Press release
Cellular IoT Market to Notice Prominent CAGR Growth of 25.9% by 2028, Size, Share, Trends, Demand, Industry Growth and Competitive Outlook
"Cellular IoT"
The prominent players in Cellular IoT Market are Sierra Wireless, Qualcomm Technologies, Inc., Sequans Communications S.A., ZTE Corporation, Gemalto NV, u-blox, Telit Communications PLC, Ericsson AB, ARM Limited
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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.
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 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.
The outbreak of the COVID-19 pandemic has significantly impacted the cellular IoT market. Various regions are still affected, and governments have been responding to this pandemic in their ways.
Cellular IoT Market: Table of Contents
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
3G
4G
LTE-M
NB-LTE-M
NB-IoT
5G
On the basis of Application
Alarms & Detectors
Smart Appliances
Smart Metering
Smart Parking
Smart Street Light
Surveillance & Monitoring
Trackers
Wearable Devices
Others (Connected Healthcare devices and environmental monitoring devices)
On the basis of Vertical
Agriculture
Automotive & Transportation
Building Automation
Consumer Electronics
Energy & Utilities
Healthcare
Industrial/ Manufacturing
Retail
Smart Cities
Others
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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