The Narrowband Internet Of Things (IoT) Chipset Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Narrowband Internet Of Things (IoT) Chipset Market?
The market size for the narrowband Internet of Things (IoT) chipset has seen significant growth recently. It is projected to escalate from $9.14 billion in 2024 to $11.49 billion in 2025, with a compound annual growth rate (CAGR) of 25.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Narrowband Internet Of Things (IoT) Chipset Industry?
The market size for Narrowband Internet Of Things (IoT) Chipset is projected to reach $28.47 billion in 2029 with a compound annual growth rate (CAGR) of 25.5%.
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What are the Key Growth Drivers Fueling the Narrowband Internet Of Things (IoT) Chipset Market?
The key drivers in the narrowband internet of things (iot) chipset market are:
• Expansion of industrial automation
• Increase in smart agriculture initiatives
• Rising focus on healthcare IoT solutions
• Growth in asset tracking applications
• Government support for smart infrastructure
• Integration with 5G networks
• Development of energy-efficient chipsets
• Emergence of private NB-IoT networks
• Advancements in chipset technology
• Evolution of multimode IoT modules
Global Market Segmentation: Identifying Major Narrowband Internet Of Things (IoT) Chipset Industry Segments
The narrowband internet of things (IoT) chipset market covered in this report is segmented –
1) By Component: Solution, Hardware
2) By Deployment: Guard-Band, In-Band, Standalone
3) By Application: Smart Meters, Asset Tracking, Healthcare Monitoring
4) By Vertical: Consumer Electronics, Agriculture, Building Automation, Automotive, Infrastructure, Healthcare, Safety And Security
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What are the Emerging Trends Shaping the Future of the Narrowband Internet Of Things (IoT) Chipset Market?
The key trends in the narrowband internet of things (iot) chipset market are:
• Integration with 5G networks is a major emerging trend.
• Development of energy-efficient chipsets is increasingly shaping the future of the market.
• The emergence of private Narrowband Internet of Things (NB-IoT) networks is a significant trend.
• The evolution and advancement in chipset technology and multimode IoT modules is a key expected development.
Who Are the Top Competitors & Leading Players in the Narrowband Internet Of Things (IoT) Chipset Market?
Major players in the narrowband internet of things (iot) chipset market are:
• Samsung Electronics Co. Ltd.
• Verizon Communications Inc.
• Huawei Technologies Co. Ltd.
• Qualcomm Technologies Inc.
• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• MediaTek Inc.
• STMicroelectronics NV
• Renesas Electronics Corporation
• Sercomm Corporation
• u-blox AG
• Nordic Semiconductor ASA
• Semtech Corporation
• Telit Cinterion
• Ceva INC.
• SIMCom Wireless Solutions Limited
• Sony Semiconductor Israel Ltd.
• Skylo Technologies Inc.
• GCT Semiconductor Holding Inc.
• 1NCE Inc.
Regional Dominance: Which Area Leads the Global Narrowband Internet Of Things (IoT) Chipset Market?
North America was the largest region in the narrowband internet of things (IoT) chipset market in 2024
