Cellular IoT Market by Type (2G, 3G, 4G), Component, Application, End-User

List of Tables

The Cellular IoT Market is projected to reach USD 20.81 billion by 2030 from USD 4.90 billion in 2022, at a CAGR of 19.81% during the forecast period.

Global Cellular IoT Market

KEY MARKET STATISTICS
Base Year [2022]	USD 4.90 billion
Estimated Year [2023]	USD 5.83 billion
Forecast Year [2030]	USD 20.81 billion
CAGR (%)	19.81%

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Cellular IoT Market.

Based on Type, market is studied across 2G, 3G, 4G, 5G, LTE-M, NB-IoT, and NB-LTE-M. The 5G commanded largest market share of 24.67% in 2022, followed by LTE-M.

Based on Component, market is studied across Hardware, Services, and Software. The Hardware commanded largest market share of 44.65% in 2022, followed by Services.

Based on Application, market is studied across Connected Vehicle, Drones or UAV, Fleet Management, Smart Grid Automation, Smart Metering, Surveillance & Monitoring, Traffic Safety & Control, and VR/AR. The Smart Metering commanded largest market share of 16.32% in 2022, followed by Surveillance & Monitoring.

Based on End-User, market is studied across Agriculture, Automotive & Transportation, Construction & Building Infrastructure, Consumer Electronics, Energy, Environmental Monitoring, Healthcare, and Retail. The Automotive & Transportation commanded largest market share of 33.95% in 2022, followed by Construction & Building Infrastructure.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.22% in 2022, followed by Americas.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Cellular IoT Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Cellular IoT Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Cellular IoT Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Aeris Communications, Inc., Amazon Web Services, Inc., AT&T Inc., China Telecom Corporation Limited, China Unicom Limited, Google LLC by Alphabet Inc., Huawei Technologies Co., Ltd., Jio Platforms Limited by Reliance Industries Limited, Kiddi Corporation, MediaTek, Inc., Microchip Technology Inc., Microsoft Corporation, NEC Corporation, Nippon Telegraph and Telephone Corporation, Nokia Corporation, Nordic Semiconductor ASA, NXP Semiconductors N.V., Onomondo ApS, Orange Group, Particle Industries, Inc., Proximus PLC, Qualcomm Incorporated, Quectel Wireless Solutions Co., Ltd., Renesas Electronics Corporation, Rogers Communications, Sequans Communications S.A., Sierra Wireless, Inc. by Semtech Corporation, SK Telecom Co., Ltd., STMicroelectronics N.V., Tata Communications Limited, Telefonaktiebolaget LM Ericsson, Telefonica, S.A., Telekom Deutschland GmbH, Telia Company AB, Telit Communications, Telstra Group Limited, Telus Corporation, Texas Instruments Incorporated, U-blox AG, Verizon Communications Inc., Vodafone Group PLC, Wurth Elektronik eiSos GmbH & Co. KG, Zipit Wireless, Inc, and ZTE Corporation.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Cellular IoT Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Cellular IoT Market?

3. What is the competitive strategic window for identifying opportunities in the Cellular IoT Market?

4. What are the latest technology trends and regulatory frameworks in the Cellular IoT Market?

5. What is the market share of the leading vendors in the Cellular IoT Market?

6. Which modes and strategic moves are suitable for entering the Cellular IoT Market?

Product Code: MRR-433AB1DC28E3

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Cellular IoT Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for connected devices and extended network coverage area
  - 5.1.1.2. Rising use of cellular IoT networks to improve homeland security with surveillance
  - 5.1.1.3. Expanding the number of smart cities, smart factories, and smart hospitals across the world
- 5.1.2. Restraints
  - 5.1.2.1. High cost of IoT infrastructure and limited scalability and flexibility in current network architectures
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of advanced and more efficient cellular IoT solutions
  - 5.1.3.2. Supportive government initiatives and investments in network infrastructure
- 5.1.4. Challenges
  - 5.1.4.1. Data privacy and cybersecurity issues
5.2. Market Segmentation Analysis
- 5.2.1. Type: Burgeoning adoption of 5G due to enhanced connection density
- 5.2.2. Component: Increasing utilization of software solutions for the deployment of cellular IoT solutions
- 5.2.3. Application: Significant application of cellular IoT in fleet management
- 5.2.4. End-User: Extensive applications of cellular IoT solutions in the automotive and transportation sector
5.3. Market Trend Analysis
- 5.3.1. Supportive government policies and strong presence of key players contributing to improved adoption of cellular IoT solutions in Americas
- 5.3.2. Strong industry 4.0 and smart city expansion plans in APAC backed by investment in 5G networks for large deployment of cellular IoT in the region
- 5.3.3. Venturing telecom sector strides toward connected IoT deployment across industries in EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Cellular IoT Market, by Type

6.1. Introduction
6.2. 2G
6.3. 3G
6.4. 4G
6.5. 5G
6.6. LTE-M
6.7. NB-IoT
6.8. NB-LTE-M

7. Cellular IoT Market, by Component

7.1. Introduction
7.2. Hardware
7.3. Services
7.4. Software

8. Cellular IoT Market, by Application

8.1. Introduction
8.2. Connected Vehicle
8.3. Drones or UAV
8.4. Fleet Management
8.5. Smart Grid Automation
8.6. Smart Metering
8.7. Surveillance & Monitoring
8.8. Traffic Safety & Control
8.9. VR/AR

