thales Archives - Counterpoint

Renesas Acquires Sequans: A Strategic Move into Cellular IoT

Renesas acquires Sequans Communications for $249 million, expanding into the cellular IoT market.
The acquisition provides Renesas access to Sequans’ expertise, customer base, and partnerships in the 5G/4G cellular IoT sector.
With cellular IoT module shipments expected to exceed 1.2 billion units by 2030, this strategic move aligns with Renesas’ expansion plans and reflects a broader trend of consolidation in the IoT market.

Japanese semiconductor manufacturer Renesas Electronics has acquired France-based Sequans Communications, a pioneer in 5G/4G cellular IoT chips and modules. The acquisition will enable Renesas to expand its portfolio and expertise in the rapidly growing cellular IoT market. Although Renesas is a prominent name in the world of microcontroller units, the company has not historically specialized in connectivity.

According to the deal, Renesas will purchase all outstanding common shares of Sequans, including American Depositary Shares (ADS), for $3.03 per ADS in cash. This values Sequans at around $249 million, considering net debt. The transaction is expected to close by Q1 of calendar year 2024, subject to regulatory approvals.

Here are some analysis of the deal between Renesas and Sequans:

Renesas acquires Sequans to bolster its cellular IoT capabilities and tap into the expanding market. With this acquisition Renesas gains access to Sequans’ US and European customer base, enhancing global reach and market growth.
The partnership between Renesas and Sequans, which began in 2020, has already resulted in successful collaborations to develop modules that combine embedded processors and analog front-end products with wireless chipsets for IoT applications. Sequans has the broadest product portfolio of its non-Chinese competitors except Qualcomm which is why Renesas acquired Sequans.
The Renesas-Sequans collaboration is primed to meet the rising demand for smart solutions. The merger offers diverse choices for customers seeking to reduce dependence on the Chinese ecosystem and gain valuable expertise from a single source.
Renesas plans to integrate Sequans’ connectivity products, aiming to strengthen its presence in the Wide Area Network (WAN) market. They will collaborate on 5G and high-performance 4G modules based on Sequans’ Taurus 5G modem and Renesas’ analog front-end tech.

Renesas’ Acquisitions Over Time

Source: Counterpoint Research

Conclusion

According to Counterpoint’s report on IoT trends, the IoT market is highly fragmented, with over 4,000 players in IoT value chain competing for a share. This fragmentation has led to low margins and has made it difficult for companies to grow and expand. Consequently, there has been a wave of consolidation in the market, with companies merging or being acquired by larger players, a trend that is expected to continue as the market matures. In 2022, there were significant acquisitions within the IoT module industry, such as Telit’s acquisition of Thales and Mobilogix’s cellular IoT divisions, Semtech’s acquisition of Sierra Wireless, and Aeris Communications’ acquisition of Ericsson’s IoT accelerator and connected vehicle cloud business. As the cellular IoT module market continues to mature, we expect more consolidations aimed at providing improved solutions and maintaining competitiveness. Non-Chinese brands are now following the trend of becoming integrated players in the IoT value chain like Chinese module vendors, and it seems like Renesas is also following suit. For Renesas to compete with Chinese module giants like Quectel and Fibocom, it is crucial for them to develop a strong and effective business strategy specific to each international market they want to operate in.

For detailed research, refer to the following report available for subscribing clients and individuals:

Renesas electronics acquired Sequans a strategic move into cellular IoT

‘Off-the-Shelf’ eSIM Provisioning Software Gaining Momentum

eSIM has been a revolutionary technology driving the digital transformation of acquiring, accessing and consuming connectivity. OEMs are offering eSIM capability at the device level, while eSIM management solution vendors are offering software and services to mobile operators to connect these eSIM-capable devices to eSIM platforms securely.

The benefits of eSIM technology lie in enabling secure and seamless connectivity from chip to cloud, leading to an array of new business models for a broad range of stakeholders. This includes transforming mobile operators, making connected enterprises “fully digital”, thereby reducing overheads, customer acquisition costs and complexities, boosting customer experience, and driving newer business models connecting people and things at scale.

Demand for eSIM management solutions growing across different stakeholders

eSIM adoption is growing swiftly across different device categories and stakeholders. Mobile operators, enterprises, service providers and even platform players are sourcing innovative eSIM solutions to go digital, expand their service offering, maintain redundancy, plan hybrid deployments to comply with local regulations, or address specific subscriber or device segments. For example, players such as Uber are climbing on the eSIM bandwagon to drive newer business models and remove customer pain points by offering uninterrupted connectivity. Private networks are adopting eSIM to offer dedicated connectivity to their employees and remotely manage the connected IoT assets within the enterprise premises.

Different flavors of eSIM management solutions

The incumbent SIM vendors have been delivering eSIM management solutions in the form of ‘eSIM-Management-as-a-Service’ as an extension of their existing SIM business model, with the storage and processing of the subscriber data usually managed by the vendors at their own sites or now in collaboration with third-party cloud platforms such as Azure, AWS and Google Cloud. However, in such traditional deployments, the customers, especially other Service and Solution Providers have very limited commercial and technical control over the eSIM-based subscription management and customer data.

While this has been the established method of eSIM management solution delivery during the early years, which saw very limited eSIM usage, the competitive, geopolitical and regulatory landscape is changing. As eSIM technology has matured with a clear path ahead to replace the SIM card, operators as well as service and solution providers are increasingly either considering developing their own eSIM management software or licensing it “off the shelf” and building a service on top of it.

Developing software and service “in-house” demands significant resources and domain knowledge, from software to standards to security. This makes the exercise incrementally expensive amid changing technologies and regulations. Therefore, using an off-the-shelf eSIM management software is emerging as a popular solution, offering the best of both worlds, i.e. in-house and as-a-service eSIM management solutions.

achelos GmbH, an important player in the eSIM value chain, is positioned to satisfy the abovementioned needs. The company offers a suite of off-the-shelf GSMA-compliant eSIM RSP software solutions with bespoke features and extensions that perfectly align with the different requirements of a broad range of players, whether MNO, private network operator, service provider or system integrator. They fill a gap in the booming eSIM RSP market, helping democratize the technology by offering eSIM solutions to potential stakeholders looking for eSIM provisioning capabilities integrated directly into their existing platforms or infrastructure at the software level rather than the traditional as-a-service solution.

