Cellular
IoT Market Outlook
Cellular IoT market size was valued at USD 5.6 billion in 2023 and is estimated to reach a value of USD 19 billion by 2035 with a CAGR of 10.6% during the forecast period 2024-2035.
Cellular IoT
market forecast is influenced by several factors, including the proliferation
of connected devices, advancements in cellular technology such as 5G,
increasing demand for real-time data and analytics, growing adoption of IoT
solutions across various industries, emergence of smart cities and connected
vehicles, expanding applications in healthcare and agriculture, regulatory
initiatives promoting IoT deployments, and rising investments in infrastructure
development. These factors collectively drive the growth of the cellular IoT
market, fostering innovation, efficiency, and connectivity across diverse
sectors while creating new opportunities for stakeholders in the global IoT
ecosystem.
The cellular IoT market presents a significant opportunity driven by the increasing integration of IoT devices across industries. With the proliferation of connected devices and the evolution of cellular technology, such as the rollout of 5G networks, the market is poised for substantial growth. This creates opportunities for innovative solutions in areas like smart cities, healthcare, transportation, and manufacturing, where IoT-enabled devices enhance efficiency, productivity, and sustainability. Additionally, the expanding adoption of IoT in emerging markets and the development of new applications and services further contribute to the market's potential, offering businesses the chance to capitalize on the growing demand for connected solutions.
Key
Insights
Based on
industries, cellular IoT market share is dominated by manufacturing sector with
a key stake of 22.09% in 2023. In the manufacturing sector, key trends in the
cellular IoT market include the integration of IoT devices for real-time
monitoring and predictive maintenance, improving operational efficiency and
reducing downtime. Adoption of cellular IoT enables manufacturers to enhance
supply chain visibility, streamline logistics, and implement automated
processes for inventory management and asset tracking. Additionally,
advancements in industrial automation and robotics, coupled with the deployment
of 5G networks, empower manufacturers to achieve higher levels of connectivity,
agility, and responsiveness in production environments. These trends drive
innovation and digital transformation in the manufacturing sector, paving the
way for Industry 4.0 initiatives and smart manufacturing solutions.
On the basis of
regional study, it is evident that North America holds major share within the
cellular IoT industry with a share of 44.76% in 2023. In North America, key
trends in the cellular IoT market include the widespread adoption of IoT
solutions across various industries such as smart cities, healthcare, and
transportation. The emergence of 5G technology fuels innovation, enabling
faster data transmission and lower latency, supporting advanced IoT
applications like autonomous vehicles and remote healthcare monitoring.
Moreover, the integration of IoT with edge computing enhances real-time
analytics and decision-making capabilities, driving efficiency and
competitiveness across sectors. Regulatory initiatives promoting IoT
deployments further contribute to the region's dynamic cellular IoT landscape.
Cellular IoT Market Data and Dashboard
Our marketing platform comes with an all-inclusive dashboard, giving clients valuable insights into market trends spanning several years. You can take a look at a sample image of our dashboard below, and we'll provide specific PDF logins to give you access to this insightful tool.
Market Dynamics
Need for real-time data insights and automation
The need for
real-time data insights and automation stands as a cornerstone driver in the
cellular IoT market, revolutionizing industries across the globe. Businesses
increasingly rely on instantaneous access to data for informed decision-making
and optimized operations. Cellular IoT technologies facilitate this demand by
enabling continuous monitoring and remote management of connected devices in
real-time.
In various
sectors such as manufacturing, transportation, and healthcare, the ability to
gather and analyze data in real-time offers unparalleled advantages. For
instance, in manufacturing, IoT-enabled sensors embedded in machinery can
provide insights into equipment performance and predict maintenance needs, reducing
downtime and enhancing overall efficiency. Similarly, in transportation,
real-time tracking of vehicles and shipments optimizes logistics, improves
route planning, and enhances customer satisfaction.
