Global Cellular IoT Module and Chipset Market Tracker & Forecast

A purpose-built tool to slice and dice market data for the cellular IoT module and chipset market

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.
Global Cellular IoT Module and Chipset Market Tracker & Forecast

What is included

The tracker & forecast includes these global data points 

  • 38 cellular IoT module brands
  • 13 cellular IoT chipset companies
  • 10 regions
  • 9 technology splits
  • 16 industry verticals
  • 150 unique model-level chipsets
  • 737 unique model-level modules

See all product details

Global Cellular IoT Module Tracker and Forecast - shipments and forecast

The accompanying interactive web tool

Discover the Global Cellular Module and Chipset Dashboard

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The update process

What we do to update the data

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Constant monitoring

of investor relations documents and news releases for hundreds of IoT companies and specifically the companies that are part of this tracker.

Industry-level forecasting

based on revenue estimations of chipset vendors, module companies, and network operators.

Numerous interviewing

of senior IoT experts from connectivity chipset vendors, module companies, and network operators.

Integration of 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 2023?

Yes, this tracker has been updated in Q4 2023 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.

Which factors do you consider in your forecast?

The forecast was based on statements and information available to us in December 2022. It does take into consideration some of the important macro prerecession environment and micro-events, such as the Ukraine war, chip shortage recovery scenarios, the rise of LTE-Cat 1, Cat 1 bis, 5G, and other factors.

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 2018–2023 period, including a forecast for the 4Q 2023–2027 period.

The forecast was based on statements and information available to us in August 2023. It takes into consideration various important macro and micro-events, such as the Ukraine war, chip shortage recovery scenarios, the rise of LTE-Cat 1, Cat 1 bis, 5G, and other factors. This research focuses only on cellular IoT chipsets that are embedded within IoT modules. It does not include cellular IoT chipsets that are embedded standalone in a device.

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)

  • 38 cellular IoT module brands, nested, with 13 cellular IoT chipset companies
  • 1Q 2018–3Q 2023 (actuals)
  • Connectivity technologies: 2G, 3G, LTE-Cat 1, LTE Cat 1 bis, 4G, LTE-M, NB-IoT, LPWA dual mode, 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)

  • 36 cellular IoT module brands, nested, with 14 cellular IoT chipset companies
  • 1Q 2018–3Q 2023 (actuals)
  • Quarterly forecast 4Q 2023-4Q 2024
  • Annual forecast for 2025-2027
  • Connectivity technologies: 2G, 3G, LTE-Cat 1, LTE Cat 1 bis, 4G, LTE-M, NB-IoT, LPWA dual mode, and 5G
  • Ten 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 Others Pycom Qualcomm Quectel RENESAS
Rinlink Rolling Wireless Ruijie SIMCom Sequans Sercomm
Sierra Wireless Sony Altair STMicroelectronics Taiyo Yuden Telit Thales
Titan UNISOC USR(Wenheg) Ucloudy Wistron Neweb Wutong
XinYi Yuge Technology u-blox

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 & chipset market 2023: 18% decline due to destocking and softening demand in key segments

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 largely contributed to this decline. Amid this decline, connectivity technologies like 5G and LTE Cat-1 bis see notable shipment in the global IoT module and chipset market. The top 5 companies by shipment—Quectel, Fibocom, Telit...

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Cellular IoT module market Q2 2023: 66% of IoT modules shipped without dedicated hardware security

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...

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Global cellular IoT module market declined 6% in Q1 2023 in a weakening demand environment

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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Prajwal Praveen

Prajwal Praveen

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