Cellular IoT Module Market
  • Published Date: Aug-2021
  • |
  • 180 Pages
  • |
  • Report ID: ES1418

Cellular IoT Module Market

The Cellular IoT Module Market is expected to grow from USD 2,682.63 million in 2020 to USD 7,776.76 million by 2026 at a CAGR of 19.40% from 2020 to 2026.

  • Report Description
  • Table of Content
  • Segmentation
  • Companies

Cellular Internet of Things (IoT) refers to the integration of telecommunication devices with the internet. It uses advanced technologies, such as 3G, 4G, 5G and Low Power Wide Area (LPWA), for developing reliable connections through several hardware devices and sensors. It is broadly used for automation, remote plant monitoring, asset, warehouse and workforce management, cloud-based robotics, traffic management and telematics in smartwatches and fitness bands. Cellular IoT modules simplify global deployment, develop a secured connection with other shared networks and support both low and high bandwidths. Major growth in the telecommunications industry across the world is one of the significant factors creating a positive impact on the market. Furthermore, the rapid digitization and the rising need for automation across industries are offering a thrust to the market growth. Medium and large-scale organizations are broadly deploying Narrowband Internet of Things (NB-IoT) and Long-Term Evolution for Machines (LTE-M) solutions. These technologies can be combined with the current mobile networks to offer improved end-to-end security, device-level access and authentication and encrypted data transfer. Moreover, the integration of the IoT, embedded sensors, Wi-Fi and Bluetooth with automobile systems are few other factors likely to boost the market growth. Apart from that, the complications in management and maintenance of cellular IoT deployments will limit the market.

The global Cellular IoT Module Market is segregated on the basis of Component as Hardware, Software and Services. Based on Technology the global Cellular IoT Module Market is segmented in 2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IoT and 5G. Based on Application the global Cellular IoT Module Market is segmented in Alarms & Detectors, Smart Appliances, Smart Metering, Smart Parking, Smart Street Light, Surveillance & Monitoring, Trackers, Wearable Devices and Others. Based on Vertical the global Cellular IoT Module Market is segmented in Agriculture, Automotive & Transportation, Building Automation, Consumer Electronics, Energy & Utilities, Healthcare, Industrial/ Manufacturing, Retail, Smart Cities and Others.

The global Cellular IoT Module Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Cellular IoT Module Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Quectel, Thales Group, Fibocom Wireless, Telit Communications, u-blox Holdingand others are among the major players in the global Cellular IoT Module Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

  • In April 2021, Sierra Wireless has introduced its HL7845 Module. The module features support for 450 MHz wireless spectrum and is designed to match the IoT connectivity requirements of utilities in Europe.

  • In March 2021, Fibocom has introduced next-generation 5G NR modules compliant with 3GPP R16 standard during Mobile World Congress Shanghai (MWC-S21). The launch consists of FM150 and FG160 5G module series 5G module series of sub-6 GHz frequency range along with the FM160W and FG160W series of mmWave range.

The global Cellular IoT Module Market has been segmented as below:

Cellular IoT Module Market, By Component

  • Hardware

  • Software

  • Services

Cellular IoT Module Market, By Technology

  • 2G

  • 3G

  • 4G

  • LTE-M

  • NB-LTE-M

  • NB-IoT

  • 5G

Cellular IoT Module Market, By Application

  • Alarms & Detectors

  • Smart Appliances

  • Smart Metering

  • Smart Parking

  • Smart Street Light

  • Surveillance & Monitoring

  • Trackers

  • Wearable Devices

  • Others

Cellular IoT Module Market, By Vertical

  • Agriculture

  • Automotive & Transportation

  • Building Automation

  • Consumer Electronics

  • Energy & Utilities

  • Healthcare

  • Industrial/ Manufacturing

  • Retail

  • Smart Cities

  • Others

Cellular IoT Module Market, By Region

  • Europe

  • North America

  • Asia Pacific

  • Rest of The World

Cellular IoT Module Market, By Company

  • Quectel

  • Thales Group 

  • Fibocom Wireless

  • Telit Communications

  • u-blox Holding

  • Sierra Wireless

  • Qualcomm

  • Mediatek

  • UNISOC Technologies

  • Altair Semiconductor

  • Intel

  • Nordic Semiconductor

  • Murata Manufacturing

  • Sequans Communication

  • Analog Devices

  • Qorvo

  • AT&T

  • GosuncnWelink Corporation

  • HiSilicon Technologies

  • MeiG Smart Technology

The report covers the below scope:

