Global Cellular IoT Module Market Analysis and Insights, Q4 2024
Overview: This report provides a comprehensive analysis of the Cellular IoT module market, on Q4 2024 performance and long-term trends. It examines regional dynamics, technology shifts across (4G, NB-IoT, LTE-M, and 5G) and key demand drivers across verticals such as smart meters, automotive, POS, and industrial IoT. Competitive developments, pricing trends and supply chain movements are also highlighted. A detailed market forecast through 2030 outlines expected growth trajectories. The report concludes with featured insights on leading vendors and strategic initiatives shaping the future of cellular IoT in global markets.
Table of Contents:
- IoT module shipments grew 10% in Q4 2024 (vs Q4 2023).
- Quectel, China Mobile, and Fibocom were the leading module players.
- Smart meters, POS, and automotive continue to be the top three applications.
- Global module shipments to grow at 8.5% CAGR by 2030.
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Author
Tina Lu
Tina has extensive consulting and analysis experience across a number of industry sectors including more than 14 years in the technology industry. Before Counterpoint, Tina spent more than 9 years in Nokia working in multiple roles and geographic regions. Tina also worked in brand and product marketing for Bestfoods-Unilever and BGH. Tina holds an MBA degree from the Thunderbird School of Global Management.
Anish Khajuria
Anish is an Analyst at Counterpoint Research with over four years of experience in the IoT and emerging technologies sector. His work focuses on analyzing market trends and delivering insightful reports that help shape strategic decisions. Anish's expertise spans across AI, edge computing and digital transformation, making him a pivotal player in the tech industry's evolving landscape. He’s passionate about driving innovation and crafting smart solutions that redefine connectivity and efficiency.
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