Cellular
IoT Module Market Size, Share, Analysis, Growth Insight, Trends, Leaders,
Services and Future Forecast - 2031

The
global Cellular IoT Module market is expected to grow at a significant CAGR
during the forecast period (2024-2031). Cellular IoT is defined as a way of
connecting physical devices to the internet across the globe. These advanced
technologies used for connectivity comprise 3G, 4G, 5G, and LPWA (Low Power
Wide Area) cellular technologies such as NB-IoT and LTE-M. It offers benefits
such as global coverage, reliable connection of IoT devices, and low-cost
hardware that are requirements for cellular IoT connections. Cellular
Vehicle-to-Everything (C-V2X) in the automotive sector is growing due to the
increase in demand for safe & reliable road transportation, the rising
adoption of autonomous vehicles, and the increase in the adoption of vehicles
telematics by logistics & transportation companies. Thus, the increasing
demand for Cellular IoT for C-V2X in the automotive sector is fuelling the
growth of the market. 

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The
global cellular IoT module market includes some of the key market players such
as Cisco Systems, Inc., Advantech, ADLINK Technology, and others. In order to
maintain a strong position in the market, the market players are adopting
various strategic moves, such as product launches, partnerships and
collaborations, and mergers and acquisitions. For instance, in March 2020,
Sequans Communications and NXP Semiconductors had collaborated to bring LTE for
the Internet of Things (IoT) to NXP’s microcontroller (MCU) ecosystem. The crux
of the partnership is expected to witness the combination of NXP’s LPC5500 MCU
series with Sequans’ Monarch GM01Q and NB01Q modules, providing a development
platform that includes LTE-M and NB-IoT connectivity for IoT devices. Additionally,
in November 2019, Telit Introduced new modules ideal for transition to 4G
NB-IoT. The new modules are created for users looking to transition from 2G to
4G NB-IoT. Telit claims the new modules offer more efficient power usage and
enhanced coverage for connectivity.

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Market
Coverage

• Segment Covered- 

o             By Connectivity Technology

• Competitive Landscape:
  Cisco Systems, Inc., Advantech, ADLINK Technology, and others.

Key
questions addressed by the report

• What is the market growth
  rate?


• Which segment and region
  dominates the market in base year?


• Which segment and region
  will project fastest growth in the market?


• How COVID-19 impacted the
  market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the
  market?


• How players are addressing
  challenges to sustain growth?


• Where is the investment
  opportunity?

Global
Cellular IoT Module Market Report Segmentation

By
Connectivity Technology

•                
LTE-CAT-1

•                
Others

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