Top

5 Billion IoT Cellular Module Will Ship Globally During 2019-2025. 4G, LTE Cat-M & NB-IoT in Hyper-Growth

Seoul, Hong Kong, New Delhi, Beijing, London, Buenos Aires, San Diego

Jan 8th, 2019

Top three players, Chinese vendor SIMCom (Sunsea AIoT), Quectel Wireless and Canadian vendor Sierra Wireless will take centre stage by competing neck to neck in volumes. However, Sierra Wireless still leads in revenue. Moving forward, 4G, LTE-M, and NB-IoT will be key volume drivers.

 

According to the latest research from Counterpoint’s IoT (Internet of Things) Service, global cellular IoT module shipments will grow by 79% YoY in 2018 driven by Low Power Wireless Access (LPWA) IoT applications. These applications include connected bikes, smart meters, smoke detectors, livestock etc.

Commenting on the competitive landscape in the cellular IoT module segment, Counterpoint Research Analyst, Satyajit Sinha, noted, “Unlike smartphones, the things or devices are being connected to the internet by integrating wireless IoT modules. These IoT modules which embed cellular capability have changed the entire IoT landscape by adding long-range, secure and scalable wireless connectivity. The IoT module industry has evolved a lot in the last year. The market which was once dominated by integrating low-cost 2G connectivity started transitioning to Cellular LPWA (dominated by NB-IoT) on one end and from 3G to 4G LTE/5G for higher bandwidth applications such as connected car, smart surveillance camera, etc.

The IoT cellular module market had been dominated by two suppliers, China-based SIMCom and Canada base Sierra Wireless. However, over the last 20 months, another low-cost Chinese module supplier, Quectel has grown swiftly capturing the second spot by IoT module shipments in 2018 surpassing Sierra Wireless. However, from an IoT module shipment revenue perspective, Sierra Wireless remains the market leader. However, the rise of LPWA technology such NB-IoT with growing scale in the market such as China, 2018 saw the rise of long-tail IoT module suppliers in China such as Neoway, Fibocom, Gosuncn, Lierda, Rinlink, and Yuge.”

Exhibit 1: Global Cellular IoT Module Shipments market share by Volume in 2018E

Source:  Global IoT Cellular Module Tracker by Tech, by App: 2009-2025

Mr. Sinha, further added, “IoT System-on-chip (Soc)/System- in- package (SiP), where MCU is integrated with modem/baseband will be the next wave of IoT evolution and it will change the dynamics of the IoT module market. This is mainly driven by semiconductor players like Huawei, GCT, Qualcomm, MediaTek, Sequans, Nordic, Altair, etc. The player like Huawei is looking to drive NB-IoT SoCs to sub-dollar price points for example with Boudica series.”

Adding his perspective, Senior Analyst, Hanish Bhatia noted, “According to our research, global IoT cellular connections are slated to cross 5 billion bark by 2025 and NB-IoT is to contribute to nearly half. In 2018, we saw some of the cellular LPWA applications deployment adopting either LTE-M or NB-IoT depending on geography and respective operators’ LPWA network strategy. Ideally, for cost perspective, many of these applications would have been deployed cheaper NB-IoT solutions. This is being realized by some of the western operators which deployed LTE-M initially and now looking at the NB-IoT revolution in China and are adding NB-IoT to their IoT network strategy roadmap.”

Mr. Bhatia, further added, “Additionally, some operators have deployed hybrid wireless IoT networks with both licensed and unlicensed LPWA technologies such as NB-IoT/LTE-M and LoRa/Sigfox respectively. Cost and the ease of deployment using an unlicensed band are the key benefits for adopting LoRa/Sigfox technologies.”

Commenting on the latest trends of IoT module vendors, Senior Analyst, Ethan Qi, added, “Selling IoT module hardware alone is not enough anymore for the suppliers to survive. Companies like Sierra Wireless, Gemalto have benefited from bundling the modules with IoT solution integration /support services, middleware, software platform, application development toolkits, cloud platform, analytics, and end-to-end security. Even the low-cost Chinese suppliers such as SUNSEA AIoT (SIMCom+Longsun) entered into a strategic partnership with Ayla Networks to provide a cloud base IoT module. We believe this is the path to go to remain the market leader in IoT and capture maximum value across the IoT value chain.”

