The Cellular IoT Chipset Market is expected to grow from USD 461 million in 2020 to USD 3,585 million by 2026 at a CAGR of 42.0% from 2020 to 2026.
Cellular Internet of Things is a wireless technology which enables various devices to connect among cellular telecommunication bands. Owing to this low power technology, it is highly deployed in devices operating at low data rates. The key benefits of cellular IoT chipsets can be deployed as a simple extension of new software to the current LTE infrastructure, resulting in fast development, global roaming, and economies of scale and many others. Stimulated by the rapidly-increasing applications of cellular-IoT technology, more and more technology companies and telecommunications service providers are projected to design and develop cellular-IoT devices and roll out services, thereby propelling the market growth over the forecast period. Developments in Machine Learning (ML), Artificial Intelligence (AI) and big data analytics would specifically allow companies to analyze the huge volumes of data attained from tracking and monitoring activities using IoT networks. As a result, the increasing adoption of IoT and connected devices as well as AI, ML, and big data analytics among industrial and commercial applications are also projected to contribute toward the growth of the market. However, the rigid competition from other LPWA technologies and privacy and security concerns will hamper the market growth.
The global Cellular IoT Chipset Market is segregated on the basis of Offering as Hardware, Processor, Memory, Power Management Unit and Software. Based on Deployment the global Cellular IoT Chipset Market is segmented in Guard, In-band and Standalone. Based on Application the global Cellular IoT Chipset Market is segmented in Smart Meters, Smart Parking, Trackers, Alarms & Detectors, Wearable Devices and Other Devices. Based on Industry Vertical the global Cellular IoT Chipset Market is segmented in Agriculture, Automotive & Transportation, Energy & Utilities, Healthcare, Infrastructure and Others.
The global Cellular IoT Chipset Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Cellular IoT Chipset Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Huawei, Qualcomm, Samsung, Nordic Semiconductor, and others are among the major players in the global Cellular IoT Chipset Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
In February 2019, Nordic Semiconductor’s introduced nRF9160 System-in-Package (SiP) LTE-M/NB-IoT cellular IoT (CIoT) module is the first products to be awarded PSA Certified Level 1 certification under a novel IoT security plan spearheaded by Arm.
In February 2019, du, commercially rebranded from UAE-based Emirates Integrated Telecommunications Company (EITC), coupled with the Nokia (Finland), Affirmed Networks (US), and MediaTek, announced the introduction of next-generation NB-IoT network based on the latest 3GPP Release 14 standard in the UAE.
The global Cellular IoT Chipset Market has been segmented as below:
Cellular IoT Chipset Market, By Offering
Hardware
Processor
Memory
Power Management Unit
Software
Cellular IoT Chipset Market, By Deployment
Guard
In-band
Standalone
Cellular IoT Chipset Market, By Application
Smart Meters
Smart Parking
Trackers
Alarms & Detectors
Wearable Devices
Other Devices
Cellular IoT Chipset Market, By Industry Vertical
Agriculture
Automotive & Transportation
Energy & Utilities
Healthcare
Infrastructure
Others
Cellular IoT Chipset Market, By Region
Europe
North America
Asia Pacific
Rest of The World
Cellular IoT Chipset Market, By Company
Huawei
Qualcomm
Samsung
Nordic Semiconductor
Altair Semiconductor
Cheerzing
Sercomm
SIMCom
Sequans Communications
Sierra Wireless
u-blox
ZTE
RDA
MediaTek
The report covers the below scope:
Global Cellular IoT Chipset Market sizes from 2020 to 2025, along with CAGR for 2020-2025
Market size comparison for 2019 vs 2025, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2025
Global Cellular IoT Chipset Market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Cellular IoT Chipset Market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
The years considered for the study are as follows:
Base year - 2019
Estimated year - 2019
Projected year - 2020
Forecast period - 2021 to 2026
Report Scope:
The global Cellular IoT Chipset Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Cellular IoT Chipset Market share. Major industry players with significant revenue share include Huawei, Qualcomm, Samsung, Nordic Semiconductor, Altair Semiconductor, Cheerzing, Sercomm and others.
Why to Buy this Report:
Gain detailed insights on the Cellular IoT Chipset industry trends
Find complete analysis on the market status
Identify the Cellular IoT Chipset Market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making
Target Audience:
The report targeted towards the existing players in the industry is as follows:
Market Manufacturers/Service Providers
Market Wholesale/Traders
Investment and Financial Institutions
Free and Paid Customization based on the requirement
Report Content
Introduction
Key Points
Report Description
Markets Covered
Stakeholders
Research Methodology
Research Scope
Research Methodology
Market Research Process
Research Methodology
Secondary Research
Primary Research
Models for Estimation
Market Size Estimation
Bottom-Up Approach
Top-Down Approach
Executive Summary
Market Overview
Introduction
Drivers
Restraints
Opportunities
Challenges
Cellular IoT Chipset Market, By Offering
Key Points
Hardware
Processor
Memory
Power Management Unit
Software
Cellular IoT Chipset Market, By Deployment
Key Points
Guard
In-band
Standalone
Cellular IoT Chipset Market, By Application
Key Points
Smart Meters
Smart Parking
Trackers
Alarms & Detectors
Wearable Devices
Other Devices
Cellular IoT Chipset Market, By Industry Vertical
Key Points
Agriculture
Automotive & Transportation
Energy & Utilities
Healthcare
Infrastructure
Others
Competitive Landscape
Introduction
Start-up companies- Cellular IoT Chipset Market
Recent Developments
Mergers & Acquisitions
New Product Developments
Portfolio/Production Capacity Expansions
Joint Ventures, Collaborations, Partnerships & Agreements
Others
Company Profile
Huawei
Qualcomm
Samsung
Nordic Semiconductor
Altair Semiconductor
Cheerzing
Sercomm
SIMCom
Sequans Communications
Sierra Wireless
u-blox
ZTE
RDA
MediaTek