Cellular IoT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2033

 

Cellular IoT Market

With a linear growth pattern, the Cellular IoT Market is expected to reach a value of USD 4,143.6 million in 2023 and increase at a compound annual growth rate (CAGR) of 24.7% from 2023 to 2033, when it is expected to reach USD 27,377.6 million.

Devices can now connect to the internet via cellular networks thanks to a technology known as cellular IoT (Internet of Things). This makes it possible for devices to be online even in places without Wi-Fi or other wireless internet connection.

The need is driven by the crucial function that cellular IoT modules play in guaranteeing uninterrupted connectivity and data transmission within this network. The market for cellular Internet of things (IoT) modules has expanded rapidly due to a number of factors that have sped up the deployment of IoT devices in various industries.

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The integration of digital technologies to build intelligent industrial processes is emphasized by the Industry 4.0 revolution. Cellular IoT modules provide predictive maintenance, real-time production line monitoring, and overall process optimization by facilitating machine-to-machine communication. IoT devices are being adopted by industries more and more to facilitate asset management and remote monitoring.

Cellular IoT modules for precision farming enable the monitoring of crop health, weather patterns, and soil conditions, which is beneficial to the agricultural sector. Higher yields, decreased resource waste, and better productivity are the results of the data-driven strategy. Hospital asset tracking and remote patient monitoring are two uses for cellular IoT modules in the healthcare industry. Secure transmission of critical patient data is essential for better patient care and effective resource management.

Cellular IoT Market Dynamics

An increasing number of IoT applications in a variety of industries, such as smart cities, logistics, industrial automation, healthcare, and agriculture, are propelling the cellular IoT market. Predictive maintenance, smart meters, remote monitoring, and asset tracking are some of these uses.

Cellular IoT is expanding because of advancements in cellular technology, including the introduction of 5G networks and Low-Power Wide-Area Network (LPWAN) technologies like NB-IoT and LTE-M. For Internet of Things devices, these technologies provide better coverage, reduced battery usage, and higher data rates.

Cellular IoT Market Competitive Outlook

Qualcomm, Huawei, Sierra Wireless, Gemalto, Thales, and Tel

Market Segmental Analysis 

 

By Component

·       Hardware

·       Software

·       Device Management

·       Signal Processing

·       Services

 

By Technology

·       2G

·       3G   

·       4G   

·       LTE-M   

·       NB-LTE-M

·       NB-IoT

·       5G

 

By End-User

·       Agriculture

·       Automotive & Transportation

·       Consumer Electronics

·       Energy

·       Environment Monitoring  

·       Healthcare     

·       Retail  

·       Smart Cities  

·       Others

 

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

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Frequently Asked Questions

1.       What is the market size of Cellular IoT market in 2024?

2.       Which are the top companies operating within the market?

3.       Which region dominates the Cellular IoT market?

 

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