Narrowband Internet-of-Things (IoT) Chipset Market Report – Research, Industry Analysis Reports and Market Demands

Global Narrowband Internet-of-Things (IoT) Chipset Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

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Table of Content

1 Market Overview

1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
- 1.3.1 Overview: Global Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Type: 2021 Versus 2025 Versus 2032
- 1.3.2 Modem Chipset
- 1.3.3 Microcontroller Unit (MCU)
- 1.3.4 System-on-Chip (SoC)
- 1.3.5 RF Front-End Chip
1.4 Market Analysis by Network Protocol
- 1.4.1 Overview: Global Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Network Protocol: 2021 Versus 2025 Versus 2032
- 1.4.2 NB‑IoT
- 1.4.3 LTE‑M
- 1.4.4 eMTC
- 1.4.5 5G‑IoT
- 1.4.6 Proprietary LPWAN
1.5 Market Analysis by Power Consumption Class
- 1.5.1 Overview: Global Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Power Consumption Class: 2021 Versus 2025 Versus 2032
- 1.5.2 Ultra-Low Power
- 1.5.3 Low Power
- 1.5.4 Medium Power
- 1.5.5 High Power
1.6 Market Analysis by Form Factor
- 1.6.1 Overview: Global Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Form Factor: 2021 Versus 2025 Versus 2032
- 1.6.2 Chip on Board (COB)
- 1.6.3 Chip Scale Package (CSP)
- 1.6.4 Module Integrated Chip
- 1.6.5 Multi-Chip Package (MCP)
1.7 Market Analysis by Application
- 1.7.1 Overview: Global Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Application: 2021 Versus 2025 Versus 2032
- 1.7.2 Consumer Electronics
- 1.7.3 Cities infrastructure
- 1.7.4 Agriculture
- 1.7.5 Industrial IoT
- 1.7.6 Healthcare
- 1.7.7 Logistics Management
1.8 Global Narrowband Internet-of-Things (IoT) Chipset Market Size & Forecast
- 1.8.1 Global Narrowband Internet-of-Things (IoT) Chipset Consumption Value (2021 & 2025 & 2032)
- 1.8.2 Global Narrowband Internet-of-Things (IoT) Chipset Sales Quantity (2021-2032)
- 1.8.3 Global Narrowband Internet-of-Things (IoT) Chipset Average Price (2021-2032)

2 Manufacturers Profiles

3 Competitive Environment: Narrowband Internet-of-Things (IoT) Chipset by Manufacturer

3.1 Global Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Manufacturer (2021-2026)
3.2 Global Narrowband Internet-of-Things (IoT) Chipset Revenue by Manufacturer (2021-2026)
3.3 Global Narrowband Internet-of-Things (IoT) Chipset Average Price by Manufacturer (2021-2026)
3.4 Market Share Analysis (2025)
- 3.4.1 Producer Shipments of Narrowband Internet-of-Things (IoT) Chipset by Manufacturer Revenue ($MM) and Market Share (%): 2025
- 3.4.2 Top 3 Narrowband Internet-of-Things (IoT) Chipset Manufacturer Market Share in 2025
- 3.4.3 Top 6 Narrowband Internet-of-Things (IoT) Chipset Manufacturer Market Share in 2025
3.5 Narrowband Internet-of-Things (IoT) Chipset Market: Overall Company Footprint Analysis
- 3.5.1 Narrowband Internet-of-Things (IoT) Chipset Market: Region Footprint
- 3.5.2 Narrowband Internet-of-Things (IoT) Chipset Market: Company Product Type Footprint
- 3.5.3 Narrowband Internet-of-Things (IoT) Chipset Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

4.1 Global Narrowband Internet-of-Things (IoT) Chipset Market Size by Region
- 4.1.1 Global Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Region (2021-2032)
- 4.1.2 Global Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Region (2021-2032)
- 4.1.3 Global Narrowband Internet-of-Things (IoT) Chipset Average Price by Region (2021-2032)
4.2 North America Narrowband Internet-of-Things (IoT) Chipset Consumption Value (2021-2032)
4.3 Europe Narrowband Internet-of-Things (IoT) Chipset Consumption Value (2021-2032)
4.4 Asia-Pacific Narrowband Internet-of-Things (IoT) Chipset Consumption Value (2021-2032)
4.5 South America Narrowband Internet-of-Things (IoT) Chipset Consumption Value (2021-2032)
4.6 Middle East & Africa Narrowband Internet-of-Things (IoT) Chipset Consumption Value (2021-2032)

