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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Narrowband IoT Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Narrowband IoT Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Narrowband IoT Overall Market Size
2.1 Global Narrowband IoT Market Size: 2022 VS 2029
2.2 Global Narrowband IoT Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Narrowband IoT Players in Global Market
3.2 Top Global Narrowband IoT Companies Ranked by Revenue
3.3 Global Narrowband IoT Revenue by Companies
3.4 Top 3 and Top 5 Narrowband IoT Companies in Global Market, by Revenue in 2022
3.5 Global Companies Narrowband IoT Product Type
3.6 Tier 1, Tier 2 and Tier 3 Narrowband IoT Players in Global Market
3.6.1 List of Global Tier 1 Narrowband IoT Companies
3.6.2 List of Global Tier 2 and Tier 3 Narrowband IoT Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Narrowband IoT Market Size Markets, 2022 & 2029
4.1.2 Short-range Communication
4.1.3 Low Power Wide Area Network
4.2 By Type - Global Narrowband IoT Revenue & Forecasts
4.2.1 By Type - Global Narrowband IoT Revenue, 2018-2023
4.2.2 By Type - Global Narrowband IoT Revenue, 2024-2029
4.2.3 By Type - Global Narrowband IoT Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Narrowband IoT Market Size, 2022 & 2029
5.1.2 Smart Governance
5.1.3 Smart Metering
5.1.4 Smart Buildings
5.1.5 Smart Asset Tracking
5.1.6 Others
5.2 By Application - Global Narrowband IoT Revenue & Forecasts
5.2.1 By Application - Global Narrowband IoT Revenue, 2018-2023
5.2.2 By Application - Global Narrowband IoT Revenue, 2024-2029
5.2.3 By Application - Global Narrowband IoT Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Narrowband IoT Market Size, 2022 & 2029
6.2 By Region - Global Narrowband IoT Revenue & Forecasts
6.2.1 By Region - Global Narrowband IoT Revenue, 2018-2023
6.2.2 By Region - Global Narrowband IoT Revenue, 2024-2029
6.2.3 By Region - Global Narrowband IoT Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Narrowband IoT Revenue, 2018-2029
6.3.2 US Narrowband IoT Market Size, 2018-2029
6.3.3 Canada Narrowband IoT Market Size, 2018-2029
6.3.4 Mexico Narrowband IoT Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Narrowband IoT Revenue, 2018-2029
6.4.2 Germany Narrowband IoT Market Size, 2018-2029
6.4.3 France Narrowband IoT Market Size, 2018-2029
6.4.4 U.K. Narrowband IoT Market Size, 2018-2029
6.4.5 Italy Narrowband IoT Market Size, 2018-2029
6.4.6 Russia Narrowband IoT Market Size, 2018-2029
6.4.7 Nordic Countries Narrowband IoT Market Size, 2018-2029
6.4.8 Benelux Narrowband IoT Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Narrowband IoT Revenue, 2018-2029
6.5.2 China Narrowband IoT Market Size, 2018-2029
6.5.3 Japan Narrowband IoT Market Size, 2018-2029
6.5.4 South Korea Narrowband IoT Market Size, 2018-2029
6.5.5 Southeast Asia Narrowband IoT Market Size, 2018-2029
6.5.6 India Narrowband IoT Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Narrowband IoT Revenue, 2018-2029
6.6.2 Brazil Narrowband IoT Market Size, 2018-2029
6.6.3 Argentina Narrowband IoT Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Narrowband IoT Revenue, 2018-2029
6.7.2 Turkey Narrowband IoT Market Size, 2018-2029
6.7.3 Israel Narrowband IoT Market Size, 2018-2029
6.7.4 Saudi Arabia Narrowband IoT Market Size, 2018-2029
6.7.5 UAE Narrowband IoT Market Size, 2018-2029
7 Narrowband IoT Companies Profiles
7.1 Huawei Technologies
7.1.1 Huawei Technologies Company Summary
7.1.2 Huawei Technologies Business Overview
7.1.3 Huawei Technologies Narrowband IoT Major Product Offerings
7.1.4 Huawei Technologies Narrowband IoT Revenue in Global Market (2018-2023)
7.1.5 Huawei Technologies Key News & Latest Developments
7.2 Vodafone
7.2.1 Vodafone Company Summary
7.2.2 Vodafone Business Overview
7.2.3 Vodafone Narrowband IoT Major Product Offerings
7.2.4 Vodafone Narrowband IoT Revenue in Global Market (2018-2023)
7.2.5 Vodafone Key News & Latest Developments
7.3 Emirates Telecommunications
7.3.1 Emirates Telecommunications Company Summary
7.3.2 Emirates Telecommunications Business Overview
7.3.3 Emirates Telecommunications Narrowband IoT Major Product Offerings
7.3.4 Emirates Telecommunications Narrowband IoT Revenue in Global Market (2018-2023)
