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.
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
Introduction
Key Points
Report Description
Markets Covered
Stakeholders
Research Methodology
Research Scope
Research Methodology
Market Research Process
Research Methodology
Secondary Research
Primary Research
Models for Estimation
Market Size Estimation
Bottom-Up Approach
Top-Down Approach
Executive Summary
Market Overview
Introduction
Drivers
Restraints
Opportunities
Challenges
Cellular IoT Module Market, By Component
Key Points
Hardware
Software
Services
Cellular IoT Module Market, By Technology
Key Points
2G
3G
4G
LTE-M
NB-LTE-M
NB-IoT
5G
Cellular IoT Module Market, By Application
Key Points
Alarms & Detectors
Smart Appliances
Smart Metering
Smart Parking
Smart Street Light
Surveillance & Monitoring
Trackers
Wearable Devices
Others
Cellular IoT Module Market, By Vertical
Key Points
Agriculture
Automotive & Transportation
Building Automation
Consumer Electronics
Energy & Utilities
Healthcare
Industrial/ Manufacturing
Retail
Smart Cities
Others
Competitive Landscape
Introduction
Start-up companies-Cellular IoT Module Market
Recent Developments
Mergers & Acquisitions
New Product Developments
Portfolio/Production Capacity Expansions
Joint Ventures, Collaborations, Partnerships & Agreements
Others
Company Profile
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