The Asia Pacific Narrowband Internet of Things Market would witness market growth of 52.8% CAGR during the forecast period (2022-2028).
More and more technology firms and telecommunications service providers are anticipated to develop NB-IoT devices and roll out services as a result of the fast expanding applications for NB-IoT technology, which is predicted to propel market expansion over the forecast period. Big data analytics, AI, and ML advancements would make it possible for businesses to examine the massive amounts of data collected from tracking and monitoring activities utilising IoT networks. As a result, the market is also anticipated to increase as a result of the increasing usage of IoT and connected devices as well as AI, ML, and big data analytics across industrial and commercial applications.
A lot of devices with low data usage can be connected to the internet due to the low power wide area (LPWA) network technology known as the NB-IoT. It is especially made for Internet of Things (IoT) applications including trackers, wearables, and smart metres. The technology is suitable for battery-operated gadgets since it uses less electricity. It also has a broad coverage area, making it perfect for rural and isolated areas. Additionally, it supports a sizable number of connections, which is anticipated to promote market expansion.
The government of Singapore released a Smart Nation Plan in 2017 with the aim of developing into a global digital hub. The administration is attempting to use IoT technology to enhance city living. The Smart Cities Mission of the Indian government is based on a long-term, inclusive development plan. The mission's objective is to develop a repeatable model that will hasten the development of comparable Smart Cities in other regions of the nation. In addition, the 100 Smart Cities Initiative was launched by the Indian government in 2015.
Moreover, urbanization is also expanding quickly in this region. With an increase in urbanization, the need for smart technologies involving smart alarms, smart meters, and several other connected devices is developing. Due to these factors, the narrowband internet of things market will witness a boost throughout the predicted period.
The China market dominated the Asia Pacific Narrowband Internet of Things Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $785.8 million by 2028. The Japan market is anticipated to grow at a CAGR of 51.8% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 53.7% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Alarms & Detectors, Smart Meters, Trackers, Wearable Devices, Smart Parking, Smart Lighting, and Others. Based on Deployment Mode, the market is segmented into Guard, Stand-alone, and In-band. Based on Vertical, the market is segmented into Infrastructure, Energy & Utilities, Automotive & Transportation, Agriculture, Healthcare, Consumer Electronics, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Qualcomm, Inc., Huawei Technologies Co., Ltd. MediaTek, Inc., Nokia Corporation, Verizon Communications, Inc., AT&T, Inc., Vodafone Group Plc, Orange S.A., and Ericsson AB.
More and more technology firms and telecommunications service providers are anticipated to develop NB-IoT devices and roll out services as a result of the fast expanding applications for NB-IoT technology, which is predicted to propel market expansion over the forecast period. Big data analytics, AI, and ML advancements would make it possible for businesses to examine the massive amounts of data collected from tracking and monitoring activities utilising IoT networks. As a result, the market is also anticipated to increase as a result of the increasing usage of IoT and connected devices as well as AI, ML, and big data analytics across industrial and commercial applications.
A lot of devices with low data usage can be connected to the internet due to the low power wide area (LPWA) network technology known as the NB-IoT. It is especially made for Internet of Things (IoT) applications including trackers, wearables, and smart metres. The technology is suitable for battery-operated gadgets since it uses less electricity. It also has a broad coverage area, making it perfect for rural and isolated areas. Additionally, it supports a sizable number of connections, which is anticipated to promote market expansion.
The government of Singapore released a Smart Nation Plan in 2017 with the aim of developing into a global digital hub. The administration is attempting to use IoT technology to enhance city living. The Smart Cities Mission of the Indian government is based on a long-term, inclusive development plan. The mission's objective is to develop a repeatable model that will hasten the development of comparable Smart Cities in other regions of the nation. In addition, the 100 Smart Cities Initiative was launched by the Indian government in 2015.
Moreover, urbanization is also expanding quickly in this region. With an increase in urbanization, the need for smart technologies involving smart alarms, smart meters, and several other connected devices is developing. Due to these factors, the narrowband internet of things market will witness a boost throughout the predicted period.
