Market Reports: IoT Connectivity & Hardware
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Mobile World Congress and Embedded World 2025—Analyst Takeaways
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Cellular IoT Module and Chipset Market Tracker & Forecast (Q1/2025 Update)
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Cellular IoT Module and Chipset Market Tracker & Forecast (Q4/2024 Update)
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Cellular IoT Connectivity Tracker and Forecast (Q4/2024 Update)
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IoT eSIM Modules and iSIM Chipsets Market Tracker (2024 Update)
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IoT Mobile Operator Pricing and Market Report 2024-2030
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Latest Insights: IoT Connectivity & Hardware

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...

The top 6 edge AI trends—as showcased at Embedded World 2024
In short The current state of embedded systems was on full display at Embedded World 2024, with a clear emphasis on edge AI. As part of the 67-page Embedded World 2024 Event Report, IoT Analytics’ team of four on-the-ground analysts identified 17 industry trends related to IoT chipsets and edge computing—this article highlights 6 of these trends related to edge AI. Why it matters Embedded World...

The rise of smart and AI-capable cellular IoT modules: Evolution and market outlook
In short The latest update to the Global Cellular IoT Module and Chipset Market Tracker and Forecast shows that shipments of cellular IoT modules and chipsets dropped 16% year-over-year in 2023; however, the tracker projects the market to climb back almost fully to 2022 levels in 2024. The rise of smart and AI-enabled cellular IoT modules, which enable data processing and decision-making near or...

Top 10 IoT & telco trends—as seen at MWC 2024
In short The current state of telecommunications was on full display at MWC Barcelona 2024. IoT Analytics’ three-analyst team produced a 123-page event report, covering 130+ companies, and presents its top 10 trends on the state of IoT & telecommunications here. Why it matters MWC is one of the world’s most important telecommunications trade shows. The showcased technologies are widely...

LPWAN market 2024: Licensed technologies boost their share among global 1.3 billion connections as LoRa leads outside China
In short LPWAN connectivity is on the rise. There were nearly 1.3 billion LPWAN IoT connections globally by the end of 2023, according to IoT Analytics' Global LPWAN Market Tracker and Forecast 2015–2027 (updated Q1 2024). This is expected to grow at 26% CAGR until 2027. NB-IoT comprises 58% of these connections. However, that does not tell the whole story about NB-IoT’s global adoption, as...

Telematics gateways: Driving the future and evolution of mobility
In short According to the IoT Gateway Market Report 2023–2027, the $810-million telematics gateways market experienced accelerated growth following the COVID-19 pandemic and is expected to rise to a CAGR of 19% through 2027. Telematics gateways enable supply chain visibility by connecting vehicles and their sensors to external networks or the cloud, allowing for real-time tracking, predictive...
Our View On IoT Connectivity & Hardware
IoT connectivity technologies provide the network infrastructure and communication capabilities required by IoT devices to collect, transport, and exchange data over the internet and be remotely monitored and controlled.
IoT hardware acts as the foundation for any IoT device, including its semiconductors, sensors, and other core device components.
The IoT connectivity research stream covers a range of communication technologies deployed in IoT projects and solutions, including:
• Low-power wide-area network (LPWAN) technologies, such as Sigfox, LoRa, and NB-IoT
• Cellular technologies, including 2G, 3G, 4G, and 5G
• Short-range wireless technologies, such as Wi-Fi, Bluetooth, Zigbee, and many others
• Satellite technologies, such as VSAT, BGAN, and the newest satellite-based LPWAN
Our Lead Expert
(Hardware)

Satyajit Sinha
Principal Analyst
Satyajit is a principal analyst in our Hamburg, Germany office. He leads the hardware and connectivity research team, focusing on IoT components, chips, modules, and other hardware, along with IoT connectivity and security.
Our Lead Expert
(Connectivity)

Eugenio Pasqua
Principal Analyst
Eugenio is a principal analyst focusing on the future of communications. He is the lead expert for IoT connectivity, especially for M2M, LPWA, and 5G.
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