Asia-Pacific Narrow Band IoT Market 2026-2035
Description
Asia-Pacific Narrow Band (NB)-IoT Market Size, Share & Trends Analysis Report by Deployment Type (Guard Band, In-Band, and Standalone), By Industry (Logistics & Transportation, Energy & Utilities, Agriculture, Industrial Manufacturing, Healthcare, and Others), Forecast Period (2026-2035)
Industry Overview
Asia-Pacific narrow band IoT market was valued at $2,577 million in 2025 and is projected to reach $25,137 million by 2035, growing at a CAGR of 25.6% during the forecast period (2026–2035). The Asia-Pacific Narrowband IoT (NB-IoT) market is experiencing notable expansion, driven by the increasing adoption of smart devices and connected infrastructure. Growing investments in IoT-based solutions across sectors such as healthcare, logistics, and smart cities are contributing significantly to this growth. Governments in the region are implementing supportive digital transformation initiatives, further accelerating market development. Rising demand for low-power, wide-area connectivity is enhancing the deployment of NB-IoT networks. Telecommunication providers are also expanding their coverage to support industrial and consumer applications. Overall, the region’s focus on technological innovation and sustainable connectivity continues to strengthen the NB-IoT market outlook.
Market Dynamics
Expansion of Smart Infrastructure Across the Region
The Asia-Pacific narrowband IoT market is witnessing steady momentum with increasing investments in smart infrastructure projects. Governments and enterprises are adopting NB-IoT technologies to enable real-time monitoring and efficient management of public utilities. Rapid urbanization has accelerated the deployment of smart metering, lighting, and parking systems. The focus on sustainable and digitally connected cities is creating consistent demand for reliable IoT connectivity. As a result, NB-IoT is becoming a preferred choice for large-scale, low-power applications. The trend is expected to strengthen with ongoing digital transformation initiatives across emerging economies.
Rising Integration of NB-IoT in Industrial Applications
Industrial sectors in Asia-Pacific are embracing NB-IoT solutions to enhance operational efficiency and data visibility. Manufacturing and logistics companies are integrating IoT-enabled sensors for asset tracking and predictive maintenance. Technology’s ability to support long-range communication and low power consumption makes it suitable for remote operations. Industries are leveraging NB-IoT to optimize resource usage and streamline supply chains. This industrial adoption is creating new growth opportunities for technology providers. The trend aligns with the broader shift toward Industry 4.0 across the region.
Market Segmentation
In-band deployment is emerging as a key factor supporting the growth of the Asia-Pacific NB-IoT market. This approach allows operators to utilize existing LTE spectrum efficiently, reducing infrastructure costs and improving network reliability. Telecom companies in the region are increasingly adopting in-band solutions to accelerate service rollout without major hardware changes. The flexibility of this deployment model ensures broader coverage and seamless connectivity for IoT devices. It also supports integration with 5G networks, enabling a smooth technological transition. The trend is reinforcing the region’s leadership in large-scale IoT connectivity development.
Energy & Utilities: A Key Segment in Market Growth
The expansion of the Asia-Pacific NB-IoT market is strongly supported by its growing adoption in the energy and utilities sector. Power distribution companies are deploying NB-IoT solutions for smart metering, grid monitoring, and efficient energy management. The technology’s ability to connect large numbers of devices at low cost has made it ideal for large-scale utility networks. Water and gas utilities are also implementing IoT-based monitoring to reduce losses and improve service reliability. Governments are promoting smart infrastructure policies that encourage the use of connected energy systems. This growing application base is enhancing operational transparency and driving sustainable energy practices across the region.
Regional Outlook
Asia-Pacific narrow band IoT market is further divided by countries, including China, Japan, South Korea, India, Australia & New Zealand, ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, and others), and the Rest of Asia-Pacific.
China Dominates the Market with a Major Share
China continues to lead the global NB-IoT landscape through strong government backing and large-scale industrial implementation. The market is expanding rapidly as telecom operators invest in nationwide NB-IoT network coverage. Sectors such as smart cities, logistics, and utilities are driving large volumes of device connections. The integration of NB-IoT into smart energy and environmental monitoring systems is further boosting demand. Local manufacturers and chipset developers are contributing to cost efficiency and innovation in device design. This proactive ecosystem is positioning China as the central hub for NB-IoT advancements and exports.