5 Market Segment by Type

5.1 Global Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Type (2021-2032)
5.2 Global Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Type (2021-2032)
5.3 Global Narrowband Internet-of-Things (IoT) Chipset Average Price by Type (2021-2032)

6 Market Segment by Application

6.1 Global Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Application (2021-2032)
6.2 Global Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Application (2021-2032)
6.3 Global Narrowband Internet-of-Things (IoT) Chipset Average Price by Application (2021-2032)

7 North America

7.1 North America Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Type (2021-2032)
7.2 North America Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Application (2021-2032)
7.3 North America Narrowband Internet-of-Things (IoT) Chipset Market Size by Country
- 7.3.1 North America Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Country (2021-2032)
- 7.3.2 North America Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Country (2021-2032)
- 7.3.3 United States Market Size and Forecast (2021-2032)
- 7.3.4 Canada Market Size and Forecast (2021-2032)
- 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

8.1 Europe Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Type (2021-2032)
8.2 Europe Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Application (2021-2032)
8.3 Europe Narrowband Internet-of-Things (IoT) Chipset Market Size by Country
- 8.3.1 Europe Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Country (2021-2032)
- 8.3.2 Europe Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Country (2021-2032)
- 8.3.3 Germany Market Size and Forecast (2021-2032)
- 8.3.4 France Market Size and Forecast (2021-2032)
- 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
- 8.3.6 Russia Market Size and Forecast (2021-2032)
- 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

9.1 Asia-Pacific Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Type (2021-2032)
9.2 Asia-Pacific Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Application (2021-2032)
9.3 Asia-Pacific Narrowband Internet-of-Things (IoT) Chipset Market Size by Region
- 9.3.1 Asia-Pacific Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Region (2021-2032)
- 9.3.2 Asia-Pacific Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Region (2021-2032)
- 9.3.3 China Market Size and Forecast (2021-2032)
- 9.3.4 Japan Market Size and Forecast (2021-2032)
- 9.3.5 South Korea Market Size and Forecast (2021-2032)
- 9.3.6 India Market Size and Forecast (2021-2032)
- 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
- 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

10.1 South America Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Type (2021-2032)
10.2 South America Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Application (2021-2032)
10.3 South America Narrowband Internet-of-Things (IoT) Chipset Market Size by Country
- 10.3.1 South America Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Country (2021-2032)
- 10.3.2 South America Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Country (2021-2032)
- 10.3.3 Brazil Market Size and Forecast (2021-2032)
- 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

11.1 Middle East & Africa Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Type (2021-2032)
11.2 Middle East & Africa Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Application (2021-2032)
11.3 Middle East & Africa Narrowband Internet-of-Things (IoT) Chipset Market Size by Country
- 11.3.1 Middle East & Africa Narrowband Internet-of-Things (IoT) Chipset Sales Quantity by Country (2021-2032)
- 11.3.2 Middle East & Africa Narrowband Internet-of-Things (IoT) Chipset Consumption Value by Country (2021-2032)
- 11.3.3 Turkey Market Size and Forecast (2021-2032)
- 11.3.4 Egypt Market Size and Forecast (2021-2032)
- 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
- 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

12.1 Narrowband Internet-of-Things (IoT) Chipset Market Drivers
12.2 Narrowband Internet-of-Things (IoT) Chipset Market Restraints
12.3 Narrowband Internet-of-Things (IoT) Chipset Trends Analysis
12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

13.1 Raw Material of Narrowband Internet-of-Things (IoT) Chipset and Key Manufacturers
13.2 Manufacturing Costs Percentage of Narrowband Internet-of-Things (IoT) Chipset
13.3 Narrowband Internet-of-Things (IoT) Chipset Production Process
13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
14.2 Narrowband Internet-of-Things (IoT) Chipset Typical Distributors
14.3 Narrowband Internet-of-Things (IoT) Chipset Typical Customers

