The Asia Pacific Cellular IoT Market is expected to witness market growth of 25.7% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Cellular IoT Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.75 billion by 2031. The Japan market is registering a CAGR of 25% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 26.5% during 2024-2031.
The healthcare industry benefits greatly from cellular IoT in applications such as remote patient monitoring, telemedicine, and medical asset tracking. Wearable devices and connected medical equipment powered by cellular IoT allow healthcare providers to monitor patient health in real time, even when patients are not in the hospital. This is particularly valuable in managing chronic conditions and elderly care, where continuous monitoring is crucial.
This is transforming retail by improving inventory management, enabling smart shelves, and enhancing customer experiences through connected devices. For instance, RFID tags and beacons connected through cellular IoT can provide real-time information about stock levels, locations, and product movement within the supply chain. This allows retailers to optimize inventory, prevent stockouts, and ensure timely deliveries.
In China, the smart home industry has been growing at an impressive rate of nearly 20 percent annually from 2016 to 2021, with its market value skyrocketing from 260 billion yuan ($36.25 billion) to 580 billion yuan. This trend is expected to continue as Zhejiang province’s smart home sector is projected to reach 500 billion yuan by 2025. This rapid expansion directly impacts this market, as smart homes increasingly rely on IoT devices connected through cellular networks for automation, security, and energy management. Also, in India, the growth of urbanization and smart city initiatives, as part of the Smart Cities Mission, is reshaping the demand for cellular IoT. With India’s urban system housing 11% of the world’s urban population and ongoing efforts to improve the quality of life in 100 smart cities, robust, interconnected solutions are essential. This is vital in enabling smart city infrastructure and supporting areas like traffic management, energy consumption monitoring, public safety, and healthcare services. In conclusion, these factors in China and India present significant opportunities for growth in this market.
The China market dominated the Asia Pacific Cellular IoT Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.75 billion by 2031. The Japan market is registering a CAGR of 25% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 26.5% during 2024-2031.
The healthcare industry benefits greatly from cellular IoT in applications such as remote patient monitoring, telemedicine, and medical asset tracking. Wearable devices and connected medical equipment powered by cellular IoT allow healthcare providers to monitor patient health in real time, even when patients are not in the hospital. This is particularly valuable in managing chronic conditions and elderly care, where continuous monitoring is crucial.
This is transforming retail by improving inventory management, enabling smart shelves, and enhancing customer experiences through connected devices. For instance, RFID tags and beacons connected through cellular IoT can provide real-time information about stock levels, locations, and product movement within the supply chain. This allows retailers to optimize inventory, prevent stockouts, and ensure timely deliveries.
In China, the smart home industry has been growing at an impressive rate of nearly 20 percent annually from 2016 to 2021, with its market value skyrocketing from 260 billion yuan ($36.25 billion) to 580 billion yuan. This trend is expected to continue as Zhejiang province’s smart home sector is projected to reach 500 billion yuan by 2025. This rapid expansion directly impacts this market, as smart homes increasingly rely on IoT devices connected through cellular networks for automation, security, and energy management. Also, in India, the growth of urbanization and smart city initiatives, as part of the Smart Cities Mission, is reshaping the demand for cellular IoT. With India’s urban system housing 11% of the world’s urban population and ongoing efforts to improve the quality of life in 100 smart cities, robust, interconnected solutions are essential. This is vital in enabling smart city infrastructure and supporting areas like traffic management, energy consumption monitoring, public safety, and healthcare services. In conclusion, these factors in China and India present significant opportunities for growth in this market.
List of Key Companies Profiled
- Cisco Systems, Inc.
- Semtech Corporation
- Microsoft Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- AT&T Inc.
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Vodafone Group Plc
- PTC Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
Market Report Segmentation
By End Use- Automotive & Transportation
- Healthcare
- Agriculture
- Consumer Electronics
- Energy
- Smart Cities
- Environment Monitoring
- Retail
- Other End Use
- Hardware
- Software
- 4G
- 5G
- 3G
- 2G
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Cellular IoT Market by End Use
Chapter 6. Asia Pacific Cellular IoT Market by Component
Chapter 7. Asia Pacific Cellular IoT Market by Technology
Chapter 8. Asia Pacific Cellular IoT Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Cisco Systems, Inc.
- Semtech Corporation
- Microsoft Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- AT&T Inc.
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Vodafone Group Plc
- PTC Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
Methodology
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