Who are the key players in Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market industry?

Key players include Huawei Technologies, Qualcomm Technologies, MediaTek Inc., Samsung Electronics, and Nordic Semiconductor. These companies drive innovation in NB-IoT chipsets through robust research, strong partnerships with telecom operators, and the production of highly integrated chip solutions widely adopted across various IoT applications in the Asia-Pacific region.

What is the Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market growth?

The Asia-Pacific NB-IoT chipset market has experienced strong double-digit growth in recent years, driven by increasing IoT deployments and smart city projects. For instance, Huawei's collaboration with telecom operators in China and India in 2023 resulted in surging chipset adoption, supporting rapid expansion of NB-IoT networks in the region.

Which segment accounted for the largest Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market share?

The smart metering application segment held the largest share of the Asia-Pacific NB-IoT chipset market. This dominance is attributed to massive deployments of smart water, gas, and electricity meters in China and Southeast Asia, leveraging NB-IoT for reliable, cost-effective, and wide-area connectivity essential for efficient utility management.

What are the factors driving the Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market?

Key factors include rising demand for smart city solutions, government initiatives boosting IoT infrastructure, and affordable chipset technology. For example, MediaTek’s launch of cost-efficient NB-IoT chipsets has significantly lowered barriers for device manufacturers, accelerating large-scale IoT adoption in public infrastructure and enterprise automation projects.

Which type accounted for the largest Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market share?

The standalone NB-IoT chipset type accounted for the largest market share, favored for offering deep coverage and low-power consumption. Standalone NB-IoT is widely used in remote sensor devices and utility metering, making it ideal for expansive deployments in rural and urban areas across Asia-Pacific.

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Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Name: Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market
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Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market: by Type (Standalone, Guard Band, In-Band), Application (Smart Metering, Smart Parking, Smart Lighting, Asset Tracking, Alarms & Detectors, Others), Distribution Channels (Direct, Indirect, Online, Offline), Technology (LTE-M, NB-LTE, NB-CIoT, GSM, Others), Organization Size (Small, Medium, Large) and By Asia-Pacific Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 23-07-2025 | Format: PDF | Report ID:11884 | Author: Ankit

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Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market: 2025-2035 Analysis

The Asia-Pacific NB-IoT chipset market is rapidly expanding as smart cities and digital transformation initiatives fuel demand across applications ranging from smart metering to asset tracking. NB-IoT is a specialized LPWAN cellular technology offering deep coverage, low power consumption, and mass device connectivity, making it ideal for large-scale IoT deployments. As governments and enterprises intensify IoT adoption, the NB-IoT chipset segment is pivotal for enabling new use cases in smart utilities, urban infrastructure, and industrial automation across the region. In 2025, the market size is projected to exceed USD 1,750 Million and is forecast to reach USD 8,900 Million by 2035 at a robust CAGR of 17.1%. Key players like Huawei, Qualcomm, and MediaTek are actively driving innovation, introducing advanced NB-IoT chipsets that support diverse standards and robust security enhancements to address the massive scaling needs of the APAC IoT ecosystem.

Latest Market Dynamics

Key Drivers

Increased integration of NB-IoT chipsets with AI-powered analytics for intelligent asset management with players like MediaTek launching new chipsets that offer native AI acceleration in Q2 2024.
Adoption of multi-mode chipsets supporting both NB-IoT and LTE-M to future-proof deployments, with Qualcomm's newly launched dual-mode modem gaining traction in rapidly urbanizing regions in 2025.

Expansion into underserved Southeast Asian markets such as Vietnam and the Philippines, where UNISOC led a consortium for smart agricultural monitoring using NB-IoT chipsets in late 2024.
Development of ultra-low-power NB-IoT chipsets for wearables and healthcare devices, highlighted by Nordic Semiconductor’s partnership with Singapore-based medtech startups in early 2025.

The market by type is dominated by Standalone NB-IoT chipsets, which capture a commanding share due to their optimal use in new, greenfield IoT deployments. Guard Band and In-Band types follow, favored for their backward compatibility with existing LTE infrastructure and utility-focused applications. Standalone solutions are preferred for noise-free spectrum allocation, essential for mission-critical IoT scenarios. The market breakdown in 2025 shows Standalone at 56%, Guard Band at 26%, and In-Band at 18%.

