A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Narrowband IoT Chipset – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 5521
Companies: 10 – Players covered include Commsolid GmbH; Ericsson AB; Huawei Technologies Co., Ltd.; Intel Corporation; Nokia Corporation; Qualcomm, Inc.; Samsung Electronics Co., Ltd.; Sequans Communications SA; u-blox Holding AG; Verizon Communications, Inc.; Vodafone Group PLC and Others.
Coverage: All major geographies and key segments
Segments: Deployment Type (Guard Band, In-band, Standalone); Device (Alarms & Detector, Smart Appliance, Tracker, Smart Meter, Wearable Devices, Other Devices)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Narrowband IoT Chipset Market to Reach $615.9 Million by 2026
Amid the COVID-19 crisis, the global market for Narrowband IoT Chipset estimated at US$41.7 Million in the year 2020, is projected to reach a revised size of US$615.9 Million by 2026, growing at a CAGR of 56% over the analysis period. Alarms & Detector, one of the segments analyzed in the report, is projected to record a 61.2% CAGR and reach US$396.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Appliance segment is readjusted to a revised 55.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $21.2 Million in 2021, While China is Forecast to Reach $97.9 Million by 2026
The Narrowband IoT Chipset market in the U.S. is estimated at US$21.2 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$97.9 Million by the year 2026 trailing a CAGR of 52.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 50.1% and 46.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 36.9% CAGR.
Tracker Segment to Reach US$63.7 Million by the year 2026
In the global Tracker segment, USA, Canada, Japan, China and Europe will drive the 62.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Million in the year 2020 will reach a projected size of US$80.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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