NB IoT Technology Market, Global Outlook and Forecast 2023-2032
Narrowband IoT (NB-IoT) is a new fast growing wireless technology 3GPP cellular technology standard introduced in Release 13 that addresses the LPWA requirements of the IoT. that was Classified as a 5G technology, istandardized by 3GPP in 2016. It is fast emerging as the best in class a leading LPWAN technology to enable a wide range of new IIoT devices including smart parking, utilities, wearables, and industrial solutions.
This report aims to provide a comprehensive presentation of the global market for NB IoT Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding NB IoT Technology. This report contains market size and forecasts of NB IoT Technology in global, including the following market information:
Global NB IoT Technology Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global NB IoT Technology market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
3G Cellular-based Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of NB IoT Technology include Huawei, Nokia, Ericsson, Deutsche Telekom, ARM, Accent Advanced Systems and Rogers, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the NB IoT Technology companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global NB IoT Technology Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global NB IoT Technology Market Segment Percentages, by Type, 2022 (%)
3G Cellular-based
4G Cellular-based
5G Cellular-based
Global NB IoT Technology Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global NB IoT Technology Market Segment Percentages, by Application, 2022 (%)
Smart Parking
Utilities
Wearable
Industrial
Others
Global NB IoT Technology Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global NB IoT Technology Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies NB IoT Technology revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies NB IoT Technology revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Huawei
Nokia
Ericsson
Deutsche Telekom
ARM
Accent Advanced Systems
Rogers
Outline of Major Chapters:
Chapter 1: Introduces the definition of NB IoT Technology, market overview.
Chapter 2: Global NB IoT Technology market size in revenue.
Chapter 3: Detailed analysis of NB IoT Technology company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of NB IoT Technology in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
