Cellular IoT Modules Market was valued at USD 3.30 Billion in 2022 and is projected to reach USD 10.57 Billion by 2030, growing at a CAGR of 15.7% from 2024 to 2030.
The Cellular IoT Modules market was valued at approximately USD 7.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 22.5% from 2023 to 2028. The growth is primarily driven by the increasing adoption of IoT devices across various industries, including automotive, healthcare, and industrial automation. The market's expansion is supported by advancements in cellular communication technologies such as 4G LTE and the upcoming 5G networks, which offer enhanced connectivity and data transfer capabilities. Additionally, the rising demand for smart city infrastructure and remote monitoring solutions contributes to the market's growth.Emerging markets present significant opportunities for Cellular IoT Modules. Regions such as Asia-Pacific and Latin America are expected to experience substantial growth due to rapid urbanization, increasing smartphone penetration, and government initiatives to promote digital transformation. The proliferation of smart devices and the need for efficient, real-time data communication are driving investments in cellular IoT technology. Furthermore, innovations in low-power wide-area (LPWA) networks, such as NB-IoT and LTE-M, are creating new avenues for growth by enabling more cost-effective and energy-efficient solutions for IoT applications. These factors collectively contribute to the promising outlook for the Cellular IoT Modules market.
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Murata
u-blox AG
Digi
Fibocom
Gemalto
GosuncnWelink
Multi-Tech Systems Inc
Neowa
Nordic Semiconductor
Pycom
Quectel
Sequans Communications
Sercomm
Shanghai Yuge Information Technology
Sierra Wireless
SIMCom
Telit Communications
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 Global Cellular IoT Modules Market
Smart Home Appliances
Automobile
Industrial Control
Consumer Electronics
Other
Based on Types the Market is categorized into Below types that held the largest Cellular IoT Modules market share In 2023.
Cat M1
Cat NB1
GPRS
Cat NB2
Global (United States, Global 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 Global Cellular 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. Global Cellular IoT Modules Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cellular IoT Modules Market, By Type
6. Global Cellular IoT Modules Market, By Application
7. Global Cellular IoT Modules Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cellular IoT Modules Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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