9. Cellular IoT Market, by End-User

9.1. Introduction
9.2. Agriculture
9.3. Automotive & Transportation
9.4. Construction & Building Infrastructure
9.5. Consumer Electronics
9.6. Energy
9.7. Environmental Monitoring
9.8. Healthcare
9.9. Retail

10. Americas Cellular IoT Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Cellular IoT Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Cellular IoT Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
  - 13.3.1.1. Renesas to Acquire Cellular IoT Technology Provider Sequans Through Tender Offer
  - 13.3.1.2. Aeris Announces Closing of the Acquisition of Ericsson's IoT Accelerator and Connected Vehicle Cloud Businesses
  - 13.3.1.3. Semtech Corporation Completes Acquisition of Sierra Wireless
- 13.3.2. Agreement, Collaboration, & Partnership
  - 13.3.2.1. Telit Cinterion Collaborates with WaterSignal to Provide a Stable Connection for Water Monitoring
  - 13.3.2.2. Nokia and NTT Partner on 5G Private Wireless in Thailand
  - 13.3.2.3. Verizon and Telenor IoT are Partnering to Expand Global IoT Services
  - 13.3.2.4. Unabiz, Soracom to Expand Global IoT Connectivity Portfolio with Cellular Connectivity Services
  - 13.3.2.5. Eseye Announces New Agreement With Orange to Enhance Global IoT Connectivity Offering
- 13.3.3. New Product Launch & Enhancement
  - 13.3.3.1. Quectel Expands Its IoT Antenna Portfolio with Six New 4G and 5G Antennas
  - 13.3.3.2. Semtech and TTI to Launch Hybrid LoRaWAN and Cellular IoT Solutions
- 13.3.4. Investment & Funding
  - 13.3.4.1. FloLive Connects with USD 47 Million to Give its IoT and Localized Cellular Technology a Boost
  - 13.3.4.2. Cavli Wireless Secure USD 10 Million Series A Funding for IoT Expansion and Talent Development
- 13.3.5. Award, Recognition, & Expansion
  - 13.3.5.1. O2 Telefonica Hands Transatel MVNO Deal in Germany, Targeting Automotive and Industrial IoT
  - 13.3.5.2. SoftBank Corp. to Expand its Global IoT Business in Asia-Pacific Region
  - 13.3.5.3. Huawei Joins the Sisvel Cellular IoT Patent Pool
  - 13.3.5.4. STMicroelectronics Achieves Vodafone NB-IoT certification for Location-Aware Cellular IoT Modules

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Accenture PLC
- 14.1.2. Aeris Communications, Inc.
- 14.1.3. Amazon Web Services, Inc.
- 14.1.4. AT&T Inc.
- 14.1.5. China Telecom Corporation Limited
- 14.1.6. China Unicom Limited
- 14.1.7. Google LLC by Alphabet Inc.
- 14.1.8. Huawei Technologies Co., Ltd.
- 14.1.9. Jio Platforms Limited by Reliance Industries Limited
- 14.1.10. Kiddi Corporation
- 14.1.11. MediaTek, Inc.
- 14.1.12. Microchip Technology Inc.
- 14.1.13. Microsoft Corporation
- 14.1.14. NEC Corporation
- 14.1.15. Nippon Telegraph and Telephone Corporation
- 14.1.16. Nokia Corporation
- 14.1.17. Nordic Semiconductor ASA
- 14.1.18. NXP Semiconductors N.V.
- 14.1.19. Onomondo ApS
- 14.1.20. Orange Group
- 14.1.21. Particle Industries, Inc.
- 14.1.22. Proximus PLC
- 14.1.23. Qualcomm Incorporated
- 14.1.24. Quectel Wireless Solutions Co., Ltd.
- 14.1.25. Renesas Electronics Corporation
- 14.1.26. Rogers Communications
- 14.1.27. Sequans Communications S.A.
- 14.1.28. Sierra Wireless, Inc. by Semtech Corporation
- 14.1.29. SK Telecom Co., Ltd.
- 14.1.30. STMicroelectronics N.V.
- 14.1.31. Tata Communications Limited
- 14.1.32. Telefonaktiebolaget LM Ericsson
- 14.1.33. Telefonica, S.A.
- 14.1.34. Telekom Deutschland GmbH
- 14.1.35. Telia Company AB
- 14.1.36. Telit Communications
- 14.1.37. Telstra Group Limited
- 14.1.38. Telus Corporation
- 14.1.39. Texas Instruments Incorporated
- 14.1.40. U-blox AG
- 14.1.41. Verizon Communications Inc.
- 14.1.42. Vodafone Group PLC
- 14.1.43. Wurth Elektronik eiSos GmbH & Co. KG
- 14.1.44. Zipit Wireless, Inc
- 14.1.45. ZTE Corporation
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing