The cellular IoT market is projected to grow from USD 3.9 billion in 2021 to USD 15.4 billion by 2027; it is expected to grow at a CAGR of 25.7% from 2021 to 2027. The key factors fueling the growth of the market include 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. Additionally, increasing application of cellular IoT modules in medical wearables, and Increasing applications for cellular IoT modules in vehicle telematics and fleet management is expected to create a growth opportunity for the cellular IoT market.
The hardware segment is projected to account for the largest share of the cellular IoT market during the forecast period.
Hardware components such cellular IoT modules and chipsets form the basis of the entire cellular IoT ecosystem. The increasing deployment of cellular IoT modules in wearables and connected healthcare devices as well as smartcity infrastructure, and building automation projects is expected to fuel the growth of the hardware segment during the forecast period
The market for wearable devices segment is expected to grow at the highest CAGR during the forecast period
Increasing demand for medical wearables during the COVID-19 pandemic is expected to fuel the growth of the wearable devices segment during the forecast period.
APAC region is expected to grow at the highest CAGR during the forecast period.
China, Japan, India, and South Korea are the major countries contributing to the growth of the cellular IoT market in APAC. Rapid deployment of smart city projects and increased demand for connected health wearable devices during the COVID-19 pandemic are driving the growth of the regional market.
Break-up of the profiles of primary participants:
- By Company Type - Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
- By Designation - C-level - 40%, Director-level - 35%, and Manager-level - 25%
- By Region - North America - 30%, Europe - 20%, APAC - 45%, and RoW - 5%
The key players operating in the cellular IoT market include Quectel (China), Thales Group (France), Fibocom Wireless (China), Telit Communications (UK), and u-blox Holding (Switzerland)
The cellular IoT market has been segmented into technology and region.
Based on component the market has been segmented into hardware, software, and services. Based on technology the market has been segmented into 2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IoT, and 5G. Based on application the market has been segmented into alarms & detectors, smart appliances, smart metering, smart parking, smart streetlights, surveillance & monitoring, trackers, wearable devices, and others (connected healthcare devices and environmental monitoring devices). Based on vertical, the market has been segmented agriculture, automotive & transportation, building automation, consumer electronics, energy & utility, healthcare, industrial/manufacturing, retail, and smart cities. The cellular IoT market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
Reasons to buy the report:
- Illustrative segmentation, analysis, and forecast of the market based on component, technology, application, vertical, and region have been conducted to give an overall view of the cellular IoT market.
- A value chain analysis has been performed to provide in-depth insights into the cellular IoT market.
- The key drivers, restraints, opportunities, and challenges pertaining to the cellular IoT market have been detailed in this report.
- Detailed information regarding the COVID-19 impact on the cellular IoT market has been provided in the report.