15 Research Findings and Conclusion

16 Appendix

16.1 Methodology
16.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global Narrowband Internet-of-Things (IoT) Chipset market size was valued at US$ 11627 million in 2025 and is forecast to a readjusted size of US$ 53010 million by 2032 with a CAGR of 24.1% during review period.
Narrowband Internet‑of‑Things (NB‑IoT) chipsets refer to integrated circuit chips specifically designed for low-power wide-area network (LPWAN) communication standards. These chipsets provide connectivity capabilities for IoT end devices based on cellular networks. NB‑IoT technology, standardized by 3GPP on the basis of LTE, utilizes extremely narrow bandwidth—typically around 200 kHz—to achieve ultra-low power consumption, wide coverage, massive connectivity, and low-cost communication. It is a core member of the LTE IoT family. NB‑IoT chipsets usually integrate modems, baseband processing, RF transceivers, and protocol stacks, serving as the essential hardware for connecting tens of billions of low-data-rate IoT devices. The design logic of NB‑IoT chipsets is driven by the characteristics of IoT technology, meeting stringent requirements for battery life, deep signal penetration, and network reliability. They are widely applied in smart cities, urban infrastructure, industrial sensing, energy metering, agriculture monitoring, and asset tracking. Chip architectures range from basic modem ICs to system-on-chip (SoC) designs, enabling low-complexity, high-density device connectivity. Standards for NB‑IoT were formalized in 3GPP Release 13, and the technology continues to evolve alongside LTE while preparing for integration with 5G networks to enhance efficiency and coverage. As a critical hardware platform connecting the physical world to cloud-based services, NB‑IoT chipsets form a foundational segment of the global IoT industry and are increasingly valuable due to government policies, low-power connectivity demand, and ongoing global communication infrastructure development.
Market Development Opportunities & Main Driving Factors
The NB‑IoT chipset industry is currently experiencing significant growth opportunities, driven by the maturity of global IoT technology and widespread deployment of cellular networks. Firstly, the continued evolution of 4G/LTE networks and broad coverage by operators provide a natural foundation for NB‑IoT, enabling low-cost, reliable connectivity for IoT endpoints, especially in deep indoor or underground locations. Secondly, government policies and regulations in major economies continue to stimulate the market; for example, China’s official notice on promoting mobile IoT emphasizes enhancing supply capacity, technological innovation, and industry integration, creating a supportive policy environment for NB‑IoT chip development. Additionally, the expansion of smart cities, smart energy management, and industrial digitalization further drives demand, as NB‑IoT chipsets are central to enabling large-scale sensing and wireless connectivity. Technological innovation is another key factor: improvements in semiconductor manufacturing, ultra-low-power design, and higher integration levels make NB‑IoT chipsets more suitable for extreme low-power and wide-coverage scenarios. Furthermore, the continued refinement of NB‑IoT standards by 3GPP ensures global scale deployment, offering long-term technical and regulatory support for the industry.
Market Challenges, Risks, & Restraints
Despite significant opportunities, the NB‑IoT chipset industry faces several notable challenges and risks. Firstly, differences in communication standards adoption across regions, such as some North American operators shifting focus to LTE-M or 5G RedCap, pose a substitution risk for standalone NB‑IoT technology. In developed economies, the commercial value of NB‑IoT can be relatively limited, prompting some operators to reduce investment or adjust strategies. Secondly, chipset manufacturers must manage technical complexity related to fragmented standards, diverse spectrum allocation, and interoperability challenges, all of which increase R&D and testing costs while complicating global adaptation. Additionally, the low-cost nature of NB‑IoT chipsets implies relatively narrow profit margins, raising concerns about maintaining profitability across the supply chain. Upstream supply constraints, semiconductor market cycles, and geopolitical factors can also affect chip availability and cross-border collaboration. Finally, competition from alternative low-power IoT technologies such as LoRa and Cat-1 amplifies pressure, requiring manufacturers and ecosystem players to ensure that NB‑IoT chipsets remain technically relevant and commercially attractive.
Downstream Demand Trends
