Cellular IoT Network Technology Support Large-Scale… – Market.us Scoop – Market News

Table of Contents

Introduction

According to Cellular IoT Statistics, Cellular IoT utilizes standard cellular networks like 4G LTE, NB-IoT, and LTE-M to connect various devices beyond traditional smartphones and computers.

It offers robust connectivity over long distances and in remote areas where other networks may be unavailable. Making it ideal for applications requiring broad geographical coverage.

With low-power consumption options, such as NB-IoT and LTE-M. Cellular IoT supports devices that can operate for extended periods on minimal battery power.

This technology ensures secure data transmission through built-in encryption and authentication features. Which are essential for protecting sensitive information in various IoT applications across industries like smart cities, healthcare, and agriculture.

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The global cellular IoT market revenue reached USD 2.84 billion in 2023.
By 2033, the market is expected to achieve a significant total revenue of USD 19.78 billion. With software at USD 6.92 billion and hardware at USD 12.86 billion.
Significant contributions from several key players characterize the global cellular IoT market. Qualcomm Inc. leads the market with a share of 15%.
The global cellular IoT market exhibits varied regional market shares, with North America leading at 34.1%.
The cellular IoT ecosystem includes several key technologies. Such as 5G networks Massive IoT (mMTC), 5G RedCap, and 4G LTE Cat-1bis. These technologies offer various capabilities suitable for different applications.
The evolution of cellular IoT connections by segment and technology from 2017 to 2029 reveals significant trends in the adoption of various IoT technologies.
In the United States, the IoT Cybersecurity Improvement Act of 2020 sets security standards for devices used by federal agencies. California’s IoT Security Law requires manufacturers to implement reasonable security features.

Cellular IoT Market Overview

Global Cellular IoT Market Size

The global cellular IoT market has exhibited a robust growth trajectory from 2021 to 2033 at a CAGR of 21.4%, underscoring its increasing adoption and expansion.
In 2021, the market revenue stood at USD 1.93 billion.
The upward trend persisted through the next decade, with the market reaching USD 11.05 billion in 2030, USD 13.42 billion in 2031, USD 16.29 billion in 2032, and an impressive USD 19.78 billion by 2033.

Global Cellular IoT Market Size – By Component

The global cellular IoT market has demonstrated substantial growth from 2021 to 2033. With a marked increase in both software and hardware revenues.
In 2021, the total market revenue was USD 1.93 billion. Comprising USD 0.68 billion from software and USD 1.25 billion from hardware.
Finally, in 2033, the market achieved a significant total revenue of USD 19.78 billion. With software at USD 6.92 billion and hardware at USD 12.86 billion.

Competitive Landscape of the Global Cellular IoT Market

Significant contributions from several key players characterize the global cellular IoT market.
Qualcomm Inc. leads the market with a share of 15%, followed closely by ZTE Corporation at 12%.
Gemalto NV holds 11% of the market, while Mistbase Communication System and MediaTek Inc. each contribute 10% and 9%, respectively.
Sierra Wireless also commands a 9% market share, and both Commsolid GmbH and Texas Instruments each account for 8%.
The remaining 18% of the market is distributed among other key players.

Regional Analysis of the Global Cellular IoT Market

The global cellular IoT market exhibits varied regional market shares, with North America leading at 34.1%.
The Asia-Pacific (APAC) region follows closely with a 28.0% share, reflecting its rapid adoption and technological advancements.
Europe holds a significant portion of the market at 27.0%, driven by strong industrial and consumer IoT applications.
South America accounts for 7.0% of the market, while the Middle East and Africa (MEA) region represents 3.9%.

Technical Specifications of Cellular IoT

The technical specifications of cellular IoT are evolving rapidly, driven by advancements in 5G and LTE technologies.
The cellular IoT ecosystem includes several key technologies, such as 5G Massive IoT (mMTC), 5G RedCap, and 4G LTE Cat-1bis. These technologies offer various capabilities suitable for different applications.
For instance, LTE Cat 1 provides basic cellular connectivity with data rates of 10 Mbps downlink and 5 Mbps uplink, suitable for low-power, low-cost applications.
On the other hand, LTE Cat 4 supports higher data rates of 150 Mbps downlink and 50 Mbps uplink, catering to more data-intensive needs.
5G technologies are set to dominate the market with 5G Massive IoT supporting extensive device connections with low power consumption and wide coverage.
The new GSMA eSIM specifications (SGP.31 and SGP.32) enhance remote SIM provisioning. Enabling simplified global connectivity and advanced security features for IoT devices.

IoT Connections Worldwide

The projected growth of IoT connections from 2023 to 2029 underscores a significant expansion across various IoT types.
Wide-area IoT connections are expected to increase from 3.6 billion in 2023 to 7.2 billion in 2029. With a compound annual growth rate (CAGR) of 12%.
Similarly, cellular IoT connections are projected to grow from 3.4 billion to 6.7 billion over the same period, also reflecting a 12% CAGR.
Short-range IoT connections are anticipated to see the most substantial growth. Expanding from 12.1 billion in 2023 to 31.6 billion in 2029, with a robust CAGR of 17%.
Overall, the total number of IoT connections is expected to rise from 15.7 billion in 2023 to 38.8 billion by 2029, achieving a CAGR of 16%.

Active IoT Devices Statistics

Number of Internet of Things (IoT) Connections Worldwide

The number of Internet of Things (IoT) connections worldwide is projected to experience substantial growth from 2022 to 2033.
In 2022, there were 13.8 billion IoT connections globally.
This trend is expected to continue, with IoT connections reaching 34.6 billion in 2031, 37.1 billion in 2032, and ultimately 39.6 billion by 2033.

