Global Cellular Modem Market Size study & Forecast, by Type by Technology and by Vertical and Regional Forecasts 2025-2035

Description

The Global Cellular Modem Market is valued at approximately USD 5.79 billion in 2024 and is projected to grow at a remarkable CAGR of 20.60% during the forecast period 2025-2035. Cellular modems are specialized communication devices that connect various equipment, sensors, and systems to cellular networks, enabling wireless data transmission over 2G, 3G, 4G, 5G, and other advanced standards. They play a critical role in bridging the gap between machine-to-machine (M2M) communication and the expanding Internet of Things (IoT) ecosystem. The global market is witnessing an accelerated surge in adoption as industries pivot toward automation, smart connectivity, and real-time analytics. The proliferation of connected devices, the emergence of ultra-reliable low-latency communications (URLLC), and the rapid commercialization of 5G networks are significantly reshaping the cellular modem landscape. Furthermore, the growing demand for efficient data communication solutions in transportation, agriculture, and healthcare sectors is propelling market expansion.

The increasing shift toward smart infrastructure and the surge in IoT-enabled applications have exponentially increased the demand for cellular modems. As industries modernize their digital infrastructure, the need for high-speed and resilient connectivity has intensified. According to GSMA Intelligence, global IoT connections surpassed 15 billion in 2023 and are projected to double by 2030, amplifying the requirement for advanced communication modules. The rollout of 5G has further transformed connectivity standards, offering faster transmission speeds, broader bandwidth, and near-zero latency-factors that have become crucial for sectors such as autonomous transportation, smart farming, and telemedicine. Moreover, NB-IoT and LTE-M technologies are gaining traction for their ability to support massive IoT deployments with low power consumption and deep coverage. However, challenges such as high integration costs, data privacy concerns, and fragmented network interoperability across regions could restrain the market's pace over the forecast period.

The detailed segments and sub-segments included in the report are:

By Type:

Embedded Cellular Modem
Box Portable Cellular Modem

By Technology:

2G
3G
4G
5G
NB-IoT
LTE-M

By Vertical:

Agriculture
Automotive & Transportation
Smart Cities
Healthcare

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
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Embedded Cellular Modems are Expected to Dominate the Market
Among the types, the Embedded Cellular Modem segment is expected to dominate the global market throughout the forecast period. Embedded modems are increasingly integrated into connected systems, enabling real-time communication in automotive telematics, smart utility meters, and industrial IoT applications. Their growing deployment in next-generation vehicles and edge devices is transforming industries by enabling faster and more reliable connectivity. These modems are designed for high-performance operations with minimal maintenance and are optimized for long-term deployments in remote and critical environments. With the rapid evolution of 5G and low-power wide-area networks, embedded cellular modems are positioned to remain the backbone of connected ecosystems. Box portable modems, on the other hand, are anticipated to see notable growth due to their flexibility and ease of use in temporary installations and mobile field applications.
5G Technology Segment Leads in Revenue Contribution
In terms of technology, the 5G segment is expected to account for the largest revenue share during the forecast period. The rollout of 5G networks across key economies has significantly accelerated demand for cellular modems that can leverage ultra-fast data transmission and low-latency communication. The enhanced capacity of 5G supports real-time data exchange across mission-critical operations such as autonomous vehicles, remote surgeries, and intelligent transportation systems. Meanwhile, 4G and LTE-M technologies maintain a solid market presence owing to their established infrastructure and compatibility with existing IoT devices. NB-IoT, known for its low-cost, power-efficient communication, continues to expand in smart metering and agricultural monitoring applications. As industries transition from 4G to 5G, hybrid modems capable of operating across multiple network standards are increasingly being adopted.
The key regions considered for the Global Cellular Modem Market include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the market in 2025, largely attributed to its robust telecommunication infrastructure, high IoT penetration, and early adoption of 5G technology. The U.S., being a hub for major technology innovators and IoT solution providers, continues to lead in industrial and commercial deployments of cellular connectivity solutions. Europe follows closely, with significant adoption driven by smart city projects and stringent data security frameworks supporting secure communications. Meanwhile, the Asia Pacific region is projected to be the fastest-growing market during the forecast period. The region's exponential growth in mobile data traffic, government initiatives for digital transformation, and rising demand for connected vehicles and smart healthcare solutions in countries like China, India, and Japan are fueling market acceleration.

Major market players included in this report are:

Sierra Wireless Inc.
Telit Communications PLC
Huawei Technologies Co., Ltd.
u-blox Holding AG
Gemalto N.V. (Thales Group)
Quectel Wireless Solutions Co., Ltd.
MultiTech Systems, Inc.
Digi International Inc.
NetComm Wireless Limited
Novatel Wireless (Inseego Corp.)
Advantech Co., Ltd.
Fibocom Wireless Inc.
Teltonika Networks
SIMCom Wireless Solutions Ltd.
ZTE Corporation

Global Cellular Modem Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' 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 for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Cellular Modem Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Cellular Modem Market Forces Analysis

3.1. Market Forces Shaping The Global Cellular Modem Market (2024-2035)
3.2. Drivers
- 3.2.1. proliferation of connected devices
- 3.2.2. emergence of ultra-reliable low-latency communications (URLLC)
3.3. Restraints
- 3.3.1. high integration costs
3.4. Opportunities
- 3.4.1. rapid commercialization of 5G networks

Chapter 4. Global Cellular Modem Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL 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 Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Cellular Modem Market Size & Forecasts by Type 2025-2035

