Cellular IoT Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter’s 5 Force’s Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period.
Cellular IoT Market by Material Type (Liquid-Crystal Polymer (LCP), Polyether Ether Ketone (PEEK), Polycarbonate (PC), Polyethylene (PE), Polyoxymethylene (POM)), Application, and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The global Cellular IoT Market size is projected to reach a CAGR of 25.9% from 2022-2028.
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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.
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.
Key Players
· Sierra Wireless
· Qualcomm Technologies, Inc.
· Sequans Communications S.A.
· ZTE Corporation
· Gemalto NV
· u-blox
· Telit Communications PLC
· Ericsson AB
· ARM Limited
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.
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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 is segmented into component, technology, application, vertical and region.
On the basis of Component
· Hardware
· Software
· Services
On the basis of Technology
· 2G
· LTE-M
· NB-LTE-M
· NB-IoT
· 5G
On the basis of Application
· Alarms & Detectors
· Smart Appliances
· Smart Metering
· Smart Parking
On the basis of Vertical
· Agriculture
· Automotive & Transportation
· Building Automation
· Retail
· Smart Cities
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Cellular IoT Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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