Active IoT Devices- By Region

The projected growth of active IoT devices from 2023 to 2030 shows substantial increases across various regions.
Greater China is expected to see its active IoT devices rise from 5.04 billion in 2023 to 8.57 billion by 2030, marking an increase of 3.53 billion devices or 70.04%.
Europe is projected to grow from 3.48 billion to 6.56 billion devices, a change of 3.08 billion devices or 88.51%.
North America is anticipated to experience a growth from 3.22 billion to 6.24 billion devices. Reflecting an increase of 3.02 billion devices or 93.79%.
Japan’s active IoT devices are expected to rise from 0.93 billion to 1.77 billion. An increase of 0.84 billion devices or 90.32%.
Latin America is projected to grow from 0.64 billion to 1.54 billion devices. An increase of 0.9 billion devices or 140.63%.
South Korea is expected to see its devices increase from 0.38 billion to 0.62 billion. A growth of 0.24 billion devices or 63.16%.

Worldwide Cellular IoT Connections

The evolution of cellular IoT connections by segment and technology from 2017 to 2029 reveals significant trends in the adoption of various IoT technologies.
Legacy (2G/3G) connections started at 0.6 billion in 2017, reaching a peak of 0.9 billion in 2019 and 2022 before gradually declining to 0.3 billion by 2029.
In contrast, Massive IoT (NB-IoT/Cat-M) connections began to emerge in 2019 with 0.1 billion connections, showing a consistent increase each year, reaching 2.3 billion by 2029.
Meanwhile, Broadband IoT and Critical IoT (4G/5G) connections have seen a rapid rise, starting from 0.2 billion in 2017 and growing significantly to 4.2 billion by 2029.

Cellular IoT Connections – By Type

The projected growth of cellular IoT connections from 2022 to 2033 highlights the dynamic evolution of various IoT technologies.
In 2022, 5G mMTC (massive Machine-Type Communications) connections were at 0.45 billion, expected to grow steadily to 4.48 billion by 2033, reflecting a robust adoption rate.
Similarly, 5G non-mMTC connections, which were at 0.02 billion in 2022, are anticipated to reach 1.07 billion by 2033, indicating significant growth in specialized 5G applications.
4G connections, starting at 0.79 billion in 2022, are projected to peak at 1.88 billion by 2031 before slightly declining to 1.86 billion by 2033, suggesting a plateau in 4G adoption as 5G technologies become more prevalent.
Conversely, 3G connections, which were at 0.02 billion in 2022, are expected to phase out completely by 2025.
The decline in 2G connections is also notable, from 0.32 billion in 2022 to a mere 0.04 billion by 2033, as newer technologies replace older generations.

Cellular IoT Module Statistics

Global Cellular IoT Module Shipments

In the first quarter of 2022, the global cellular IoT module shipments were predominantly led by Quectel, which held a commanding market share of 38.10%.
Following Quectel, Fibocom accounted for 8.60% of the market.
Sunsea and Telit each held shares of 5.70% and 4.60%, respectively, with China Mobile also capturing 4.60%.
Thales contributed 3.70% to the market, while MEIG and Sierra Wireless each accounted for 3.20%.
Both Ublox and Foxconn held a share of 2.20% each.
The remaining 23.90% of the market was distributed among various other vendors.

Global Cellular IoT Module Application Shipments

In the first quarter of 2022, the global cellular IoT module application shipments were led by smart meters, which accounted for 18.20% of the market share.
Point of Sale (POS) systems followed with a 12.15% share.
The industrial sector captured 8.50% of the market, while both the automotive and telematics segments each held a 7.20% share.
Router/CPE applications contributed 6.90%, and asset tracking and enterprise applications each accounted for 6.30% of the shipments.
The healthcare sector had a 5.30% share, while PCs represented 3.50% of the market.

Cellular IoT Device Shipments Statistics

The projected number of cellular IoT device shipments globally from 2017 to 2023, segmented by network technology, reveals significant trends and shifts in adoption.
In 2017, GSM/GPRS/EDGE technology dominated with 175.7 million shipments, but this number steadily declined to 62.7 million by 2023.
CDMA/EVDO technology saw a sharp decrease from 12.3 million in 2017 to zero by 2022.
WCDMA/HSPA shipments also decreased from 46.1 million in 2017 to 12.4 million in 2023.
Conversely, LTE technologies experienced substantial growth. LTE Cat 3+ shipments increased from 52.2 million in 2017 to 191.1 million by 2023.
LTE Cat -1 shipments peaked at 20.3 million in 2019 before declining to 5 million in 2023.
LTE-M technology saw a dramatic rise from 1.2 million shipments in 2017 to 185.3 million in 2023.
Similarly, NB-IoT technology exhibited exponential growth, from 21.2 million shipments in 2017 to 613.2 million in 2023.
5G NR (New Radio) technology, which began shipments in 2020 with 3 million units, is projected to reach 42.8 million shipments by 2023, indicating rapid adoption.

Regulations for Cellular IoT

Regulations for cellular IoT vary significantly by country, addressing cybersecurity, data privacy, and device safety.
In the European Union, the General Data Protection Regulation (GDPR) mandates stringent data handling procedures to protect personal information. At the same time, the Cybersecurity Act establishes a certification framework to enhance device security. The proposed Cyber Resilience Act aims to embed cybersecurity into the entire lifecycle of IoT products.
In the United States, the IoT Cybersecurity Improvement Act of 2020 sets security standards for devices used by federal agencies. California’s IoT Security Law requires manufacturers to implement reasonable security features.
In China, compliance involves several certifications, including the China Compulsory Certificate Mark (CCC) and Network Access License (NAL).

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