NB-IoT
is expected to be one of the most efficient connectivity technologies for
real-time data transfer as it consumes less power and covers a wider area than
existing LPWA technologies, such as LoRa and Sigfox. The NB-IoT chipset market
is projected to reach USD 2,002 million by 2024 from USD 272 million in 2019 at
a CAGR of 49.1%. Growing adoption of IoT and rise in the use of connected
devices, and increasing demand for low-power, low-cost, and long-range
connectivity are the key drivers for the groth of this market. Emerging smart
city initiatives and smart buildings across the world pose a huge growth
opportunity for companies involved in this market.
The NB-IoT
chipset market is highly competitive with the growing presence of
multinational, domestic, and start-up companies. Product developments and
launches have been the key strategies adopted by industry players to grow in
the NB-IoT chipset market. Companies such as Qualcomm, Nordic Semiconductor,
Huawei, Riot Micro, MediaTek, Samsung Electronics, and Commsolid adopted these
strategies to develop their NB-IoT chipset business. Besides organic growth
strategies, companies have adopted strategies such as collaborations,
partnerships, and agreement in the NB-IoT chipset market. Major IT giants such
as Huawei, Nordic Semiconductor, Intel, and MediaTek follow these strategies.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59565925
Huawei
(China) is among the frontrunners in the NB-IoT chipset market owing to early
development and deployment of NB-IoT chipsets, especially by forming
partnerships and collaborations with domestic service providers, specifically
in the metering and parking applications. The company has R&D centers in 21
countries, including China, the US, Canada, the UK, India, Russia, and Turkey.
It is currently emphasizing on improving its geographic footprint in the NB-IoT
market by partnering with regional players. For instance, in May 2018, MTN SA
successfully deployed Huawei’s CloudAIR 2.0 solution to share spectrum between
2G, 3G, 4G, and NB-IoT radio technologies in the 900 MHz band. This development
enables MTN SA to make more efficient use of its limited 900 MHz spectrum
allocation and achieve a 45% increase in LTE throughput within the band.
Qualcomm
(US) is among the key players operating in the NB-IoT chipset market.
Its expertise in cellular modem development, along with the global
presence, differentiates Qualcomm from other players. The company offers 3
modems in NB-IoT chipset space—MDM9206, 9205 LTE, and MDM 9207-1. Moreover, its
Snapdragon 1200 Wearable Platform is one of the most sophisticated and
exclusive platforms developed for the development of NB-IoT solutions for
wearables. Strong reliance on organic growth as well as partnerships and
collaborations with regional players remain the key growth strategies for the
company to strengthen its position in the NB-IoT chipset market. In June 2018,
Qualcomm Technologies and Gizwits (China) announced their intention to create
the world’s first commercial 2G cellular modules with field upgrades to LTE IoT
(eMTC/Cat-M1 and NB-IoT/Cat-NB1).
About
MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the “Growth Engagement Model – GEM”. The GEM aims at
proactive collaboration with the clients to identify new opportunities,
identify most important customers, write “Attack, avoid and defend” strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments. MarketsandMarkets™
is determined to benefit more than 10,000 companies this year for their revenue
planning and help them take their innovations/disruptions early to the market
by providing them research ahead of the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
“Knowledgestore” connects over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along with market sizing and
forecasts of niche markets.
Contact:
Mr.
Sanjay Gupta
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
newsletter@marketsandmarkets.com
No comments:
Post a Comment