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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1453741
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1453741
Global Cellular IoT Market Size Study & Forecast, by Network, by Connection, by Application, by End-user, and Regional Analysis, 2023-2030
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Global Cellular IoT Market is valued at approximately USD 4.40 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 23.4% during the forecast period 2023-2030. Cellular IoT, or Cellular Internet of Things, utilizes cellular networks such as LTE-M, NB-IoT, and 5G to establish connectivity and communication among IoT devices. This technology enables the seamless exchange of data between IoT endpoints, ensuring reliable, secure, and scalable connectivity leveraging existing cellular infrastructure. Cellular IoT facilitates the deployment of IoT solutions across diverse use cases with applications in various industries, supporting a multitude of connected devices. Its advantages include improved coverage, extended battery life, and enhanced security, making it a key enabler for the widespread adoption of IoT technologies. The rising integration of edge computing with massive IoT deployments, increasing demand for 5G cellular IoT in homeland security with surveillance, and increasing application of cellular IoT modules in medical wearables are the most prominent factors that are propelling the market demand across the globe.
In addition, the rapid proliferation of IoT devices across various industries, such as smart cities, healthcare, agriculture, manufacturing, and transportation is a significant driving factor for the market demand. Cellular networks provide a reliable and scalable connectivity solution for these devices. According to Statista, in 2019, globally, there were around 7.74 billion IoT-connected devices, which increased to 8.74 billion devices in the year 2020 and is expected to reach 25.44 billion by the year 2030. Thus, this factor is directly associated with the demand for cellular IoT, which, in turn, augments the market growth at a substantial rate. Moreover, the rise in demand for cellular IoT in agricultural automation and environmental monitoring, as well as the surging expansion of 5G networks presents various lucrative opportunities over the forecast years. However, the growing concern regarding cyberattacks and the difficulties in the management and maintenance of cellular IoT deployments are hindering market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Cellular IoT Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the ongoing advancements in cellular technology, increasing adoption of Internet of Things (IoT) technologies, as well as innovative applications of Cellular IoT in precision agriculture, smart grid technologies, and advanced healthcare solutions. Whereas, Asia Pacific is expected to grow at the highest CAGR during the forecast years. The soaring demand for connected health wearable devices, the increase in deployment of smart city projects and the rapid development of 5G infrastructure are significantly propelling the market demand across the region.
Major market players included in this report are:
- Qualcomm Incorporated (U.S.)
- Sierra Wireless (Canada)
- Telit Communications (Thales Group) (U.K.)
- Nordic Semiconductor ASA (Norway)
- AT&T Corporation (U.S.)
- Nokia Corporation (Finland)
- Telefonaktiebolaget LM Ericsson (Sweden)
- Huawei Technologies Co., Ltd. (China)
- Zhongxing New Telecommunications Equipment Co., Ltd. (China)
- China Mobile Communications Group Co., Ltd. (China)
Recent Developments in the Market:
- In January 2024, Nordic Semiconductor introduced its latest IoT innovations and showcased demonstrations featuring low-power Wi-Fi, LE Audio, Matter, and power management at CES 2024 in Norway. These showcased products encompass essential IoT technologies including cellular IoT (LTE-M and NB-IoT), low-power Wi-Fi, Matter, DECT NR+, and Bluetooth Low Energy (Bluetooth LE), highlighting the company's noteworthy impact on the evolving IoT landscape at CES.
- In November 2023, Telenor partnered with Polarium to deliver globally managed IoT connectivity services tailored for energy storage solutions. This partnership empowered Polarium to utilize Telenor's sophisticated cellular-managed connectivity, enabling the provision of a wide array of digital solutions. These offerings encompass fleet management, anti-theft measures, remote monitoring, and tracking services, ensuring comprehensive coverage for energy storage systems.
