Cellular IoT refers to the technology that uses cellular networks to connect physical devices to the internet. It relies on 2G, 3G, 4G, 5G, and LPWAN technologies, such as LTE-M and NB-IoT, for the transmission and reception of data. The standards for cellular network technology are maintained by the 3rd Generation Partnership Project (3GPP), which is responsible for developing the protocols for each next-generation cellular network. As such the key business drivers for penetration of these cellular IoT technologies include 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. The cellular IoT market is projected to grow from USD 3.9 billion in 2021 to USD 15.4 billion by 2027.
To know about the assumptions considered for the study download the pdf brochure
Quectel (China), Thales Group (France), Fibocom Wireless (China), Telit Communications (UK), and u-blox Holding (Switzerland) are the key players in the cellular IoT market.
Quectel is one of the leading players in the manufacturing of cellular IoT modules. The company is among the top 5 players in the market. Quectel offers cellular and GNSS modules for a broad range of cellular technologies, such as 5G, LTE/LTE-A, NB-IoT/LTE-M, Universal Mobile Telecommunications System (UMTS)/High-Speed Packet Access (HSPA
Thales Group (France)
Thales Group covers the entire IoT stack, starting from connectivity and security to management and analysis. The company’s connectivity stack comprises modules, terminals and gateways, modem cards, system on modules, development kits, and industrial SIM cards. Its security portfolio includes an IoT security platform with trusted key management solutions. Thales offers a Cinterion IoT suite that manages IoT devices and comprises connectivity management. Its product portfolio supports all cellular technologies, including LTE, NB-IoT, LTE Cat.M, and 5G.
Cellular IoT Market 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 Forecast to 2027
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE