Narrowband IoT Market, Global Outlook and Forecast 2023-2029
Narrowband IoT (NB-IoT) is a Low Power Wide Area Network (LPWAN) radio technology standard developed by 3GPP to enable a wide range of cellular devices and Services.
This report aims to provide a comprehensive presentation of the global market for Narrowband IoT, 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. This report contains market size and forecasts of Narrowband IoT in global, including the following market information:
- Global Narrowband IoT Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Narrowband IoT market was valued at US$ 253.6 million in 2022 and is projected to reach US$ 1246.7 million by 2029, at a CAGR of 25.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
NB-IoT focuses specifically on indoor coverage, low cost, long battery life, and high connection density. NB-IoT uses a subset of the LTE standard, but limits the bandwidth to a single narrow-band of 200kHz. It uses OFDM modulation for downlink communication and SC-FDMA for uplink communications.
We surveyed the Narrowband IoT companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Narrowband IoT Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Narrowband IoT Market Segment Percentages, by Type, 2022 (%)
- by Transmission Distance
- Short-range Communication
- Low Power Wide Area Network
- by Deployment Method
- Stand Alone
- Guard Band
- In Band
Global Narrowband IoT Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Narrowband IoT Market Segment Percentages, by Application, 2022 (%)
- Smart Governance
- Smart Metering
- Smart Buildings
- Smart Asset Tracking
- Others
Global Narrowband IoT Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Narrowband IoT 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 revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Narrowband IoT revenues share in global market, 2022 (%)
key players include:
- Huawei Technologies
- Vodafone
- Emirates Telecommunications
- Telecom Italia
- Qualcomm
- China Unicom
- Intel
- Ericsson
- Nokia Networks
- Verizon Communication
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Narrowband IoT, market overview.
- Chapter 2: Global Narrowband IoT market size in revenue.
- Chapter 3: Detailed analysis of Narrowband IoT company competitive landscape, revenue and 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 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: The main points and conclusions of the report.
