Cellular IoT Market Size, Share & Industry Growth Analysis Report by Component (Hardware, Software, and Services), Technology (2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IoT, and 5G), Application, Vertical and Geography(North America, Europe, APAC, South America & MEA) - Global Growth Driver and Industry Forecast to 2036
Cellular IoT Market Summary
The global Cellular IoT Market is experiencing robust expansion, driven by the rapid proliferation of connected devices and advancements in digital infrastructure. In 2025, the market size is estimated to be valued at approximately USD 14–16 billion and is projected to reach around USD 48–55 billion by 2036, growing at a compound annual growth rate (CAGR) of 11%–14% during the forecast period. The increasing adoption of artificial intelligence (AI), Internet of Things (IoT) ecosystems, and industrial automation is significantly accelerating market growth. Enterprises across sectors are leveraging cellular connectivity to enable real-time data exchange, predictive analytics, and remote monitoring, thereby enhancing operational efficiency and reducing downtime.
Key Market Trends & Insights
The Cellular IoT Market is evolving rapidly with several transformative trends shaping its trajectory. North America currently leads the market due to its advanced telecom infrastructure and high adoption of smart technologies. However, Asia Pacific is emerging as the fastest-growing region, fueled by large-scale industrialization and government-led digital initiatives. The hardware segment, particularly cellular modules and chipsets, dominates due to widespread deployment across industries.
AI and automation are playing a critical role in optimizing network efficiency and enabling intelligent device management. Additionally, the rise of 5G connectivity is unlocking new use cases such as autonomous vehicles and smart cities. Edge computing integration is also gaining traction, allowing faster data processing and reduced latency in IoT applications.
Market Size & Forecast
- Base year market size (2025): USD 14–16 billion
- Forecast value by 2036: USD 48–55 billion
- CAGR (2025–2036): 11%–14%
Growth is driven by increasing IoT device penetration, expansion of 5G networks, and rising demand for real-time analytics and automation across industries
Cellular IoT Market Market Top 10 key takeaway
- Rapid growth driven by IoT adoption across industries
- 5G technology acting as a major catalyst for innovation
- Asia Pacific emerging as the fastest-growing regional market
- Strong demand from smart city and industrial automation projects
- AI integration enhancing predictive maintenance capabilities
- Increasing deployment in automotive and transportation sectors
- Edge computing improving real-time data processing efficiency
- Rising investments in telecom infrastructure globally
- Growth in low-power wide-area (LPWA) technologies
- Expanding use cases in healthcare and agriculture
Product Insights
The cellular modules segment holds the largest share in the Cellular IoT Market, primarily due to their essential role in enabling connectivity between devices and cellular networks. These modules are widely used in applications such as smart meters, fleet management systems, and industrial equipment. Their dominance is attributed to affordability, scalability, and compatibility with evolving network standards including 4G LTE and 5G.
Emerging product categories such as integrated IoT chipsets and eSIM-enabled devices are gaining traction, offering enhanced flexibility and remote provisioning capabilities. AI-powered modules are also entering the market, enabling intelligent data processing at the device level. This reduces dependency on centralized systems and enhances efficiency in mission-critical applications.
Technology / Component Insights
The Cellular IoT Market is driven by several key technologies including 4G LTE, 5G, NB-IoT (Narrowband IoT), and LTE-M. Among these, NB-IoT and LTE-M are particularly significant for low-power, wide-area applications such as smart utilities and asset tracking. The transition toward 5G is expected to revolutionize the market by enabling ultra-low latency, high bandwidth, and massive device connectivity.
Artificial intelligence is increasingly integrated into IoT platforms to enable predictive analytics, anomaly detection, and automated decision-making. Cloud computing plays a crucial role in storing and analyzing vast amounts of data generated by IoT devices. Meanwhile, automation technologies are streamlining network management and reducing operational complexities.
Future innovation trends include the development of AI-driven network orchestration, enhanced cybersecurity frameworks, and integration with blockchain for secure data exchange. These advancements are expected to further strengthen the market ecosystem.
Application Insights
The automotive and transportation sector is the leading application segment in the Cellular IoT Market. The adoption of connected vehicles, fleet management systems, and telematics solutions is driving significant demand for cellular connectivity. Real-time tracking, predictive maintenance, and enhanced safety features are key factors contributing to this dominance.
