Global cellular IoT module units to hit 780M
Global cellular IoT module shipments will cross 780 million units in 2024 to reach $11.5 billion in revenues and India is set to experience the highest growth
| 15 Feb 2021 8:43 AM GMT
NEW DELHI: Global cellular IoT module shipments will cross 780 million units in 2024 to reach $11.5 billion in revenues and India is set to experience the highest growth (38 per cent), according to latest research. NarrowBand-Internet of Things (NB-IoT) will lead the cellular IoT module shipments by 2024, followed by 4G and 5G. The growth of NB-IoT will keep China ahead of other regions in the cellular IoT module market. However, India is expected to experience the highest growth (38 per cent) in shipments, said Associate Director Jan Stryjak. The commercial deployment of NB-IoT by the country s major telecom operators, such as Jio, Vi, Airtel and BSNL, will help usher growth in cellular module shipments in India, he said in a statement. North A
Global cellular IoT module shipments will cross 780 million units in 2024 to reach $11.5 billion in revenues and India is set to experience the highest growth (38 per cent), according to latest research.NarrowBand-Internet of Things (NB-IoT) .
North America will overtake Europe in 2024 to become the second largest market after China.
5G will lead in terms of value while NB-IoT will lead in terms of volume in the market.
Quectel and Qualcomm will maintain their top positions in cellular IoT module vendor and chipset player market shares respectively.
Global cellular IoT module shipments will cross 780 million units in 2024 to reach $11.5 billion in revenues, according to the latest research from Counterpoint’s Global Cellular IoT Module and Chipset Forecast.
The COVID-19 outbreak and recent supply shortages in semiconductor material have adversely affected the
cellular module market. However, the pandemic has accelerated the pace of IoT adoption, with organizations prioritizing it as a path towards digitalization. NB-IoT will lead the