Source: Counterpoint Research Global eSIM Management Deployment Tracker

In our discussions with multiple operators and stakeholders, the key needs and challenges mentioned are related to having more control, independence over costs, technology, integration, and data to manage the number of connected devices and connectivity on their networks. This is where off-the-shelf eSIM management software solutions are looking to help eliminate the significant cost, risks, resource requirements and compliance requirements. However, with the growing trend of sourcing multiple eSIM management and orchestration solutions, we believe the off-the-shelf software is a nice complement to the traditional as-a-service eSIM solutions, allowing these key stakeholders to strike the right balance between control and flexibility.

Firms such as achelos started as niche players, with a highly focussed “software-only” approach offering flexible, customizable off-the-shelf GSMA SAS-SM-compliant eSIM remote SIM provisioning and orchestration software solutions. These complement or offer an alternative to traditional as-a-service solutions by promising proof points across the following key criteria:

Reliable: Redundancy, up-time, backup, recovery, security, resilience, etc.
Scalable: With growing traffic across locations, device types, features, etc.
Compliant: GSMA standards, specs, interoperability, etc.
Comprehensive: Support different implementations – SM-DP, DP+, DS, etc.
Efficient: Costs, resources, implementation, time-to-market, etc.
Seamless: Architecture, orchestration, openness, cloud, BSS/OSS integrations
Customizable: Features, services, deployments, UI, analytics to help differentiate

Furthermore, having access to an end-to-end suite of eSIM RSP and orchestration software and capabilities helps potential stakeholders co-develop distinctive features and services on top of the standards efficiently, with full control over security, scalability, and costs.

The key to success with this approach is in having a software partner which embraces open, lightweight, and advanced tools, frameworks and processes. This makes it seamless for the stakeholder’s IT team to co-create unique solutions built on industry standard-compliant and interoperable foundations.

Wrapping up

As the eSIM adoption rises across key stakeholders beyond mobile operators, there are significant opportunities for the vendors providing eSIM solutions in different forms. Different stakeholders have different needs, influenced by their digital transformation journeys, regulations, and need for redundancy or control over the solution and services attached to it.

As a result, we are seeing growing need for off-the-shelf eSIM solutions where some stakeholders want greater control, commercial independence, and sovereignty of the platform alongside the traditional ‘eSIM-Management-as-a-Service’ solutions. Players such as achelos are well positioned to complement and expand the eSIM solution provider ecosystem for the different key stakeholders in their eSIM transformation journey.

MWC 2023 Day 2: TECNO Phantom V Fold, realme GT3 240W, CloudSIM™ and More

It was yet another busy day in chilly Barcelona with some interesting announcements. Nothing revealed details of its upcoming smartphone, realme announced the GT3 240W with the fastest charging tech, TECNO showed off its folding smartphone, Oasis Smart-SIM showcased its CloudSIM™ solution, and much more. Below is our quick summary of the announcements from Day 2 of the MWC 2023:

TECNO joins the foldable revolution

TECNO made its MWC debut launching several products, including the Phantom V Fold, Spark 10 Pro selfie phone and Megabook S1 2023 laptop. Of course, the standout product announced at the event was the TECNO Phantom V Fold book-type foldable smartphone. Under the hood is a MediaTek Dimensity 9000+ SoC, making it the second folding smartphone powered by MediaTek SoC after the OPPO Find N2.

The smartphone features a 6.42-inch 120Hz LTPO AMOLED cover screen and a 7.85-inch 2K 120Hz LTPO folding display inside, which is bigger than the Galaxy Z Fold4. It comes with a 5,000mAh battery and 45W fast charging. The TECNO Phantom V fold will first launch in India at a price of $1,099 for the 12GB RAM and 256GB storage version, making it the most affordable book-type folding smartphone. There will also be a 512GB storage version priced at $1,222.

The Africa market, where TECNO is the #1 brand, is relatively dominated by the low-end segment. Expansion to overseas markets, where consumers are ready to pay a more premium amount, has also presented an opportunity for TECNO to launch devices in higher price bands. For that, foldables currently seem to be the perfect option to make a statement in the premium segment. Since it is a new segment, OEMs also have opportunities to launch products at new price points. The debut of its foldable at the MWC 2023 cements TECNO’s global aspirations.

realme GT3 240W brings the fastest charging tech to smartphones

realme is holding true to its ‘Dare to leap’ motto. In 2022, it was the first OEM to offer a 150W charging-capable smartphone. The company is pushing the boundaries further and has now become the first brand to introduce a 240W-capable smartphone. At the MWC 2023, realme announced its latest phone, the GT3, featuring 240W charging capability. According to the realme presentation, the 240W technology is capable of fully charging the GT3’s 4,600mAh battery in roughly 10 minutes, and it can charge to 50% capacity in just four minutes.

Courtesy – Madhav Sheth (realme)

GT3 is the fastest phone in the industry to charge from 0 to 20% in only 80 seconds, which realme showcased in the real-time demo during the MWC announcement. realme also claims this is the industry’s fastest charging speed while gaming. A vapor chamber liquid cooling system takes care of the overall health of the battery by reducing extra heat produced during fast charge. realme added multiple sensors and a fireproof design to the new device while also addressing the major issue of battery longevity, which reduces due to fast charge. The GT3’s battery can be at 80% battery health after 1,600 charging cycles which is double the industry standard of 800 cycles. The realme GT3 price starts at $649 for the 8GB RAM with 128GB storage variant.

Oasis Smart-SIM demonstrates new CloudSIM™ solution

At the MWC 2023, Oasis Smart-SIM and TATA Communications jointly revealed their latest innovation, the CloudSIM™. It is a remote hardware SIM which is stored in a dedicated, secure, GSMA-certified environment. CloudSIM™ is primarily aimed at use cases that do not require permanent connectivity. The overall cost of connectivity is reduced by limiting the number of profiles required for fleet operations and providing on-demand connectivity. The below video demonstrates some of the key use cases of the CloudSIM™ solution.

Nothing Phone (2) to be powered by Qualcomm flagship SoC

Nothing made a small announcement at the MWC 2023 about its upcoming smartphone. While it did not reveal much, the company did mention that the next smartphone will be powered by a Qualcomm Snapdragon 8-series chipset. This will be a big upgrade from the existing 7-series SoC on the Nothing Phone (1). However, Nothing did not mention which chipset it will be using, so it could be the Snapdragon 8 Gen 2 or could also be last year’s Snapdragon 8+ Gen 1 SoC. Looks like we will have to await further details.