Automation,
another vital aspect propelled by cellular IoT, streamlines processes, reduces
manual intervention, and enhances productivity. Automated systems powered by
IoT devices can execute tasks swiftly and accurately, leading to cost savings
and operational excellence. For instance, in smart cities, automated traffic
management systems utilize IoT sensors to optimize traffic flow and minimize
congestion.
Overall, the
convergence of real-time data insights and automation through cellular IoT
empowers businesses to respond swiftly to changing conditions, anticipate
trends, and unlock new opportunities for growth and innovation in a
hyper-connected world.
Expansion of IoT
ecosystem and partnerships between industry stakeholders
The expansion of
the IoT ecosystem and partnerships between industry stakeholders play a pivotal
role in driving the growth of the cellular IoT market. As the IoT landscape
evolves, collaboration among stakeholders becomes increasingly crucial to
address complex challenges and capitalize on emerging opportunities.
Partnerships
between telecommunications companies, device manufacturers, software
developers, and solution providers are essential for creating comprehensive IoT
solutions that leverage cellular connectivity effectively. By combining
expertise and resources, these partnerships accelerate innovation, foster
interoperability, and drive standardization, ensuring seamless integration of
IoT devices and systems.
Moreover,
alliances between industry players facilitate the development of end-to-end
solutions tailored to specific verticals and use cases. For instance,
collaborations between IoT platform providers and industry experts enable the
design and deployment of customized solutions for sectors like agriculture,
healthcare, and smart cities.
Furthermore, partnerships promote ecosystem expansion by enabling access to new markets and customer segments. By leveraging existing networks and distribution channels, stakeholders can rapidly scale their offerings and extend their reach globally.
Overall, the
expansion of the IoT ecosystem and strategic partnerships enhance the value
proposition of cellular IoT solutions, driving adoption and accelerating market
growth. As industries embrace digital transformation and seek to unlock the
full potential of IoT technologies, collaborative efforts will continue to
shape the future of the cellular IoT market, fostering innovation and driving
sustainable business outcomes.
Factors |
Value |
Category |
ICT |
Pages |
400 |
Table Count |
200 |
Chart Count |
190 |
Companies Count |
30 |
Countries Count |
50 |
Report Type |
Published |
Report Region |
Global |
Largest Market |
North America |
Fastest Growing Market |
APAC |
Base Year |
2023 |
Market Size in Base Year |
5.6 Billion |
CAGR (2024-2035) |
10.60% |
Forecast Year |
2024-2035 |
Historical Year |
2019-2022 |
Market Size in 2035 |
19 billion |
Countries Covered |
U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Turkey, Israel, China, Japan, India, South Korea, Australia, SEA, Brazil, Chile, Argentina, Saudi Arabia, UAE, Qatar, South Africa, Rest of World |
Region Covered |
North America, Europe, APAC, South America, Middle East and
Africa |
Key Drivers |
Need for real-time data insights
and automation Expansion of IoT ecosystem and partnerships between industry stakeholders |
Segments Covered |
Devices & Modules, Connectivity Solution, Platform and
Software, Application and Verticals |
Market Analysis by Industries
Based on
industries, cellular IoT market is segmented into Automotive, Transportation
and logistics, Manufacturing, Agriculture, Healthcare, Energy and utilities,
Retail, Smart cities.
Manufacturing
sector dominated the industry with a value of USD 1.24 billion in 2023 and is
estimated to grow at a CAGR of 9.7% during the forecast period.
In the manufacturing sector, several key trends are driving the adoption of cellular IoT solutions, revolutionizing operations and enhancing efficiency. Firstly, there is a growing emphasis on real-time monitoring and predictive maintenance enabled by cellular IoT devices. Manufacturers are leveraging sensors embedded in machinery and equipment to collect data on performance metrics, such as temperature, vibration, and energy consumption. This data is then analyzed in real-time to detect anomalies and predict potential failures, allowing for proactive maintenance interventions and minimizing unplanned downtime.
