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:
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
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.
Market Segmentation:
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