7.3.5 Emirates Telecommunications Key News & Latest Developments
7.4 Telecom Italia
7.4.1 Telecom Italia Company Summary
7.4.2 Telecom Italia Business Overview
7.4.3 Telecom Italia Narrowband IoT Major Product Offerings
7.4.4 Telecom Italia Narrowband IoT Revenue in Global Market (2018-2023)
7.4.5 Telecom Italia Key News & Latest Developments
7.5 Qualcomm
7.5.1 Qualcomm Company Summary
7.5.2 Qualcomm Business Overview
7.5.3 Qualcomm Narrowband IoT Major Product Offerings
7.5.4 Qualcomm Narrowband IoT Revenue in Global Market (2018-2023)
7.5.5 Qualcomm Key News & Latest Developments
7.6 China Unicom
7.6.1 China Unicom Company Summary
7.6.2 China Unicom Business Overview
7.6.3 China Unicom Narrowband IoT Major Product Offerings
7.6.4 China Unicom Narrowband IoT Revenue in Global Market (2018-2023)
7.6.5 China Unicom Key News & Latest Developments
7.7 Intel
7.7.1 Intel Company Summary
7.7.2 Intel Business Overview
7.7.3 Intel Narrowband IoT Major Product Offerings
7.7.4 Intel Narrowband IoT Revenue in Global Market (2018-2023)
7.7.5 Intel Key News & Latest Developments
7.8 Ericsson
7.8.1 Ericsson Company Summary
7.8.2 Ericsson Business Overview
7.8.3 Ericsson Narrowband IoT Major Product Offerings
7.8.4 Ericsson Narrowband IoT Revenue in Global Market (2018-2023)
7.8.5 Ericsson Key News & Latest Developments
7.9 Nokia Networks
7.9.1 Nokia Networks Company Summary
7.9.2 Nokia Networks Business Overview
7.9.3 Nokia Networks Narrowband IoT Major Product Offerings
7.9.4 Nokia Networks Narrowband IoT Revenue in Global Market (2018-2023)
7.9.5 Nokia Networks Key News & Latest Developments
7.10 Verizon Communication
7.10.1 Verizon Communication Company Summary
7.10.2 Verizon Communication Business Overview
7.10.3 Verizon Communication Narrowband IoT Major Product Offerings
7.10.4 Verizon Communication Narrowband IoT Revenue in Global Market (2018-2023)
7.10.5 Verizon Communication Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Narrowband IoT Market Opportunities & Trends in Global Market
Table 2. Narrowband IoT Market Drivers in Global Market
Table 3. Narrowband IoT Market Restraints in Global Market
Table 4. Key Players of Narrowband IoT in Global Market
Table 5. Top Narrowband IoT Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Narrowband IoT Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Narrowband IoT Revenue Share by Companies, 2018-2023
Table 8. Global Companies Narrowband IoT Product Type
Table 9. List of Global Tier 1 Narrowband IoT Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Narrowband IoT Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Narrowband IoT Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Narrowband IoT Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Narrowband IoT Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Narrowband IoT Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Narrowband IoT Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Narrowband IoT Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Narrowband IoT Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Narrowband IoT Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Narrowband IoT Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Narrowband IoT Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Narrowband IoT Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Narrowband IoT Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Narrowband IoT Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Narrowband IoT Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Narrowband IoT Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Narrowband IoT Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Narrowband IoT Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Narrowband IoT Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Narrowband IoT Revenue, (US$, Mn), 2024-2029
Table 30. Huawei Technologies Company Summary
Table 31. Huawei Technologies Narrowband IoT Product Offerings
Table 32. Huawei Technologies Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 33. Huawei Technologies Key News & Latest Developments
Table 34. Vodafone Company Summary
Table 35. Vodafone Narrowband IoT Product Offerings