Secondly, the integration of cellular IoT with advanced analytics and machine learning technologies is enabling manufacturers to optimize production processes and improve product quality. By harnessing data insights from IoT-enabled devices, manufacturers can identify optimization opportunities, enhance production workflows, and refine product designs.
Thirdly,
cellular IoT solutions are facilitating the implementation of smart supply
chain management practices in the manufacturing sector. From inventory tracking
and logistics optimization to demand forecasting and supplier management,
cellular IoT-enabled devices provide visibility and transparency across the
entire supply chain, enabling manufacturers to streamline operations and reduce
costs.
Lastly, the
adoption of 5G cellular technology is poised to revolutionize the manufacturing
sector by enabling ultra-low latency communication and supporting massive
machine-type communications. With 5G, manufacturers can deploy high-density networks
of IoT devices, enabling real-time control of production processes and
facilitating the implementation of autonomous manufacturing systems. Overall,
these trends underscore the transformative impact of cellular IoT on the
manufacturing sector, driving innovation, efficiency, and competitiveness.
Segments |
Values |
By Devices
and Modules |
·
Cellular IoT modules ·
Cellular IoT-enabled devices
(e.g., sensors, trackers, meters) |
By Connectivity
Solutions |
·
Cellular IoT connectivity
services (e.g., SIM cards, data plans) ·
Managed connectivity
solutions |
By Platform
and Software |
·
IoT platforms for managing
cellular IoT devices and data ·
Application enablement
platforms (AEPs) ·
Device management software |
By Application |
·
Smart cities and
infrastructure ·
Industrial IoT (IIoT) and
automation ·
Agriculture and environmental
monitoring ·
Healthcare and medical
devices ·
Asset tracking and logistics ·
Smart homes and consumer
electronics |
Market Analysis by Region
Cellular IoT
market analysis includes the statistics of major geographies such as North
America, Europe, Asia Pacific, South America and MEA.
In terms of Cellular IoT market statistics, North America acquired a market value of USD 2.50 billion in 2023 and is estimated to reach a value of USD 8.59 billion by 2035 with a CAGR of 10.7% during the forecast period.
In North
America, the cellular IoT market is experiencing several key trends that are
reshaping industries and driving innovation. Firstly, the deployment of 5G
networks is revolutionizing connectivity by providing faster speeds, lower
latency, and greater capacity, unlocking new possibilities for cellular IoT
applications. This enables real-time data transmission and supports
bandwidth-intensive IoT use cases such as autonomous vehicles, smart cities,
and industrial automation.
Secondly, there
is a growing focus on edge computing in conjunction with cellular IoT, enabling
data processing and analytics to occur closer to the source of data generation.
This reduces latency, enhances privacy and security, and enables faster
decision-making, particularly in mission-critical applications like healthcare
and transportation.
Thirdly,
industries in North America are increasingly leveraging cellular IoT for remote
monitoring and predictive maintenance of assets and infrastructure. From
manufacturing plants to oil rigs, IoT sensors connected via cellular networks
provide real-time insights into equipment health and performance, enabling
proactive maintenance to minimize downtime and optimize operations.
Additionally,
there is a rising demand for IoT solutions in smart cities and environmental
monitoring initiatives to address challenges such as air quality, traffic
congestion, and energy management. Cellular IoT enables the deployment of
sensors and actuators across urban areas, facilitating data-driven
decision-making and enhancing quality of life.
Overall, these trends underscore the transformative impact of cellular IoT in North America, driving digital transformation, economic growth, and sustainable development across various sectors.
In the Asia-Pacific (APAC) region, the cellular IoT market is experiencing significant growth driven by several key trends. Firstly, there is a rapid adoption of IoT solutions across industries such as manufacturing, agriculture, and transportation, fueled by the region's large population, expanding middle class, and burgeoning urbanization.
Secondly, the
proliferation of low-cost IoT devices and connectivity solutions is
democratizing access to IoT technology, particularly in emerging markets like
India, China, and Southeast Asia. This is enabling small and medium-sized
enterprises (SMEs) to leverage cellular IoT for business optimization and
innovation.