Other major application areas include smart cities, healthcare, manufacturing, and agriculture. In smart cities, cellular IoT enables efficient traffic management, energy optimization, and public safety systems. In healthcare, it supports remote patient monitoring and connected medical devices.
Future opportunities lie in industrial IoT (IIoT), where cellular connectivity enables automation, predictive maintenance, and real-time monitoring of industrial processes. The integration of AI further enhances these applications by enabling intelligent decision-making.
Regional Insights
North America dominates the Cellular IoT Market due to its advanced telecommunications infrastructure, early adoption of 5G, and strong presence of key market players. Europe follows closely, driven by stringent regulations supporting IoT deployment and increasing investments in smart infrastructure.
Asia Pacific is the fastest-growing region, supported by rapid industrialization, expanding urbanization, and government initiatives promoting digital transformation. Countries such as China and Japan are leading the adoption of IoT technologies in manufacturing and smart city projects.
- North America leads due to advanced infrastructure and high IoT adoption
- Europe benefits from regulatory support and smart city initiatives
- Asia Pacific shows fastest growth driven by industrial expansion
- Increasing telecom investments across developing economies
- Rising demand for connected devices globally
Country-Specific Market Trends
In Asia Pacific, China and Japan are witnessing strong growth with a CAGR of 13%–16%, driven by large-scale manufacturing and government-backed IoT initiatives. China’s focus on smart cities and industrial automation is significantly boosting demand, while Japan emphasizes robotics and advanced connectivity.
In North America, the United States leads the market with a CAGR of 10%–12%, supported by technological innovation and early adoption of 5G. Canada and Mexico are also experiencing steady growth due to increasing digital transformation efforts.
In Europe, Germany and France are key contributors, with a CAGR of 9%–11%. Germany’s strong industrial base and focus on Industry 4.0 are driving adoption, while France is investing heavily in smart infrastructure and IoT-enabled public services.
- China and Japan driving APAC growth with strong government support
- United States leading innovation and 5G deployment
- Canada and Mexico showing steady digital adoption
- Germany focusing on Industry 4.0 transformation
- France investing in smart city infrastructure
Key Cellular IoT Market Company Insights
The Cellular IoT Market is highly competitive, with major players focusing on innovation, strategic partnerships, and AI integration to strengthen their market position. Companies are investing heavily in R&D to develop advanced connectivity solutions and expand their product portfolios.
Leading players are increasingly adopting AI-driven analytics to enhance device performance and network efficiency. They are also focusing on developing low-power solutions and expanding their presence in emerging markets. Strategic collaborations with telecom operators and technology providers are further driving market growth.
Key companies operating in the market include Qualcomm Technologies, Huawei Technologies, Ericsson, Nokia, Sierra Wireless, MediaTek, Samsung Electronics, and Intel Corporation.
- Companies focusing on AI-driven innovation
- Strong emphasis on 5G and LPWA technologies
- Strategic partnerships with telecom providers
- Expansion into emerging markets
- Investment in R&D for advanced IoT solutions
Recent Developments
Recent developments in the Cellular IoT Market highlight the increasing focus on innovation and collaboration. Several companies have launched advanced 5G-enabled IoT modules designed for high-speed connectivity and low latency applications. Additionally, partnerships between telecom operators and IoT solution providers are accelerating the deployment of smart city projects.
AI integration into IoT platforms has also gained momentum, enabling predictive analytics and automated decision-making. Furthermore, the introduction of energy-efficient IoT devices is addressing sustainability concerns and reducing operational costs.
Market Segmentation
The Cellular IoT Market is segmented based on product, technology/component, application, and region. By product, the market includes cellular modules, chipsets, and gateways, with modules holding the largest share. By technology, it is segmented into 4G LTE, 5G, NB-IoT, and LTE-M, with 5G expected to witness the highest growth.
In terms of application, the market covers automotive, healthcare, manufacturing, smart cities, agriculture, and others. Regionally, it is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
- By Product: Modules, chipsets, gateways
- By Technology: 4G LTE, 5G, NB-IoT, LTE-M
- By Application: Automotive, healthcare, manufacturing, smart cities
- By Region: North America, Europe, Asia Pacific, others
- 5G and automotive segments expected to dominate growth
Conclusion
The Cellular IoT Market is poised for significant growth through 2036, driven by advancements in AI, 5G connectivity, and automation technologies. As industries increasingly adopt connected solutions, the demand for reliable and scalable cellular IoT infrastructure will continue to rise. The integration of AI will further enhance the capabilities of IoT systems, enabling smarter decision-making and improved operational efficiency.
