United States 2G IoT Modules Market was valued at USD 0.35 Billion in 2022 and is projected to reach USD 0.50 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The US 2G IoT Modules Market has seen a significant surge in recent years, driven by the growing demand for connectivity in various industries. With the increasing adoption of the Internet of Things (IoT) across sectors like agriculture, healthcare, and manufacturing, the need for reliable and efficient communication modules has never been greater. The 2G IoT modules, despite being an older technology, continue to offer cost-effective solutions for low-data applications, particularly in rural and underserved areas.
These modules are known for their ability to provide stable connectivity in environments where 3G or 4G networks might not be viable. The US market has a growing demand for these modules due to their compatibility with legacy systems and their ability to function in remote locations. As 5G networks become more prevalent, the importance of 2G IoT modules remains due to their role in connecting devices in areas where high-speed internet access is limited.
In 2025, the market for US 2G IoT modules is expected to continue expanding, driven by the increasing number of connected devices and the need for affordable communication solutions. Industries such as smart agriculture, environmental monitoring, and asset tracking are major contributors to this market growth. With the rise of autonomous machines and predictive maintenance systems, the role of 2G IoT modules in maintaining consistent communication will be crucial.
Despite being overshadowed by more advanced technologies, 2G IoT modules still play a key role in the overall ecosystem. These modules are designed to support low-bandwidth applications, which makes them ideal for specific use cases like remote sensors, wearable health devices, and vehicle tracking. As a result, businesses are leveraging the US 2G IoT Modules Market for its simplicity and cost-effectiveness, making it an attractive option for small to medium-scale IoT solutions.
With advancements in related fields, including the market for "100 Gigabit Fiber Optic Transceiver Market", 2G IoT modules continue to provide a solid foundation for IoT communications in areas where higher-speed networks may not be readily available.
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Sierra Wireless
Telit
Thales
U-blox
Sequans Communications SA
Cavli Wireless
Sony
Quectel Wireless Solutions
SIMCom Wireless Solutions
Fibocom Wirelessinc
LongSung Technology
Neoway Technology
MeiG Smart Technology
GosuncnWelink Technology
Huawei
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US 2G IoT Modules Market
Smart Metering
Asset Tracking
Smart Agriculture
Wearable Devices
Fleet Management
Home Automation
GSM
GPRS
EDGE
Hardware
Software
Services
2G Cellular
Short-Range Wireless Technologies
LPWAN (Low Power Wide Area Network)
Transportation and Logistics
Healthcare
Utilities
Retail
Manufacturing
Smart Cities
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US 2G IoT Modules Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US 2G IoT Modules Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US 2G IoT Modules Market, By Type
6. US 2G IoT Modules Market, By Application
7. US 2G IoT Modules Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US 2G IoT Modules Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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