Thirdly, there
is a strong emphasis on smart city initiatives and urban infrastructure
development in APAC countries, driving the deployment of IoT-enabled systems
for public services, traffic management, and environmental monitoring.
Additionally,
the ongoing rollout of 5G networks across the region is poised to accelerate
the adoption of cellular IoT, enabling faster data transmission, lower latency,
and support for a wide range of IoT applications, from connected vehicles to
industrial automation.
Overall, these
trends highlight the immense potential of cellular IoT in APAC, driving
economic growth, digital transformation, and societal progress across the
region.
Competitive Landscape
Key companies operating within the Cellular IoT market
are: Quectel, Thales Group, Fibocom Wireless, Telit
Communication, U Blox Holdings, Sierra Wireless, Qualcomm, Mediatek, Unisoc
Technologies, Altair Semiconductor, Intel, Nordic Semiconductors, Murata
Manufacturing, Analog Devices, Qorvo, AT &T
Recent Development:
Sierra Wireless
introduced the HL7845 Module in April 2021, featuring support for the 450 MHz
wireless spectrum. This module is specifically tailored to address the IoT
connectivity requirements of utilities operating in Europe.
During the
Mobile World Congress Shanghai (MWC-S21) in March 2021, Fibocom unveiled its
latest generation of 5G NR modules compliant with the 3GPP R16 standard. This
launch includes the FM150 and FG160 series for the sub-6 GHz frequency range,
as well as the FM160W and FG160W series for the mmWave range.
Quectel launched
its second-generation RG520-F and RG520-N 5G IoT modules in February 2021,
aligning with the 3GPP Release 16 standards. These modules support various
bands including sub-6GHz, Time Division Duplex (TDD), Frequency Division Duplex
(FDD), and Carrier Aggregation (CA).
Also in February 2021, Fibocom collaborated with Deutsche Telekom and Redtea to introduce high-quality nuSIM IoT modules, aimed at providing commercial-ready solutions in the IoT space.
1.    Â
Global
Cellular IoT Market Introduction and Market Overview
1.1.   Objectives of the Study
1.2.   Global Cellular IoT Market Scope
and Market Estimation
1.2.1. Global Cellular IoT Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2024 - 2035)
1.2.2. Global Cellular IoT Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2035
1.3.   Market Segmentation
1.3.1. By Devices and Modules
1.3.2. By Connectivity Solutions
1.3.3. By Platform and Software
1.3.4. By Application & Use Case
1.3.5. By Industries
2.    Â
Executive Summary
2.1.   Market Dynamics
2.1.1. Drivers
2.1.2. Limitations
2.1.3. Opportunities
2.1.4. Impact Analysis of Drivers and
Restraints
2.2.   Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.3.   Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.4.   Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitutes
2.4.4. Threat of New Entrants
2.4.5. Competitive Rivalry
2.5.   Value Chain / Ecosystem Analysis
2.6.   Patent Analysis
2.7.   Case Study Analysis
2.8.   Economic Downturn Analysis
2.9.   Production Analysis and Capacity
2.10. Market Investment Opportunity Analysis
(Top Investment Pockets), By Segments & By Region
3.    Â
Global Cellular IoT Market Estimates & Historical Trend Analysis (2019 -
2022)
4.    Â
Global Cellular IoT Market Estimates & Forecast Trend Analysis, by
Devices and Modules
4.1.   Global Cellular IoT Market Revenue
(US$ Mn) Estimates and Forecasts, by Devices and Modules, 2019 to 2035
4.1.1. Cellular IoT modules
4.1.2. Cellular IoT-enabled devices
(e.g., sensors, trackers, meters)
5.    Â
Global Cellular IoT Market Estimates & Forecast Trend Analysis, by
Connectivity Solutions
5.1.   Global Cellular IoT Market Revenue
(US$ Mn) Estimates and Forecasts, by Connectivity Solutions, 2019 to 2035
5.1.1. Cellular IoT connectivity
services (e.g., SIM cards, data plans)
5.1.2. Managed connectivity solutions
6.    Â
Global Cellular IoT Market Estimates & Forecast Trend Analysis, by
Platform and Software
6.1.   Global Cellular IoT Market Revenue
(US$ Mn) Estimates and Forecasts, by Platform and Software, 2019 to 2035
6.1.1. IoT platforms for managing
cellular IoT devices and data
6.1.2. Application enablement platforms
(AEPs)
6.1.3. Device management software
7.    Â
Global Cellular IoT Market Estimates & Forecast Trend Analysis, by
Application & Use Cases
7.1.   Global Cellular IoT Market Revenue
(US$ Mn) Estimates and Forecasts, by Application & Use Cases, 2019 to 2035
7.1.1. Smart cities and infrastructure
7.1.2. Industrial IoT (IIoT) and
automation
7.1.3. Agriculture and environmental
monitoring
7.1.4. Healthcare and medical devices
7.1.5. Asset tracking and logistics
7.1.6. Smart homes and consumer
electronics
8.    Â
Global Cellular IoT Market Estimates & Forecast Trend Analysis, by
Vertical Industries
8.1.   Global Cellular IoT Market Revenue
(US$ Mn) Estimates and Forecasts, by Vertical Industries, 2019 to 2035
8.1.1. Automotive
8.1.2. Transportation and logistics
8.1.3. Manufacturing
8.1.4. Agriculture
8.1.5. Healthcare
8.1.6. Energy and utilities
8.1.7. Retail
8.1.8. Smart cities
9.    Â
Global Cellular IoT Market Estimates & Forecast Trend Analysis,
by Region
9.1.  Â
Global
Cellular IoT Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019
to 2035
9.1.1. North America
9.1.2. Europe
9.1.3. Asia Pacific
9.1.4. Middle East & Africa
9.1.5. South America
10. North America Cellular
IoT Market: Estimates & Forecast
Trend Analysis
10.1.    Â
North
America Cellular IoT Market Assessments & Key Findings
10.1.1.  North America Cellular IoT
Market Introduction
10.1.2.  North America Cellular IoT
Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
10.1.2.1.   By Devices and
Modules
10.1.2.2.   By Connectivity
Solutions
10.1.2.3.   By Platform and
Software
10.1.2.4.   By Application
& Use Case
10.1.2.5.   By Industries
10.1.2.6.   By Country
10.1.2.6.1. The U.S.
10.1.2.6.1.1. Â
By Devices and Modules
10.1.2.6.1.2. Â
By Connectivity Solutions
10.1.2.6.1.3. Â
By Platform and Software
10.1.2.6.1.4. Â
By Application & Use Case
10.1.2.6.1.5. Â
By Industries
10.1.2.6.2. Canada
10.1.2.6.2.1. Â
By Devices and Modules
10.1.2.6.2.2. Â
By Connectivity Solutions
10.1.2.6.2.3. Â
By Platform and Software
10.1.2.6.2.4. Â
By Application & Use Case
10.1.2.6.2.5. Â
By Industries
10.1.2.6.3. Mexico
10.1.2.6.3.1. Â
By Devices and Modules
10.1.2.6.3.2. Â
By Connectivity Solutions
10.1.2.6.3.3. Â
By Platform and Software
10.1.2.6.3.4. Â
By Application & Use Case
10.1.2.6.3.5. Â
By Industries
11. Europe Cellular
IoT Market: Estimates & Forecast
Trend Analysis
11.1. Europe Cellular IoT Market
Assessments & Key Findings
11.1.1.  Europe Cellular IoT Market
Introduction
11.1.2.  Europe Cellular IoT Market Size
Estimates and Forecast (US$ Million) (2019 - 2035)