Smart Metering remains the dominant application for NB-IoT chipsets in the Asia-Pacific region, driven by national mandates for utility digitization, especially in China and India. Asset Tracking is the second leading segment, reflecting the growing need for real-time visibility across supply chains. Smart Lighting, benefiting from governmental smart city projects, ranks third. Breakdown for 2025 stands as: Smart Metering 46%, Asset Tracking 29%, Smart Lighting 15%. Other applications, including alarms, detectors, and smart parking, collectively make up the remainder.

The Asia-Pacific NB-IoT chipset market revenue demonstrates robust long-term growth. In 2020, market revenue was $725 Million, which rose to $1,350 Million in 2023, and is projected to surpass $1,750 Million in 2025. By 2035, the market is expected to reach $8,900 Million, reflecting sustained government investments and rapid adoption in industrial, utility, and smart city verticals. This progressive growth underscores NB-IoT’s increasing role as a backbone technology for regional digitalization.

China firmly leads the regional NB-IoT chipset market, accounting for 63% of the total share due to aggressive governmental initiatives, deployment volumes, and leading vendor presence. India comes next with 15%, fueled by utility upgrades and smart city programs. Japan and South Korea collectively secure 13%, with robust industrial automation demand. Southeast Asian nations and others contribute 9%.

The market landscape in 2025 is highly consolidated, with Huawei leading at 33%, leveraging its comprehensive chipset and network solutions portfolio. Qualcomm holds 21% due to its strategic collaborations with telecom operators, while MediaTek claims 14% as it aggressively pursues multi-mode chipset innovation. The remaining market share is distributed among players including UNISOC, Intel, Nordic Semiconductor, and others.

Utility companies represent the largest buyer group in 2025, accounting for 42% share, reflecting their pivotal role in deploying NB-IoT-enabled smart meters and grids. Government and public sector buyers make up 28% as they execute smart city projects. Industrial and logistics buyers, driven by surges in asset tracking and supply chain automation, comprise 19%. Remaining segments include commercial real estate and consumer products firms.

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	Revenue (USD Million)
Regions	Asia-Pacific (China, India, Japan, Taiwan, Vietnam, Philippines, Singapore, Australia, South Korea, Rest of APAC)
Segments	By Type (Standalone, Guard Band, In-Band, Enhanced Machine Type Communication, GSM-Based NB-IoT Chipset, LTE-Based NB-IoT Chipset); By Application (Smart Metering, Smart Parking, Smart Lighting, Asset Tracking, Alarms & Detectors, Others)
Players	Huawei, Qualcomm, MediaTek, Samsung, Intel, Nordic Semiconductor, Sequans Communications, Altair Semiconductor, UNISOC, Sony Semiconductor, Qorvo, Sanechips Technology, ASR Microelectronics, Goodix, Cheerzing

June 2024: Huawei partners with State Grid Corporation of China for next-gen NB-IoT smart meter rollout, scaling deployments across 200+ cities.
July 2024: MediaTek announces MT2625, a new AI-integrated NB-IoT chipset targeting smart wearables, supporting Southeast Asian medtech collaboration.
August 2024: Qualcomm and Indian telecom leader Jio launch dual-mode NB-IoT/LTE-M chipsets for smart city and industrial solutions.
September 2024: UNISOC forms strategic alliance for NB-IoT-based smart agriculture pilots in Vietnam and the Philippines.
October 2024: Nordic Semiconductor unveils ultra-low-power NB-IoT chipsets with advanced security modules, partnering with Singapore healthcare providers.

About the Author

Ankit

Senior Research Consultant

Ankit is a Senior Research Consultant specializing in market research, industry analysis, and business consulting across Semiconductor & Electronics. Ankit brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Ankit has helped organizations translate data into actionable growth strategies.

Semiconductor & ElectronicsMarket ResearchIndustry AnalysisStrategic Consulting

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Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Asia-Pacific Narrowband IoT (NB-IoT) Chipset Market: 2025-2035 Analysis

Latest Market Dynamics

Key Drivers

Key Trends

Key Opportunities

Key Challenges

Key Restraints

Market Share by Type, 2025

Market Share by Applications, 2025

Market Revenue (USD Million), 2020-2035

Market YOY Growth (%), 2020-2035

Market Share by Region, 2025

Market Players Share (%), 2025

Market Buyers Share (%), 2025

Study Coverage

Key Recent Developments

Frequently Asked Questions

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