- The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues
Table of Contents
1 Introduction
1.1 Objectives of Study
1.2 Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Cellular IoT Market Segmentation
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Volume Unit Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Cellular IoT Market: Research Design
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
2.1.2.1 List of Secondary Sources
2.1.2.2 Key Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews with Experts
2.1.3.2 Key Industry Insights
2.1.3.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Methodology for Arriving at Market Size Using Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Methodology for Capturing Market Size Using Top-Down Approach
Figure 4 Market Size Estimation Methodology: Approach 1 (Demand Side): Revenue of Products/Solutions/Services of Cellular IoT Market Size
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumptions
2.5 Risk Assessment
Table 1 Limitations and Associated Risks
2.6 Limitations
3 Executive Summary
3.1 Growth Rate Assumptions/Growth Forecast
Table 2 Cellular IoT Market, by Component, 2018-2020 (USD Billion)
Table 3 Cellular IoT Market, by Component, 2021-2027 (USD Billion)
Figure 7 Impact of COVID-19 on Cellular IoT Market
3.2 Post-COVID-19 Scenario
Table 4 Post-COVID-19 Scenario: Cellular IoT Market, 2021-2027 (USD Billion)
3.3 Optimistic Scenario (Post-COVID-19)
Table 5 Optimistic Scenario (Post-COVID-19): Cellular IoT Market, 2021-2027 (USD Billion)
3.4 Pessimistic Scenario (Post-COVID-19)
Table 6 Pessimistic Scenario (Post-COVID-19): Cellular IoT Market, 2021-2027 (USD Billion)
Figure 8 Hardware Segment to Lead Cellular IoT Market from 2021 to 2027
Figure 9 North America to Hold Largest Share of Cellular IoT Market in 2021
4 Premium Insights
4.1 Attractive Growth Opportunities in Cellular IoT Market
Figure 10 Increasing Deployment of Cellular IoT Modules in Smart Cities and Building Automation Verticals to Fuel Growth of Cellular IoT Market from 2021 to 2027
4.2 Cellular IoT Market, by Technology
Figure 11 4G Cellular IoT Module Segment to Account for Largest Size of Cellular IoT Market from 2021 to 2027
4.3 Cellular IoT Market, by Technology and Region
Figure 12 4G Module Segment and North America to Hold Largest Shares of Cellular IoT Market in 2021
4.4 Cellular IoT Market, by Country
Figure 13 Cellular IoT Market in India to Register Highest CAGR from 2021 to 2027
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 14 Market Dynamics: Cellular IoT Market, 2020
5.2.1 Drivers
5.2.1.1 Increasing Deployment of Cellular IoT Modules in Smart City Infrastructure and Building Automation Verticals
5.2.1.2 Growing Demand for Cellular IoT in Agricultural Automation and Environmental Monitoring
Figure 15 Cellular IoT Market: Impact Analysis of Drivers and Opportunities
5.2.2 Restraints
5.2.2.1 Susceptibility to Cyberattacks
5.2.2.2 Difficulties in Management and Maintenance of Cellular IoT Deployments
Figure 16 Cellular IoT Market: Impact Analysis of Restraints and Challenges
5.2.3 Opportunities
5.2.3.1 Increasing Application of Cellular IoT Modules in Medical Wearables
5.2.3.1.1 Use Case - Mayo Clinic
5.2.3.2 Increasing Applications for Cellular IoT Modules in Vehicle Telematics and Fleet Management
5.2.3.2.1 Use Case - Onstar Corporation
5.2.4 Challenges
5.2.4.1 Development of Common Protocols and Standards Across IoT Platform
5.3 Value Chain Analysis
Figure 17 Cellular IoT Market: Value Chain
5.4 Porter's Five Forces Analysis
Table 7 Cellular IoT Market: Porter's Five Forces Analysis