11.1.2.1.   By Devices and
Modules
11.1.2.2.   By Connectivity Solutions
11.1.2.3.   By Platform and
Software
11.1.2.4.   By Application
& Use Case
11.1.2.5.   By Industries
11.1.2.6.   By Country
11.1.2.6.1. Germany
11.1.2.6.1.1.By
Devices and Modules
11.1.2.6.1.2.By
Connectivity Solutions
11.1.2.6.1.3.By
Platform and Software
11.1.2.6.1.4.By
Application & Use Case
11.1.2.6.1.5.By
Industries
11.1.2.6.2. U.K.
11.1.2.6.2.1.By
Devices and Modules
11.1.2.6.2.2.By
Connectivity Solutions
11.1.2.6.2.3.By
Platform and Software
11.1.2.6.2.4.By
Application & Use Case
11.1.2.6.2.5.By
Industries
11.1.2.6.3. France
11.1.2.6.3.1. Â
By Devices and Modules
11.1.2.6.3.2. Â
By Connectivity Solutions
11.1.2.6.3.3. Â
By Platform and Software
11.1.2.6.3.4. Â
By Application & Use Case
11.1.2.6.3.5. Â
By Industries
11.1.2.6.4. Italy
11.1.2.6.4.1. Â
By Devices and Modules
11.1.2.6.4.2. Â
By Connectivity Solutions
11.1.2.6.4.3. Â
By Platform and Software
11.1.2.6.4.4. Â
By Application & Use Case
11.1.2.6.4.5. Â
By Industries
11.1.2.6.5. Spain
11.1.2.6.5.1. Â
By Devices and Modules
11.1.2.6.5.2. Â
By Connectivity Solutions
11.1.2.6.5.3. Â
By Platform and Software
11.1.2.6.5.4. Â
By Application & Use Case
11.1.2.6.5.5. Â
By Industries
11.1.2.6.6. Russia
11.1.2.6.6.1. Â
By Devices and Modules
11.1.2.6.6.2. Â
By Connectivity Solutions
11.1.2.6.6.3. Â
By Platform and Software
11.1.2.6.6.4. Â
By Application & Use Case
11.1.2.6.6.5. Â
By Industries
11.1.2.6.7. Rest of Europe
11.1.2.6.7.1. Â
By Devices and Modules
11.1.2.6.7.2. Â
By Connectivity Solutions
11.1.2.6.7.3. Â
By Platform and Software
11.1.2.6.7.4. Â
By Application & Use Case
11.1.2.6.7.5. Â
By Industries
12. Asia Pacific Cellular
IoT Market: Estimates & Forecast
Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1.  Asia Pacific Cellular IoT Market
Introduction
12.1.2.  Asia Pacific Cellular IoT Market
Size Estimates and Forecast (US$ Million) (2019 - 2035)
12.1.2.1.   By Devices and
Modules
12.1.2.2.   By Connectivity
Solutions
12.1.2.3.   By Platform and
Software
12.1.2.4.   By Application
& Use Case
12.1.2.5.   By Industries
12.1.2.6.   By Country
12.1.2.6.1. China
12.1.2.6.1.1. Â
By Devices and Modules
12.1.2.6.1.2. Â
By Connectivity Solutions
12.1.2.6.1.3. Â
By Platform and Software
12.1.2.6.1.4. Â
By Application & Use Case
12.1.2.6.1.5. Â
By Industries
12.1.2.6.2. Japan
12.1.2.6.2.1. Â
By Devices and Modules
12.1.2.6.2.2. Â
By Connectivity Solutions
12.1.2.6.2.3. Â
By Platform and Software
12.1.2.6.2.4. Â
By Application & Use Case
12.1.2.6.2.5. Â
By Industries
12.1.2.6.3. India
12.1.2.6.3.1. Â
By Devices and Modules
12.1.2.6.3.2. Â
By Connectivity Solutions
12.1.2.6.3.3. Â
By Platform and Software
12.1.2.6.3.4. Â
By Application & Use Case
12.1.2.6.3.5. Â
By Industries
12.1.2.6.4. Australia
12.1.2.6.4.1. Â
By Devices and Modules
12.1.2.6.4.2. Â
By Connectivity Solutions
12.1.2.6.4.3. Â
By Platform and Software
