We are monitoring the impact of COVID-19 & Recession alarm on Cellular IoT Market Get in touch with us for detailed analysis Know More

✖

Know More

✖

  1. Home
  2. >
  3. Information Technology
  4. >
  5. Cellular IoT Market
Share on

Global Cellular IoT Market Segmentation By Component (Hardware and Software), Cellular Technology (3G, 4G, LTE-M, NB-IoT, 5G, and others), End-Use (Agriculture, Healthcare, Retail, Energy, Automotive and Transportation, Infrastructure, etc.) and Region – Analysis and Forecast 2022 to 2027

Published: January, 2022
ID: 10196
Pages: 150

Global Cellular IoT Market Size (2021 – 2026)

The global cellular IoT market is foreseen to progress from $3.36 billion in 2015 to $7.31 billion in 2025, with a CAGR of 23.34% during the outlook period.

Cellular IoT is defined as a way to connect physical devices to the internet around the world. These advanced technologies used for connectivity include 3G, 4G, 5G and LPWA (Low Power Wide Area) cellular technologies such as NB-IoT and LTE-M. It provides various advantages like global coverage, reliability and affordable hardware that are crucial for cellular IoT connections.

As with the entire IoT landscape, connectivity plays an important role, which is why mobile operators are in an excellent position to have a share of the greatest added value in the IoT market. The size of this slice of the pie depends on the different roles the operator plays in the IoT ecosystem. The different monetization models that the operator can look for are network providers, end-to-end solution providers, system integrators, etc.

Due to machine-to-machine communication and machine-to-person communication, a large amount of data will be generated. To support the operation in the IoT network, proper data storage, interpretation and transfer at minimal cost in reality. Cellular technologies such as GSM, WCDMA, LTE and the future 5G have evolved with new features and a new narrowband IoT radio access technology designed from an attractive solution for Emerging Low Power Extended Applications (LPWA).

Recent Developments:

  • March 2020: Sequans Communications and NXP Semiconductors have collaborated to integrate LTE for the Internet of Things (IoT) into NXP's microcontroller (MCU) ecosystem. The hub of the partnership will be the combination of NXP's LPC5500 microcontroller series with Sequans' Monarch GM01Q and NB01Q modules, providing a development platform that includes LTE-M and NB-IoT connectivity for IoT devices.
  • November 2019: Telit presented new modules ideal for the transition to 4G NB-IoT. The new modules are created for users wishing to switch from 2G to 4G NB-IoT. Telit claims that the new modules offer more efficient power consumption and improved coverage for connectivity.

Impact of Covid-19 on Cellular IoT Market:

The coronavirus (Covid-19) pandemic and its impacts will likely slow down investments and deployments in cellular IoT, as well as prolong the growth timelines of the cellular IoT market in many industries; However, there may be opportunities for cellular IoT to shine, such as with major disruption to global health and supply chains, governments, hospitals, insurers and logistics service providers must react quickly and rethink how a more connected world could help better cope with the current crisis and avoid or mitigate future crises.

Market Growth and Trends:

Increased Cellular IoT Demand for C-V2X in Automotive Industry to Drive Market

  • Cellular Vehicle-to-Everything (C-V2X) in the automotive industry is growing due to the increasing demand for safe and reliable road transport, the growing adoption of autonomous vehicles and the rising demand for automotive telematics as a part of logistics and transport companies.
  • The growing demand to enable highly reliable real-time communications at high speeds and in high-density traffic. Taking advantage of the comprehensive coverage of secure and well-established LTE networks are some of the factors driving the demand for cellular IoT for C-V2X.
  • Advances in 5G technology would allow 5G-V2X applications to provide better cybersecurity performance and process a large number of messages in congested traffic environments. Another factor that would boost the cellular IoT segment is the cost associated with hardware components.
  • In January 2019, Audi, Ducati and Ford introduced the C-V2X technologies. Such developments would accelerate the commercial deployment of cellular IoT on C-V2X technology.

Market Drivers and Restraints:

Increasing digitization and automation in industries across various verticals such as manufacturing, automotive, energy, and utilities are the major drivers expected to drive the growth of the global cellular IoT market. In addition, the growing demand for extended network coverage, the growing trend for business expansion beyond mobile broadband and the need to accommodate large numbers of connected devices among businesses around the world are some of the other important factors that are expected to boost the growth of cellular IoT market.

The growing implementation of advanced cellular IoT technologies and the growing demand for connected devices are some of the major growth drivers of the global cellular IoT market. However, the high cost of IoT infrastructure and issues related to legal regulation and rights are identified as the major constraints affecting the growth of the cellular IoT market globally, especially in some developing economies.

GLOBAL CELLULAR IOT MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

23.34%

Segments Covered

By Component, Cellular Technology, End Uses, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Qualcomm Inc. (United States), Gemalto NV (Netherlands), Sierra Wireless (Canada), U-Blox Holding AG (Switzerland), MediaTek Inc. (Taiwan), Telit Communications PLC (UK), ZTE Corporation (China), Mistbase (Sweden), Sequans Communications (France) and CommSolid GmbH (Germany) and Others.

 

Global Cellular IoT Market Segmentation:

Global Cellular IoT Market By Components:

the global cellular IoT market is bifurcated into hardware and software. The software segment is likely to occupy the prominent position in the international market and increase at a CAGR of 27.6% over the envisioned timeframe. The hardware segment is expected to post a CAGR of 26.5% during the conjecture period.