Thales launches the world’s first GSMA-certified iSIM with Qualcomm’s latest Snapdragon mobile platform

Thales has announced that its integrated SIM (iSIM) solution has now been certified by the GSMA and is ready to be deployed commercially with Qualcomm’s Snapdragon 8 Gen 2 platform. In 2021, Thales, Vodafone and Qualcomm had shown a working demonstration of the iSIM.

What is iSIM? And why is it important?

iSIM is a type of SIM that is directly integrated into the processor of the device. As the next step of SIM evolution, iSIM offers significantly more space reduction than eSIMs do and lowers power consumption. This is also part of a bigger trend where we have seen multiple components, such as the modem, getting integrated into the processor of the device. Along with smartphones, iSIMs also bring multiple benefits to the IoT ecosystem.

Image Courtesy: Thales

Currently, around 20% of smartphones shipped in 2022 were eSIM capable. The adoption of eSIM in smartphones has been slower than what was expected three years ago due to a variety of reasons. However, the biggest hurdle has been the need for additional components required to add eSIM capability.

For iSIMs, it would be a different case because the SIM is integrated into the processor and its adoption, unlike the eSIM, will be dependent on the support of chipsets. The iSIM will see faster adoption than the eSIM because the number of players providing chipsets is limited. While we have already seen multiple IoT devices with iSIM, the first iSIM smartphone is expected in 2024.

Huawei Watch GT Cyber gets an extreme makeover

Huawei showcased its Watch GT Cyber, which is already available in China since November 2022. The smartwatch comes with interchangeable cases, and the display updates when inserted into a new case. It uses magnets along with mechanical parts to remain connected with the cases. The concept is similar to smart bands with changeable straps but with innovation that makes the whole watch body different. We will have to see if Huawei allows third-party case makers to function with the smartwatch.

The Huawei Watch GT Cyber flaunts a 1.32-inch circular display with a resolution of 466x466pixels and a pixel density of 352ppi. It is water resistant up to 5ATM and comes with all the regular sensors like a barometer and magnetometer. The battery can last up to seven days on a single charge. It also has a Bluetooth calling feature.

Huawei showcases the 5.5G era and its use cases

With 5.5G, Huawei aims to offer 10X better performance over 5G, and thus create 100-fold business opportunities by opening up five frontiers:

1) Expansion in services with immersive and interactive experiences

Online 3D malls and 24K VR gaming to become mainstream. While 5G allows these use cases, 5.5G will enhance them. Huawei expects over one billion users.

2) Enable industry digitalization

Huawei expects private networks to increase 10x as the tech becomes more capable. It forecasts one million private 5G networks by 2030.

3) Cloud applications entering a new era, creating new opportunities for network connectivity

The company aims to reduce latency which will further make cloud applications more reliable and accessible.

4) Cellular networks cover all IoT applications and passive IoT enables 100 billion connections

Passive IoT tags (e.g. RFID) will allow further solutions to better warehouse management, asset tracking, and other scenarios. Huawei expects 100 billion passive IoT tags per year from 30 billion in coming years as industries get more digital.

5) From communication to integrated sensing and communication, facilitating new services

Huawei aims to develop a more connected world using the sensing capabilities of 5.5G. It would help bring up information about areas where cameras are unable to work like during fog or rain. This would make transportation much safer.

With inputs from Varun Mishra, Karn Chauhan, Ankit Malhotra and Harshit Rastogi.
This is a developing post…….

Global Cellular IoT Module Shipments Grew 20% YoY in Q2 2022

After declining in Q1 2022, the global cellular IoT module market recovered in Q2 2022 despite macroeconomic headwinds and lockdowns in China, the largest IoT market.
The quarter also saw a series of consolidations in the highly competitive IoT module space.
Asset-tracking reached the highest share ever at 7% to break into the top five applications.
Smart meter, POS and industrial were the top three applications in this quarter.
NB-IoT and 4G Cat 1 were the most preferred technologies for cellular IoT applications.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – September 20, 2022

Global cellular IoT module shipments grew 20% YoY in Q2 2022, according to the latest research from Counterpoint’s Global Cellular IoT Module and Chipset Tracker by Application. The global cellular IoT module market continued to recover despite a tighter supply chain, COVID-19 lockdowns in China and macroeconomic headwinds. The growth was driven by the ongoing digital transformation involving potential applications around critical infrastructure and logistics catered by some key fast-growing low-tier cellular technologies such as Cat-1 and NB-IoT. Further, module players modified their product offerings, striking partnerships across the value chain, from newer connectivity solution providers to acquiring some key competitors, as the IoT industry enters a very exciting growth phase.

China retained its position as the world’s largest IoT market, contributing to more than half of the demand despite the lockdowns. The country’s cellular IoT module market recovered slightly from previous months this year, driven by lockdown-triggered applications like smart locks, surveillance systems and routers. The North American and western European markets grew steadily and held their second and third positions respectively in the global cellular IoT module market. Again, India was the fastest growing IoT module market (+264% YoY), albeit growing on a lower base, driven by smart meter, telematics, POS and automotive applications.

Commenting on the market dynamics, Senior Research Analyst Soumen Mandal said, “The IoT module market is going through a critical phase where the Chinese brands have become bigger, making it very difficult for international brands to grow in silos. As a result, we have seen the first wave of market consolidation with Telit acquiring Thales’ cellular IoT module business as well as acquiring IoT solutions design house Mobilogix. Also, during the quarter, Semtech, one of the big component vendors and the key chipset provider for the proprietary LoRa-based IoT network, acquired leading cellular IoT and router vendor Sierra Wireless to build an end-to-end wireless IoT portfolio. This kickstarts an exciting phase where the Western vendors are trying to become more ‘integrated’ to capture more value across the value chain, even though the IoT market is a blue-ocean opportunity.”

Mandal added, “With six out of the top 10 IoT module vendors being from China and with the rising geopolitical competition and data privacy concerns, international players see an opportunity to consolidate and carve out a dichotomy in this segment. Further, having a robust portfolio and post-sales support is the key. Telit, Thales, u-blox and Sierra Wireless improving their offerings over the last 12 months has been a step in the right direction. With consolidation, these vendors can garner scale and some competitive edge to at least compete well on pricing and value against the competition”

Note: Figures may not add up to 100% due to rounding

Market summary

The top three players accounted for more than half of the market. Interestingly, Quectel’s shipment share was equal to that of the remaining players in the top 10 list.