12.1.2.6.4.4. Â
By Application & Use Case
12.1.2.6.4.5. Â
By Industries
12.1.2.6.5. South Korea
12.1.2.6.5.1. Â
By Devices and Modules
12.1.2.6.5.2. Â
By Connectivity Solutions
12.1.2.6.5.3. Â
By Platform and Software
12.1.2.6.5.4. Â
By Application & Use Case
12.1.2.6.5.5. Â
By Industries
12.1.2.6.5.6.  Â
12.1.2.6.6. ASEAN
12.1.2.6.6.1. Â
By Devices and Modules
12.1.2.6.6.2. Â
By Connectivity Solutions
12.1.2.6.6.3. Â
By Platform and Software
12.1.2.6.6.4. Â
By Application & Use Case
12.1.2.6.6.5. Â
By Industries
12.1.2.6.7. Rest of Asia Pacific
12.1.2.6.7.1. Â
By Devices and Modules
12.1.2.6.7.2. Â
By Connectivity Solutions
12.1.2.6.7.3. Â
By Platform and Software
12.1.2.6.7.4. Â
By Application & Use Case
12.1.2.6.7.5. Â
By Industries
13. Middle East & Africa Cellular
IoT Market: Estimates & Forecast
Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1.  Middle
East & Africa Cellular
IoT Market Introduction
13.1.2.  Middle
East & Africa Cellular
IoT Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
13.1.2.1.   By Devices and
Modules
13.1.2.2.   By Connectivity
Solutions
13.1.2.3.   By Platform and Software
13.1.2.4.   By Application
& Use Case
13.1.2.5.   By Industries
13.1.2.6.   By Country
13.1.2.6.1. U.A.E.
13.1.2.6.1.1. Â
Patient Monitoring Systems
13.1.2.6.1.2. Â
By Devices and Modules
13.1.2.6.1.3. Â
By Connectivity Solutions
13.1.2.6.1.4. Â
By Platform and Software
13.1.2.6.1.5. Â
By Application & Use Case
13.1.2.6.1.6. Â
By Industries
13.1.2.6.2. Saudi Arabia
13.1.2.6.2.1. Â
By Devices and Modules
13.1.2.6.2.2. Â
By Connectivity Solutions
13.1.2.6.2.3. Â
By Platform and Software
13.1.2.6.2.4. Â
By Application & Use Case
13.1.2.6.2.5. Â
By Industries
13.1.2.6.3. Egypt
13.1.2.6.3.1. Â
By Devices and Modules
13.1.2.6.3.2. Â
By Connectivity Solutions
13.1.2.6.3.3. Â
By Platform and Software
13.1.2.6.3.4. Â
By Application & Use Case
13.1.2.6.3.5. Â
By Industries
13.1.2.6.4. South Africa
13.1.2.6.4.1. Â
By Devices and Modules
13.1.2.6.4.2. Â
By Connectivity Solutions
13.1.2.6.4.3. Â
By Platform and Software
13.1.2.6.4.4. Â
By Application & Use Case
13.1.2.6.4.5. Â
By Industries
13.1.2.6.5. Rest of Middle East & Africa
13.1.2.6.5.1. Â
By Devices and Modules
13.1.2.6.5.2. Â
By Connectivity Solutions
13.1.2.6.5.3. Â
By Platform and Software
13.1.2.6.5.4. Â
By Application & Use Case
13.1.2.6.5.5. Â
By Industries
14. South America
Cellular IoT Market: Estimates &
Forecast Trend Analysis
14.1. South America Market Assessments
& Key Findings
14.1.1.  South America Cellular IoT
Market Introduction
14.1.2.  South America Cellular IoT
Market Size Estimates and Forecast (US$ Million) (2019 - 2035)
14.1.2.1.   By Devices and
Modules
14.1.2.2.   By Connectivity
Solutions
14.1.2.3.   By Platform and
Software
14.1.2.4.   By Application
& Use Case
14.1.2.5.   By Industries
14.1.2.6.   By Country
14.1.2.6.1. Brazil
14.1.2.6.1.1. Â