5.5 Ecosystem Analysis
Table 8 Ecosystem: Cellular IoT Market
5.6 Revenue Shift and New Revenue Pockets for Cellular IoT Market
5.7 Case Study Analysis
5.7.1 Use Case - Zhejiang Mobile & Huawei
5.7.2 Use Case - Tuya Smart
5.7.3 Use Case - Tata Power Delhi
5.8 Technology Analysis
5.8.1 Cloud Computing
5.8.2 5G
5.8.3 Mqtt Protocol
5.9 Pricing Analysis
Figure 18 Asp of Cellular IoT Modules, 2018-2021 (USD)
Table 9 Average Selling Price (ASP) Trend of Cellular IoT Modules by Top Companies
5.10 Trade Analysis
5.10.1 Import and Export Scenario
Figure 19 Import Data, by Country, 2016−2020 (USD Million)
Figure 20 Export Data, by Country, 2016−2020 (USD Million)
5.11 Patent Analysis
Table 10 List of Patents
5.12 Regulatory Landscape
5.12.1 Restriction of Hazardous Substances (Rohs) and Waste Electrical and Electronic Equipment (Weee)
5.12.2 Registration, Evaluation, Authorization, and Restriction of Chemicals (Reach)
6 Cellular IoT Market, by Component
6.1 Introduction
Figure 21 Cellular IoT Market, by Component
Figure 22 Software Segment to Grow at Highest Rate During Forecast Period
Table 11 Cellular IoT Market, by Component, 2018-2020 (USD Million)
Table 12 Cellular IoT Market, by Component, 2021-2027 (USD Million)
6.2 Hardware
6.2.1 Increasing Deployment of Cellular IoT Modules in Various Applications to Boost Market Growth
6.2.2 Baseband Processor
6.2.3 Rf Transceiver
6.2.4 Rf Front End
6.2.5 Power Management Unit
Table 13 Cellular IoT Market for Hardware, by Application, 2018-2020 (USD Million)
Table 14 Cellular IoT Market for Hardware, by Application, 2021-2027 (USD Million)
Table 15 Cellular IoT Market for Hardware, by Vertical, 2018-2020 (USD Million)
Table 16 Cellular IoT Market for Hardware, by Vertical, 2021-2027 (USD Million)
Table 17 Cellular IoT Market for Hardware, by Region, 2018-2020 (USD Million)
Table 18 Cellular IoT Market for Hardware, by Region, 2021-2027 (USD Million)
6.3 Software
6.3.1 Ease in Remote Monitoring of Cellular IoT Devices to Fuel Growth of Software Segment
6.3.2 Prototyping Platform
6.3.3 Software Development Kit
Table 19 Cellular IoT Market for Software, by Application, 2018-2020 (USD Million)
Table 20 Cellular IoT Market for Software, by Application, 2021-2027 (USD Million)
Table 21 Cellular IoT Market for Software, by Vertical, 2018-2020 (USD Million)
Table 22 Cellular IoT Market for Software, by Vertical, 2021-2027 (USD Million)
Table 23 Cellular IoT Market for Software, by Region, 2018-2020 (USD Million)
Table 24 Cellular IoT Market for Software, by Region, 2021-2027 (USD Million)
6.4 Services
6.4.1 Growing Need for Antenna Design Services to Calibrate IoT Devices in Specific Applications to Boost Market Growth
Table 25 Cellular IoT Market for Services, by Application, 2018-2020 (USD Million)
Table 26 Cellular IoT Market for Services, by Application, 2021-2027 (USD Million)
Table 27 Cellular IoT Market for Services, by Vertical 2018-2020 (USD Million)
Table 28 Cellular IoT Market for Services, by Vertical, 2021-2027 (USD Million)
Table 29 Cellular IoT Market for Services, by Region, 2018-2020 (USD Million)
Table 30 Cellular IoT Market for Services, by Region, 2021-2027 (USD Million)
7 Cellular IoT Market, by Technology
7.1 Introduction
Figure 23 Evolution of Cellular IoT Technology
Figure 24 Cellular IoT Market, by Technology
Figure 25 5G Cellular IoT Modules Segment to Grow at Highest Rate During Forecast Period
Table 31 Cellular IoT Module Shipments, 2018-2020 (Million Units)
Table 32 Cellular IoT Module Shipments, 2021-2027 (Million Units)
Table 33 Cellular IoT Module Market, 2018-2020 (USD Million)