Businesses that invest in innovative IoT solutions and strategic partnerships will be well-positioned to capitalize on emerging opportunities. The market’s strong growth potential underscores its strategic importance in the global digital transformation landscape.
FAQs
What is the current market size of the Cellular IoT Market?
The market size is estimated at USD 14–16 billion in 2025.
What is the expected growth rate?
The market is projected to grow at a CAGR of 11%–14% from 2025 to 2036.
What are the key growth drivers?
Key drivers include AI integration, IoT adoption, 5G expansion, and automation.
Which region leads the market?
North America currently leads the Cellular IoT Market.
Who are the major players in the market?
Major companies include Qualcomm, Huawei, Ericsson, Nokia, and Intel.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
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 (Page No. - 35)
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 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 (Page No. - 46)
3.1 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
TABLE 2 CELLULAR IOT MARKET, BY COMPONENT, 2018–2020 (USD BILLION)
TABLE 3 MARKET, BY COMPONENT, 2021–2027 (USD BILLION)
FIGURE 7 IMPACT OF COVID-19 ON MARKET
3.2 POST-COVID-19 SCENARIO
TABLE 4 POST-COVID-19 SCENARIO: CELLULAR IOT, 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, 2021–2027 (USD BILLION)
FIGURE 8 HARDWARE SEGMENT TO LEAD MARKET FROM 2021 TO 2027
FIGURE 9 NORTH AMERICA TO HOLD LARGEST SHARE OF MARKET IN 2021
4 PREMIUM INSIGHTS (Page No. - 52)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MARKET
FIGURE 10 INCREASING DEPLOYMENT OF CELLULAR IOT MODULES IN SMART CITIES AND BUILDING AUTOMATION VERTICALS TO FUEL GROWTH OF 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 MARKET FROM 2021 TO 2027
4.3 MARKET, BY TECHNOLOGY AND REGION
FIGURE 12 4G MODULE SEGMENT AND NORTH AMERICA TO HOLD LARGEST SHARES OF MARKET IN 2021
4.4 CELLULAR IOT MARKET, BY COUNTRY
FIGURE 13 MARKET IN INDIA TO REGISTER HIGHEST CAGR FROM 2021 TO 2027
5 MARKET OVERVIEW (Page No. - 54)
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 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 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 MARKET: PORTER’S FIVE FORCES ANALYSIS
5.5 ECOSYSTEM ANALYSIS
TABLE 8 ECOSYSTEM: CELLULAR IOT
5.6 REVENUE SHIFT AND NEW REVENUE POCKETS FOR 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 (Page No. - 75)
6.1 INTRODUCTION
FIGURE 21 MARKET, BY COMPONENT
FIGURE 22 SOFTWARE SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 11 MARKET, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 12 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 MARKET FOR HARDWARE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 14 MARKET FOR HARDWARE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 15 MARKET FOR HARDWARE, BY VERTICAL, 2018–2020 (USD MILLION)
TABLE 16 MARKET FOR HARDWARE, BY VERTICAL, 2021–2027 (USD MILLION)
TABLE 17 MARKET FOR HARDWARE, BY REGION, 2018–2020 (USD MILLION)
TABLE 18 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 MARKET FOR SOFTWARE, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 21 MARKET FOR SOFTWARE, BY VERTICAL, 2018–2020 (USD MILLION)
TABLE 22 MARKET FOR SOFTWARE, BY VERTICAL, 2021–2027 (USD MILLION)
TABLE 23 MARKET FOR SOFTWARE, BY REGION, 2018–2020 (USD MILLION)
TABLE 24 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 MARKET FOR SERVICES, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 26 MARKET FOR SERVICES, BY APPLICATION, 2021–2027 (USD MILLION)
TABLE 27 MARKET FOR SERVICES, BY VERTICAL 2018–2020 (USD MILLION)
TABLE 28 MARKET FOR SERVICES, BY VERTICAL, 2021–2027 (USD MILLION)
TABLE 29 MARKET FOR SERVICES, BY REGION, 2018–2020 (USD MILLION)
TABLE 30 MARKET FOR SERVICES, BY REGION, 2021–2027 (USD MILLION)
7 CELLULAR IOT MARKET, BY TECHNOLOGY (Page No. - 88)
7.1 INTRODUCTION
FIGURE 23 EVOLUTION OF CELLULAR IOT TECHNOLOGY
FIGURE 24 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 (Page No. - 98)
8.1 INTRODUCTION
FIGURE 26 MARKET, BY APPLICATION
FIGURE 27 WEARABLE DEVICES SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 37 MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 38 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 MARKET FOR ALARMS & DETECTORS, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 41 MARKET FOR ALARMS & DETECTORS, BY REGION, 2018–2020 (USD MILLION)
TABLE 42 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 MARKET FOR SMART APPLIANCES, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 44 MARKET FOR SMART APPLIANCES, BY COMPONENT 2021–2027 (USD MILLION)
TABLE 45 MARKET FOR SMART APPLIANCES, BY REGION 2018–2020 (USD MILLION)
TABLE 46 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 MARKET FOR SMART METERING, BY COMPONENT 2021–2027 (USD MILLION)
TABLE 49 MARKET FOR SMART METERING, BY REGION 2018–2020 (USD MILLION)