Quectel: Quectel’s module shipments increased 47% YoY, further increasing its gap with the remaining players. During the quarter, Quectel launched 4G Cat 4 smart modules SC200E and SG150H, based on Qualcomm and UNISOC chipsets respectively. Furthermore, Quectel unveiled iSIM-supported LPWA module BG773A-GL with the help of Kigen, through which it will be able to target M2M applications such as POS, smart metering, asset tracking and wearable devices.
Fibocom: The second largest module vendor, Fibocom, saw 12% YoY growth in its module shipments. Nearly 60% of its module shipments came from the China market. Fibocom has already entered partnerships with Qualcomm, MediaTek, UNISOC, Sequans and Autotalks to increase its share in international markets. This can help Fibocom bridge some of its wide gap with Quectel in the international IoT module market.
MeiG: After a slow Q1 2022 due to China lockdowns, MeiG registered growth which helped it to enter the top three IoT module ranks globally. While focusing on higher-end IoT module applications, MeiG is expanding into the fast-growing 4G Cat 1 bis market, targeting applications such as POS, industrial, asset tracking, smart meter and enterprise. MeiG is also diversifying its supplier portfolio. It has partnered with fast-growing 4G chipset vendor ASR for the 4G Cat 4 module market, especially for the highly competitive China market and other low-cost international markets.
China Mobile: China Mobile maintained its fourth position in the global cellular IoT module market by catering to its huge existing and prospective customer base and extensive cellular network. The operator partnered with Xinyi Semiconductor for focusing on lower-end applications. This has helped both to target 2G-to-4G transitioning IoT applications. China Mobile’s growing 5G footprint and partnerships across the value chain will help the world’s largest operator to rapidly scale its end-to-end 5G IoT solutions in the coming quarters.
Sunsea: Sunsea (SIMCom + Longsung) has been consistently improving its performance over the last 10 quarters. Sunsea is following a strategy similar to that of other Chinese players to offer Qualcomm-based solutions for the international market and MediaTek/UNISOC/ASR/Xinyi-based solutions for the homegrown China market. Sunsea added ASR as a partner besides Qualcomm to cater to the increasing demand and offer affordable pricing in China.
Telit: Telit is the first non-China player in the global IoT module vendors’ rankings. Telit is focussing on LPWA-Dual Mode, 4G Cat 1 and LTE-M technologies to target applications such as industrial, healthcare, asset tracking, router/CPE and energy. The vendor has launched 4G Cat 1 bis industrial grade module LE910R1 with 2G fallback to target the APAC and EMEA markets. With the sunset of 2G and 3G technology, this module can be used as a substitute for low-to-mid-end applications. After the acquisition of Thales, Telit has the potential to emerge as the largest module vendor outside of China and eventually match Quectel in scale.
Among other players, Neoway performed well. It was the fastest growing in QoQ terms (+162%) among top vendors. Besides China, India is turning out to be an important market.
u-blox recorded a strong quarter by remodeling and redesigning its products and clearing backlogs. The demand was strong for u-blox in industrial, automotive and healthcare applications.

Commenting on the key connectivity technology trends in the IoT space, Associate Director Mohit Agrawal said, “The top five technologies, including NB-IoT, 4G Cat 1, 4G Cat 4, 4G Cat 1 bis and LPWA-Dual Mode captured more than 80% of the shipments in this quarter. We are witnessing increasing shipments of 4G Cat 1 and 4G Cat 1 bis modules driven by the sunset of 2G and 3G technologies and higher demand in low-to-mid-end applications. Some module players are still shipping 2G modules to cater to specific low-cost applications in some emerging markets, like Africa, Asia and eastern Europe. The 5G IoT module shipments remain steady with prices still high and many projects still in pilot stages. It will take at least a couple of years to reach an inflection point. We expect the second half of 2023 to see a ramp-up for the 5G IoT modules with good pan-country 5G coverage and scale.”

The top five applications in Q2 2022 – smart meter, POS, industrial, router/CPE and asset tracking – captured more than half of the total IoT module market. Compared to the previous quarter, significant improvements were seen in the router/CPE and residential markets. The automotive connectivity market did not show much traction due to the poor performance of the automotive industry in China during this quarter.

For detailed research, refer to the following reports available for subscribing clients and individuals:

Counterpoint tracks and forecasts on a quarterly basis 1,500+ IoT module SKUs’ shipment, revenue and ASP performance across 80+ IoT module vendors, 12+ chipset players, 18+ IoT applications and 10 major geographies.

Background

Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

Analyst Contacts

Soumen Mandal

Mohit Agrawal

Counterpoint Research

press@counterpointresearch.com

Related Reports:

Telit’s Acquisitions to Reshape Global IoT Module Market

In recent times, Telit has acquired cellular IoT businesses from Thales and Mobilogix. The IoT module market has started consolidating and we expect to see a few more deals in the coming months. In August, we also saw Semtech acquiring Sierra Wireless to offer complete chip-to-cloud solutions to cover the entire IoT value chain. The back-to-back acquisitions by Telit show how it is trying to become an integrated player. With the Mobilogix acquisition, Telit can offer modules, connectivity, security and management platform to design and manufacturing services. It means Telit will act as a one-stop solution provider for its customers. Here, we will try to analyze what these acquisitions mean to Telit and how they will impact the IoT industry.

Telit-Thales deal

Thales is merging its cellular IoT module business into Telit to form a new entity called Telit Cinterion. Thales will own a 25% stake in the newly formed entity and offer SIM technology and security services for IoT modules.

China dominates the global cellular IoT module market by taking more than 55% share. International players are struggling to compete in the operator- and government-driven China IoT module market.

After its deal with Telit, Thales will enjoy less distraction from its module business and will be able to focus on its core business which includes software, security and services. Thales will still continue to provide eSIM services where it is a market leader.

Global Cellular IoT Module Shipments Share by Vendor, Q1 2022

The newly formed company will have a common R&D platform which will help save resources. In the coming times, we may see Telit Cinterion focusing on the IoT platform business to earn revenue on a recurring basis.

Thales has a strong position in Europe and Japan, whereas Telit has a good presence in North America and Latin America. This complementary relationship supports their dream of becoming the #1 cellular IoT player in the international market. Telit-Thales is already leading in the international IoT module market in terms of revenue. With this merger, Telit Cinterion may overtake Quectel in the international market in terms of shipments in the coming years.

