Structured nested market database
Discover in-depth data on global IoT module and chipset
- In-depth look at the quarterly market for cellular IoT modules and chipsets.
- Includes over 6.9 million data points, that allow for detailed drill-down options per region, technology, industry, and company.
- The tracker gets updated with the most recent data every quarter.
What is included
The tracker & forecast includes these global data points
- 40 cellular IoT module brands
- 13 cellular IoT chipset companies
- 10 regions
- 10 technology splits
- 16 industry verticals
- 150 unique model-level chipsets
- 737 unique model-level modules
The accompanying interactive web tool
Discover the Global Cellular Module and Chipset Dashboard
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The update process
How we update the data
Constant monitoring
Industry-level forecasts
based on revenue estimates of chipset vendors, module manufacturers, and network operations.
Numerous interviews
with senior IoT experts from chipset vendors, module manufacturers, and network operations.
Integrating financial and operational data modeling
from model level to brand, technology, and region.
faq
Frequently asked questions
Tracker & Forecast
Does this tracker contain the latest IoT module models launched in QX 2024?
Yes, this tracker has been updated in Q3 2024 and includes the latest IoT modules launched (if applicable).
Does this tracker cover information on the industry verticals?
Yes, it includes 16 industry verticals (Building & Infrastructure, Consumer Smartphone, Embedded Automotive, Fixed Access Points, Health Care, Home & Consumer, Industrial & Manufacturing, Laptop, Mobile Access Points, Other Energy, Retail, Smart Cities & Others, Smart Meters, Tablet, Telematics – OBD and Aftermarket, Transportation, Supply Chain & Logistics) as a nested database with modules and chipset shipments, revenue, and ASP at the company level.
Which regions are included in this tracker?
The tracker splits the global data into 10 regions: China, North America, Western Europe, Eastern Europe, the Middle East, and Africa, Latin America, Japan, India, Korea, Asia, and Others.
Is the tracker customizable?
Yes, we offer diverse customization options to give you access to the data you need. You could get the tracker in a chipset-only version, module-only version, or specify a region. Please contact our sales representatives for further information.
Does this tracker cover any information on module fallback support and its categories for each technology?
Yes, it does. The tracker covers extensive information on module fallback support along with its categorization.
Will we be able to find the shipments and revenues of the modules based on LTE-Cat 1 bis in this tracker?
Yes, this tracker also includes shipments, revenues, and ASPs of the modules based on LTE-Cat 1 bis technology. You can slice down the shipments, revenues, and ASPs by region, company, and technology.
Dashboard
What is the difference between a tracker and a dashboard?
Our trackers are EXCEL-based nested market databases that allow in-depth cross-tabulation. Our dashboards are web applications that allow users to slice and dice the market and instantly visualize the selection via a user-friendly interface. The dashboard (cellular IoT chipset and module) is included with the purchase of the Global Cellular IoT Chipset and Module Tracker & Forecast.
What is the difference between a tracker and a dashboard?
Our trackers are EXCEL-based nested market databases that allow in-depth cross-tabulation. Our dashboards are web applications that allow users to slice and dice the market and instantly visualize the selection via a user-friendly interface. The dashboard (cellular IoT chipset and module) is included with the purchase of the Global Cellular IoT Chipset and Module Tracker & Forecast.
How do I download the data from the dashboard?
You can download the current dataset by clicking on the “Download the current dataset (.CSV)” text at the bottom of the selection panel (gray area on the left side of the application).
Definitions
What is an IoT connectivity module?
An IoT connectivity module is an electronic assembly of components embedded in objects, machines, and things connected to wireless networks that sends and receives data with a connectivity chipset.
What is an IoT connectivity module?
An IoT connectivity module is an electronic assembly of components embedded in objects, machines, and things connected to wireless networks that sends and receives data with a connectivity chipset.
What are cellular IoT modules?
Cellular IoT modules are connectivity modules with an embedded cellular chipset.
What are IoT connectivity chipsets?
IoT connectivity chipsets are baseband processors embedded in an intelligent device (either directly or via a module) that enables and manages the device’s connectivity. Cellular chipsets are based on the 3GPP architecture and include technologies such as 4G, 5G, LTE-M, and NB-IoT.
Product specifications
All information about the tracker & forecast at a glance
General description
The Global Cellular IoT Module and Chipset Market Tracker & Forecast represents the updated view of the cellular IoT module and chipset market for the 2018–2024 period, including a forecast for the 2024–2028 period.
The analysis considers both macro and micro trends that impact the market, including global economic conditions, recovery scenarios for the general chip shortage, and the emerging challenge of AI chip scarcity. Additionally, IoT Analytics factors in the technological advancements of LTE-Cat 1, Cat 1 bis, 5G, and 5G RedCap (included in the tracker as a distinct factor).