TABLE 50 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 MARKET FOR SMART PARKING, BY COMPONENT 2018–2020 (USD MILLION)
TABLE 52 MARKET FOR SMART PARKING, BY COMPONENT 2021–2027 (USD MILLION)
TABLE 53 MARKET FOR SMART PARKING, BY REGION 2018–2020 (USD MILLION)
TABLE 54 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 MARKET FOR SMART STREET LIGHTS, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 57 MARKET FOR SMART STREET LIGHTS, BY REGION, 2018–2020 (USD MILLION)
TABLE 58 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 MARKET FOR SURVEILLANCE & MONITORING, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 60 MARKET FOR SURVEILLANCE & MONITORING, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 61 MARKET FOR SURVEILLANCE & MONITORING, BY REGION, 2018–2020 (USD MILLION)
TABLE 62 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 MARKET FOR TRACKERS, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 65 MARKET FOR TRACKERS, BY REGION, 2018–2020 (USD MILLION)
TABLE 66 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 MARKET FOR WEARABLE DEVICES, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 68 MARKET FOR WEARABLE DEVICES, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 69 MARKET FOR WEARABLE DEVICES, BY REGION, 2018–2020 (USD MILLION)
TABLE 70 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 MARKET FOR OTHER APPLICATIONS, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 72 MARKET FOR OTHERS, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 73 MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2020 (USD MILLION)
TABLE 74 MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2027 (USD MILLION)
9 CELLULAR IOT MARKET, BY VERTICAL (Page No. - 121)
9.1 INTRODUCTION
FIGURE 32 MARKET SEGMENTATION, BY VERTICAL
TABLE 75 MARKET, BY VERTICAL, 2018–2020 (USD MILLION)
TABLE 76 MARKET, BY VERTICAL, 2021–2027 (USD MILLION)
FIGURE 33 HEALTHCARE VERTICAL TO GROW AT HIGHEST RATE IN 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 MARKET FOR AGRICULTURE VERTICAL, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 78 MARKET FOR AGRICULTURE VERTICAL, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 79 MARKET FOR AGRICULTURE VERTICAL, BY REGION, 2018–2020 (USD MILLION)
TABLE 80 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 MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 82 MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 83 MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL, BY REGION, 2018–2020 (USD MILLION)
TABLE 84 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 MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 86 MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 87 MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2018–2020 (USD MILLION)
TABLE 88 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 MARKET FOR BUILDING AUTOMATION VERTICAL, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 91 MARKET FOR BUILDING AUTOMATION VERTICAL, BY REGION, 2018–2020 (USD MILLION)
TABLE 92 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 MARKET FOR ENERGY & UTILITY VERTICAL, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 94 MARKET FOR ENERGY & UTILITY VERTICAL, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 95 MARKET FOR ENERGY & UTILITY VERTICAL, BY REGION, 2018–2020 (USD MILLION)
TABLE 96 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 MARKET FOR HEALTHCARE VERTICAL, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 99 MARKET FOR HEALTHCARE VERTICAL, BY REGION, 2018–2020 (USD MILLION)
TABLE 100 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 MARKET FOR INDUSTRIAL/MANUFACTURING VERTICAL, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 102 MARKET FOR INDUSTRIAL/MANUFACTURING VERTICAL, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 103 MARKET FOR INDUSTRIAL/MANUFACTURING VERTICAL, BY REGION, 2018–2020 (USD MILLION)
TABLE 104 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 MARKET FOR RETAIL VERTICAL, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 106 MARKET FOR RETAIL VERTICAL, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 107 MARKET FOR RETAIL VERTICAL, BY REGION, 2018–2020 (USD MILLION)
TABLE 108 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 MARKET FOR SMART CITIES VERTICAL, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 110 MARKET FOR SMART CITIES VERTICAL, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 111 MARKET FOR SMART CITIES VERTICAL, BY REGION, 2018–2020 (USD MILLION)
TABLE 112 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 MARKET FOR OTHERS, BY COMPONENT, 2018–2020 (USD MILLION)
TABLE 114 MARKET FOR OTHERS, BY COMPONENT, 2021–2027 (USD MILLION)
TABLE 115 MARKET FOR OTHERS, BY REGION, 2018–2020 (USD MILLION)
TABLE 116 MARKET FOR OTHERS, BY REGION, 2021–2027 (USD MILLION)
10 GEOGRAPHIC ANALYSIS (Page No. - 142)
10.1 INTRODUCTION
