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Narrowband IoT Chipset Market, Global Outlook and Forecast 2024-2031

The global Narrowband IoT Chipset market was valued at US$ 70 million in 2023 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.


The USA market for Global Narrowband IoT Chipset market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.



The China market for Global Narrowband IoT Chipset market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.


The Europe market for Global Narrowband IoT Chipset market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.


Need for low-power consumption and low cost is expected to drive the NB-IoT market.

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


  • Global Narrowband IoT Chipset Market Revenue, 2019-2024, 2024-2029, ($ millions)

  • Global Narrowband IoT Chipset Market Sales, 2019-2024, 2024-2029, (K Units)

  • Global top five Narrowband IoT Chipset companies in 2023 (%)

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Narrowband 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 Chipset Market, by Type, 2019-2024, 2024-2029 ($ Millions) & (K Units)

Global Narrowband IoT Chipset Market Segment Percentages, by Type, 2023 (%)


  • Hardware Devices

  • Software

  • Service

Global Narrowband IoT Chipset Market, by Application, 2019-2024, 2024-2029 ($ Millions) & (K Units)

Global Narrowband IoT Chipset Market Segment Percentages, by Application, 2023 (%)


  • Energy & Utilities

  • Infrastructure

  • Building Automation

  • Other

Global Narrowband IoT Chipset Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions) & (K Units)

Global Narrowband IoT Chipset Market Segment Percentages, By Region and Country, 2023 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Narrowband IoT Chipset revenues in global market, 2019-2024 (Estimated), ($ millions)

  • Key companies Narrowband IoT Chipset revenues share in global market, 2023 (%)

  • Key companies Narrowband IoT Chipset sales in global market, 2019-2024 (Estimated), (K Units)

  • Key companies Narrowband IoT Chipset sales share in global market, 2023 (%)

key players include:


  • Huawei (China)

  • Qualcomm (US)

  • Samsung (South Korea),

  • Nordic Semiconductor (Norway)

  • Altair Semiconductor (Sony Group Company) (Israel)

  • Cheerzing (China)

  • Sercomm (Taiwan)

  • SIMCom (China)

  • Sequans Communications (France)

  • Sierra Wireless (Canada)

  • u-blox (Switzerland)

  • ZTE (China)

  • RDA (China)

  • MediaTek (Taiwan)

Chapter 1: Introduces the definition of Narrowband IoT Chipset, market overview.

Chapter 2: Global Narrowband IoT Chipset market size in revenue and volume.

Chapter 3: Detailed analysis of Narrowband 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 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 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.

Table of content

1 Introduction to Research & Analysis Reports1.1 Narrowband IoT Chipset Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Narrowband IoT Chipset Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Narrowband IoT Chipset Overall Market Size2.1 Global Narrowband IoT Chipset Market Size: 2022 VS 20312.2 Global Narrowband IoT Chipset Revenue, Prospects & Forecasts: 2019-20312.3 Global Narrowband IoT Chipset Sales: 2019-20313 Company Landscape3.1 Top Narrowband IoT Chipset Players in Global Market3.2 Top Global Narrowband IoT Chipset Companies Ranked by Revenue3.3 Global Narrowband IoT Chipset Revenue by Companies3.4 Global Narrowband IoT Chipset Sales by Companies3.5 Global Narrowband IoT Chipset Price by Manufacturer (2019-2024)3.6 Top 3 and Top 5 Narrowband IoT Chipset Companies in Global Market, by Revenue in 20223.7 Global Manufacturers Narrowband IoT Chipset Product Type3.8 Tier 1, Tier 2 and Tier 3 Narrowband IoT Chipset Players in Global Market3.8.1 List of Global Tier 1 Narrowband IoT Chipset Companies3.8.2 List of Global Tier 2 and Tier 3 Narrowband IoT Chipset Companies4 Sights by Product4.1 Overvi

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