NB-IoT chipset, also known as Narrow Band Internet of Things chipset, is a chipset designed specifically for NB IoT (Narrow Band Internet of Things) communication. NB-IoT technology is a low-power, wide coverage, and massive connectivity IoT technology that can utilize existing cellular network infrastructure to provide reliable data transmission services for various low-speed, low-frequency, and low-cost IoT applications.

Overview of Market Development and Analysis of Segmented Markets

With the continuous development and popularization of Internet of Things technology, NB-IoT technology has been widely used in fields such as smart cities, intelligent transportation, and smart homes due to its advantages of low power consumption, wide coverage, and low cost, driving steady growth in the global NB-IoT chipset market. According to our research data, the global NB-IoT chipset market size reached $12.27 billion in 2023. In the coming years, with the popularization of 5G technology and the continuous expansion of IoT applications, the NB IoT chipset market will continue to maintain a rapid growth trend. It is expected that the global NB-IoT chipset market size will increase to $21.40 billion by 2026.

According to different functions and integration levels, NB-loT chipsets can usually be divided into three categories: single-mode NB-loT chipsets, multi-mode NB-loT chipsets, and customized NB-loT chipsets. The single-mode NB-loT chipset only supports NB-IoT communication and typically has the characteristics of low power consumption, small size, and low cost, making it suitable for applications that require high communication distance and power consumption; The multi-mode NB-IoT chipset supports multiple wireless communication protocols such as NB IoT, GSM/GPRS, and WiFi. They have stronger universality and adaptability, but are usually more complex, larger, and expensive than single-mode NB-IoT chipsets; Customized NB-IoT chipsets are designed according to specific application requirements and are typically optimized for specific industries or application areas, with highly integrated and customized features. Among them, single-mode NB-loT chipsets account for the largest market share, at 47.05%.

Source: www.globalmarketmonitor.com

Analysis of Market Competitive Landscape

From the perspective of market competition, the concentration of the global NB-loT chipset market is relatively high. Data shows that in 2023, the top 3 companies in the industry achieved a total revenue of $8502 million in the NB-loT chipset market, with a total revenue share of 69.28%. The top 3 companies were HiSilicon (Huawei Technologies), Qualcomm Technologies, and Mediatek, which have advanced production processes and research and development capabilities and can provide high-performance, low-cost narrowband IoT chipset products to meet the needs of the global market. In 2023, HiSilicon (Huawei Technologies), Qualcomm Technologies, and Mediatek accounted for 53.06%, 8.73%, and 7.49% of the global market revenue in the NB-loT chipset market, respectively.

NB-IoT Chipset Market Size and Share of Main Companies in 2023