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Narrowband IoT (NB-IoT) Chipset Market, Global Outlook and Forecast 2023-2030

The global Narrowband IoT (NB-IoT) Chipset market was valued at US$ 70 million in 2022 and is projected to reach US$ 1028.6 million by 2029, at a CAGR of 46.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

This report aims to provide a comprehensive presentation of the global market for Narrowband IoT (NB-IoT) Chipset, 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 Narrowband IoT (NB-IoT) Chipset. This report contains market size and forecasts of Narrowband IoT (NB-IoT) Chipset in global, including the following market information:

  • Global Narrowband IoT (NB-IoT) Chipset Market Revenue, 2018-2023, 2024-2030, ($ millions)
  • Global Narrowband IoT (NB-IoT) Chipset Market Sales, 2018-2023, 2024-2030, (K Units)
  • Global top five Narrowband IoT (NB-IoT) Chipset companies in 2022 (%)


The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Smart Meters Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Narrowband IoT (NB-IoT) Chipset include Huawei (China), Qualcomm (US), Samsung (South Korea), Nordic Semiconductor (Norway), Altair Semiconductor (Sony) (Israel), Cheerzing (China), Sercomm (Taiwan), SIMCom (China) and Sequans Communications (France), etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Narrowband IoT (NB-IoT) Chipset manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Narrowband IoT (NB-IoT) Chipset Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Narrowband IoT (NB-IoT) Chipset Market Segment Percentages, by Type, 2022 (%)

  • Smart Meters
  • Smart Parking
  • Smart Street lighting

Global Narrowband IoT (NB-IoT) Chipset Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Narrowband IoT (NB-IoT) Chipset Market Segment Percentages, by Application, 2022 (%)

  • Energy & Utilities
  • Infrastructure
  • Building Automation
  • Others

Global Narrowband IoT (NB-IoT) Chipset Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global Narrowband IoT (NB-IoT) Chipset 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 Narrowband IoT (NB-IoT) Chipset revenues in global market, 2018-2023 (Estimated), ($ millions)
  • Key companies Narrowband IoT (NB-IoT) Chipset revenues share in global market, 2022 (%)
  • Key companies Narrowband IoT (NB-IoT) Chipset sales in global market, 2018-2023 (Estimated), (K Units)
  • Key companies Narrowband IoT (NB-IoT) Chipset sales share in global market, 2022 (%)

Key players include:

  • Huawei (China)
  • Qualcomm (US)
  • Samsung (South Korea)
  • Nordic Semiconductor (Norway)
  • Altair Semiconductor (Sony) (Israel)
  • Cheerzing (China)
  • Sercomm (Taiwan)
  • SIMCom (China)
  • Sequans Communications (France)
  • Sierra Wireless (Canada)
  • u-blox (Switzerland)
  • ZTE (China)
  • RDA (China)
  • MediaTek (Taiwan)

Outline of Major Chapters:
Chapter 1: Introduces the definition of Narrowband IoT (NB-IoT) Chipset, market overview.
Chapter 2: Global Narrowband IoT (NB-IoT) Chipset market size in revenue and volume.
Chapter 3: Detailed analysis of Narrowband IoT (NB-IoT) Chipset manufacturers competitive landscape, price, sales and revenue 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 Narrowband IoT (NB-IoT) Chipset 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: Global Narrowband IoT (NB-IoT) Chipset capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.