NB IoT Modules Market Report 2025 (Global Edition)

Global NB IoT Modules Market Report 2025 Market Size Split by Deployment (Stand-Alone, Guard Band, In-Band), by Device (Smart Parking, Smart Meters, Trackers, Alarms and Detectors, Smart Streetlights,...

NB IoT Modules Market Report Description

We have various report editions of NB IoT Modules Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the NB IoT Modules Market

The competitive landscape of the NB IoT Modules market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized NB IoT Modules companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

Top Companies Market Share in NB IoT Modules Industry: (In no particular order of Rank)

• Huawei Technologies Co.
• Ltd
• Ericsson Corporation
• Qualcomm Technologies
• AT&T Inc
• Verizon Wireless
• Nokia Corporation
• Vodafone Group
• SEQUANS Communications
• Intel Corporation
• Intel Corporation
• Deutsche Telekom
• Twilio
• SEQUANS Communications
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the NB IoT Modules Market

Which Region Dominates the NB IoT Modules Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America is experiencing speedy growth in the NB-IoT modules marketplace, driven by the growing adoption of IoT answers across diverse industries. The location's strong infrastructure, technological improvements, and attention to innovation are fueling this growth. Rising demand for efficient and scalable connectivity solutions for IoT packages is propelling the enlargement of the NB-IoT modules marketplace in North America.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the NB IoT Modules market due to several compelling reasons. ?Europe is witnessing a substantial increase inside the NB-IoT modules marketplace due to the widespread adoption of IoT solutions throughout industries. Government tasks selling digitalization and sustainability are using the demand for green and low-energy connectivity solutions. With a strong focus on innovation and collaboration, Europe is poised to in addition expand its NB-IoT modules marketplace to fulfill the evolving wishes of IoT deployments.

The current report Scope analyzes NB IoT Modules Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America NB IoT Modules

According to Cognitive Market Research, the global NB IoT Modules market size was estimated at USD 1625.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 650.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 39.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the NB IoT Modules market with a market size of USD 512.91 million in 2024 and is projected to grow at a CAGR of 39.2% during the forecast period. The demand is amplified by the demand for iot solutions across industries.
• The Canada NB IoT Modules market had a market share of USD 78.01 million in 2024 and is projected to grow at a CAGR of 40.2% during the forecast period. Canada's deployment of smart city initiatives.
• The Mexico NB IoT Modules market is projected to witness growth at a CAGR of 39.9% during the forecast period with a market size of USD 59.16 million in 2024.

Europe NB IoT Modules

According to Cognitive Market Research, the global NB IoT Modules market size was estimated at USD 1625.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 487.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 39.7% from 2024 to 2031

• The United Kingdom NB IoT Modules market had a market share of USD 81.91 million in 2024 and is projected to grow at a CAGR of 40.5% during the forecast period. In the UK, NB IoT Modules sales witness an upswing due to the growth in industrial automation.
• The France NB IoT Modules market is projected to witness growth at a CAGR of 38.9% during the forecast period with a market size of USD 44.86 million in 2024.
• According to Cognitive Market Research, the Germany NB IoT Modules market size was valued at USD 96.54 million in 2024 and is projected to grow at a CAGR of 39.9% during the forecast period. In Germany, NB IoT Modules sales surge due to the expanding applications in agriculture and logistics.
• The Italy NB IoT Modules market is projected to witness growth at a CAGR of 39.1% during the forecast period with a market size of USD 41.93 million in 2024.
• The Russia NB IoT Modules market is projected to witness growth at a CAGR of 38.7% during the forecast period with a market size of USD 75.57 million in 2024.
• The Spain NB IoT Modules market is projected to witness growth at a CAGR of 38.8% during the forecast period with a market size of USD 39.98 million in 2024
• The Luxembourg NB IoT Modules market is projected to witness growth at a CAGR of 39.8% during the forecast period with a market size of USD 15.11 million in 2024.
• The Portugal NB IoT Modules market is projected to witness growth at a CAGR of 39.5% during the forecast period with a market size of USD 10.24 million in 2024.
• The Greece NB IoT Modules market is projected to witness growth at a CAGR of 40.0% during the forecast period with a market size of USD 5.85 million in 2024.
• Rest of Europe NB IoT Modules market is projected to witness growth at a CAGR of 38.4% during the forecast period with a market size of USD 75.57 million in 2024.

Asia Pacific NB IoT Modules

According to Cognitive Market Research, the global NB IoT Modules market size was estimated at USD 1625.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 373.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 43.2% from 2024 to 2031

• According to Cognitive Market Research, the China NB IoT Modules market size was valued at USD 168.21 million in 2024 and is projected to grow at a CAGR of 42.7% during the forecast period. NB IoT Modules sales surge in China due to the regulatory support for iot connectivity.
• The Japan NB IoT Modules market is projected to witness growth at a CAGR of 41.7% during the forecast period with a market size of USD 51.58 million in 2024.
• The India NB IoT Modules market had a market share of USD 44.86 million in 2024 and is projected to grow at a CAGR of 45.0% during the forecast period. The demand is augmented by India's rising demand for asset tracking.
• The South Korea NB IoT Modules market is projected to witness growth at a CAGR of 42.3% during the forecast period with a market size of USD 37.38 million in 2024.
• The Australia NB IoT Modules market is projected to witness growth at a CAGR of 42.9% during the forecast period with a market size of USD 19.44 million in 2024.
• The South East Asia NB IoT Modules market is projected to witness growth at a CAGR of 44.2% during the forecast period with a market size of USD 25.79 million in 2024.
• The Rest of Asia Pacific NB IoT Modules market is projected to witness growth at a CAGR of 43.0% during the forecast period with a market size of USD 26.54 million in 2024.

