The advantages of NB-IoT:
Massive access: Under the same base station coverage, the NB-IoT technology is 50 to 100 times the number of other wireless technologies. The existing NB-IoT network single-cell base station can access 50,000 terminal devices. Make the Internet of Things truly the "Internet of Everything".
Low power consumption: NB-IoT has three different power-saving modes: PSM mode, DRX mode, and eDRX mode. The device can choose the power-saving mode according to its own needs to achieve the purpose of minimum power consumption and prolong battery life. For many devices and situations that use battery power, the low power consumption feature of NB-IoT can ensure that the battery life of the device can be greatly increased from a few months to a few years, thus greatly reducing the inconvenience caused by frequent battery replacement.
Super strong coverage: NB-IoT's coverage capability is 100 times that of LTE. The NB-IoT network has a large coverage area and strong penetration ability, which can not only meet the large-area coverage requirements in sparsely populated areas but also apply to underground applications that require deep coverage.
Low cost: NB-IoT supports transformation of the existing LTE network, which greatly reduces the network construction cost. NB-IoT does not need to rebuild the network, and the radio frequency and antenna can basically be reused. The low power consumption, low bandwidth and low speed of NB-IoT also reduce the cost of chips and modules.
Disadvantages of NB-IoT:
Less data transmission: Based on low power consumption, NB-IoT can only transmit less data;
High communication cost: In addition to the price of the NB-IoT communication module, operators will also be charged operating fees;
The technology is not mature: Although NB-IoT technology is widely used, in the actual application process, various faults often occur, resulting in communication interruption;
Problems with the docking platform: Telecom's IoT platform adopts the CoPA protocol. The CoPA protocol is complicated in terms of docking. In order to be compatible with traditional TCP and UDP communications, the construction time is often too long.
Global Narrowband IoT (NB-IoT) Chipset Market: SynopsisMarket Research Future (MRFR) reports that the global narrowband IoT (NB-IoT) chipset market will generate close to USD 265 Mn by the year 2023.
It is projected that the market will post a compound annual growth rate (CAGR) of 60% during 2017 to 2023.
Moreover, NB-IoT chipset facilitates global roaming and economies of scale for businesses.
NB-IoT is energy-efficient and can be deployed in various applications, which include facility management services, tracking of persons, smart meters, connected industrial appliances, fire alarm among others.
The services segment covers two sub-segments managed service and professional services.
By application, the market has been segmented into tracker, smart meter, smart appliance, alarms & detector, wearable and others.Key Players:The key players profiled by Market Research Future (MRFR) that are operating in the Narrowband IOT Chipset Market are Intel Corporation (the U.S.), Huawei Technologies Co. Ltd., (China), Ericsson (Sweden), Nokia Corporation (Finland), Sierra Wireless (Canada), Deutsche Telekom AG (Germany), China United Network Communications Group Co., Ltd. (China), Quectel Wireless Solutions Co. Ltd. (China), Qualcomm Technologies Inc., (the U.S.), Vodafone Group plc (the U.K) and others.
Narrowband-IoT Market by Device Type (Tracker, Smart Metering, Wearable), Deployment (Stand Alone, Guard Band, In Band and), by Vertical (IT, Manufacturing Agriculture, Healthcare, Automotive & Transportation) -Forecast 2022Market HighlightsThe Global Narrowband IoT market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast years.In April 2016, Huawei and Vodafone announced the foundation of an Open IoT Lab for the product development and applications relating to NB-IoT technology.
Many prominent vendors such as Huawei Technologies Co. Ltd., Emirates Telecommunications Corporation, Qualcomm Incorporated and Vodafone Group PLC among others are working towards making the IoT dream, a reality.Narrowband IoT is a type of M2M communication technology that is specifically optimized for internet of things (IoT).
The NB-IoT modules only transmit small amount of infrequent data over long period of time.
The Market of NB-IoT is showing healthy growth due to the various advantages offered over conventional M2M channels such as low cost, low power consumption, long battery backup, reliable connection with wide area coverage and deep penetration.
The growing demand of low power connectivity solution and increasing interest in IoT platform are driving the market of NB-IoT.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 100 numbers of pages of the project report.