The China market dominated the Asia Pacific Narrowband Internet of Things Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $785.8 million by 2028. The Japan market is anticipated to grow at a CAGR of 51.8% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 53.7% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Alarms & Detectors, Smart Meters, Trackers, Wearable Devices, Smart Parking, Smart Lighting, and Others. Based on Deployment Mode, the market is segmented into Guard, Stand-alone, and In-band. Based on Vertical, the market is segmented into Infrastructure, Energy & Utilities, Automotive & Transportation, Agriculture, Healthcare, Consumer Electronics, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Qualcomm, Inc., Huawei Technologies Co., Ltd. MediaTek, Inc., Nokia Corporation, Verizon Communications, Inc., AT&T, Inc., Vodafone Group Plc, Orange S.A., and Ericsson AB.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Services
By Application
- Alarms & Detectors
- Smart Meters
- Trackers
- Wearable Devices
- Smart Parking
- Smart Lighting
- Others
By Deployment Mode
- Guard
- Stand-alone
- In-band
By Vertical
- Infrastructure
- Energy & Utilities
- Automotive & Transportation
- Agriculture
- Healthcare
- Consumer Electronics
- Manufacturing
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Intel Corporation
- Qualcomm, Inc
- Huawei Technologies Co., Ltd
- MediaTek, Inc
- Nokia Corporation
- Verizon Communications, Inc
- AT&T, Inc
- Vodafone Group Plc
- Orange S.A
- Ericsson AB
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Narrowband Internet of Things Market, by Component
1.4.2 Asia Pacific Narrowband Internet of Things Market, by Application
1.4.3 Asia Pacific Narrowband Internet of Things Market, by Deployment Mode
1.4.4 Asia Pacific Narrowband Internet of Things Market, by Vertical
1.4.5 Asia Pacific Narrowband Internet of Things Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Mar - 2022, Sep) Leading Players
Chapter 4. Asia Pacific Narrowband Internet of Things Market by Component
4.1 Asia Pacific Solution Market by Country
4.2 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Narrowband Internet of Things Market by Application
5.1 Asia Pacific Alarms & Detectors Market by Country
5.2 Asia Pacific Smart Meters Market by Country
5.3 Asia Pacific Trackers Market by Country
5.4 Asia Pacific Wearable Devices Market by Country
5.5 Asia Pacific Smart Parking Market by Country
5.6 Asia Pacific Smart Lighting Market by Country
5.7 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Narrowband Internet of Things Market by Deployment Mode
6.1 Asia Pacific Guard Market by Country
6.2 Asia Pacific Stand-alone Market by Country
6.3 Asia Pacific In-band Market by Country
Chapter 7. Asia Pacific Narrowband Internet of Things Market by Vertical
7.1 Asia Pacific Infrastructure Market by Country
7.2 Asia Pacific Energy & Utilities Market by Country
7.3 Asia Pacific Automotive & Transportation Market by Country
7.4 Asia Pacific Agriculture Market by Country
7.5 Asia Pacific Healthcare Market by Country
7.6 Asia Pacific Consumer Electronics Market by Country
7.7 Asia Pacific Manufacturing Market by Country
7.8 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Narrowband Internet of Things Market by Country
8.1 China Narrowband Internet of Things Market
8.1.1 China Narrowband Internet of Things Market by Component
8.1.2 China Narrowband Internet of Things Market by Application
8.1.3 China Narrowband Internet of Things Market by Deployment Mode
8.1.4 China Narrowband Internet of Things Market by Vertical
8.2 Japan Narrowband Internet of Things Market
8.2.1 Japan Narrowband Internet of Things Market by Component
8.2.2 Japan Narrowband Internet of Things Market by Application
8.2.3 Japan Narrowband Internet of Things Market by Deployment Mode
8.2.4 Japan Narrowband Internet of Things Market by Vertical
8.3 India Narrowband Internet of Things Market
8.3.1 India Narrowband Internet of Things Market by Component
8.3.2 India Narrowband Internet of Things Market by Application
8.3.3 India Narrowband Internet of Things Market by Deployment Mode
8.3.4 India Narrowband Internet of Things Market by Vertical
8.4 South Korea Narrowband Internet of Things Market
8.4.1 South Korea Narrowband Internet of Things Market by Component
8.4.2 South Korea Narrowband Internet of Things Market by Application
8.4.3 South Korea Narrowband Internet of Things Market by Deployment Mode
8.4.4 South Korea Narrowband Internet of Things Market by Vertical
8.5 Singapore Narrowband Internet of Things Market
8.5.1 Singapore Narrowband Internet of Things Market by Component
8.5.2 Singapore Narrowband Internet of Things Market by Application
8.5.3 Singapore Narrowband Internet of Things Market by Deployment Mode
8.5.4 Singapore Narrowband Internet of Things Market by Vertical
8.6 Malaysia Narrowband Internet of Things Market
8.6.1 Malaysia Narrowband Internet of Things Market by Component
8.6.2 Malaysia Narrowband Internet of Things Market by Application
8.6.3 Malaysia Narrowband Internet of Things Market by Deployment Mode
8.6.4 Malaysia Narrowband Internet of Things Market by Vertical
8.7 Rest of Asia Pacific Narrowband Internet of Things Market
8.7.1 Rest of Asia Pacific Narrowband Internet of Things Market by Component
8.7.2 Rest of Asia Pacific Narrowband Internet of Things Market by Application
8.7.3 Rest of Asia Pacific Narrowband Internet of Things Market by Deployment Mode
8.7.4 Rest of Asia Pacific Narrowband Internet of Things Market by Vertical
Chapter 9. Company Profiles
9.1 Intel Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Qualcomm, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.4 MediaTek, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.5 Nokia Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.6 Verizon Communications, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.7 AT&T, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.8 Vodafone Group Plc
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.9 Orange S.A.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 SWOT Analysis
9.10. Ericsson AB
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
Companies Mentioned
- Intel Corporation
- Qualcomm, Inc.
- Huawei Technologies Co., Ltd.
- MediaTek, Inc.
- Nokia Corporation
- Verizon Communications, Inc.
- AT&T, Inc.
- Vodafone Group Plc
- Orange S.A.
- Ericsson AB
Methodology
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