Market Players Outlook
The major companies operating in the Asia-Pacific narrow band IoT market include Huawei Technologies Co., Ltd., MediaTek Inc., Quectel Wireless Solutions Co., Ltd., u-blox Holding AG, ZTE Corp., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Development
Industry Overview
Asia-Pacific narrow band IoT market was valued at $2,577 million in 2025 and is projected to reach $25,137 million by 2035, growing at a CAGR of 25.6% during the forecast period (2026–2035). The Asia-Pacific Narrowband IoT (NB-IoT) market is experiencing notable expansion, driven by the increasing adoption of smart devices and connected infrastructure. Growing investments in IoT-based solutions across sectors such as healthcare, logistics, and smart cities are contributing significantly to this growth. Governments in the region are implementing supportive digital transformation initiatives, further accelerating market development. Rising demand for low-power, wide-area connectivity is enhancing the deployment of NB-IoT networks. Telecommunication providers are also expanding their coverage to support industrial and consumer applications. Overall, the region’s focus on technological innovation and sustainable connectivity continues to strengthen the NB-IoT market outlook.
Market Dynamics
Expansion of Smart Infrastructure Across the Region
The Asia-Pacific narrowband IoT market is witnessing steady momentum with increasing investments in smart infrastructure projects. Governments and enterprises are adopting NB-IoT technologies to enable real-time monitoring and efficient management of public utilities. Rapid urbanization has accelerated the deployment of smart metering, lighting, and parking systems. The focus on sustainable and digitally connected cities is creating consistent demand for reliable IoT connectivity. As a result, NB-IoT is becoming a preferred choice for large-scale, low-power applications. The trend is expected to strengthen with ongoing digital transformation initiatives across emerging economies.
Rising Integration of NB-IoT in Industrial Applications
Industrial sectors in Asia-Pacific are embracing NB-IoT solutions to enhance operational efficiency and data visibility. Manufacturing and logistics companies are integrating IoT-enabled sensors for asset tracking and predictive maintenance. Technology’s ability to support long-range communication and low power consumption makes it suitable for remote operations. Industries are leveraging NB-IoT to optimize resource usage and streamline supply chains. This industrial adoption is creating new growth opportunities for technology providers. The trend aligns with the broader shift toward Industry 4.0 across the region.
Market Segmentation
- Based on the deployment type, the market is segmented into guard band, in-band, and standalone.
- Based on the industry, the market is segmented into logistics & transportation, energy & utilities, agriculture, industrial manufacturing, healthcare, and others.
In-band deployment is emerging as a key factor supporting the growth of the Asia-Pacific NB-IoT market. This approach allows operators to utilize existing LTE spectrum efficiently, reducing infrastructure costs and improving network reliability. Telecom companies in the region are increasingly adopting in-band solutions to accelerate service rollout without major hardware changes. The flexibility of this deployment model ensures broader coverage and seamless connectivity for IoT devices. It also supports integration with 5G networks, enabling a smooth technological transition. The trend is reinforcing the region’s leadership in large-scale IoT connectivity development.
Energy & Utilities: A Key Segment in Market Growth
The expansion of the Asia-Pacific NB-IoT market is strongly supported by its growing adoption in the energy and utilities sector. Power distribution companies are deploying NB-IoT solutions for smart metering, grid monitoring, and efficient energy management. The technology’s ability to connect large numbers of devices at low cost has made it ideal for large-scale utility networks. Water and gas utilities are also implementing IoT-based monitoring to reduce losses and improve service reliability. Governments are promoting smart infrastructure policies that encourage the use of connected energy systems. This growing application base is enhancing operational transparency and driving sustainable energy practices across the region.
Regional Outlook
Asia-Pacific narrow band IoT market is further divided by countries, including China, Japan, South Korea, India, Australia & New Zealand, ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, and others), and the Rest of Asia-Pacific.
China Dominates the Market with a Major Share
China continues to lead the global NB-IoT landscape through strong government backing and large-scale industrial implementation. The market is expanding rapidly as telecom operators invest in nationwide NB-IoT network coverage. Sectors such as smart cities, logistics, and utilities are driving large volumes of device connections. The integration of NB-IoT into smart energy and environmental monitoring systems is further boosting demand. Local manufacturers and chipset developers are contributing to cost efficiency and innovation in device design. This proactive ecosystem is positioning China as the central hub for NB-IoT advancements and exports.
Market Players Outlook
The major companies operating in the Asia-Pacific narrow band IoT market include Huawei Technologies Co., Ltd., MediaTek Inc., Quectel Wireless Solutions Co., Ltd., u-blox Holding AG, ZTE Corp., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Development
- In October 2024, Quectel Wireless Solutions, a global IoT solutions provider, announced the introduction of three additional short-range modules to its portfolio. The modules are the FC30R, a cost-effective, industrial-grade Wi-Fi module; the FCU743R, featuring Wi-Fi 4 and Bluetooth 5.2 capabilities; and the FCM740D, an MCU with Wi-Fi 4 and Bluetooth 5.2. These modules enable customers to bring IoT devices to market more cost-effectively and with a faster time to market.
- Market value data analysis of 2025 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Asia-Pacific narrow-band IoT market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
Table of Contents
157 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Asia-Pacific Narrow Band IoT Market Sales Analysis – Deployment Type | Industry | ($ Million)
- Asia-Pacific Narrow Band IoT Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Asia-Pacific Narrow Band IoT Industry Trends
- 2.2.2. Market Recommendations
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For Asia-Pacific Narrow Band IoT Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Asia-Pacific Narrow Band IoT Market: Impact Analysis
- 3.3. Market Opportunities
- 4. Competitive Landscape
- 4.1. Competitive Dashboard – Asia-Pacific Narrow Band IoT Market Revenue and Share by Manufacturers
- Narrow Band IoT Product Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. Huawei Technologies Co., Ltd.
- 4.2.1.1. Overview
- 4.2.1.2. Product Portfolio
- 4.2.1.3. Financial Analysis
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. MediaTek Inc.
- 4.2.2.1. Overview
- 4.2.2.2. Product Portfolio
- 4.2.2.3. Financial Analysis
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. Quectel Wireless Solutions Co., Ltd.
- 4.2.3.1. Overview
- 4.2.3.2. Product Portfolio
- 4.2.3.3. Financial Analysis
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.4. u-blox Holding AG
- 4.2.4.1. Overview
- 4.2.4.2. Product Portfolio
- 4.2.4.3. Financial Analysis
- 4.2.4.4. SWOT Analysis
- 4.2.4.5. Business Strategy
- 4.2.5. ZTE Corp.
- 4.2.5.1. Overview
- 4.2.5.2. Product Portfolio
- 4.2.5.3. Financial Analysis
- 4.2.5.4. SWOT Analysis
- 4.2.5.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
- 5. Asia-Pacific Narrow Band IoT Market Sales Analysis by Deployment Type ($ Million)
- 5.1. Guard Band
- 5.2. In-Band
- 5.3. Standalone
- 6. Asia-Pacific Narrow Band IoT Market Sales Analysis by Industry ($ Million)
- 6.1. Logistics and Transportation
- 6.2. Energy & Utilities
- 6.3. Agriculture
- 6.4. Industrial Manufacturing
- 6.5. Healthcare
- 6.6. Other (Retail)
- 7. Regional Analysis
- 7.1. Asia-Pacific Narrow Band IoT Market Sales Analysis – Deployment Type | Industry | Country ($ Million)
- Macroeconomic Factors for Asia-Pacific
- 7.1.1. China
- 7.1.2. Japan
- 7.1.3. South Korea
- 7.1.4. India
- 7.1.5. Australia & New Zealand
- 7.1.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And others)
- 7.1.7. Rest of Asia-Pacific
- 8. Company Profiles
- 8.1. Cheerzing Technology Co., Ltd.
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
- 8.2. Fibocom Wireless Inc.
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
- 8.3. Huawei Technologies Co., Ltd.
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
- 8.4. MediaTek Inc.
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
- 8.5. Neoway Technology Co., Ltd.
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
- 8.6. Nordic Semiconductor ASA
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
- 8.7. Novatek Microelectronics Corp.
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
- 8.8. Quectel Wireless Solutions Co., Ltd.
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
- 8.9. Realtek Semiconductor Corp.
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
- 8.10. Richtek Technology Corp.
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
- 8.11. Samsung Electronics Co., Ltd.
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
- 8.12. Sercomm Corp.
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
- 8.13. Sierra Wireless, Inc.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
- 8.14. SIMCom Wireless Solutions Ltd.
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
- 8.15. Sony Semiconductor Israel Ltd. (Altair Semiconductor)
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies
- 8.16. Taiwan Semiconductor Manufacturing Company (TSMC)
- 8.16.1. Quick Facts
- 8.16.2. Company Overview
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategies
- 8.17. Telit Communications PLC
- 8.17.1. Quick Facts
- 8.17.2. Company Overview
- 8.17.3. Product Portfolio
- 8.17.4. Business Strategies
- 8.18. u-blox Holding AG
- 8.18.1. Quick Facts
- 8.18.2. Company Overview
- 8.18.3. Product Portfolio
- 8.18.4. Business Strategies
- 8.19. United Microelectronics Corp. (UMC)
- 8.19.1. Quick Facts
- 8.19.2. Company Overview
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategies
- 8.20. ZTE Corp.
- 8.20.1. Quick Facts
- 8.20.2. Company Overview
- 8.20.3. Product Portfolio
- 8.20.4. Business Strategies
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