Cellular IoT module & chipset market 2023: 18% decline due to destocking and softening demand in key segments
Key insights In 2023, shipments for global cellular IoT modules and their corresponding chipsets are expected to drop approximately 18% year-over-year, according to IoT Analytics’ latest market tracker and forecast. Economic challenges and geopolitical concerns have...
Cellular IoT module market Q2 2023: 66% of IoT modules shipped without dedicated hardware security
In short The cellular IoT module market was stagnant in Q2’23 according to IoT Analytics latest data. Although IoT modules with dedicated security features are increasingly adopted, 66% of IoT modules shipped in Q2’23 had no dedicated hardware security and 29% had no...
Entering the new age of cellular IoT: eSIM/iSIM market to surpass 500 million units in 2023
In short: eSIM/iSIM is transforming the dynamics of the cellular IoT market, offering increased flexibility, reduced provisioning time, smaller form factor, enhanced security, and sustainability. The eSIM/iSIM IoT market is poised to surpass the 500-million-units mark...
Global cellular IoT module market declined 6% in Q1 2023 in a weakening demand environment
Key insights In Q1 2023, global cellular IoT module revenue declined 6% YoY; shipments declined 16%. The key reasons for the decline are: 1. Cautious end-user spending; 2. Inventory reductions; and 3. Chip supply issues. The top five cellular IoT module...