  • Global Cellular IoT Module Market sizes from 2020 to 2025, along with CAGR for 2020-2025

  • Market size comparison for 2019 vs 2025, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2025

  • Global Cellular IoT Module Market trends, covering comprehensive range of consumer trends & manufacturer trends

  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Cellular IoT Module Market

  • Major market opportunities and challenges in forecast timeframe to be focused

  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management

  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2019

  • Estimated year - 2019

  • Projected year - 2020

  • Forecast period - 2021 to 2026

Report Scope:

The global Cellular IoT Module Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Cellular IoT Module Market share. Major industry players with significant revenue share include Quectel, Thales Group, Fibocom Wireless, Telit Communications, u-blox Holding, Sierra Wireless and Qualcomm and others.

Why to Buy this Report:

  • Gain detailed insights on the Cellular IoT Module industry trends

  • Find complete analysis on the market status

  • Identify the Cellular IoT Module Market opportunities and growth segments

  • Analyse competitive dynamics by evaluating business segments & product portfolios

  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted towards the existing players in the industry is as follows:

  • Market Manufacturers/Service Providers

  • Market Wholesale/Traders

  • Investment and Financial Institutions

Free and Paid Customization based on the requirement



Report Content

  1. Introduction

    1. Key Points

    2. Report Description

    3. Markets Covered

    4. Stakeholders

  2. Research Methodology

    1. Research Scope

    2. Research Methodology

      1. Market Research Process

      2. Research Methodology

        1. Secondary Research

        2. Primary Research

        3. Models for Estimation

    3. Market Size Estimation

      1. Bottom-Up Approach

      2. Top-Down Approach

  3. Executive Summary

  4. Market Overview

    1. Introduction

    2. Drivers

    3. Restraints

    4. Opportunities

    5. Challenges

  5. Cellular IoT Module Market, By Component

    1. Key Points

    2. Hardware

    3. Software

    4. Services

  6. Cellular IoT Module Market, By Technology

    1. Key Points

    2. 2G

    3. 3G

    4. 4G

    5. LTE-M

    6. NB-LTE-M

    7. NB-IoT

    8. 5G

  7. Cellular IoT Module Market, By Application

    1. Key Points

    2. Alarms & Detectors

    3. Smart Appliances

    4. Smart Metering

    5. Smart Parking

    6. Smart Street Light

    7. Surveillance & Monitoring

    8. Trackers

    9. Wearable Devices

    10. Others

  8. Cellular IoT Module Market, By Vertical

    1. Key Points

    2. Agriculture

    3. Automotive & Transportation

    4. Building Automation

    5. Consumer Electronics

    6. Energy & Utilities

    7. Healthcare

    8. Industrial/ Manufacturing

    9. Retail

    10. Smart Cities

    11. Others

  9. Competitive Landscape

    1. Introduction

    2. Start-up companies-Cellular IoT Module Market

    3. Recent Developments

      1. Mergers & Acquisitions

      2. New Product Developments

      3. Portfolio/Production Capacity Expansions

      4. Joint Ventures, Collaborations, Partnerships & Agreements

      5. Others

  10. Company Profile

    1. Quectel

    2. Thales Group 

    3. Fibocom Wireless

    4. Telit Communications

    5. u-blox Holding

    6. Sierra Wireless

    7. Qualcomm

    8. Mediatek

    9. UNISOC Technologies

    10. Altair Semiconductor

    11. Intel

    12. Nordic Semiconductor

    13. Murata Manufacturing

    14. Sequans Communication

    15. Analog Devices

    16. Qorvo

    17. AT&T

    18. GosuncnWelink Corporation

    19. HiSilicon Technologies

    20. MeiG Smart Technology


Cellular IoT Module Market

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