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Cellular IoT-Global Market Insights and Sales Trends 2025
Synopsis
Cellular IoT is a Low Power Wide Area Network (LPWAN) radio technology standard developed to enable a wide range of devices and services to be connected using cellular telecommunications bands.
The global Cellular IoT market size is expected to reach US$ 2930.1 million by 2029, growing at a CAGR of 7.0% from 2023 to 2029. The market is mainly driven by the significant applications of Cellular IoT in various end use industries. The expanding demands from the Agriculture, Environmental Monitoring, Automotive & Transportation and Energy, are propelling Cellular IoT market. 2G, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 3G segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Cellular IoT, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Cellular IoT market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Cellular IoT market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cellular IoT sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Cellular IoT covered in this report include Qualcomm Inc., Sierra Wireless, Gemalto NV, Telit Communications PLC, U–Blox Holding AG, ZTE Corporation, Sequans Communication, Mediatek Inc. and Murata, etc.
The global Cellular IoT market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Qualcomm Inc.
Sierra Wireless
Gemalto NV
Telit Communications PLC
U–Blox Holding AG
ZTE Corporation
Sequans Communication
Mediatek Inc.
Murata
Digi
Fibocom
GosuncnWelink
Multi-Tech Systems Inc
Neowa
Nordic Semiconductor
Pycom
Quectel
Sercomm
Shanghai Yuge Information Technology
SIMCom
Global Cellular IoT market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Cellular IoT market, Segment by Type:
2G
3G
4G
LTE
NB–IoT
5G
Others
Global Cellular IoT market, by Application
Agriculture
Environmental Monitoring
Automotive & Transportation
Energy
HealthCare
Manufacturing
Retail
Smart City
Consumer Electronics
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Cellular IoT companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Cellular IoT is a Low Power Wide Area Network (LPWAN) radio technology standard developed to enable a wide range of devices and services to be connected using cellular telecommunications bands.
The global Cellular IoT market size is expected to reach US$ 2930.1 million by 2029, growing at a CAGR of 7.0% from 2023 to 2029. The market is mainly driven by the significant applications of Cellular IoT in various end use industries. The expanding demands from the Agriculture, Environmental Monitoring, Automotive & Transportation and Energy, are propelling Cellular IoT market. 2G, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 3G segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Cellular IoT, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Cellular IoT market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Cellular IoT market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cellular IoT sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Cellular IoT covered in this report include Qualcomm Inc., Sierra Wireless, Gemalto NV, Telit Communications PLC, U–Blox Holding AG, ZTE Corporation, Sequans Communication, Mediatek Inc. and Murata, etc.
The global Cellular IoT market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Qualcomm Inc.
Sierra Wireless
Gemalto NV
Telit Communications PLC
U–Blox Holding AG
ZTE Corporation
Sequans Communication
Mediatek Inc.
Murata
Digi
Fibocom
GosuncnWelink
Multi-Tech Systems Inc
Neowa
Nordic Semiconductor
Pycom
Quectel
Sercomm
Shanghai Yuge Information Technology
SIMCom
Global Cellular IoT market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Cellular IoT market, Segment by Type:
2G
3G
4G
LTE
NB–IoT
5G
Others
Global Cellular IoT market, by Application
Agriculture
Environmental Monitoring
Automotive & Transportation
Energy
HealthCare
Manufacturing
Retail
Smart City
Consumer Electronics
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Cellular IoT companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Cellular IoT
1.1 Cellular IoT Market Overview
1.1.1 Cellular IoT Product Scope
1.1.2 Cellular IoT Market Status and Outlook
1.2 Global Cellular IoT Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Cellular IoT Market Size by Region (2018-2029)
1.4 Global Cellular IoT Historic Market Size by Region (2018-2023)
1.5 Global Cellular IoT Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Cellular IoT Market Size (2018-2029)
1.6.1 North America Cellular IoT Market Size (2018-2029)
1.6.2 Europe Cellular IoT Market Size (2018-2029)
1.6.3 Asia-Pacific Cellular IoT Market Size (2018-2029)
1.6.4 Latin America Cellular IoT Market Size (2018-2029)
1.6.5 Middle East & Africa Cellular IoT Market Size (2018-2029)
2 Cellular IoT Market by Type
2.1 Introduction
2.1.1 2G
2.1.2 3G
2.1.3 4G
2.1.4 LTE
2.1.5 NB–IoT
2.1.6 5G
2.1.7 Others
2.2 Global Cellular IoT Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Cellular IoT Historic Market Size by Type (2018-2023)
2.2.2 Global Cellular IoT Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Cellular IoT Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Cellular IoT Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Cellular IoT Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Cellular IoT Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Cellular IoT Revenue Breakdown by Type (2018-2029)
3 Cellular IoT Market Overview by Application
3.1 Introduction
3.1.1 Agriculture
3.1.2 Environmental Monitoring
3.1.3 Automotive & Transportation
3.1.4 Energy
3.1.5 HealthCare
3.1.6 Manufacturing
3.1.7 Retail
3.1.8 Smart City
3.1.9 Consumer Electronics
3.2 Global Cellular IoT Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Cellular IoT Historic Market Size by Application (2018-2023)
3.2.2 Global Cellular IoT Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Cellular IoT Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Cellular IoT Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Cellular IoT Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Cellular IoT Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Cellular IoT Revenue Breakdown by Application (2018-2029)