Table 34 Cellular IoT Module Market, 2021-2027 (USD Million)
7.2 2G
7.2.1 High Demand for 2G IoT Modules in Static Asset Management Applications to Boost Market Growth
7.3 3G
7.3.1 Increasing Demand for 3G IoT Modules in Eastern Europe and South-East Asia for Smart Parking and Smart Street Light Applications to Fuel Market Growth
7.4 4G
7.4.1 Increasing Demand for 4G IoT Modules in Smart Manufacturing Applications to Drive Market Growth
7.4.2 Use Case - Corintech and Telit Communications
7.5 LTE-M
7.5.1 Growing Demand for Lte-M Modules in Utility Meters and Energy Management Applications to Fuel Market Growth
7.5.2 Use Case - Kddi Japan
7.6 Nb-LTE-M
7.6.1 Increasing Demand for Nblte-M Modules in Applications Requiring Variable Cellular Spectrum to Propel Market Growth
Table 35 Nb-LTE-M: Recent Developments
7.7 Nb-IoT
7.7.1 Increasing Demand for Nb-IoT Modules in Smar Metering and Agricultural Automation Applications to Drive Market Growth
7.7.2 Use Case - Tata Power Delhi
7.7.3 Use Case - China Mobile and State Grid Corporation of China (Cepri)
7.8 5G
7.8.1 Rising Demand for 5G IoT Modules in Smart Buildings for Security and Surveillance to Drive Market Growth
Table 36 5G: Recent Developments
8 Cellular IoT Market, by Application
8.1 Introduction
Figure 26 Cellular IoT Market, by Application
Figure 27 Wearable Devices Segment to Grow at Highest Rate During Forecast Period
Table 37 Cellular IoT Market, by Application, 2018-2020 (USD Million)
Table 38 Cellular IoT Market, by Application, 2021-2027 (USD Million)
8.2 Alarms & Detectors
8.2.1 Growing Demand for Alarms and Detectors in Smart Buildings to Fuel Market Growth
8.2.2 Use Case - Zhejiang Mobile & Huawei
Table 39 Cellular IoT Market for Alarms & Detectors, by Component, 2018-2020 (USD Million)
Table 40 Cellular IoT Market for Alarms & Detectors, by Component, 2021-2027 (USD Million)
Table 41 Cellular IoT Market for Alarms & Detectors, by Region, 2018-2020 (USD Million)
Table 42 Cellular IoT Market for Alarms & Detectors, by Region, 2021-2027 (USD Million)
8.3 Smart Appliances
8.3.1 Growing Demand for Smart Home Automation to Boost Growth of Smart Appliances Segment
8.3.2 Use Case - Tuya Smart
Table 43 Cellular IoT Market for Smart Appliances, by Component, 2018-2020 (USD Million)
Table 44 Cellular IoT Market for Smart Appliances, by Component 2021-2027 (USD Million)
Table 45 Cellular IoT Market for Smart Appliances, by Region 2018-2020 (USD Million)
Table 46 Cellular IoT Market for Smart Appliances, by Region 2021-2027 (USD Million)
8.4 Smart Metering
8.4.1 Ease in Electricity Billing and Automatic Record Logging of Daily Consumption to Boost Demand for Smart Metering
8.4.2 Use Case - Tata Power Delhi
8.4.3 Use Case - China Mobile and State Grid Corporation of China (Cepri)
Table 47 Cellular IoT Market for Smart Metering, by Component 2018-2020 (USD Million)
Table 48 Cellular IoT Market for Smart Metering, by Component 2021-2027 (USD Million)
Table 49 Cellular IoT Market for Smart Metering, by Region 2018-2020 (USD Million)
Table 50 Cellular IoT Market for Smart Metering, by Region 2021-2027 (USD Million)
8.5 Smart Parking
8.5.1 Combination of Smart Parking Technologies with IoT to Drive Market Growth
Figure 28 Working Mechanism: Smart Parking Systems
8.5.2 Use Case - China Mobile and Dt Mobile
Table 51 Cellular IoT Market for Smart Parking, by Component 2018-2020 (USD Million)
Table 52 Cellular IoT Market for Smart Parking, by Component 2021-2027 (USD Million)
Table 53 Cellular IoT Market for Smart Parking, by Region 2018-2020 (USD Million)
Table 54 Cellular IoT Market for Smart Parking, by Region 2021-2027 (USD Million)
8.6 Smart Street Lights
8.6.1 Need to Reduce Wastage of Electricity to Fuel Demand for Cellular IoT in Smart Street Lights Segment
Figure 29 Working Mechanism: Smart Lighting
8.6.2 Use Case - Deutsche Telekom and Elektrizitäts- Und Gasversorgung GmbH
Table 55 Cellular IoT Market for Smart Street Lights, by Component, 2018-2020 (USD Million)
Table 56 Cellular IoT Market for Smart Street Lights, by Component, 2021-2027 (USD Million)
Table 57 Cellular IoT Market for Smart Street Lights, by Region, 2018-2020 (USD Million)
Table 58 Cellular IoT Market for Smart Street Lights, by Region, 2021-2027 (USD Million)
8.7 Surveillance & Monitoring
8.7.1 Increasing Demand for Surveillance Cameras in Smart Buildings to Boost Market Growth
Table 59 Cellular IoT Market for Surveillance & Monitoring, by Component, 2018-2020 (USD Million)
Table 60 Cellular IoT Market for Surveillance & Monitoring, by Component, 2021-2027 (USD Million)
Table 61 Cellular IoT Market for Surveillance & Monitoring, by Region, 2018-2020 (USD Million)
Table 62 Cellular IoT Market for Surveillance & Monitoring, by Region, 2021-2027 (USD Million)
8.8 Trackers
8.8.1 Growing Demand for Trackers for Asset Management in Retail Sector to Boost Market Growth
Figure 30 Challenges: Asset Tracking
Table 63 Cellular IoT Market for Trackers, by Component, 2018-2020 (USD Million)
Table 64 Cellular IoT Market for Trackers, by Component, 2021-2027 (USD Million)
Table 65 Cellular IoT Market for Trackers, by Region, 2018-2020 (USD Million)
Table 66 Cellular IoT Market for Trackers, by Region, 2021-2027 (USD Million)
8.9 Wearable Devices
8.9.1 Growing Popularity of Wearable Devices to Fuel Demand for Cellular IoT Technologies
Table 67 Cellular IoT Market for Wearable Devices, by Component, 2018-2020 (USD Million)
Table 68 Cellular IoT Market for Wearable Devices, by Component, 2021-2027 (USD Million)
Table 69 Cellular IoT Market for Wearable Devices, by Region, 2018-2020 (USD Million)
Table 70 Cellular IoT Market for Wearable Devices, by Region, 2021-2027 (USD Million)
8.10 Other Applications (Connected Healthcare Devices and Environmental Monitoring Devices)
Figure 31 Environmental Monitoring Value Chain
Table 71 Cellular IoT Market for Other Applications, by Component, 2018-2020 (USD Million)
Table 72 Cellular IoT Market for Others, by Component, 2021-2027 (USD Million)
Table 73 Cellular IoT Market for Other Applications, by Region, 2018-2020 (USD Million)
Table 74 Cellular IoT Market for Other Applications, by Region, 2021-2027 (USD Million)
9 Cellular IoT Market, by Vertical
9.1 Introduction
Figure 32 Market Segmentation, by Vertical
Table 75 Cellular IoT Market, by Vertical, 2018-2020 (USD Million)
Table 76 Cellular IoT Market, by Vertical, 2021-2027 (USD Million)
Figure 33 Healthcare Vertical to Grow at Highest Rate in Cellular IoT Market During Forecast Period
9.2 Agriculture
9.2.1 Growing Requirement for Food is Increasing Demand for Cellular IoT Solutions in Agriculture Vertical to Achieve High Yield
Table 77 Cellular IoT Market for Agriculture Vertical, by Component, 2018-2020 (USD Million)
Table 78 Cellular IoT Market for Agriculture Vertical, by Component, 2021-2027 (USD Million)
Table 79 Cellular IoT Market for Agriculture Vertical, by Region, 2018-2020 (USD Million)
Table 80 Cellular IoT Market for Agriculture Vertical, by Region, 2021-2027 (USD Million)
9.3 Automotive & Transportation
9.3.1 Increasing Demand for Cellular IoT Modules in Telematics and Fleet Automation to Boost Market Growth