Demand for NB‑IoT chipsets is increasingly expanding from traditional industrial and utility sectors to a broader array of industries. Traditional applications in public utilities, such as smart meters for electricity, water, and gas, as well as urban infrastructure monitoring, continue to provide stable demand due to the chipsets’ low power consumption and deep coverage advantages. Simultaneously, emerging applications in smart cities and intelligent manufacturing—including asset tracking, industrial equipment monitoring, environmental sensing, and agricultural monitoring—are rapidly absorbing NB‑IoT connectivity. Consumer IoT devices such as smart appliances, remote health monitoring devices, smart parking, and security systems also expand the technology’s use cases, leveraging long battery life and low maintenance costs. Enterprises increasingly recognize the value of NB‑IoT chipsets for large-scale telemetry and data collection, particularly in cost-sensitive, high-density deployment scenarios. As demand grows, manufacturers must provide higher-value solutions in multi-mode connectivity, cloud integration, and device interoperability to meet evolving requirements.
Regional Trends
In regional terms, China remains the global leader in NB‑IoT chipset deployment, driven by policy support and large-scale network deployment. Collaboration between Chinese operators and government initiatives has enabled widespread commercial network coverage and ecosystem development, allowing NB‑IoT chipsets to achieve broad adoption across urban management, infrastructure, and social services. Other Asian markets, including Southeast Asia and India, show strong adoption potential due to rapid 4G/5G infrastructure rollout. In Europe, although some operators favor LTE-M, NB‑IoT maintains steady applications in smart city infrastructure and environmental monitoring within the policy and standards framework. In North America, several operators have gradually shifted resources away from NB‑IoT toward alternative cellular IoT technologies, yet niche industry applications and technical trials continue to sustain demand. Emerging markets in Latin America and Africa consider NB‑IoT a cost-effective solution for rural, agricultural, and resource-management applications, with network construction and government initiatives driving future potential. Regional differences in technology choice, policy support, and ecosystem maturity are shaping a layered and diverse global development landscape.
This report is a detailed and comprehensive analysis for global Narrowband Internet-of-Things (IoT) Chipset market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Narrowband Internet-of-Things (IoT) Chipset market size and forecasts, in consumption value ($ Million), sales quantity (K Pcs), and average selling prices (US$/Pcs), 2021-2032
Global Narrowband Internet-of-Things (IoT) Chipset market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Pcs), and average selling prices (US$/Pcs), 2021-2032
Global Narrowband Internet-of-Things (IoT) Chipset market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Pcs), and average selling prices (US$/Pcs), 2021-2032
Global Narrowband Internet-of-Things (IoT) Chipset market shares of main players, shipments in revenue ($ Million), sales quantity (K Pcs), and ASP (US$/Pcs), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Narrowband Internet-of-Things (IoT) Chipset
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Narrowband Internet-of-Things (IoT) Chipset market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ASR Microelectronics, Altair Semiconductor, Commsolid, GCT Semiconductor, Huawei, Intel, MediaTek, Nordic Semiconductor, Qualcomm, Quectel, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Narrowband Internet-of-Things (IoT) Chipset market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Modem Chipset
Microcontroller Unit (MCU)
System-on-Chip (SoC)
RF Front-End Chip
Market segment by Network Protocol
NB‑IoT
LTE‑M
eMTC
5G‑IoT
Proprietary LPWAN
Market segment by Power Consumption Class
Ultra-Low Power
Low Power
Medium Power
High Power
Market segment by Form Factor
Chip on Board (COB)
Chip Scale Package (CSP)
Module Integrated Chip
Multi-Chip Package (MCP)
Market segment by Application
Consumer Electronics
Cities infrastructure
Agriculture
Industrial IoT
Healthcare
Logistics Management
Major players covered
ASR Microelectronics
Altair Semiconductor
Commsolid
GCT Semiconductor
Huawei
Intel
MediaTek
Nordic Semiconductor
Qualcomm
Quectel
Riot Micro
Samsung
Sequans
UNISOC
u-blox
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Narrowband Internet-of-Things (IoT) Chipset product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Narrowband Internet-of-Things (IoT) Chipset, with price, sales quantity, revenue, and global market share of Narrowband Internet-of-Things (IoT) Chipset from 2021 to 2026.
Chapter 3, the Narrowband Internet-of-Things (IoT) Chipset competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Narrowband Internet-of-Things (IoT) Chipset breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Narrowband Internet-of-Things (IoT) Chipset market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Narrowband Internet-of-Things (IoT) Chipset.
Chapter 14 and 15, to describe Narrowband Internet-of-Things (IoT) Chipset sales channel, distributors, customers, research findings and conclusion.

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