- In November 2023, CommScope and STMicroelectronics collaborated to integrate CommScope's PKIWorks IoT security platform with ST's STM32WB MCU (microcontroller unit). This partnership aimed to streamline the development of secure IoT devices, resulting in cost and time savings. The integration simplified the manufacturing of matter-device credentials and allowed commissioning at the MCU level without the need for developer intervention.
Global Cellular IoT Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Network, Connection, Application, End-user, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Network:
- 2G/3G
- 4G
- LTE-M
- 5G
- NB-IoT
By Connection:
- Wi-Fi
- Broadband
- Satellite
- Cable
- Others
By Application:
- Broadband IoT
- Massive IoT
- Industrial Automation
- Critical IoT
By End-user:
- Individual
- Commercial/Enterprise
- Industrial
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1.Executive Summary
- 1.1.Market Snapshot
- 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1.Cellular IoT Market, by Region, 2020-2030 (USD Billion)
- 1.2.2.Cellular IoT Market, by Network, 2020-2030 (USD Billion)
- 1.2.3.Cellular IoT Market, by Connection, 2020-2030 (USD Billion)
- 1.2.4.Cellular IoT Market, by Application, 2020-2030 (USD Billion)
- 1.2.5.Cellular IoT Market, by End-user, 2020-2030 (USD Billion)
- 1.3.Key Trends
- 1.4.Estimation Methodology
- 1.5.Research Assumption
Chapter 2.Global Cellular IoT Market Definition and Scope
- 2.1.Objective of the Study
- 2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
- 2.3.Years Considered for the Study
- 2.4.Currency Conversion Rates
Chapter 3.Global Cellular IoT Market Dynamics
- 3.1.Cellular IoT Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
- 3.1.1.1.Rapid proliferation of IoT devices across various industries
- 3.1.1.2.Increasing application of cellular IoT modules in medical wearables
- 3.1.2.Market Challenges
- 3.1.2.1.Growing concern regarding cyberattacks
- 3.1.2.2.Difficulties in management and maintenance of cellular IoT deployments
- 3.1.3.Market Opportunities
- 3.1.3.1.Rise in demand for cellular IoT in agricultural automation and environmental monitoring
- 3.1.3.2.Surging expansion of 5G networks
- 3.1.1.Market Drivers
Chapter 4.Global Cellular IoT Market Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.2.Porter's 5 Force Impact Analysis
- 4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
- 4.4.Top investment opportunity
- 4.5.Top winning strategies
- 4.6.COVID-19 Impact Analysis
- 4.7.Disruptive Trends
- 4.8.Industry Expert Perspective
- 4.9.Analyst Recommendation & Conclusion
Chapter 5.Global Cellular IoT Market, by Network
- 5.1.Market Snapshot
- 5.2.Global Cellular IoT Market by Network, Performance - Potential Analysis
- 5.3.Global Cellular IoT Market Estimates & Forecasts by Network 2020-2030 (USD Billion)
- 5.4.Cellular IoT Market, Sub Segment Analysis
- 5.4.1.2G/3G
- 5.4.2.4G
- 5.4.3.LTE-M
- 5.4.4.5G
- 5.4.5.NB-IoT
Chapter 6.Global Cellular IoT Market, by Connection
- 6.1.Market Snapshot
- 6.2.Global Cellular IoT Market by Connection, Performance - Potential Analysis
