North America Commercial IoT Wireless Module Market was valued at USD 1 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 12.56% from 2024 to 2030.
The commercial Internet of Things (IoT) wireless module market in North America has seen significant growth, with industries seeking smarter, more connected solutions. These modules, which enable devices to communicate over wireless networks, are in high demand due to the rapid digital transformation across various sectors. The integration of IoT technology has become essential in industries like manufacturing, healthcare, agriculture, and logistics, where real-time data is crucial for decision-making and efficiency.
For businesses aiming to optimize operations, IoT wireless modules offer a range of benefits. In manufacturing, these modules help automate processes, monitor equipment performance, and reduce downtime through predictive maintenance. Similarly, in healthcare, they allow for the remote monitoring of patient health, leading to better care management and reduced hospital visits. Agriculture also benefits from IoT wireless modules, as they help monitor soil moisture levels, track livestock, and optimize irrigation, contributing to more sustainable farming practices.
The demand for IoT wireless modules is driven by the need for faster, more reliable connectivity solutions. Technologies such as 5G and LPWAN (Low Power Wide Area Network) are playing a significant role in enhancing the performance and coverage of these modules. Businesses are increasingly looking for modules that support multiple connectivity options and are cost-effective for large-scale deployments. Security also remains a top priority, with industries requiring robust encryption and data protection measures to ensure the privacy and safety of their IoT systems.
North America's commercial IoT wireless module market is expected to continue growing as more industries adopt IoT technologies to improve efficiency, reduce costs, and enhance customer experiences. As IoT becomes increasingly pervasive, the demand for wireless modules will only rise, making it a key area for innovation and investment in the region. North America Commercial IoT Wireless Module Market.
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Sierra Wireless
Gemalto (Thales Group)
Quectel
Telit
Huawei
Sunsea Group
LG Innotek
U-blox
Fibocom wireless Inc
Neoway
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 North America Commercial IoT Wireless Module Market
Office Buildings
Supermarkets
Hotels
Healthcare Facilities
Entertainment Venues
Others
Based on Types the Market is categorized into Below types that held the largest Commercial IoT Wireless Module market share In 2023.
Communication Module
Positioning Module
North America (United States, North America 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 North America Commercial IoT Wireless Module 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. North America Commercial IoT Wireless Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Commercial IoT Wireless Module Market, By Type
6. North America Commercial IoT Wireless Module Market, By Application
7. North America Commercial IoT Wireless Module Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Commercial IoT Wireless Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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