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Report
Cellular IoT Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 141 Pages I IMARC Group
Market Overview:
The global cellular IoT market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2028, exhibiting a growth rate (CAGR) of 20.9% during 2023-2028.
Cellular Internet of Things (IoT) refers to the integration of telecommunication devices with the internet. It utilizes advanced technologies, such as 3G, 4G, 5G and Low Power Wide Area (LPWA), for establishing reliable connections through various hardware devices and sensors. It is widely used for asset, warehouse and workforce management, remote plant monitoring, automation, cloud-based robotics, traffic management and telematics in smartwatches and fitness bands. Cellular IoT solutions simplify global deployment, establish a secured connection with other shared networks and support both low and high bandwidths. As a result, they find extensive applications across various industries, including agriculture, environment monitoring, healthcare, manufacturing, automotive and energy.
Cellular IoT Market Trends:
Significant growth in the telecommunications industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, rapid digitization and the increasing requirement for automation across industries are providing a thrust to the market growth. Medium and large-scale organizations are widely adopting Narrowband Internet of Things (NB-IoT) and Long-Term Evolution for Machines (LTE-M) solutions. These technologies can be integrated with the existing mobile networks to provide enhanced end-to-end security, device-level access and authentication and encrypted data transfer. Additionally, integration of the IoT, embedded sensors, Wi-Fi and Bluetooth with automobile systems are acting as other growth-inducing factors. Automotive manufacturers combine wireless communication into both luxury and economy vehicles to facilitate in-vehicle communication, vehicle-to-vehicle communication and vehicle-to-infrastructure communication. In line with this, these technologies are also used for smart metering, weather monitoring, infrastructure security and flood and agricultural management. Other factors, including increasing commercialization of 5G, along with significant infrastructural developments, especially in the developing economies, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cellular IoT market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type and end use.
Breakup by Component:
Hardware
Software
Device Management
Signal Processing
Breakup by Type:
2G
3G
4G
LTE-M
NB-LTE-M
NB-IoT
5G
Breakup by End Use:
Agriculture
Automotive and Transportation
Consumer Electronics
Energy
Environment Monitoring
Healthcare
Retail
Smart Cities
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arm Limited, Commsolid GmbH (Goodix Technology (HK) Company Limited), MediaTek Inc., Qualcomm Incorporated, Sequans Communications, Sierra Wireless, Telefonaktiebolaget LM Ericsson, Telit, Texas Instruments Incorporated, Thales Group, U-Blox Holding AG and ZTE Corporation.
Key Questions Answered in This Report:
What was the size of the global cellular IoT market in 2022?
What is the expected growth rate of the global cellular IoT market during 2023-2028?
What are the key factors driving the global cellular IoT market?
What has been the impact of COVID-19 on the global cellular IoT market?
What is the breakup of the global cellular IoT market based on the component?
What is the breakup of the global cellular IoT market based on the type?
What is the breakup of the global cellular IoT market based on the end use?
What are the key regions in the global cellular IoT market?
Who are the key players/companies in the global cellular IoT market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cellular IoT Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Device Management
6.2.2.2 Signal Processing
6.2.3 Market Forecast
7 Market Breakup by Type
7.1 2G
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 3G
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 4G
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 LTE-M
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 NB-LTE-M
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 NB-IoT
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 5G
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by End Use
8.1 Agriculture
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive and Transportation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Energy
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Environment Monitoring
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Healthcare
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Retail
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Smart Cities
8.8.1 Market Trends
8.8.2 Market Forecast
8.9 Others
8.9.1 Market Trends
8.9.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Arm Limited
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Commsolid GmbH (Goodix Technology (HK) Company Limited)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 MediaTek Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Qualcomm Incorporated
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Sequans Communications
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Sierra Wireless
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Telefonaktiebolaget LM Ericsson
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Telit
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 SWOT Analysis
14.3.9 Texas Instruments Incorporated
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Thales Group
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 U-Blox Holding AG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 ZTE Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
Figure 1: Global: Cellular IoT Market: Major Drivers and Challenges
Figure 2: Global: Cellular IoT Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Cellular IoT Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Cellular IoT Market: Breakup by Component (in %), 2022
Figure 5: Global: Cellular IoT Market: Breakup by Type (in %), 2022
Figure 6: Global: Cellular IoT Market: Breakup by End Use (in %), 2022
Figure 7: Global: Cellular IoT Market: Breakup by Region (in %), 2022
Figure 8: Global: Cellular IoT (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Cellular IoT (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Cellular IoT (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Cellular IoT (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Cellular IoT (2G) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Cellular IoT (2G) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Cellular IoT (3G) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Cellular IoT (3G) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Cellular IoT (4G) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Cellular IoT (4G) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Cellular IoT (LTE-M) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Cellular IoT (LTE-M) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Cellular IoT (NB-LTE-M) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Cellular IoT (NB-LTE-M) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Cellular IoT (NB-IoT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Cellular IoT (NB-IoT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Cellular IoT (5G) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Cellular IoT (5G) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Cellular IoT (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Cellular IoT (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Cellular IoT (Automotive and Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Cellular IoT (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Cellular IoT (Consumer Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Cellular IoT (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Cellular IoT (Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Cellular IoT (Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Cellular IoT (Environment Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Cellular IoT (Environment Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Cellular IoT (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Cellular IoT (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Cellular IoT (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Cellular IoT (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Cellular IoT (Smart Cities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Cellular IoT (Smart Cities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Cellular IoT (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Cellular IoT (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia-Pacific: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia-Pacific: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Cellular IoT Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Cellular IoT Market: Breakup by Country (in %), 2022
Figure 92: Middle East and Africa: Cellular IoT Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Global: Cellular IoT Industry: SWOT Analysis
Figure 94: Global: Cellular IoT Industry: Value Chain Analysis
Figure 95: Global: Cellular IoT Industry: Porter's Five Forces Analysis
Table 1: Global: Cellular IoT Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cellular IoT Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Cellular IoT Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Cellular IoT Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Cellular IoT Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Cellular IoT Market: Competitive Structure
Table 7: Global: Cellular IoT Market: Key Players
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