Adoption of Alarm and Detector by Various Industries Fuels the Market of Narrowband IOT Chipset Globally

Narrowband Internet of Things (IoT) chipset Market

Narrowband internet of things is a low power wide area network technology specially developed for IOT devices, which requires small amount of data for long time. According to International Energy Agency (IEA), which works to ensure reliable, affordable, and clean energy for its 29 member countries estimated that, 14 billion network devices will be enabled globally by 2020. These devices are connected for cost saving, remote control, and many more. Moreover, increasing innovation in IOT services and hardware offers an opportunity to generate a new revenue. For instance, internet connected wearable glasses are used for industrial application, control of IOT application from smart phones, and tablets etc. Hence, this increasing IOT devices and rising IOT innovation are some of the key factors, which drives the narrowband IOT chipset market globally.

Among the all segmentation infrastructure segment held the dominating position in 2016 and is projected to maintain its dominance throughout the forecast period. Increasing safety concern has become one of the major factors for the growth of the market in infrastructure segment. Adoption of alarm and detector by various industries fuels the market of narrowband IOT chipset globally. Moreover, the automotive and transportation segment is expected to grow with largest CAGR over the forecast period. Increasing installation of vehicle infotainment and telematics application has increased the narrowband IOT chipset market in automotive and transportation segment.

Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/804

Narrowband Internet of Things Chipset Market Outlook – Asia Pacific holds significant market share

On the basis of geography, global narrowband internet of things chipset market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America narrowband internet of things chipset market held the dominant position in 2016 and is projected to retain dominance over the forecast period. The U.S and Canada are some of the major countries which drive the market in North America region. According to the SmartAmerica Challenge, increasing support of the U.S government and investment for the adoption of IOT technology in various industries such as utilities, manufacturing, and healthcare are providing a key growth opportunities for narrowband internet of things market in the U.S. The Asia Pacific narrowband IOT chipset market is projected to increase with largest CAGR in the forecast period. India, china, and Japan are some of the major countries driving the market in Asia Pacific region. The investment for smart city projects by the Asia Pacific countries has become one of the major driving factors for growth of the market in the region.

Key Players in the Global Narrowband Internet of Things Chipset Market

Key players operating global narrowband internet of things chipset market include Vodafone Group PLC, Verizon Communications, U-Blox Holding AG, Samsung Electronics, Qualcomm Incorporated, Nokia Corporation, Mistase Communication System, Intel Corporation, Huawei Technologies Co. Ltd., and Ericsson.

Request For Customization of this Report @ https://www.coherentmarketinsights.com/insight/request-customization/804

You may be interested

Renal Denervation Devices Market – Effective Treatment Through Minimally Invasive Catheter-Based Endovascular Procedure To Drive Market Growth
Healthcare
Healthcare

Renal Denervation Devices Market – Effective Treatment Through Minimally Invasive Catheter-Based Endovascular Procedure To Drive Market Growth

Mohit Joshi - October 20, 2018

The Renal Denervation Devices Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released by Coherent Market Insights, added in its…

Transcatheter Aortic Valve Implantation (TAVI) Market – High Prevalence Of Aortic Stenosis Is Responsible For Growth
Healthcare
Healthcare

Transcatheter Aortic Valve Implantation (TAVI) Market – High Prevalence Of Aortic Stenosis Is Responsible For Growth

Mohit Joshi - October 20, 2018

The Transcatheter Aortic Valve Implantation (TAVI) Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released by Coherent Market Insights, added…

Robotic Rehabilitation and Assistive Technologies Market – Increasing Prevalence Of Disability Around The Globe
Healthcare
Healthcare

Robotic Rehabilitation and Assistive Technologies Market – Increasing Prevalence Of Disability Around The Globe

Mohit Joshi - October 20, 2018

The Robotic Rehabilitation and Assistive Technologies Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released by Coherent Market Insights, added…

Most from this category