4 Cellular IoT Competition Analysis by Players
4.1 Global Cellular IoT Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Cellular IoT as of 2022)
4.3 Date of Key Players Enter into Cellular IoT Market
4.4 Global Top Players Cellular IoT Headquarters and Area Served
4.5 Key Players Cellular IoT Product Solution and Service
4.6 Competitive Status
4.6.1 Cellular IoT Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Qualcomm Inc.
5.1.1 Qualcomm Inc. Profile
5.1.2 Qualcomm Inc. Main Business
5.1.3 Qualcomm Inc. Cellular IoT Products, Services and Solutions
5.1.4 Qualcomm Inc. Cellular IoT Revenue (US$ Million) & (2018-2023)
5.1.5 Qualcomm Inc. Recent Developments
5.2 Sierra Wireless
5.2.1 Sierra Wireless Profile
5.2.2 Sierra Wireless Main Business
5.2.3 Sierra Wireless Cellular IoT Products, Services and Solutions
5.2.4 Sierra Wireless Cellular IoT Revenue (US$ Million) & (2018-2023)
5.2.5 Sierra Wireless Recent Developments
5.3 Gemalto NV
5.3.1 Gemalto NV Profile
5.3.2 Gemalto NV Main Business
5.3.3 Gemalto NV Cellular IoT Products, Services and Solutions
5.3.4 Gemalto NV Cellular IoT Revenue (US$ Million) & (2018-2023)
5.3.5 Telit Communications PLC Recent Developments
5.4 Telit Communications PLC
5.4.1 Telit Communications PLC Profile
5.4.2 Telit Communications PLC Main Business
5.4.3 Telit Communications PLC Cellular IoT Products, Services and Solutions
5.4.4 Telit Communications PLC Cellular IoT Revenue (US$ Million) & (2018-2023)
5.4.5 Telit Communications PLC Recent Developments
5.5 U–Blox Holding AG
5.5.1 U–Blox Holding AG Profile
5.5.2 U–Blox Holding AG Main Business
5.5.3 U–Blox Holding AG Cellular IoT Products, Services and Solutions
5.5.4 U–Blox Holding AG Cellular IoT Revenue (US$ Million) & (2018-2023)
5.5.5 U–Blox Holding AG Recent Developments
5.6 ZTE Corporation
5.6.1 ZTE Corporation Profile
5.6.2 ZTE Corporation Main Business
5.6.3 ZTE Corporation Cellular IoT Products, Services and Solutions
5.6.4 ZTE Corporation Cellular IoT Revenue (US$ Million) & (2018-2023)
5.6.5 ZTE Corporation Recent Developments
5.7 Sequans Communication
5.7.1 Sequans Communication Profile
5.7.2 Sequans Communication Main Business
5.7.3 Sequans Communication Cellular IoT Products, Services and Solutions
5.7.4 Sequans Communication Cellular IoT Revenue (US$ Million) & (2018-2023)
5.7.5 Sequans Communication Recent Developments
5.8 Mediatek Inc.
5.8.1 Mediatek Inc. Profile
5.8.2 Mediatek Inc. Main Business
5.8.3 Mediatek Inc. Cellular IoT Products, Services and Solutions
5.8.4 Mediatek Inc. Cellular IoT Revenue (US$ Million) & (2018-2023)
5.8.5 Mediatek Inc. Recent Developments
5.9 Murata
5.9.1 Murata Profile
5.9.2 Murata Main Business
5.9.3 Murata Cellular IoT Products, Services and Solutions
5.9.4 Murata Cellular IoT Revenue (US$ Million) & (2018-2023)
5.9.5 Murata Recent Developments
5.10 Digi
5.10.1 Digi Profile
5.10.2 Digi Main Business
5.10.3 Digi Cellular IoT Products, Services and Solutions
5.10.4 Digi Cellular IoT Revenue (US$ Million) & (2018-2023)
5.10.5 Digi Recent Developments
5.11 Fibocom
5.11.1 Fibocom Profile
5.11.2 Fibocom Main Business