Global Cellular IoT Market By Cellular Technology:

the cellular IoT market is divided into 3G, 4G, LTE-M, NB-IoT, 5G, and others. The cellular IoT market revenue contribution of the NB-IoT segment is expected to increase at a CAGR of 35.3% in the coming years. The LTE-M segment is also expected to post a CAGR of 31.0% in the estimated period.

Global Cellular IoT Market By End-Uses:

the global cellular IoT market is separated as agriculture, healthcare, retail, energy, automotive and transportation, infrastructure, etc. The contribution to revenue in the energy segment cellular IoT market is expected to increase at a CAGR of 28.1% over the conjecture period.

Regional Analysis:

North America is expected to become the largest market in the global cellular IoT market. Most of the IoT providers, such as Qualcomm and Texas Instruments, are based in the North America region itself and are also investing in the local market IoT ecosystem area. For example, the BMW Group, Intel and Mobileye have partnered for autonomous driving.

Key market players:

This report provides valuable information on the ecosystem of this market, including chipset and device manufacturers. The main players in the global cellular IoT market are Qualcomm Inc. (United States), Gemalto NV (Netherlands), Sierra Wireless (Canada), U-Blox Holding AG (Switzerland), MediaTek Inc. (Taiwan), Telit Communications PLC (UK), ZTE Corporation (China), Mistbase (Sweden), Sequans Communications (France) and CommSolid GmbH (Germany).

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Cellular IoT Market, By Component                 

                                6.1.1 Hardware

                                6.1.2 Software  

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Cellular IoT Market, By Cellular Technology                  

                                6.2.1 3G               

                                6.2.2 4G               

                                6.2.3 LTE-M        

                                6.2.4 NB-IoT      

                                6.2.5 5G               

                                6.2.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

                6.3 Cellular IoT Market, By End-Use                        

                                6.3.1 Agriculture              

                                6.3.2 Retail         

                                6.3.3 Healthcare              

                                6.3.4 Energy      

                                6.3.5 Automotive and Transportation    

                                6.3.6 Infrastructure        

                                6.3.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.8 Y-o-Y Growth Rate Analysis             

                                6.3.9 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Cellular Technology       

                                7.2.4 By End-Use             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Cellular Technology       

                                7.3.4 By End-Use             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Cellular Technology       

                                7.4.4 By End-Use             

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Cellular Technology       

                                7.5.4 By End-Use             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Cellular Technology       

                                7.6.4 By End-Use             

8. Key Player Analysis                                    

                8.1 Qualcomm Inc                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Gemalto NV                               

                8.3 Sierra Wireless                          

                8.4 U-Blox Holding AG                   

                8.5 MediaTek Inc                             

                8.6 Telit Communications PLC                    

                8.7 ZTE Corporation                        

                8.8 Mistbase                     

                8.9 Sequans Communications                    

                8.10 CommSolid GmbH                 

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Cellular IoT Market By Region, From 2020-2025 ( USD Billion )
  2. Global Cellular IoT Market By Component, From 2020-2025 ( USD Billion )
  3. Global Hardware Market By Region, From 2020-2025 ( USD Billion )
  4. Global Software Market By Region, From 2020-2025 ( USD Billion )
  5. Global Cellular IoT Market By Cellular Technology, From 2020-2025 ( USD Billion )
  6. Global 3G Market By Region, From 2020-2025 ( USD Billion )
  7. Global 4G Market By Region, From 2020-2025 ( USD Billion )
  8. Global LTE-M Market By Region, From 2020-2025 ( USD Billion )
  9. Global NB-IoT Market By Region, From 2020-2025 ( USD Billion )
  10. Global 5G Market By Region, From 2020-2025 ( USD Billion )
  11. Global Cellular IoT Market By End-Use, From 2020-2025 ( USD Billion )
  12. Global Agriculture Market By Region, From 2020-2025 ( USD Billion )
  13. Global Retail Market By Region, From 2020-2025 ( USD Billion )
  14. Global Healthcare Market By Region, From 2020-2025 ( USD Billion )
  15. Global Energy Market By Region, From 2020-2025 ( USD Billion )
  16. Global Automotive and Transportation Market By Region, From 2020-2025 ( USD Billion )
  17. Global Infrastructure Market By Region, From 2020-2025 ( USD Billion )
↻

Please wait. . . . Your request is being processed

PURCHASE OPTIONS
pdf
$

4255

pdf excel
$

5060

pdf excel powerbi
$

7360

excel
$

2500

What You Get :

  • ✔ PDF Report Format.
  • ✔ Can be accessible by 1 single user.
  • ✔ 6 Months of Free Analyst Support.
  • ✔ PDF and Excel Datasheet Formats.
  • ✔ Can be accessible upto 2 to 5 users.
  • ✔ 1 Year of Free Analyst Support.
  • ✔ PDF, Excel and Power BI Dashboard.
  • ✔ Can be accessible by unlimited users.
  • ✔ 1 Year of Free Analyst Support.
  • ✔ Excel Datasheet Format.
  • ✔ Customized access as per user request.
  • ✔ Upgradable to other licenses.
customer-support
ASK FOR CUSTOMIZATION

Talk to our analyst and get customised report done according to your research needs

tag
INQUIRE FOR DISCOUNT

Check if you can avail any discount. Submit your details and our team will get back to you.

cloud-download
DOWNLOAD FREE SAMPLE

Request to avail a free sample report that reflects this market and its growth.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 4255

Didn’t find what you’re looking for?
TALK TO OUR TEAM

Find it too expensive?
NO WORRIES!

Research Areas

Reports By Region
Reports By Industry
Click for Request Sample