According to UnivDatos, rapid smart city investments, expansion of cellular LPWAN infrastructure by telecom operators, growing deployment of smart electricity, water, and gas meters, rising demand for low-power and long-battery-life IoT connectivity, increasing industrial IoT adoption for asset tracking and monitoring, strong government-backed digital transformation, and Industry 4.0 initiatives are driving the Southeast Asia Narrow Band IoT market. As per the “Southeast Asia Narrow Band IoT Market” report, the market was valued at ~USD 94.50 million in 2024, growing at a CAGR of about 44.50% during the forecast period from 2025 to 2033 to reach USD million by 2033.

The Narrow Band IoT market in Southeast Asia is being propelled by a group of existing technology and connectivity vendors that have the potential to scale and deploy low-power IoT solutions throughout the region. These players play a key role in increasing the network coverage, enhancing the devices in operation, and backing the commercial rollouts, other than in pilot projects. Their investment in strategic partnerships and ecosystems is enhancing competitiveness in the market. These factors shape the rate and trend of NB-IoT adoption in Southeast Asia.

1.    Quectel Wireless Solutions Co., Ltd

Quectel Wireless Solutions Co., Ltd. engages in the research and development, design, production, and sale of wireless communication modules and solutions worldwide. The company offers a range of Internet of Things products and services, including 5G,4G,3G,2G, and LPWA cellular modules such as LPWA BC65 NB-IoT; LTE modules; vehicle-mounted front-end modules; 5G and 4G edge computing modules; Wi-Fi and BT communication modules; GNSS positioning modules; satellite communication modules; antennas; and other hardware products, as well as software platform services. It also provides certification and testing, industrial intelligence, agriculture, and other services and solutions. The company’s products are used in transportation, energy, financial payment, cities, wireless gateways, agriculture and environmental monitoring, industry, life and healthcare, smart security, and other fields. Quectel Wireless Solutions Co., Ltd. was founded in 2010 and is headquartered in Shanghai, China.

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2.    Murata Manufacturing Co., Ltd.

Murata Manufacturing Co., Ltd. develops, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. It operates through three segments: Components, Devices & Modules, and Other. The company offers capacitors, inductors, high-frequency devices, and communication modules, including surface acoustic wave filters, RF modules, multilayer resin substrates, and connectivity modules, which include LPWA Products, LTE Cat.M1/NB-IoT Modules; lithium-ion secondary batteries; sensors; antennas and related products; baluns; and batteries. It offers its products for use in communications equipment, mobility, data center and enterprise computing, industrial, wellness, personal electronics, and environment/energy applications. The company was founded in 1944 and is headquartered in Nagaokakyo, Japan.

3.    Nordic Semiconductor

Nordic Semiconductor ASA, a fabless semiconductor company, develops and sells integrated circuits for use in short- and long- range wireless applications in Europe, the Americas, and the Asia Pacific. The company offers cellular IoT that comprises NB-IoT and LTE-M; non-terrestrial networks; Wi-Fi solutions; Bluetooth low energy System-on-Chip (SoC); Bluetooth direction finding solution; DECT NR+, a non-cellular radio standard; Thread, an IP-based wireless networking protocol solution; nRF52 and nRF51 wireless SoCs; and range extenders, as well as Bluetooth LE audio, Bluetooth mesh, and Zigbee products. Its products are used for consumer devices, including asset tracking, audio, education, HID, smart home and remotes, gaming, virtual reality and augmented reality products, and wearables; for industrial automation, such as automotive, beacons, building automation, professional lighting, transportation, retail, and smart agriculture and metering; and healthcare devices that include connected health and sports and fitness. Nordic Semiconductor ASA was founded in 1983 and is headquartered in Trondheim, Norway.

4.    MediaTek Inc.

MediaTek Inc. engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, the rest of Asia, and internationally. The company offers multimedia, computer peripherals, consumer-oriented products, and other ICs for various applications. The MediaTek NB-IoT platform has the highest temperament for low connection quality, allowing NB-IoT devices to be installed in locations that cannot be served by competing IoT connectivity standards. This particularly benefits device installation in remote or difficult-to-access locations. The company was incorporated in 1997 and is headquartered in Hsinchu City, Taiwan.

5.    Qualcomm Technologies, Inc.

Qualcomm Technologies, Inc. manufactures, develops, and sells wireless semiconductor chips antennas for smartphones. Its technology platform offers 5G artificial intelligence, Bluetooth, modem RF systems, processors, and Wi-Fi. The company's products are used in the areas of audio, automotive, cameras, industrial and commercial applications, the Internet of Things, mobile computing, smartphones, smart homes, wearables, and wireless networks. The company was founded in 1985 and is based in San Diego, California with additional offices worldwide. Qualcomm Technologies, Inc. operates as a subsidiary of QUALCOMM Incorporated.

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