Table 81 Cellular IoT Market for Automotive & Transportation Vertical, by Component, 2018-2020 (USD Million)
Table 82 Cellular IoT Market for Automotive & Transportation Vertical, by Component, 2021-2027 (USD Million)
Table 83 Cellular IoT Market for Automotive & Transportation Vertical, by Region, 2018-2020 (USD Million)
Table 84 Cellular IoT Market for Automotive & Transportation Vertical, by Region, 2021-2027 (USD Million)
9.4 Consumer Electronics
9.4.1 Increasing Demand for Cellular IoT in Smart Home Appliances to Drive Market Growth
Table 85 Cellular IoT Market for Consumer Electronics Vertical, by Component, 2018-2020 (USD Million)
Table 86 Cellular IoT Market for Consumer Electronics Vertical, by Component, 2021-2027 (USD Million)
Table 87 Cellular IoT Market for Consumer Electronics Vertical, by Region, 2018-2020 (USD Million)
Table 88 Cellular IoT Market for Consumer Electronics Vertical, by Region, 2021-2027 (USD Million)
9.5 Building Automation
9.5.1 Increasing Government-Led Green Building Projects to Fuel Growth of Building Automation Segment
9.5.2 Case Study - Behrtech
Table 89 Cellular IoT Market for Building Automation Vertical, by Component, 2018-2020 (USD Million)
Table 90 Cellular IoT Market for Building Automation Vertical, by Component, 2021-2027 (USD Million)
Table 91 Cellular IoT Market for Building Automation Vertical, by Region, 2018-2020 (USD Million)
Table 92 Cellular IoT Market for Building Automation Vertical, by Region, 2021-2027 (USD Million)
9.6 Energy & Utility
9.6.1 Smart Metering and Smart Grid Projects to Boost Demand for Cellular Iot
Table 93 Cellular IoT Market for Energy & Utility Vertical, by Component, 2018-2020 (USD Million)
Table 94 Cellular IoT Market for Energy & Utility Vertical, by Component, 2021-2027 (USD Million)
Table 95 Cellular IoT Market for Energy & Utility Vertical, by Region, 2018-2020 (USD Million)
Table 96 Cellular IoT Market for Energy & Utility Vertical, by Region, 2021-2027 (USD Million)
9.7 Healthcare
9.7.1 Increasing Demand for Medical Wearables to Boost Market Growth
Table 97 Cellular IoT Market for Healthcare Vertical, by Component, 2018-2020 (USD Million)
Table 98 Cellular IoT Market for Healthcare Vertical, by Component, 2021-2027 (USD Million)
Table 99 Cellular IoT Market for Healthcare Vertical, by Region, 2018-2020 (USD Million)
Table 100 Cellular IoT Market for Healthcare Vertical, by Region, 2021-2027 (USD Million)
9.8 Industrial/Manufacturing
9.8.1 Increasing Applications of Cellular IoT Modules in Smart Factory Automation to Drive Market Growth
Table 101 Cellular IoT Market for Industrial/Manufacturing Vertical, by Component, 2018-2020 (USD Million)
Table 102 Cellular IoT Market for Industrial/Manufacturing Vertical, by Component, 2021-2027 (USD Million)
Table 103 Cellular IoT Market for Industrial/Manufacturing Vertical, by Region, 2018-2020 (USD Million)
Table 104 Cellular IoT Market for Industrial/Manufacturing Vertical, by Region, 2021-2027 (USD Million)
9.9 Retail
9.9.1 Increasing Demand for Cellular IoT Modules for Asset Tracking to Boost Market Growth
Table 105 Cellular IoT Market for Retail Vertical, by Component, 2018-2020 (USD Million)
Table 106 Cellular IoT Market for Retail Vertical, by Component, 2021-2027 (USD Million)
Table 107 Cellular IoT Market for Retail Vertical, by Region, 2018-2020 (USD Million)
Table 108 Cellular IoT Market for Retail Vertical, by Region, 2021-2027 (USD Million)
9.10 Smart Cities
9.10.1 Rapid Increase in Number of Public Sector Projects to Fuel Growth of Cellular IoT Market for Smart Cities
Table 109 Cellular IoT Market for Smart Cities Vertical, by Component, 2018-2020 (USD Million)
Table 110 Cellular IoT Market for Smart Cities Vertical, by Component, 2021-2027 (USD Million)
Table 111 Cellular IoT Market for Smart Cities Vertical, by Region, 2018-2020 (USD Million)
Table 112 Cellular IoT Market for Smart Cities Vertical, by Region, 2021-2027 (USD Million)
9.11 Others
9.11.1 Use Case - US Military and Verizon
Table 113 Cellular IoT Market for Others, by Component, 2018-2020 (USD Million)
Table 114 Cellular IoT Market for Others, by Component, 2021-2027 (USD Million)
Table 115 Cellular IoT Market for Others, by Region, 2018-2020 (USD Million)
Table 116 Cellular IoT Market for Others, by Region, 2021-2027 (USD Million)
10 Geographic Analysis
10.1 Introduction
Figure 34 Cellular IoT Market in India to Grow at Highest CAGR During Forecast Period
Table 118 Cellular IoT Market, by Region, 2021-2027 (USD Million)
10.2 North America
Figure 35 North America: Snapshot of Cellular IoT Market
10.2.1 US
10.2.1.1 Government Projects for Development of Smart City Infrastructure to Propel Demand for Cellular IoT Solutions
10.2.2 Canada
10.2.2.1 Increasing Environmental Monitoring Projects to Fuel Demand for Cellular IoT Modules
10.2.3 Mexico
10.2.3.1 Increasing Requirement for Vehicle Telematics and Fleet Management to Fuel Demand for Cellular IoT Solutions
Table 120 Cellular IoT Market in North America, by Country, 2021-2027 (USD Million)
10.3 Europe
Figure 36 Europe: Snapshot of Cellular IoT Market
10.3.1 Germany
10.3.1.1 Increasing Deployment of 5G Infrastructure to Boost Demand for Cellular IoT
10.3.2 UK
10.3.2.1 Increasing Demand for Cellular Connectivity in Manufacturing Sector to Drive Market Growth
10.3.3 France
10.3.3.1 Increasing Government Support for Smart City Projects to Boost Demand for Cellular IoT
10.3.4 Rest of Europe
Table 121 Cellular IoT Market in Europe, by Country, 2018-2020 (USD Million)
Table 122 Cellular IoT Market in Europe, by Country, 2021-2027 (USD Million)
10.4 APAC
Figure 37 APAC: Snapshot of Cellular IoT Market
10.4.1 China
10.4.1.1 Increasing Infrastructure Projects for Smart Parking Lots to Boost Demand for Cellular IoT
10.4.2 Japan
10.4.2.1 Expanding 5G Connectivity to Boost Demand for Cellular IoT Devices
10.4.3 India
10.4.3.1 Government Projects Supporting High Production of Semiconductor Devices to Propel Growth of Market
10.4.4 South Korea
10.4.4.1 Increasing Demand for Trackers and Wearable Devices to Propel Demand for Cellar IoT Solutions
10.4.5 Rest of APAC
Table 124 Cellular IoT Market in Apac, by Country, 2021-2027 (USD Million)
10.5 Row
Figure 38 RoW: Snapshot of Cellular IoT Market
10.5.1 South America
10.5.1.1 Growing 4G and 5G Connectivity to Boost Demand for Cellular Solutions
10.5.2 Middle East & Africa
10.5.2.1 Rapid Deployment of Smart City Grids to Fuel Growth of Market
Table 126 Cellular IoT Market in Row, by Region, 2021-2027 (USD Million)
10.6 Impact of COVID-19 on Regions
11 Competitive Landscape
11.1 Key Player Strategies/Right to Win
11.2 Overview
11.3 Top 5 Company Analysis
Figure 39 Market Share for Cellular IoT Module Shipments of Top 5 Companies, in Terms of Volume (2018)
Figure 40 Market Share for Cellular IoT Module Shipments of Top 5 Companies, in Terms of Volume (2019)
Figure 41 Market Share for Cellular IoT Module Shipments of Top 5 Companies, in Terms of Volume (2020)
11.4 Market Share Analysis (2020)
Table 127 Cellular IoT Market: Market Share Analysis
11.5 Company Evaluation Quadrant, 2020
11.5.1 Star
11.5.2 Pervasive
11.5.3 Emerging Leader
11.5.4 Participant