South America NB IoT Modules

According to Cognitive Market Research, the global NB IoT Modules market size was estimated at USD 1625.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 81.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil NB IoT Modules market size was valued at USD 34.78 million in 2024 and is projected to grow at a CAGR of 41.2% during the forecast period. NB IoT Modules sales flourish in Brazil due to the increasing focus on energy efficiency.
• Argentina NB IoT Modules market had a market share of USD 13.65 million in 2024 and is projected to grow at a CAGR of 41.5% during the forecast period. The demand is augmented by Argentina's advancements in telecommunications infrastructure.
• Colombia NB IoT Modules market is projected to witness growth at a CAGR of 40.4% during the forecast period with a market size of USD 7.23 million in 2024.
• Peru NB IoT Modules market is projected to witness growth at a CAGR of 40.8% during the forecast period with a market size of USD 6.66 million in 2024.
• Chile NB IoT Modules market is projected to witness growth at a CAGR of 40.9% during the forecast period with a market size of USD 5.85 million in 2024.
• The Rest of Latin America NB IoT Modules market is projected to witness growth at a CAGR of 39.7% during the forecast period with a market size of USD 13.08 million in 2024.

Middle East NB IoT Modules

According to Cognitive Market Research, the global NB IoT Modules market size was estimated at USD 1625.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 32.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.9% from 2024 to 2031.

• The GCC Countries NB IoT Modules market is projected to witness growth at a CAGR of 41.7% during the forecast period with a market size of USD 13.91 million in 2024. NB IoT Modules sales flourish due to the growing adoption of smart home devices.
• The Egypt NB IoT Modules market is projected to witness growth at a CAGR of 41.2% during the forecast period with a market size of USD 3.41 million in 2024.
• The South Africa NB IoT Modules market is projected to witness growth at a CAGR of 41.9% during the forecast period with a market size of USD 5.14 million in 2024. NB IoT Modules sales flourish in the South Africa due to demand for reliable and low-power connectivity solutions.
• The Turkey NB IoT Modules market is projected to witness growth at a CAGR of 40.4% during the forecast period with a market size of USD 2.80 million in 2024.
• The Nigeria NB IoT Modules market is projected to witness growth at a CAGR of 40.0% during the forecast period with a market size of USD 3.41 million in 2024.
• The Rest of MEA NB IoT Modules market is projected to witness growth at a CAGR of 39.9% during the forecast period with a market size of USD 3.84 million in 2024.

NB IoT Modules Market Analysis

How are Segments Performing in the Global NB IoT Modules Market?

NB IoT Modules Market Deployment Segment Analysis

According to Cognitive Market Research, Stand-Alone stands out as the dominating category. The stand-on NB-IoT modules market is experiencing incredible growth as a call for a rise for standalone IoT devices requiring unbiased connectivity. These modules provide low-energy, extensive-place connectivity perfect for diverse packages, together with asset monitoring, smart agriculture, and environmental monitoring. Their potential to operate autonomously without reliance on external infrastructure is riding their adoption across industries, contributing to the enlargement of the NB-IoT modules marketplace.

Guard Band emerges as the fastest-growing category in the NB IoT Modules market. The guard band NB-IoT modules market is on the rise, driven by the need for efficient spectrum usage and progressed coverage in IoT deployments. Utilizing unused spectrum bands adjoining existing cellular networks, protect band NB-IoT modules offer dependable connectivity with reduced interference. As the call grows for dependable and scalable IoT solutions, the shield band technique is gaining traction, fostering an increase inside the NB-IoT modules marketplace.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of NB IoT Modules Industry. Request a Free Sample PDF!

NB IoT Modules Market Device Segment Analysis

According to Cognitive Market Research, the dominating category is Smart Parking. The clever parking region is propelling growth in the NB-IoT modules marketplace, leveraging low-energy, extensive-vicinity connectivity for efficient parking space control. NB-IoT modules allow real-time tracking of parking availability, lowering congestion and emissions. With growing urbanization and the call for clever city answers, clever parking deployments are expanding, riding the adoption of NB-IoT modules and stimulating an increase within the market.

The fastest-growing category in the NB IoT Modules market is Smart Meters. The clever meters phase is a widespread driving force of growth inside the NB-IoT modules marketplace, leveraging the technology's low-electricity and extensive-place connectivity for far-flung tracking and control of energy intake. NB-IoT modules enable green information transmission, improving operational efficiency and permitting utilities to provide advanced offerings. With a growing call for for energy performance answers, the adoption of NB-IoT modules in smart meters is unexpectedly expanding, fueling marketplace increase.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

NB IoT Modules Vertica Segment Analysis

vertical Segment Analysis

Agriculture is a key contributor to the increase of the NB-IoT modules market, leveraging the technology for precision farming and environmental monitoring. NB-IoT modules permit real-time statistics collection on soil moisture, temperature, and crop health, optimizing aid utilization and improving yields. With the growing adoption of clever agriculture practices to deal with meal protection-demanding situations, NB-IoT modules are becoming necessary to trendy farming operations, using the market increase.

The fastest-growing category in the NB IoT Modules market is Automotive and Transportation. The car and transportation quarter is fueling the boom of the NB-IoT modules marketplace, integrating the technology for vehicle tracking, fleet management, and telematics packages. NB-IoT modules permit real-time tracking of car overall performance, vicinity monitoring, and predictive maintenance, enhancing operational efficiency and safety. With the developing call for for connected vehicles and clever transportation answers, NB-IoT modules are increasingly more adopted, using marketplace growth.

• Agriculture
• Automotive and Transportation
• Energy and Utilities
• Healthcare
• Manufacturing
• Safety and Security
• Infrastructure
• Building Automation
• Consumer Electronics

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion