North American Narrow Band (NB)-IoT Market 2026-2035

Description

List of Tables

North America 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

North America narrow band IoT market was valued at $2,557.0 million in 2025 and is projected to reach $25,137.9 million by 2035, growing at a CAGR of 25.6% during the forecast period (2026-2035). The North American narrow band IoT market is steadily expanding due to increased adoption of connected devices and digital transformation initiatives. Industries such as healthcare, logistics, and transportation are incorporating NB-IoT solutions to enhance operational visibility. Improved network infrastructure and widespread 4G/5G coverage have facilitated this growth. Enterprises benefit from efficient, low-power, and cost-effective connectivity solutions. Regulatory support for smart infrastructure and IoT deployments further strengthens market prospects. Collectively, these factors are driving sustained expansion in the region.

Market Dynamics

Increasing Adoption in Smart Energy and Utilities

The North American narrow band IoT market is seeing significant growth fueled by the energy and utilities sector. Smart grids, advanced metering infrastructure, and remote monitoring systems are increasingly leveraging NB-IoT connectivity. Utilities are adopting these solutions to enhance operational efficiency and reduce energy losses. Real-time data analytics enables proactive maintenance and optimized consumption across networks. Low-power wide-area network capabilities support large-scale deployments at minimal cost. Consequently, the integration of NB-IoT is reshaping energy management and infrastructure in North America.

Expansion Through In-Band Network Deployment

In-band NB-IoT deployment is emerging as a key driver for market expansion in North America. Telecom providers are integrating NB-IoT within existing LTE spectrum, reducing infrastructure overhead while ensuring reliable coverage. This approach allows scalable device connectivity without requiring additional frequency allocation. Enhanced network efficiency and reduced latency are attracting enterprises seeking IoT solutions for industrial and smart city applications. The strategy supports rapid rollout and seamless integration with current cellular services. As a result, in-band deployment is accelerating NB-IoT adoption across multiple sectors.

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 Segment to Lead the Market with the Largest Share

In-band deployment of NB-IoT is contributing significantly to market growth across North America. Telecom operators are utilizing existing LTE spectrum to implement NB-IoT networks efficiently, minimizing infrastructure investments. This approach provides reliable connectivity for large numbers of IoT devices while maintaining network performance. Enterprises benefit from improved bandwidth management, reduced latency, and seamless integration with existing cellular networks. The strategy supports rapid rollout of IoT applications in industries such as logistics, smart cities, and manufacturing. Consequently, in-band NB-IoT deployment is emerging as a major growth driver in the region.

Energy & Utilities: A Key Segment in Market Growth

The North American Narrow Band IoT market is witnessing notable expansion due to increasing adoption in the energy and utilities sector. Smart grid infrastructure and advanced metering systems are being upgraded with NB-IoT solutions to improve monitoring and control. Utility providers are leveraging these networks to enable real-time data collection, predictive maintenance, and efficient energy distribution. Low-power, wide-area connectivity allows large-scale deployments without significant cost escalation. This integration is helping companies optimize consumption and reduce operational losses. As a result, the energy and utilities segment is a key catalyst for NB-IoT market growth in the region.

Regional Outlook

North America narrow band IoT market is further divided by countries, including the US and Canada.

US Dominates the Market with Major Share

The US Narrow Band IoT market is advancing rapidly, driven by industrial automation and smart infrastructure initiatives. Manufacturing and logistics sectors are deploying NB-IoT for machine-to-machine communication and asset monitoring. Government-backed programs for smart cities and digital networks are accelerating adoption. Telecom operators are expanding NB-IoT coverage to meet enterprise connectivity demands. Technology's ability to support massive IoT deployments with minimal power usage is a key advantage. Overall, these factors are positioning the US as a central hub for NB-IoT innovation.

Market Players Outlook

The major companies operating in the North America narrow band IoT market include Qualcomm Technologies, Inc., Quectel Wireless Solutions Co., Ltd., Sierra Wireless, Inc., Telit Communications PLC, u-blox Holding AG, 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 2025, AT&T and Ericsson joined forces to unveil the AT&T IoT Marketplace, an advanced digital eCommerce platform designed to facilitate service innovation and monetization of IOT services at scale. It streamlines the processes of selling, contracting, provisioning, and billing within the Internet of Things (IoT) sector. This state-of-the-art platform features a comprehensive digital catalog, order management system, and TMF API based integration and exposure. The platform provides an efficient and seamless solution specifically designed for industries like transportation, manufacturing, and healthcare, supporting this growing area of AT&T's business offering.

The Report Covers:

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 North America 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.

Product Code: OMR2023650

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
North America Narrow Band IoT Market Sales Analysis - Deployment Type | Industry | ($ Million)
North America 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 North America Narrow Band IoT Industry Trends
- 2.2.2. Market Recommendations

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For North America Narrow Band IoT Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For North America Narrow Band IoT Market: Impact Analysis
3.3. Market Opportunities

4. Competitive Landscape

4.1. Competitive Dashboard - North America 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. Qualcomm Technologies, Inc.
  - 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. Quectel Wireless Solutions Co., Ltd.
  - 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. Sierra Wireless, Inc.
  - 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. Telit Communications PLC
  - 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. u-blox Holding AG
  - 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. North America Narrow Band IoT Market Sales Analysis by Deployment Type ($ Million)

5.1. Guard Band
5.2. In-Band
5.3. Standalone

6. North America 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. North America Narrow Band IoT Market Sales Analysis -Deployment Type | Industry | ($ Million)
Macroeconomic Factors for North America
- 7.1.1. US
- 7.1.2. Canada

8. Company Profiles

8.1. AT&T Inc.
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
8.2. Blues Wireless, Inc.
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
8.3. Cavli Wireless
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
8.4. Ericsson AB
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
8.5. Ezurio
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
8.6. GAO Tek Inc.
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
8.7. Intel Corp.
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
8.8. MediaTek Inc.
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
8.9. Murata Manufacturing Co., Ltd.
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
8.10. Nokia Corp.
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
8.11. Nordic Semiconductor ASA
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
8.12. Qualcomm Technologies, Inc.
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
8.13. Samsung Electronics Co., Ltd.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
8.14. Sierra Wireless, Inc.
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
8.15. STMicroelectronics NV
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies
8.16. Telit Communications PLC
- 8.16.1. Quick Facts
- 8.16.2. Company Overview
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategies
8.17. T-Mobile US, Inc.
- 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. Verizon Communications Inc.
- 8.19.1. Quick Facts
- 8.19.2. Company Overview
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategies
8.20. Wurth Elektronik Gruppe
- 8.20.1. Quick Facts
- 8.20.2. Company Overview
- 8.20.3. Product Portfolio
- 8.20.4. Business Strategies