5.11.3 Fibocom Cellular IoT Products, Services and Solutions
5.11.4 Fibocom Cellular IoT Revenue (US$ Million) & (2018-2023)
5.11.5 Fibocom Recent Developments
5.12 GosuncnWelink
5.12.1 GosuncnWelink Profile
5.12.2 GosuncnWelink Main Business
5.12.3 GosuncnWelink Cellular IoT Products, Services and Solutions
5.12.4 GosuncnWelink Cellular IoT Revenue (US$ Million) & (2018-2023)
5.12.5 GosuncnWelink Recent Developments
5.13 Multi-Tech Systems Inc
5.13.1 Multi-Tech Systems Inc Profile
5.13.2 Multi-Tech Systems Inc Main Business
5.13.3 Multi-Tech Systems Inc Cellular IoT Products, Services and Solutions
5.13.4 Multi-Tech Systems Inc Cellular IoT Revenue (US$ Million) & (2018-2023)
5.13.5 Multi-Tech Systems Inc Recent Developments
5.14 Neowa
5.14.1 Neowa Profile
5.14.2 Neowa Main Business
5.14.3 Neowa Cellular IoT Products, Services and Solutions
5.14.4 Neowa Cellular IoT Revenue (US$ Million) & (2018-2023)
5.14.5 Neowa Recent Developments
5.15 Nordic Semiconductor
5.15.1 Nordic Semiconductor Profile
5.15.2 Nordic Semiconductor Main Business
5.15.3 Nordic Semiconductor Cellular IoT Products, Services and Solutions
5.15.4 Nordic Semiconductor Cellular IoT Revenue (US$ Million) & (2018-2023)
5.15.5 Nordic Semiconductor Recent Developments
5.16 Pycom
5.16.1 Pycom Profile
5.16.2 Pycom Main Business
5.16.3 Pycom Cellular IoT Products, Services and Solutions
5.16.4 Pycom Cellular IoT Revenue (US$ Million) & (2018-2023)
5.16.5 Pycom Recent Developments
5.17 Quectel
5.17.1 Quectel Profile
5.17.2 Quectel Main Business
5.17.3 Quectel Cellular IoT Products, Services and Solutions
5.17.4 Quectel Cellular IoT Revenue (US$ Million) & (2018-2023)
5.17.5 Quectel Recent Developments
5.18 Sercomm
5.18.1 Sercomm Profile
5.18.2 Sercomm Main Business
5.18.3 Sercomm Cellular IoT Products, Services and Solutions
5.18.4 Sercomm Cellular IoT Revenue (US$ Million) & (2018-2023)
5.18.5 Sercomm Recent Developments
5.19 Shanghai Yuge Information Technology
5.19.1 Shanghai Yuge Information Technology Profile
5.19.2 Shanghai Yuge Information Technology Main Business
5.19.3 Shanghai Yuge Information Technology Cellular IoT Products, Services and Solutions
5.19.4 Shanghai Yuge Information Technology Cellular IoT Revenue (US$ Million) & (2018-2023)
5.19.5 Shanghai Yuge Information Technology Recent Developments
5.20 SIMCom
5.20.1 SIMCom Profile
5.20.2 SIMCom Main Business
5.20.3 SIMCom Cellular IoT Products, Services and Solutions
5.20.4 SIMCom Cellular IoT Revenue (US$ Million) & (2018-2023)
5.20.5 SIMCom Recent Developments
6 North America
6.1 North America Cellular IoT Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Cellular IoT Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Cellular IoT Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Cellular IoT Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Cellular IoT Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Cellular IoT Market Dynamics
11.1 Cellular IoT Industry Trends
11.2 Cellular IoT Market Drivers
11.3 Cellular IoT Market Challenges
11.4 Cellular IoT Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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