Table 36. Vodafone Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 37. Vodafone Key News & Latest Developments
Table 38. Emirates Telecommunications Company Summary
Table 39. Emirates Telecommunications Narrowband IoT Product Offerings
Table 40. Emirates Telecommunications Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 41. Emirates Telecommunications Key News & Latest Developments
Table 42. Telecom Italia Company Summary
Table 43. Telecom Italia Narrowband IoT Product Offerings
Table 44. Telecom Italia Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 45. Telecom Italia Key News & Latest Developments
Table 46. Qualcomm Company Summary
Table 47. Qualcomm Narrowband IoT Product Offerings
Table 48. Qualcomm Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 49. Qualcomm Key News & Latest Developments
Table 50. China Unicom Company Summary
Table 51. China Unicom Narrowband IoT Product Offerings
Table 52. China Unicom Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 53. China Unicom Key News & Latest Developments
Table 54. Intel Company Summary
Table 55. Intel Narrowband IoT Product Offerings
Table 56. Intel Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 57. Intel Key News & Latest Developments
Table 58. Ericsson Company Summary
Table 59. Ericsson Narrowband IoT Product Offerings
Table 60. Ericsson Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 61. Ericsson Key News & Latest Developments
Table 62. Nokia Networks Company Summary
Table 63. Nokia Networks Narrowband IoT Product Offerings
Table 64. Nokia Networks Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 65. Nokia Networks Key News & Latest Developments
Table 66. Verizon Communication Company Summary
Table 67. Verizon Communication Narrowband IoT Product Offerings
Table 68. Verizon Communication Narrowband IoT Revenue (US$, Mn) & (2018-2023)
Table 69. Verizon Communication Key News & Latest Developments
List of Figures
Figure 1. Narrowband IoT Segment by Type in 2022
Figure 2. Narrowband IoT Segment by Application in 2022
Figure 3. Global Narrowband IoT Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Narrowband IoT Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Narrowband IoT Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Narrowband IoT Revenue in 2022
Figure 8. By Type - Global Narrowband IoT Revenue Market Share, 2018-2029
Figure 9. By Application - Global Narrowband IoT Revenue Market Share, 2018-2029
Figure 10. By Type - Global Narrowband IoT Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Narrowband IoT Revenue Market Share, 2018-2029
Figure 12. By Application - Global Narrowband IoT Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Narrowband IoT Revenue Market Share, 2018-2029
Figure 14. By Region - Global Narrowband IoT Revenue Market Share, 2018-2029
Figure 15. By Country - North America Narrowband IoT Revenue Market Share, 2018-2029
Figure 16. US Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Narrowband IoT Revenue Market Share, 2018-2029
Figure 20. Germany Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 21. France Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Narrowband IoT Revenue Market Share, 2018-2029
Figure 28. China Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 32. India Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Narrowband IoT Revenue Market Share, 2018-2029
Figure 34. Brazil Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Narrowband IoT Revenue Market Share, 2018-2029
Figure 37. Turkey Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Narrowband IoT Revenue, (US$, Mn), 2018-2029
Figure 41. Huawei Technologies Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Vodafone Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Emirates Telecommunications Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Telecom Italia Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Qualcomm Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. China Unicom Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Intel Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Ericsson Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Nokia Networks Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Verizon Communication Narrowband IoT Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