By Devices and Modules
14.1.2.6.1.2. Â
By Connectivity Solutions
14.1.2.6.1.3. Â
By Platform and Software
14.1.2.6.1.4. Â
By Application & Use Case
14.1.2.6.1.5. Â
By Industries
14.1.2.6.2. Argentina
14.1.2.6.2.1. Â
By Devices and Modules
14.1.2.6.2.2. Â
By Connectivity Solutions
14.1.2.6.2.3. Â
By Platform and Software
14.1.2.6.2.4. Â
By Application & Use Case
14.1.2.6.2.5. Â
By Industries
14.1.2.6.3. Colombia
14.1.2.6.3.1. Â
By Devices and Modules
14.1.2.6.3.2. Â
By Connectivity Solutions
14.1.2.6.3.3. Â
By Platform and Software
14.1.2.6.3.4. Â
By Application & Use Case
14.1.2.6.3.5. Â
By Industries
14.1.2.6.4. Rest of South America
14.1.2.6.4.1. Â
By Devices and Modules
14.1.2.6.4.2. Â
By Connectivity Solutions
14.1.2.6.4.3. Â
By Platform and Software
14.1.2.6.4.4. Â
By Application & Use Case
14.1.2.6.4.5. Â
By Industries
15. Competition Landscape
15.1. Global Cellular IoT Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
15.2. Global Cellular IoT Market
Competition White Space Analysis, By Application
15.3. Global Cellular IoT Market
Competition Heat Map Analysis, By End Use
15.4. Global Cellular IoT Market
Concentration & Company Market Shares (%) Analysis, 2023
16. Company Profiles
16.1.  Quectel
16.1.1.  Company Overview & Key Stats
16.1.2.  Financial Performance & KPIs
16.1.3.  Sales Channel Portfolio
16.1.4.  Business Strategy & Recent
Developments
16.1.5.  Technology and Pricing
16.1.6.  Key Suppliers
* Similar details would be provided
for all the players mentioned belowÂ
16.2.     Thales Group
16.3.     Fibocom
Wireless
16.4.     Telit Communication
16.5.     U Blox
Holdings
16.6.     Sierra
Wireless
16.7.     Qualcomm
16.8.     Mediatek
16.9.     Unisoc
Technologies
16.10. Altair
Semiconductor
16.11. Intel
16.12. Nordic
Semiconductors
16.13. Murata
Manufacturing
16.14. Analog Devices
16.15. Qorvo
16.16. AT &T
16.17. Others
17. Research
Methodology
17.1. External Transportations /
Databases
17.2. Internal Proprietary Database
17.3. Primary Research
17.4. Secondary Research
17.5. Assumptions
17.6. Limitations
17.7. Report FAQs
18. Research Findings & Conclusion
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Cellular IoT market size was valued at USD 5.6 billion in 2023 and is estimated to reach a value of USD 19 billion by 2035 with a CAGR of 10.6% during the forecast period 2024-2035
North America dominated the cellular IoT market in 2023 with a market value of 2.50 billion.
Key companies operating within the Cellular IoT market are: Quectel, Thales Group, Fibocom Wireless, Telit Communication, U Blox Holdings, Sierra Wireless, Qualcomm, Mediatek, Unisoc Technologies, Altair Semiconductor, Intel, Nordic Semiconductors, Murata Manufacturing, Analog Devices, Qorvo, AT &T.
Only Three Thousand Four Hundred Ninety Nine US dollar
Only Four Thousand Four Hundred Ninety Nine US dollar
Only Five Thousand Four Hundred Ninety Nine US dollar