Cellular IoT offers advanced connectivity technologies that connect billions of IoT devices to the Internet across the globe.
The global Cellular IoT Market size is projected to reach a CAGR of 25.9% from 2022-2028.
Cellular IoT offers advanced connectivity technologies that connect billions of IoT devices to the Internet across the globe. These advanced technologies include 3G, 4G, 5G, and LPWA (Low Power Wide Area) cellular technologies such as NB-IoT and LTE-M. Cellular IoT offers global coverage, reliable connection of IoT devices, and low-cost hardware that is required for cellular IoT connections.
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The increasing deployment of cellular IoT modules in smart city infrastructure and building automation verticals, and growing demand for cellular IoT in agricultural automation and environmental monitoring, are some of the factors that have supported long-term expansion for Cellular IoT Market.
Recent Developments
In April 2021, Sierra Wireless has launched its HL7845 Module. The module features support for 450 MHz wireless spectrum and is designed to meet the IoT connectivity needs of utilities in Europe.
In March 2021, Fibocom has launched next-generation 5G NR modules compliant with 3GPP R16 standard during Mobile World Congress Shanghai (MWC-S21). The launch includes FM150 and FG160 5G module series 5G module series of sub-6 GHz frequency range as well as the FM160W and FG160W series of mmWave range.
Prominent Players
- Sierra Wireless
- Qualcomm Technologies, Inc.
- Sequans Communications S.A.
- ZTE Corporation
- Gemalto NV
- u-blox
- Telit Communications PLC
- Ericsson AB
- ARM Limited
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Asia Pacific to Dominate the Market
APAC region is expected to grow at the highest CAGR from 2022 to 2028. China, Japan, India, and South Korea are the major countries contributing to the growth of the cellular IoT market in APAC.
Cellular IoT Market Segmentation:
On the basis of Component
· Hardware
· Software
· Services
On the basis of Technology
· 2G
· 3G
· 4G
· LTE-M
· NB-LTE-M
· NB-IoT
· 5G
On the basis of Application
· Alarms & Detectors
· Smart Appliances
· Smart Metering
· Smart Parking
· Smart Street Light
· Surveillance & Monitoring
· Trackers
· Wearable Devices
· Others (Connected Healthcare devices and environmental monitoring devices)
On the basis of Vertical
· Agriculture
· Automotive & Transportation
· Building Automation
· Consumer Electronics
· Energy & Utilities
· Healthcare
· Industrial/ Manufacturing
· Retail
· Smart Cities
· Others
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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