Telit has already divested its automotive business in 2018, but Thales has a good customer base for some European automakers. How the joint venture treats this automotive business will be keenly watched. There is ample opportunity in the automotive business with growing connected and autonomous mobility. With the introduction of 5G, Telit may focus on the automotive segment as the automotive module business contributes higher revenue due to a higher average selling price (ASP).

In recent times, Telit has done a great job launching many new modules. This helps Telit to target new regions depending on available technologies and provides an option for customers to select a product as per their requirements.

Telit-Mobilogix deal

Telit moved to acquire Mobilogix, a decade-old end-to-end IoT hardware, software and cloud solution provider to fulfill its ambition of becoming a more integrated player and one of the largest end-to-end white-label solution providers outside China.

Mobilogix’s comprehensive device engineering expertise and resources, which focus on optimizing the specifications for EMS and ODMs, and attainment of regulatory approvals and carrier certification, will help Telit provide solutions to customers with reduced cost and complexity, and faster time to market.

Furthermore, Mobilogix is known for its expertise in customized IoT projects, which provide businesses with solutions in various application verticals that are ready to certify and mass produce. This will help Telit expand its focus in growing segments such as telematics, micro-mobility, healthcare, construction and agriculture.

Chinese module vendors are trying to become integrated players to capture maximum share across the IoT value chain. Telit is also trying to adopt such a model with these recent acquisitions. For example, Quectel is trying to increase its footprint in the North American market with the establishment of a new ODM company, named Ikotek. Similarly, Fibocom established a new ODM company in 2019 for global customers through applications such as gateway, payment terminal, telematics and industrial applications. Telit is slowly becoming vertically integrated and trying to revive back its glory days in the IoT module market.

Solutions from the combined entity will provide a great choice for customers who want to diversify and do not want to depend on the Chinese ecosystem, and need tightly integrated solution expertise from one provider.

If Telit wants to compete head-to-head with Chinese module giants like Quectel and Fibocom, it has to develop an effective business strategy for each international market.

Mobilogix has a wide range of portfolios comprising custom IoT projects and solution design services based on three basic architectures, namely beacon, power and battery-operated architecture. Apart from this, it also offers cloud platform integration and custom firmware, which will add value to Telit’s portfolio not only from cellular but also from BLE beacon hardware designs.

Mobilogix has a global presence across key regions such as the US, China, India and Latin America. Its presence in China and emerging markets like India will help Telit grow its presence in these key regions.

Conclusion

Telit is becoming a more integrated player with these acquisitions and moving up the stack to become an end-to-end solution provider. The convenient and comprehensive solutions will add more value to its customers’ IoT project deployments and will be concurrent with its long-term vision of becoming the #1 international module player in terms of both shipments and revenue.
The acquisitions will help Telit provide solutions to customers from the design/manufacturing of hardware to cloud and security with regional diversification. This will help Telit cater to more application segments, thus improving both revenue and profitability.
However, industry experts will be keenly watching the entire positioning, offering, strategy and business model, which are changing in the IoT space as you need to be a large-scale and end-to-end player to succeed even though it is a blue ocean out there.

G+D & Thales lead the Global eSIM Enablement Landscape

IDEMIA, Kigen emerge as specialists while Truphone VALID, Oasis Smart SIM, Workz and RedTea Mobile are referred to as dark horses, in position to challenge the status quo in the future.

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

30th May 2022

G+D and Thales continue to lead the eSIM Enablement landscape, according to Counterpoint Research’s eSIM CORE (COmpetitive, Ranking & Evaluation) report. Integrated incumbents such as Giesecke+Devrient (G+D), Thales and IDEMIA along with relatively newer entrants like Kigen have led the pack and boast robust eSIM enablement capabilities, from having their own embedded secure elements and eUICC and iUICC operating systems to having developed offerings for consumer, automotive and IoT applications. This has helped them score well in terms of “completeness” in our evaluation.

More than five billion eSIM (eUICC- and iUICC-based) capable devices will be shipped cumulatively in the next five years. To better understand the positioning, platform capabilities and competence of various eSIM enablement players, Counterpoint has analyzed and evaluated key eSIM enablers, ranging from fully integrated companies to hardware-based eSIM vendors. The CORE (COmpetitive, Ranking & Evaluation) framework ranks different players in terms of completeness and capabilities such as Firmware, Compliance, Interoperability, Geographical Reach, partnerships and wins across the ecosystem.

Exhibit 1: eSIM Enablement CORE Scorecard for Integrated Players

Source: eSIM CORE (COmpetitive, Ranking & Evaluation) Scorecard & Analysis, April 2022

Commenting on the competitive landscape, Research Vice President Neil Shah, highlighted, “G+D leads the Enablement CORE Scorecard. It leads in several important parameters such as OS, interoperability, security and has enabled the highest number of consumer eSIM capable devices including smartphones, smartwatches, and tablets. It enables more than half of all eSIM capable smartphones and tablets and more than two-thirds of all eSIM capable smartwatches. Its success in the consumer and IoT eSIM space makes it the deserved leader. Thales is a close second on the list, and it has excellent scores in parameters such as OS, interoperability and leads the chart in mobility enablement. Thales has built a strong consumer and IoT eSIM offering, enabling a range of consumer and IoT devices. It is also among the leaders in supporting many eSIM enabled industrial IoT applications.”

Mr. Shah further added, “The leaders are followed by specialists, IDEMIA and Kigen. IDEMIA has activated more than 3 million eSIMs. It has excellent scores in parameters such as interoperability, compliance and leads the scorecard in IoT enablement. Kigen is ranked fourth and is one of the fastest moving players in the eSIM enablement landscape. It leads the scoring in firmware, compliance and security. It delivered the industry’s first EAL5+ certified iSIM hardware in partnership with Sequans. Kigen has built strong partnerships across the value chain which has helped it enable at scale. Truphone, VALID and Oasis Smart SIM, Workz and RedTea Mobile are positioned as dark horses, well-positioned to consolidate their capabilities and challenge the leaders.”

Exhibit 2: eSIM Enablement CORE Scorecard Hardware Enablement

Source: eSIM CORE (COmpetitive, Ranking & Evaluation) Scorecard & Analysis, April 2022

Research Analyst Ankit Malhotra commented on changing role of hardware enablers in the ecosystem: “Semiconductor companies such as STMicroelectronics, NXP and Infineon have been the key suppliers of secure hardware eSIM chipsets, partnering with the eUICC OS vendors as above and in some cases having their own in-house integrated solutions. With the move to iUICC on the horizon, their role will become especially important.”