Figure 42 Cellular IoT Market (Global) Company Evaluation Quadrant, 2020
11.6 Small and Medium Enterprise (SME) Evaluation Quadrant, 2020
11.6.1 Progressive Company
11.6.2 Responsive Company
11.6.3 Dynamic Company
11.6.4 Starting Block
Figure 43 Cellular IoT Market (Global), SME Evaluation Quadrant, 2020
Table 128 Cellular IoT Market: Company Footprint
Table 129 Company Vertical Footprint
Table 130 Company Region Footprint
11.7 Competitive Scenario
Table 131 Cellular IoT Market: Product Launches and Developments, March 2020-April 2021
Table 132 Cellular IoT Market: Deals, March 2020-March 2021
12 Company Profiles
(Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 Key Players
12.1.1 Quectel
Table 133 Quectel: Business Overview
Figure 44 Quectel: Company Snapshot
12.1.2 Thales Group
Table 134 Thales Group: Business Overview
Figure 45 Thales Group: Company Snapshot
12.1.3 Fibocom Wireless
Table 135 Fibocom Wireless: Business Overview
Figure 46 Fibocom Wireless: Company Snapshot
12.1.4 Telit Communications
Table 136 Telit Communications: Business Overview
Figure 47 Telit Communications: Company Snapshot
12.1.5 U-Blox Holding
Table 137 U-Blox Holding: Business Overview
Figure 48 U-Blox: Company Snapshot
12.1.6 Sierra Wireless
Table 138 Sierra Wireless: Business Overview
Figure 49 Sierra Wireless: Company Snapshot
12.1.7 Qualcomm
Table 139 Qualcomm: Business Overview
Figure 50 Qualcomm: Company Snapshot
12.1.8 Mediatek
Table 140 Mediatek: Business Overview
Figure 51 Mediatek: Company Snapshot
12.1.9 Unisoc Technologies
Table 141 Unisoc Technologies: Business Overview
12.1.10 Altair Semiconductor
Table 142 Altair Semiconductor: Business Overview
12.1.11 Intel
Table 143 Intel: Business Overview
Figure 52 Intel: Company Snapshot
12.1.12 Nordic Semiconductor
Table 144 Nordic Semiconductor: Business Overview
Figure 53 Nordic Semiconductor: Company Snapshot
12.1.13 Murata Manufacturing
Table 145 Murata Manufacturing: Business Overview
Figure 54 Murata Manufacturing: Company Snapshot
12.1.14 Sequans Communication
Table 146 Sequans Communication: Business Overview
Figure 55 Sequans Communication: Company Snapshot
12.1.15 Analog Devices
Table 147 Analog Devices: Business Overview
Figure 56 Analog Devices: Company Snapshot
12.1.16 Qorvo
Table 148 Qorvo: Business Overview
Figure 57 Qorvo: Company Snapshot
12.1.17 At&T
Table 149 At&T: Business Overview
Figure 58 At&T: Company Snapshot
12.1.18 Gosuncnwelink Corporation
Table 150 Gosuncnwelink Corporation: Business Overview
12.2 Other Key Players
12.2.1 Hisilicon Technologies
12.2.2 Meig Smart Technology
12.2.3 Neoway Technology
12.2.4 Sercomm Corporation
12.2.5 Skyworks
12.2.6 Xiamen Cheerzing IoT Technology
12.2.7 Commsolid (Goodix Technology)
*Details on Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
Companies Mentioned
- Altair Semiconductor
- Analog Devices
- At&T
- Commsolid (Goodix Technology)
- Fibocom Wireless
- Gosuncnwelink Corporation
- Hisilicon Technologies
- Intel
- Mediatek
- Meig Smart Technology
- Murata Manufacturing
- Neoway Technology
- Nordic Semiconductor
- Qorvo
- Qualcomm
- Quectel
- Sequans Communication
- Sercomm Corporation
- Sierra Wireless
- Skyworks
- Telit Communications
- Thales Group
- U-Blox Holding
- Unisoc Technologies
- Xiamen Cheerzing IoT Technology
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 226 |
| Published | August 2021 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 3.9 Billion |
| Forecasted Market Value ( USD | $ 15.4 Billion |
| Compound Annual Growth Rate | 25.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