5.1. Market Overview
5.2. Global Cellular Modem Market Performance - Potential Analysis (2025)
5.3. Embedded Cellular Modem
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Box Portable Cellular Modem
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Cellular Modem Market Size & Forecasts by Technology 2025-2035

6.1. Market Overview
6.2. Global Cellular Modem Market Performance - Potential Analysis (2025)
6.3. 2G
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. 3G
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. 4G
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. 5G
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035
6.7. NB-IOT
- 6.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.7.2. Market size analysis, by region, 2025-2035
6.8. LTE-M
- 6.8.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.8.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Cellular Modem Market Size & Forecasts by Vertical 2025-2035

7.1. Market Overview
7.2. Global Cellular Modem Market Performance - Potential Analysis (2025)
7.3. Agriculture
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Automotive & Transportation
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
7.5. Smart Cities
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035
7.6. Healthcare
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Cellular Modem Market Size & Forecasts by Region 2025-2035

8.1. Growth Cellular Modem Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Cellular Modem Market
- 8.3.1. U.S. Cellular Modem Market
  - 8.3.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Technology breakdown size & forecasts, 2025-2035
  - 8.3.1.3. Vertical breakdown size & forecasts, 2025-2035
- 8.3.2. Canada Cellular Modem Market
  - 8.3.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Technology breakdown size & forecasts, 2025-2035
  - 8.3.2.3. Vertical breakdown size & forecasts, 2025-2035
8.4. Europe Cellular Modem Market
- 8.4.1. UK Cellular Modem Market
  - 8.4.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Technology breakdown size & forecasts, 2025-2035
  - 8.4.1.3. Vertical breakdown size & forecasts, 2025-2035
- 8.4.2. Germany Cellular Modem Market
  - 8.4.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Technology breakdown size & forecasts, 2025-2035
  - 8.4.2.3. Vertical breakdown size & forecasts, 2025-2035
- 8.4.3. France Cellular Modem Market
  - 8.4.3.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Technology breakdown size & forecasts, 2025-2035
  - 8.4.3.3. Vertical breakdown size & forecasts, 2025-2035
- 8.4.4. Spain Cellular Modem Market
  - 8.4.4.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Technology breakdown size & forecasts, 2025-2035
  - 8.4.4.3. Vertical breakdown size & forecasts, 2025-2035
- 8.4.5. Italy Cellular Modem Market
  - 8.4.5.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Technology breakdown size & forecasts, 2025-2035
  - 8.4.5.3. Vertical breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe Cellular Modem Market
  - 8.4.6.1. Type breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Technology breakdown size & forecasts, 2025-2035
  - 8.4.6.3. Vertical breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Cellular Modem Market
- 8.5.1. China Cellular Modem Market
  - 8.5.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Technology breakdown size & forecasts, 2025-2035
  - 8.5.1.3. Vertical breakdown size & forecasts, 2025-2035
- 8.5.2. India Cellular Modem Market
  - 8.5.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Technology breakdown size & forecasts, 2025-2035
  - 8.5.2.3. Vertical breakdown size & forecasts, 2025-2035
- 8.5.3. Japan Cellular Modem Market
  - 8.5.3.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Technology breakdown size & forecasts, 2025-2035
  - 8.5.3.3. Vertical breakdown size & forecasts, 2025-2035
- 8.5.4. Australia Cellular Modem Market
  - 8.5.4.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Technology breakdown size & forecasts, 2025-2035
  - 8.5.4.3. Vertical breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea Cellular Modem Market
  - 8.5.5.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Technology breakdown size & forecasts, 2025-2035
  - 8.5.5.3. Vertical breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC Cellular Modem Market
  - 8.5.6.1. Type breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Technology breakdown size & forecasts, 2025-2035
  - 8.5.6.3. Vertical breakdown size & forecasts, 2025-2035
8.6. Latin America Cellular Modem Market
- 8.6.1. Brazil Cellular Modem Market
  - 8.6.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Technology breakdown size & forecasts, 2025-2035
  - 8.6.1.3. Vertical breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico Cellular Modem Market
  - 8.6.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Technology breakdown size & forecasts, 2025-2035
  - 8.6.2.3. Vertical breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Cellular Modem Market
- 8.7.1. UAE Cellular Modem Market
  - 8.7.1.1. Type breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Technology breakdown size & forecasts, 2025-2035
  - 8.7.1.3. Vertical breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) Cellular Modem Market
  - 8.7.2.1. Type breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Technology breakdown size & forecasts, 2025-2035
  - 8.7.2.3. Vertical breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa Cellular Modem Market
  - 8.7.3.1. Type breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Technology breakdown size & forecasts, 2025-2035
  - 8.7.3.3. Vertical breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Sierra Wireless Inc.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Telit Communications PLC
9.4. Huawei Technologies Co., Ltd.
9.5. u-blox Holding AG
9.6. Gemalto N.V. (Thales Group)
9.7. Quectel Wireless Solutions Co., Ltd.
9.8. MultiTech Systems, Inc.
9.9. Digi International Inc.
9.10. NetComm Wireless Limited
9.11. Novatel Wireless (Inseego Corp.)
9.12. Advantech Co., Ltd.
9.13. Fibocom Wireless Inc.
9.14. Teltonika Networks
9.15. SIMCom Wireless Solutions Ltd.
9.16. ZTE Corporation