The comprehensive and in-depth report on “eSIM Ecosystem – Opportunities, Trends, Evaluation, Analysis and Outlook” is available now – please contact Counterpoint Research to discuss how to gain access to the report.

Background:

Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects, and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

Analyst Contacts:

Ankit Malhotra

Neil Shah

Counterpoint Research
press(at)counterpointresearch.com

Thales & G+D maintain leadership in Global eSIM Management Landscape

IDEMIA, Truphone, Workz, Oasis Smart SIM, and Valid cement their place as specialists challenging the top 2. VALID, Kigen 10T Tech, and Invigo round up the top 10 and are well-positioned to challenge the status quo in near future.

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

17^th May 2022

Thales, G+D continue to lead the eSIM Management landscape, according to Counterpoint Research’s eSIM CORE (COmpetitive, Ranking & Evaluation) report. The incumbents lead the eSIM Management landscape not only in terms of overall completeness of offerings but also in partner reach, and customer outreach. Both the players have aced the GSMA-approved platform offerings, although Thales edges out G+D with a growing number of customers, partnerships, and live eSIMs managed.

More than five billion eSIM (eUICC- and iUICC-based) capable devices will be shipped cumulatively in the next five years. To better understand the positioning, platform capabilities, and competence of various eSIM management players managing these hundreds of millions of active eSIM devices, The CORE (COmpetitive, Ranking & Evaluation) framework ranks different players in terms of completeness and capabilities of the platform providers offering, level of GSMA compliance, the number of eSIM RSP management platform deployments, diversity of end-customers, partnerships, and other parameters such as PaaS, Geographical Reach, Interoperability etc.

Commenting on the changing eSIM Management landscape, Research Analyst Ankit Malhotra said, “The eSIM Management landscape went through continuous evolution in 2021 with several new players entering the market. In 2020, we evaluated 11 integrated eSIM management players, this has now doubled to 22. eSIM Adoption continues to increase, with more eSIM capable smartphones in the <$200 price category being launched, and a similar trend in smartwatches. In IoT modules shipments of eSIM-capable IoT modules increased by almost three times.”

He further added, “With the increasing number of eSIM-capable devices, the number of profiles managed by service providers has increased. Therefore, the need for features such as Analytics, Campaign Management, etc. has also increased. These have been added to the evaluation criteria categorized as PaaS (Platform as a Service) – and is one of the key trends which emerged in 2021. Another key trend worth noting was the double sourcing by MNOs and thus interoperability with other service providers, EUMs and MNOs also became more important.”

Exhibit 1: eSIM Management CORE Scorecard for Integrated Players

Source: eSIM CORE (COmpetitive, Ranking & Evaluation) Scorecard & Analysis, April 2022

Thales and G+D have been recognized as the top providers of end-to-end feature-rich eSIM management platforms, followed by specialists such as IDEMIA, Truphone, Workz, Oasis Smart SIM, and Valid.

Commenting on the eSIM management competition, Research Vice President Neil Shah highlighted, “Thales has led Counterpoint’s CORE Scorecard for the third time running, it is the best rated in all the major parameters. It is also the only player to have deployed more than 300 platforms worldwide. Its success in the market co-relates with our evaluation and is thus a deserved leader. G+D is one of the pioneers of eSIM solution and offers an end-to-end solution for its customers. It offers a guaranteed 99.99% server availability for eSIM downloads and management which has set a new benchmark for other eSIM providers. G+D has also secured more than 250 eSIM management deployments which demonstrates its success in the market.”

Mr. Shah, added, “The leaders are followed by specialists IDEMIA, Truphone, Workz, Oasis Smart SIM, and Valid. IDEMIA ranks third overall, its offerings include its proprietary entitlement server which sets it apart from the leaders. Truphone, which celebrated its 10^th million eSIM profile in April 2021 follows IDEMIA in fourth. Workz is a fast-growing player, its open eSIM Platform “Mesh” released in September was a great step to solve the problem of interoperability. Oasis Smart SIM is one of the fastest-growing eSIM service providers that carries a unique proposition of being a “pure eSIM player”, Oasis enjoyed a great year and is well-positioned to challenge the leaders. VALID, which follows Oasis, launched “Interoperability as a service”, which was a stand-out achievement.”

Kigen, 10T Tech, Invigo, and Eastcompeace are recognized as Dark Horses. Kigen is fast emerging as an IoT eSIM specialist, making great strides in advancing use cases for iSIM as well. 10T Tech holds a unique position in the eSIM Management landscape. 10T Tech has achieved great success and is one of the top five players in deployments globally.

Exhibit 2: eSIM Management CORE Scorecard for Operators

Source: eSIM CORE (COmpetitive, Ranking & Evaluation) Scorecard & Analysis, April 2022

There are a handful of operators that have built and managed an in-house eSIM management platform. The top three Indian operators, Jio, Vodafone-Idea, and Airtel are in the list, activating and managing eSIM devices on their networks using platforms built with the help of partners. These operators have built platforms to align with their specific requirements. Telenor leads the group followed by Vodafone Idea, Jio, Airtel, STC, and Tele 2.

The comprehensive and in-depth report on “eSIM Ecosystem – Opportunities, Trends, Evaluation, Analysis and Outlook” is part of Counterpoint’s ETO Service and is available here.

Background:

Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects, and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

Analyst Contacts:

Ankit Malhotra

Neil Shah

Counterpoint Research
press(at)counterpointresearch.com

Global Cellular IoT Module Shipments to Cross 1.2 Bn Units by 2030

5G shipments to overtake 4G by 2028 to become the leading technology in the global cellular IoT module market.
Smart meter, industrial, router/CPE, automotive and POS will be the top five applications in 2030 in terms of shipments.
5G RedCap mass adoption is expected to happen in 2027 and onwards.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – May 9, 2022

Global cellular IoT module shipments are expected to cross 1.2 billion units by 2030 with a CAGR of 12%, according to the latest Global Cellular IoT Module Forecast from Counterpoint Research. The shipments will be mainly driven by 5G, NB-IoT and 4G Cat 1 bis technologies. 5G will be the fastest growing (60%) technology, followed by 4G Cat 1 bis, during 2022-2030.