Exhibit 2: Global Cellular IoT Module Shipments market share by Revenue in 2018E

Source: Global IoT Cellular Module Tracker by Tech, by App: 2009-2025 

Looking at future deployments, Mr Qi, added, “Industry is moving towards intelligent /smart modules always securely connected to the cloud, leveraging cloud computing. However, we will also see the increasing adoption of intelligence at the edge which is at the module level, leveraging AI driven edge computing capabilities. This edge computing is driven by top cloud computing players such as Google, Microsoft, Amazon, FogHorn, and others closely working with the number of semiconductor and module vendors such as ST-Micro, NXP, Qualcomm, silicon-labs, USI, etc.”

 

The comprehensive and in-depth report on “ Global IoT Cellular Module Tracker and Forecast By Technology By Application: 2009-2025” is a part of our Counterpoint’s IoT (Internet of Things) Service. This report is available for download here

 

Background:

Counterpoint Technology Market Research is a global research firm specializing in Technology products in the TMT industry. It services major technology firms and financial firms with a mix of monthly reports, customized projects and detailed analysis of the mobile and technology markets. Its key analysts are experts in the industry with an average tenure of 13 years in the high-tech industry.

Analyst Contacts:

 Satyajit Sinha

satyajit@counterpointresearch.com

@Satya_Analyst

Hanish Bhatia
+91 9871849857
hanish@counterpointresearch.com

@Hanish2501

Ethan Qi

ethan@counterpointresearch.com

 Counterpoint Research

press@counterpointresearch.com

@CounterPointTR

Counterpoint research is a young and fast growing research firm covering analysis of the tech industry. Coverage areas are connected devices, digital consumer goods, software & applications and other adjacent topics. We provide syndicated research reports as well as tailored. Our seminars and workshops for companies and institutions are popular and available on demand. Consulting and customized work on the above topics is provided for high precision projects.

Apple Snack Pack

PREMIUM

Understanding iPhone

Term of Use and Privacy Policy

Counterpoint Technology Market Research Limited

Registration

In order to access Counterpoint Technology Market Research Limited (Company or We hereafter) Web sites, you may be asked to complete a registration form. You are required to provide contact information which is used to enhance the user experience and determine whether you are a paid subscriber or not.
Personal Information When you register on we ask you for personal information. We use this information to provide you with the best advice and highest-quality service as well as with offers that we think are relevant to you. We may also contact you regarding a Web site problem or other customer service-related issues. We do not sell, share or rent personal information about you collected on Company Web sites.

How to unsubscribe and Termination

You may request to terminate your account or unsubscribe to any email subscriptions or mailing lists at any time. In accessing and using this Website, User agrees to comply with all applicable laws and agrees not to take any action that would compromise the security or viability of this Website. The Company may terminate User’s access to this Website at any time for any reason. The terms hereunder regarding Accuracy of Information and Third Party Rights shall survive termination.

Website Content and Copyright

This Website is the property of Counterpoint and is protected by international copyright law and conventions. We grant users the right to access and use the Website, so long as such use is for internal information purposes, and User does not alter, copy, disseminate, redistribute or republish any content or feature of this Website. User acknowledges that access to and use of this Website is subject to these TERMS OF USE and any expanded access or use must be approved in writing by the Company.
– Passwords are for user’s individual use
– Passwords may not be shared with others
– Users may not store documents in shared folders.
– Users may not redistribute documents to non-users unless otherwise stated in their contract terms.

Changes or Updates to the Website

The Company reserves the right to change, update or discontinue any aspect of this Website at any time without notice. Your continued use of the Website after any such change constitutes your agreement to these TERMS OF USE, as modified.
Accuracy of Information: While the information contained on this Website has been obtained from sources believed to be reliable, We disclaims all warranties as to the accuracy, completeness or adequacy of such information. User assumes sole responsibility for the use it makes of this Website to achieve his/her intended results.

Third Party Links: This Website may contain links to other third party websites, which are provided as additional resources for the convenience of Users. We do not endorse, sponsor or accept any responsibility for these third party websites, User agrees to direct any concerns relating to these third party websites to the relevant website administrator.

Cookies and Tracking

We may monitor how you use our Web sites. It is used solely for purposes of enabling us to provide you with a personalized Web site experience.
This data may also be used in the aggregate, to identify appropriate product offerings and subscription plans.
Cookies may be set in order to identify you and determine your access privileges. Cookies are simply identifiers. You have the ability to delete cookie files from your hard disk drive.