Narrowband IoT Chipset Market

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Global Narrowband IoT (NB-IoT) Chipset Market Size

The global Narrowband IoT (NB-IoT) chipset market was worth USD 412 million in 2025. The global market is predicted to reach USD 678.40 million in 2026 and USD 36,660 million by 2034, growing at a robust growth rate CAGR of 64.66% from 2026 to 2034.

MARKET SCENARIO

The major factors favoring the N.B. IoT Chipset market are the increasing rates in the adoption of IoT, the sudden growth and need for the installations of network-enabled devices, and the growing demand for long-range connectivity among the networks etc. Apart from these, factors such as the high reliability of N.B. IoT chipsets, the low operational costs involved, and the lower power consumption factor of these chipsets are also aiding the growth of this market globally. However, non-standardized issues and unstable updates are hurting this market.

REPORT COVERAGE

REGIONAL ANALYSIS

The North American region has dominated the global market by accounting for most of the market share and revenue. The U.S. government's investment in launching the IoT in various sectors, such as infrastructure and public services, under programs such as "Smart America," drove the N.B. chip market in North America's IoT and helped it place its position so strong. Deploying intelligent cities and infrastructures in countries such as China, Japan, and India will contribute to the fastest progress in the Asia-Pacific region over the planned period.

KEY MARKET PARTICIPANTS

The significant players in the narrowband IoT market are Huawei Technologies Co. Ltd., Ericsson, Vodafone Group PLC, Qualcomm Incorporated, Intel Corporation, Samsung Group, Nokia Networks, Verizon Communications, CommSolid GmbH, U-Blox Holding AG, and MistBase AB.

RECENT MARKET HAPPENINGS

• In March 2019, CEVA Inc., a semiconductor company, collaborated with an I.C. design company, our link Technology, to launch Nurlink's NK6010 3GPP Rel.. 14 eNB-IoT system-on-chip (SoC).

• In February 2019, a semiconductor industrial company, STMicroelectronics, unveiled a Linux-driven STM32MP1 SoC, its first Cortex-A chip optimized for small cells, portable base stations, and specialized handsets.

• In January 2019, Qualcomm Technologies Inc., an American semiconductor company and a subsidiary of Nasdaq-listed Qualcomm, has recently declared the integration of the Qualcomm Snapdragon mobile platform with 5G integrated chip (SoC). The company said adding the 5G multimode modem and application processing technologies in one system-on-a-chip was essential in making 5G more widely available in all regions and levels.

MARKET SEGMENTATION

This global narrowband IoT (NB-IoT) chipset market research report has been segmented and sub-segmented based on the offering, device, deployment type, end-user application, and region.

By Offering

• Hardware
• Software

By Device

• Alarms & Detector
• Trackers
• Smart Appliance
• Smart Meters
• Wearable Devices
• Others

By Deployment Type

• In-band
• Guard band
• Standalone

By End-Use Application

• Agriculture
• Automotive & Transportation
• Energy
• Healthcare
• Manufacturing
• Retail
• Safety & Security
• Infrastructure
• Building Automation
• Others

By Region

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus