Techno World Narrowband-Internet-of-Things-chipset-Market | Page 2
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.
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Narrowband Internet of Things Chipset Market Outlook – Asia Pacific holds significant
market share
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.
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