global cellular IoT module revenue.
Automotive, Router/CPE and Enterprise are the
top three applications for cellular IoT modules globally in terms of revenue.
Qualcomm dominated the global cellular
IoT module chipset market, capturing almost half of the market in terms of shipment volumes.
Global cellular IoT module revenue increased 8% QoQ but decreased 1% YoY during Q3 2020, according to the latest research by Counterpoint Global Cellular IoT Module and Chipset Tracker.
The demand is yet to recover fully from the impact of COVID-19. However, all regions except the Middle East and Africa (MEA), Latin America and South Korea reported an increase in revenue. NB-IoT modules were the fastest-growing cellular IoT module segment and contributed to a record 30% of the global cellular IoT module shipment volumes in Q3 2020.