- 6.3.Global Cellular IoT Market Estimates & Forecasts by Connection 2020-2030 (USD Billion)
- 6.4.Cellular IoT Market, Sub Segment Analysis
- 6.4.1.Wi-Fi
- 6.4.2.Broadband
- 6.4.3.Satellite
- 6.4.4.Cable
- 6.4.5.Others
Chapter 7.Global Cellular IoT Market, by Application
- 7.1.Market Snapshot
- 7.2.Global Cellular IoT Market by Application, Performance - Potential Analysis
- 7.3.Global Cellular IoT Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4.Cellular IoT Market, Sub Segment Analysis
- 7.4.1.Broadband IoT
- 7.4.2.Massive IoT
- 7.4.3.Industrial Automation
- 7.4.4.Critical IoT
Chapter 8.Cellular IoT Market, by End-user
- 8.1.Market Snapshot
- 8.2.Global Cellular IoT Market by End-user, Performance - Potential Analysis
- 8.3.Global Cellular IoT Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
- 8.4.Cellular IoT Market, Sub Segment Analysis
- 8.4.1.Individual
- 8.4.2.Commercial/Enterprise
- 8.4.3.Industrial
Chapter 9.Global Cellular IoT Market, Regional Analysis
- 9.1.Top Leading Countries
- 9.2.Top Emerging Countries
- 9.3.Cellular IoT Market, Regional Market Snapshot
- 9.4.North America Cellular IoT Market
- 9.4.1.U.S. Cellular IoT Market
- 9.4.1.1.Network breakdown estimates & forecasts, 2020-2030
- 9.4.1.2.Connection breakdown estimates & forecasts, 2020-2030
- 9.4.1.3.Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.4.End-user breakdown estimates & forecasts, 2020-2030
- 9.4.2.Canada Cellular IoT Market
- 9.4.1.U.S. Cellular IoT Market
- 9.5.Europe Cellular IoT Market Snapshot
- 9.5.1.U.K. Cellular IoT Market
- 9.5.2.Germany Cellular IoT Market
- 9.5.3.France Cellular IoT Market
- 9.5.4.Spain Cellular IoT Market
- 9.5.5.Italy Cellular IoT Market
- 9.5.6.Rest of Europe Cellular IoT Market
- 9.6.Asia-Pacific Cellular IoT Market Snapshot
- 9.6.1.China Cellular IoT Market
- 9.6.2.India Cellular IoT Market
- 9.6.3.Japan Cellular IoT Market
- 9.6.4.Australia Cellular IoT Market
- 9.6.5.South Korea Cellular IoT Market
- 9.6.6.Rest of Asia Pacific Cellular IoT Market
- 9.7.Latin America Cellular IoT Market Snapshot
- 9.7.1.Brazil Cellular IoT Market
- 9.7.2.Mexico Cellular IoT Market
- 9.8.Middle East & Africa Cellular IoT Market
- 9.8.1.Saudi Arabia Cellular IoT Market
- 9.8.2.South Africa Cellular IoT Market
- 9.8.3.Rest of Middle East & Africa Cellular IoT Market
Chapter 10.Competitive Intelligence
- 10.1.Key Company SWOT Analysis
- 10.1.1.Company 1
- 10.1.2.Company 2
- 10.1.3.Company 3
- 10.2.Top Market Strategies
- 10.3.Company Profiles
- 10.3.1.Qualcomm Incorporated (U.S.)
- 10.3.1.1.Key Information
- 10.3.1.2.Overview
- 10.3.1.3.Financial (Subject to Data Availability)
- 10.3.1.4.Product Summary
- 10.3.1.5.Recent Developments
- 10.3.2.Sierra Wireless (Canada)
- 10.3.3.Telit Communications (Thales Group) (U.K.)
- 10.3.4.Nordic Semiconductor ASA (Norway)
- 10.3.5.AT&T Corporation (U.S.)
- 10.3.6.Nokia Corporation (Finland)
- 10.3.7.Telefonaktiebolaget LM Ericsson (Sweden)
- 10.3.8.Huawei Technologies Co., Ltd. (China)
- 10.3.9.Zhongxing New Telecommunications Equipment Co., Ltd. (China)
- 10.3.10.China Mobile Communications Group Co., Ltd. (China)
- 10.3.1.Qualcomm Incorporated (U.S.)
Chapter 11.Research Process
- 11.1.Research Process
- 11.1.1.Data Mining
- 11.1.2.Analysis
- 11.1.3.Market Estimation
- 11.1.4.Validation
- 11.1.5.Publishing
- 11.2.Research Attributes
- 11.3.Research Assumption
LIST OF TABLES
- TABLE 1.Global Cellular IoT Market, report scope
- TABLE 2.Global Cellular IoT Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3.Global Cellular IoT Market estimates & forecasts by Network 2020-2030 (USD Billion)
- TABLE 4.Global Cellular IoT Market estimates & forecasts by Connection 2020-2030 (USD Billion)
- TABLE 5.Global Cellular IoT Market estimates & forecasts by Application 2020-2030 (USD Billion)
- TABLE 6.Global Cellular IoT Market estimates & forecasts by End-user 2020-2030 (USD Billion)
- TABLE 7.Global Cellular IoT Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8.Global Cellular IoT Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9.Global Cellular IoT Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10.Global Cellular IoT Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11.Global Cellular IoT Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12.Global Cellular IoT Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13.Global Cellular IoT Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 14.Global Cellular IoT Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 15.Global Cellular IoT Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 16.Global Cellular IoT Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 17.U.S. Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 18.U.S. Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 19.U.S. Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 20.Canada Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 21.Canada Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 22.Canada Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 23.UK Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 24.UK Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 25.UK Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 26.Germany Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 27.Germany Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 28.Germany Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 29.France Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 30.France Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 31.France Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 32.Italy Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 33.Italy Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 34.Italy Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 35.Spain Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 36.Spain Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 37.Spain Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 38.RoE Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 39.RoE Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 40.RoE Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 41.China Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 42.China Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 43.China Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 44.India Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 45.India Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 46.India Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 47.Japan Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 48.Japan Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 49.Japan Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 50.South Korea Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 51.South Korea Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 52.South Korea Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 53.Australia Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 54.Australia Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 55.Australia Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 56.RoAPAC Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 57.RoAPAC Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 58.RoAPAC Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 59.Brazil Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 60.Brazil Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 61.Brazil Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 62.Mexico Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 63.Mexico Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 64.Mexico Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 65.RoLA Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 66.RoLA Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 67.RoLA Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 68.Saudi Arabia Cellular IoT Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 69.South Africa Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 70.RoMEA Cellular IoT Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 71.List of secondary sources, used in the study of global Cellular IoT Market
- TABLE 72.List of primary sources, used in the study of global Cellular IoT Market
- TABLE 73.Years considered for the study
- TABLE 74.Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
- FIG 1.Global Cellular IoT Market, research methodology
- FIG 2.Global Cellular IoT Market, Market estimation techniques
- FIG 3.Global Market size estimates & forecast methods
- FIG 4.Global Cellular IoT Market, key trends 2022
- FIG 5.Global Cellular IoT Market, growth prospects 2023-2030
- FIG 6.Global Cellular IoT Market, porters 5 force model
- FIG 7.Global Cellular IoT Market, pest analysis
- FIG 8.Global Cellular IoT Market, value chain analysis
- FIG 9.Global Cellular IoT Market by segment, 2020 & 2030 (USD Billion)
- FIG 10.Global Cellular IoT Market by segment, 2020 & 2030 (USD Billion)
- FIG 11.Global Cellular IoT Market by segment, 2020 & 2030 (USD Billion)
- FIG 12.Global Cellular IoT Market by segment, 2020 & 2030 (USD Billion)
- FIG 13.Global Cellular IoT Market by segment, 2020 & 2030 (USD Billion)
- FIG 14.Global Cellular IoT Market, regional snapshot 2020 & 2030
- FIG 15.North America Cellular IoT Market 2020 & 2030 (USD Billion)
- FIG 16.Europe Cellular IoT Market 2020 & 2030 (USD Billion)
- FIG 17.Asia pacific Cellular IoT Market 2020 & 2030 (USD Billion)
- FIG 18.Latin America Cellular IoT Market 2020 & 2030 (USD Billion)
- FIG 19.Middle East & Africa Cellular IoT Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
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