FIGURE 34 CELLULAR IOT MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 118 MARKET, BY REGION, 2021–2027 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 35 NORTH AMERICA: SNAPSHOT OF 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 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
10.3 EUROPE
FIGURE 36 EUROPE: SNAPSHOT OF 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 MARKET IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 122 MARKET IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
10.4 APAC
FIGURE 37 APAC: SNAPSHOT OF 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 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 MARKET IN ROW, BY REGION, 2021–2027 (USD MILLION)
10.6 IMPACT OF COVID-19 ON REGIONS
11 COMPETITIVE LANDSCAPE (Page No. - 159)
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 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 MARKET: COMPANY FOOTPRINT
TABLE 129 COMPANY VERTICAL FOOTPRINT
TABLE 130 COMPANY REGION FOOTPRINT
11.7 COMPETITIVE SCENARIO
TABLE 131 MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, MARCH 2020−APRIL 2021
TABLE 132 MARKET: DEALS, MARCH 2020−MARCH 2021
12 COMPANY PROFILES (Page No. - 171)
(Business Overview, Products Offered, Recent Developments, and MnM 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 MnM 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 (Page No. - 226)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
The study involves four major activities for estimating the size of the cellular IoT market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Top-down and bottom-up approaches have been used to estimate and validate the size of the cellular IoT market and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market share in the key regions has been determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top players and extensive interviews with the industry experts such as chief executive officers, vice presidents, directors, and marketing executives for the key insights.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as the Global System for Mobile Communications Association (GSMA), Multidisciplinary Digital Publishing Institute (MDPI), The Mobile Association, Institute of Electrical and Electronics Engineers (IEEE), and IoT M2M Council have been used to identify and collect information for an extensive technical and commercial study of the cellular IoT market.
Primary Research
In the primary research process, primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. Key players in the cellular IoT market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as chief executive officers (CEOs), directors, and marketing personnel.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The Cellular IoT market consists of various technologies such as 2G, 3G, 4G, LTE-M, NB-LTE, NB-IoT, and 5G. Cellular IoT products and solutions have major applications such as alarms & detectors, smart appliances, smart metering, smart parking, smart streetlights, surveillance & monitoring, trackers, wearable devices, and others across key verticals such as agriculture, automotive & transportation, building automation, consumer electronics, energy & utility, healthcare, industrial/manufacturing, retail, and smart cities.
Top-down and bottom-up approaches have been used to estimate and validate the size of the cellular IoT market and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market share in the key regions has been determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top players and extensive interviews with the industry experts such as chief executive officers, vice presidents, directors, and marketing executives for the key insights.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market was split into several segments and subsegments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches
Study Objectives:
- To define and forecast the cellular IoT market based on component, technology, application, vertical, and region in terms of volume and value
- To describe and forecast the cellular IoT market based on four key regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their respective countries
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
- To study the complete value chain of the cellular IoT market
- To provide a detailed impact of the COVID-19 pandemic on the cellular IoT market, its segments, and the market players
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the cellular IoT ecosystem
- To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies2, and provide a detailed competitive landscape
- To analyze competitive developments, such as product launches and developments, acquisitions, collaborations, agreements, and partnerships, in the cellular IoT market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report.
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Cellular IoT Market