advanced products and software to sustain the high narrowband IoT chipset industry competition. For instance, in June 2018, Ericsson announced its collaboration with MediaTek for expanding the NB-IoT chipset market. The expansion allows both companies to work on the test and functionality of the NB-IoT chipsets.