With 5G becoming mature, we will see large module vendors such as Quectel, Fibocom, MeiG, Foxconn, Thales, Telit and Sierra Wireless consolidating their positions in the global cellular IoT module market. Longtail module vendors will struggle with scale and partnerships.

Commenting on the market dynamics, Senior Research Analyst Soumen Mandal said, “With the ongoing sunset of 2G and 3G networks across the world, most of the demand has been shifting to LPWA, 4G Cat 1 and 4G Cat 1 bis technologies until now. NB-IoT will still remain popular in parts of Asia, including China, and Europe, while 4G Cat-1-based modules proliferate over the next few years.

With LPWA technologies such as NB-IoT, LTE-M and 4G Cat-1 driving this initial adoption of cellular IoT, the global cellular IoT market will transition from 4G to 5G in the rest of this decade. This transition will be faster compared to the transition from 2G/3G to LPWA/4G in the IoT segment. 5G will be the leading technology in the global cellular IoT module market, followed by NB-IoT and 4G Cat 1 bis.

The rollout of 5G and introduction of 5G RedCap in coming years will see the adoption of 5G across intelligent IoT applications in industrial, asset tracking, POS, telematics, healthcare and wearables segments, mostly replacing traditional 4G IoT applications. We estimate that cumulative 5G shipments (excluding 5G RedCap) will reach 2.5 billion units, growing at a CAGR of 60% between 2022 and 2030.

By the end of this decade, we should see the introduction of 6G technology for IoT. However, 6G will be limited to higher-end applications such as enterprise and broadband in the initial years of adoption.”

Commenting on the cellular IoT module application landscape, Vice-President Research Neil Shah said, “Smart meter, industrial, router/CPE, automotive and POS will be the top five applications in 2030 in terms of shipments. 5G will be preferred for Industrial 4.0 (like robotics, automation and digital twins), router/CPE (like FWA and private networks) and automotive (like connected and autonomous mobility) applications, LPWA will be preferred for utilities (smart meter) and 4G Cat 1 bis and 5G RedCap for POS applications.

China leads in 5G adoption in the global cellular IoT module market. However, North America and Europe will have great potential in the future. 5G adoption in emerging markets such as India and Latin America will also grow faster and 5G RedCap may become popular in these regions.”

For detailed research, refer to the following reports available for subscribing clients and also for individual subscription:

Counterpoint Research tracks and forecasts on a quarterly basis 80+ IoT module vendors’ shipments, revenues and ASP performance across 12+ chipset players, 18+ IoT applications and 10 major geographies.

Background

Analyst Contacts:

Soumen Mandal

Neil Shah

Counterpoint Research

press(at)counterpointresearch.com

Related Reports:

Global Cellular IoT Module Revenue Grows 58% YoY in Q4 2021; 5G, 4G Cat 1 Modules Fastest Growing

Quectel and Qualcomm led the global cellular IoT module and IoT chipset markets respectively in Q4 2021.
5G contributed to nearly a quarter of the cellular IoT module market revenue.
Automotive, router/CPE, industrial, PC and POS were the top five applications in the quarter.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – March 31, 2022

Global cellular IoT module revenue grew 58% YoY in Q4 2021, according to the latest research from Counterpoint’s Global Cellular IoT Module and Chipset Tracker by Application. China, the leading region in the cellular IoT module market, accounted for more than 40% of the revenue. However, India was the fastest growing (154% YoY) cellular IoT module market. 5G was the fastest growing (324% YoY) technology followed by 4G Cat 1 (105% YoY). Router/CPE, PC and industrial were the top applications for 5G.

Commenting on the market dynamics, Senior Research Analyst Soumen Mandal said, “Quectel, Telit and MeiG held the top three positions in the global cellular IoT module market, accounting for 40% of the total revenue in Q4 2021. For 2021, global cellular IoT module shipments and revenue grew by 59% and 57% YoY respectively.”

Quectel’s cellular IoT module revenue grew more than 100% YoY in Q4 2021. Strong partnerships, superior service and a wide range of product offerings are supporting its growth. Quectel launched a new ODM brand, Ikotek, targeting the US market. We expect it to help Quectel increase its footprint in North America and Latin America. Moreover, the products can be customized and designed according to the regulatory requirements of a project.

Telit made a strong comeback after a relatively weaker performance in recent history. Telit has been expanding its offerings, which is helping its revival. Telit NExT is providing flexible connectivity plans across 190 countries to take advantage of emerging business models and removing major bottlenecks for many IoT device vendors. In Q4 2021, Telit’s focus on Latin America to help customers migrate legacy 2G and 3G modules to 4G Cat 1 modules helped it become the leading module supplier in the region to complement its strong position in North America.

MeiG is another Chinese player which is making continuous progress and made it to the top three in cellular IoT modules, both in shipments and revenue. It is focusing more on AIoT and smart module-based higher-end applications such as router/CPE, intelligent cockpit, video recordings, industrial PDAs, drones and AR/VR. MeiG entered lower-end applications in 2021. This product mix of higher-end and lower-end modules helped MeiG increase revenue by more than 100% in Q4 2021.

Thales, Rolling Wireless, Sunsea, Fibocom and Sierra Wireless are other key players. Out of the top 10 players, Rolling Wireless and LG are focussing on the automotive segment only.

Thales is performing well in Europe, North America and Japan targeting smart meter, healthcare and industrial applications. Sunsea improved its performance in the global IoT module market, but it wasn’t enough to prevent its share from going down. The industry is growing at a faster rate compared to Sunsea’s growth. Fibocom is showing a stronger presence in 4G Cat 1 bis technology. However, Fibocom slipped out of the top five module vendors rankings due to weaker performance of NB-IoT modules.

Rolling Wireless’s and Sierra Wireless’s revenues increased 105% and 87% respectively. After spinning off from Sierra Wireless’s automotive division last year, Rolling Wireless quickly made it to the top 10 module vendors list. Rolling Wireless and Sierra Wireless have been successful in targeting specific applications, such as automotive and router/CPE respectively.

Global Cellular IoT Module Revenue Share by Module Vendor, Q4 2021

Source: Counterpoint Global Cellular IoT Module and Chipset Tracker by Application, Q4 2021

Automotive, router/CPE, industrial, PC and POS are the top five cellular IoT applications in terms of revenue. However, drones, PC and router/CPE are the top three fastest growing segments. Smart meters is another key segment but the lower ASPs of NB-IoT and 4G Cat 1 modules mean it is not among the top five IoT applications in terms of revenue.

