According to the Regional Research Reports, The Global NB-IoT Modules Market is expected to reach USD 5.32 billion by 2030 from USD 1.24 billion in 2021 at a CAGR of 19.6% from 2022 to 2030. Narrowband-IoT is an emerging wireless IoT communication technology that can connect IoT devices over a wider area and in places that are hard to access manually using limited bandwidth. The power-efficient NB-IoT modules help in ensuring a long battery life of approximately ten years as they consume minimal power for signal processing operations. The growth in the market is primarily driven by the increased demand for NB-IoT modules from various industries such as transportation, utilities, and oil & gas.
NB-IoT modules are low cost and have a long battery life, making them suitable for use in remote areas with no power supply. It has increased their demand from various industries such as utilities, oil & gas, and transportation.
Global NB-IoT Modules Market Segmentation
Regional Research Reports has segmented the global NB-IoT Modules Market based on type, application, and device type at a regional and global level. Geographically, the research report has considered the five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Moreover, the research study focuses on the market analysis of the tier-1 countries, such as the USA, China, Germany, India, the UK, Japan, France, Italy, Spain, Russia, South Korea, and other territories.
Global NB-IoT Modules Market Analysis by Type
- 900MHz Band
- 800MHz Band
Global NB-IoT Modules Market Analysis by Device Type
- Alarm & Detector
- Smart Parking
- Smart Meter
- Smart Lighting
- Tracker
- Wearables
- Others
Global NB-IoT Modules Market Analysis by Application
- Utilities, Smart City
- Consumer Electronics
- Logistics Transportation
- Agriculture and Environment
Global NB-IoT Modules Market Growth, by Region and Country, 2018-2021, 2022-2030 (US$ Millions)
Global NB-IoT Modules Market Analysis by Region and Country
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- South America (Brazil, Argentina, Peru, Colombia, Rest of South America)
- The Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA)
Global NB-IoT Modules Market Competitive: Key Players
The report includes a detailed analysis of leading market players, such as:
- Key companies Boom Trucks revenues in global market, 2018-2021 (Estimated), (US$ Millions)
- Key companies Boom Trucks revenues market share in global market, 2021 (%)
- Key companies Boom Trucks sold in the global market, 2018-2021 (Estimated)
Leading Boom Trucks Manufacturers –
- Quectel
- Ztewelink
- Ublox
- Lierda
- Neoway
- MobileTek
- Simcom
- LONGSUNG
- China Mobile
- Lenovo
- Fibocom
- Telit
- MEIG
- Cheerzing
- Sierra Wireless
- Gemalto
(Note: The list of the key market players can be updated with the latest market scenario and trends)
NB-IoT Modules Market Report Covers Comprehensive Analysis On:
- Market Segmentation & Regional Analysis
- Market Size of 10 years
- Pricing Analysis
- Supply & Demand Analysis
- Product Life Cycle Analysis
- Porter's Five Forces & Value/Supply Chain Analysis
- Developed & Emerging Economies Analysis
- PESTEL Analysis
- Market and Forecast Factor Analysis
- Market Opportunities, Risks, & Trends
- Conclusion & Recommendation
- Regulatory Landscape
- Patent Analysis
- Competition Landscape
- 15+ Company Profiles
NB-IoT Modules Market Research Methodology
The report is based on analysis through extensive secondary research and primary Interviews.
The secondary data sources include the company website, annual reports, investor presentations, press releases, white papers, journals, certified publications, government websites, and articles from the industry.
Similarly following is the list of a few paid secondary sources/databases,
- Factiva
- Statista
- D&B Hoovers
- Owler
- Enlyft
- HG Insights
- Bloomberg
- Crunchbase
The primary sources include CXOs, VPs, directors, technology & innovation directors, product managers, and related executives from key organizations from both the supply and demand sides. Similarly, we have also interviewed various end user organizations. We cannot reveal the end-user organizations due to non-disclosure agreements.
For instance, the region forecast is based on extensive secondary research and primary Interviews. We have conducted primary interviews across the regions to get more region-specific insights. Additionally, primary interviews were conducted with independent consultants and subject matter experts in respective regions. These experts were interviewed to obtain qualitative and quantitative information related to the market and validate the research findings and estimations. The primary and secondary data inputs referred for triangulation and forecast for the region segment are as follows,
- Top Player's historic revenues and Year on Year Growth
- Top Players' regional presence and revenue patterns
- Recent Developments and strategies of vendors and end users (E.g., Mergers & Acquisitions, Partnerships, New Product Launch, and others)
- R&D Investments & Innovation Landscape
- Start-up Ecosystem and Funding Initiatives
- Regulatory Environment and Implications (Country or region Specific)
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