To ensure the accuracy of this forecast, IoT Analytics conducted in-depth research through over 70 interviews with key industry players – module, chipset, and mobile network operators – at MWC, Embedded World, Hannover Messe 2024, and other. It’s important to note that this report focuses exclusively on cellular IoT chipsets embedded within IoT modules, excluding embedded standalone cellular IoT chipsets in devices.
Find out
- What is the global cellular IoT module and chipset market size in terms of shipment, revenue, and ASP (wholesale average selling price)?
- Who are the leading players globally?
- What are the ASP trends by cellular connectivity technology and region?
- Which cellular IoT player is strong across 4G?
- Which cellular connectivity technology is leading globally?
- How is LTE-Cat 1 performing in China and the rest of the world?
- Which regions are leading the market in terms of growth and in terms of market share?
- Which companies are leading the market, and what are their market shares?
- Which industry vertical has the highest demand for cellular IoT connectivity chipsets and modules, and which is growing the fastest?
Database structure
Module & Chipset Model level: Modules & Chipset Shipments, Revenue and ASP at Model level (nested database)
- 40 cellular IoT module brands, nested, with 13 cellular IoT chipset companies
- 1Q 2018–3Q 2024 (actuals)
- Connectivity technologies: 2G, 3G, LTE-Cat 1, LTE Cat 1 bis, 4G, LTE-M, NB-IoT, LPWA dual mode, 5G RedCap, and 5G. Including fallback and categories for each technology
- Ten regions: China, North America, Western Europe, Eastern Europe, the Middle East and Africa, Latin America, Japan, India, Korea, Asia, and Other
- 737 unique module models and 150 unique chipset models
Industry Vertical & Forecast: Modules & Chipset Shipments, Revenue and ASP at Company level (nested database)
- 40 cellular IoT module brands, nested, with 13 cellular IoT chipset companies
- 1Q 2018–3Q 2024 (actuals)
- Quarterly forecast 4Q 2024-4Q 2025
- Annual forecast 2026-2028
- Connectivity technologies: 2G, 3G, LTE-Cat 1, LTE Cat 1 bis, 4G, LTE-M, NB-IoT, LPWA dual mode, 5G RedCap, and 5G
- 10 regions: China, North America, Western Europe, Eastern Europe, the Middle East and Africa, Latin America, Japan, India, Korea, Asia, and Other
- 16 industry verticals
Companies mentioned in the tracker & forecast
| AM Telecom | ASR | Cavli Wireless | Ccfrom | Cheerzing | China Mobile | Continental Automotive |
| Eigencomm | Fibocom | GCT | Gosuncn | H3C | Hisilicon | Huawei |
| Intel | Kyocera | LG Innotek | Lierda | Longsung | Marvell | Mediatek |
| Meig | MobileTek | Murata | Neoway | Nordic Semiconductors | Pycom | Qualcomm |
| Quectel | RENESAS | Rinlink | Rolling Wireless | Ruijie | Sequans | Sercomm |
| Sierra Wireless | SIMCom | Sony Altair | STMicroelectronics | Taiyo Yuden | Telit Cinterion | Titan |
| u-Blox | Ucloudy | UNISOC | USR(Wenheg) | Wistron Neweb | Wurth Electronics | Wutong |
| XinYi | Yuge Technology | Other |
Industry verticals covered in the tracker & forecast
| Building & infrastructure | Consumer smartphone | Embedded automotive | Fixed access points |
| Health care | Home & consumer | Industrial & manufacturing | Laptop |
| Mobile access points | Other energy | Retail | Smart Cities & others |
| Smart meters | Tablet | Telematics - OBD and aftermarket | Transportation, supply chain & logistics |
Latest data releases
Cellular IoT module market Q1 2024 update: Demand recovery, market trends, and competitive landscape
Key insights In Q1 2024, the cellular IoT module market grew 7% year-over-year, according to IoT Analytics’ latest Global Cellular IoT Module and Chipset Tracker & Forecast update. Driving this growth was an upswing in module demand in China, which counterbalanced the remaining inventory and demand issues in much of the world. Connectivity technologies like 5G and LTE Cat-1 bis experienced a combined 67% market growth year-over-year, contributing to the overall cellular IoT module market...
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 security features at all. Recent demonstrations of vulnerabilities in non-dedicated hardware security features should drive the market further towards hardware-based security. Post-quantum cryptography is also an important...
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 companies—Quectel, Fibocom, Telit Cinterion, Sierra Wireless, and LG Innotek—currently account for 66% of the global market. The Q1 market weakness is seen as a bump in the road, with six billion cellular IoT connections expected by 2027,...
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