Christy Publications Narrowband Internet of Things (IoT) chipset Market | Page 3

 Retail
 Safety & Security
 Others
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.
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.