Global Cellular IoT Module Vendor Shipment Share Rankings by Key Geographies, Q4 2021

Commenting on the regional performance of module vendors and pricing dynamics, Vice President Research Neil Shah said, “International players made a strong comeback in Q4 2021 after weaker performance in the previous quarter. Quectel, MeiG and Sunsea were the top three cellular IoT module players in China in terms of revenue. For the rest of the world, Quectel, Telit and Thales were the top three cellular IoT module players.”

Quectel is leading in most regions except Latin America, India and Japan. However, as these regions currently represent a small share of the global cellular IoT module market, it doesn’t have much impact overall. Japan’s preference for LTE-M works against Quectel.

In China, MeiG overtook Fibocom to become the second largest cellular IoT module vendor.

Neoway, another Chinese module vendor, maintained its leading position in the Indian market. Strong partnerships with smart meter manufacturers and telematics providers are helping Neoway to maintain its position.

The overall cellular IoT module ASP increased 7% sequentially due to supply chain constraints, especially in 4G modules. Chinese chipset players are trying to reduce the 5G module ASP for mass commercialization. However, 5G adoption hasn’t picked up as expected. We see 5G peaking in the global cellular IoT module market after 2025.

For detailed research, refer to the following reports available for subscribing clients and also for individual subscription:

Counterpoint tracks and forecasts on a quarterly basis 1450+ IoT module SKUs’ shipments, revenues and ASP performance across 80+ IoT module vendors, 12+ chipset players, 18+ IoT applications and 10 major geographies

*Note: We have updated regional ranking data as per industry feedback (as of Oct 2022) which indicates Quectel led in India shipment share during Q4 2021.

Background

Analyst Contacts:

Soumen Mandal

Neil Shah

Counterpoint Research

press(at)counterpointresearch.com

Related Reports:

Global Cellular IoT Module Shipments Grow 70% YoY in Q3 2021; 5G Module Shipments up 700% YoY

Quectel and Qualcomm led the global cellular IoT module and chipset markets respectively in Q3 2021.
NB-IoT contributed to more than one-third of the cellular IoT module market.
Smart meter, POS, enterprise, industrial and router/CPE were the top five applications in this quarter.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – December 9, 2021

Global cellular IoT module shipments grew 70% YoY in Q3 2021, according to the latest research from Counterpoint’s Global Cellular IoT Module, Chipset and Application Tracker. In terms of overall revenue, the market crossed the $1.5-billion mark during the quarter. China continued to dominate in terms of volume, followed by North America and Europe. 5G was the fastest growing technology (+700% YoY) due to a lower base.

Commenting on the market dynamics, Research Analyst Soumen Mandal said, “Chinese module players performed well during this quarter while some international players struggled. Quectel, Fibocom and China Mobile were the top three cellular IoT module players in China in terms of shipments. For the rest of the world, Quectel, Telit and Thales were the top three cellular IoT module players.

Quectel’s cellular IoT module shipments grew nearly 80% YoY in Q3 2021. NB-IoT and 4G Cat 1 modules were major drivers for this immense growth. In this quarter, Quectel won some bids for 5G, including for 5G C-V2X with Great Wall Motor, high-speed rail applications with China Mobile, industrial applications with China’s industry and information technology ministry, 5G module with China Mobile and a customized project with China Unicom. We expect 5G module shipments to gain traction from early next year.

Fibocom maintained its second position in the global cellular IoT module market. The strong demand for NB-IoT modules helped Fibocom’s module shipments grow 84% YoY. Fibocom is also focussing more on 4G Cat 1 and Cat 1 bis modules. We expect to witness more competition in Cat 1 bis space next year.

China Mobile entered the top three module player rankings during this quarter. Its total shipments tripled annually in Q3 2021. The Chinese market is witnessing a lot of traction for NB-IoT and 4G Cat 1 modules as 2G or 3G modules are being replaced in most cases.

All the top five module players in Q3 2021 were from China. MeiG Smart is another Chinese player witnessing continuous growth. Automotive-grade NAD IoT module players Rolling Wireless and LG raced into the top 10 module players rankings as demand for connected cars continued to rise.”

Global Cellular IoT Module Shipment Share by Module Vendor, Q3 2021

Source: Counterpoint Global Cellular IoT Module, Chipset and Application Tracker, Q3 2021

Smart meter, POS and retail were the top three fastest-growing applications. The ongoing chip shortage had a negative impact on the automotive segment. Chipset dynamics are also changing depending on applications and technologies.

Global Cellular IoT Chipset Shipment Share by Chipset Vendor, Q3 2021

Source: Counterpoint Regional Cellular IoT Module, Chipset and Application Tracker, Q3 2021

Commenting on the cellular IoT chipset supplier landscape, Vice-president Research Neil Shah said, “Qualcomm is leading in the global cellular IoT chipset market with more than one-third share. However, the company lost nearly 4% market share compared to the previous quarter. Still, Qualcomm is the leading chipset provider across 4G Cat 4, 4G Cat Others, 5G, LPWA Dual Mode, LTE-M and 3G technologies.

UNISOC, the second-largest cellular IoT chipset player, surpassed Qualcomm to lead in the 4G Cat 1 market. Cat 1 bis has been gaining traction, boosting UNISOC’s market share. UNISOC was leading across the 4G Cat 1, NB-IoT and 2G technologies in Q3 2021, thanks to volume growth in China and declining share of Huawei HiSilicon, which though still remained the third-largest chipset supplier.”

The overall cellular IoT module ASP decreased by 3% sequentially thanks to the shift towards the cheaper NB-IoT and 4G Cat-1 modules during this quarter. However, 4G Cat 4+ and 5G IoT modules’ ASP rose due to tight supplies. This had minimal impact on total shipments, but if the supply situation doesn’t improve, it could slow down 5G adoption.

For detailed research, refer to the following reports available for subscribing clients and also for individual subscription:

Counterpoint tracks and forecasts on a quarterly basis 80+ IoT module vendors’ shipments, revenues and ASP performance across 12+ chipset players, 18+ IoT applications and 10 major geographies.

Background

Analyst Contacts:

Soumen Mandal

Neil Shah

Counterpoint Research

press(at)counterpointresearch.com

Related Reports:

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