Cellular IoT Market Growth 2022 to 2031, Global Industry Size, Recent Trends, Demand and Share Analysis with Top Key-Players: Commsolid GmbH, Gemalto NV, Mediatek Inc.

According to a new market research report published by Global Insight Services Cellular IoT Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Cellular IoT is a technology that enables the communication between devices and cellular networks. It allows devices to connect to the internet using cellular data networks, instead of using Wi-Fi or other wired connections. Cellular IoT can be used for a variety of applications, including connecting devices to the internet of things, monitoring and controlling devices remotely, and tracking location.

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Key Players

The key players operating in the global Cellular IoT market report are Commsolid GmbH, Gemalto NV, Mediatek Inc., Mistbase Communication System, Qualcomm Incorporated, Sequans Communication, Sierra Wireless, Telit Communications PLC, Texas Instruments, U–Blox Holding AG, and ZTE Corporation.

Key Trends

The key trends in Cellular IoT technology are:

  • Increased adoption of LTE-M and NB-IoT: LTE-M (Long Term Evolution for Machines) and NB-IoT (NarrowBand Internet of Things) are two low-power wide-area (LPWA) technologies that are being increasingly adopted for IoT applications. LTE-M is a higher-power version of NB-IoT and offers higher data rates and lower latency. NB-IoT is a lower-power version of LTE-M and is suitable for applications that require long battery life and low data rates.
  • eSIMs (embedded SIMs) are becoming increasingly popular in IoT devices as they offer a more flexible and convenient way to connect to cellular networks. eSIMs are embedded into the device and can be remotely activated and deactivated, making it easy to change service providers or plan types.
  • LoRa and Sigfox: LoRa (long-range) and Sigfox are two competing LPWA technologies that are being used for IoT applications. LoRa offers a longer range and higher data rates than Sigfox, but Sigfox has a simpler network architecture and is, therefore, easier to deploy.

Key Drivers

The rise in number of IoT devices is anticipated to lead to the growth of the market. For instance, the number of IoT devices grew by nearly 25.6% from 2017 to 2020. This rapid growth is driving the need for cellular IoT, as it provides a wide coverage area and higher data rates than other technologies such as Wi-Fi and Bluetooth. In addition, the increasing number of IoT devices is generating large amounts of data, which need to be transmitted efficiently.

Further, cellular IoT devices need to be low power consumption to extend the battery life. This is a key driver for the adoption of cellular IoT, as it consumes less power than other technologies such as Wi-Fi and Bluetooth. Moreover, various governments are investing in the development of cellular IoT infrastructure. This is expected to drive the growth of the cellular IoT market.

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Key Market Segments

The global Cellular IoT market is segmented by type, component, application, and geography. By type, it is classified into 3G, 4G, 5G, and others. Based on component, the market is bifurcated into hardware and software & services. By industry vertical, it is segmented into healthcare, retail, energy, manufacturing, smart city, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and rest of the World.

Reasons to buy Cellular IoT Market Report:

  • Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
  • Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
  • Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
  • Develop business and M&A strategies through understanding of latest trends and emerging players in the market
  • Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market 

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Key Questions answered in the report:

  • How is the market structured and what the key drivers and trends of this industry?
  • How is the market segmented and what is the size of each segment?
  • Which segments and geographies provide best growth opportunities?
  • What’s the competitive landscape and positioning of players in this market?
  • What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?

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