Cellular IoT Market Key Highlights:
- Market Size (2024): USD 1.95 Billion
- Projected Market Size (2034): USD 3.88 Billion
- CAGR (2023-2034): 7.10%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Cellular IoT Market Definition
The cellular IoT market refers to the production, distribution, and use of this IoT, which is the technology that connects physical objects to the Internet using the same cellular network currently used by smartphones. It is used in micromobility, retail IoT, fleet management, telematics, and connected cars. It is an affordable and cost-effective technology for various applications, including assets in motion like trains, trucks, and cars, as well as static assets like smart factory environments, smart campuses, and smart meters. As a result, there is a high demand for cellular-based IoT in agriculture, healthcare, transportation, and smart cities, which drives the growth of the cellular IoT market.
The challenging factors of this IoT include a lack of insights into network connectivity, permanent roaming restrictions, lack of access to many networks per country, regulatory hurdles, etc., which can slow down the growth of the market. The future scope of this IoT includes improving connectivity and performance, implementing telematics and IoT solutions to monitor on-road assets and equipment, etc., which will help the growth of the cellular IoT market. Asia Pacific region is estimated to be the dominant for the growth of the market.
Cellular IoT Market Segmentation:
By Type
- 2G
- 3G
- 4G
- LTE
- NB–IoT
- 5G
- Others
By Application
- Agriculture
- Environmental Monitoring
- Automotive & Transportation
- Energy
- HealthCare
- Manufacturing
- Retail
- Smart City
- Consumer Electronics
Cellular IoT Market Companies:
- Qualcomm Inc.
- Sierra Wireless
- Gemalto NV
- Telit Communications PLC
- U–Blox Holding AG
- ZTE Corporation
- Sequans Communication
- Mediatek Inc.
- Murata
- Digi
- Fibocom
- GosuncnWelink
- Multi-Tech Systems Inc
- Neowa
- Nordic Semiconductor
- Pycom
- Quectel
- Sercomm
- Shanghai Yuge Information Technology
- SIMCom.
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