Cellular IoT and Low-power Wide-area Network (LPWAN) Modules Adapts to 5G and Non-Terrestrial Innovations, 2023 Research Study with Forecasts to 2026

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Mar 29, 2024, 13:15 ET

DUBLIN, March 29, 2024 /PRNewswire/ -- The "Cellular IoT and Low-power Wide-area Network (LPWAN) Modules Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

This study analyzes the global cellular and LPWAN module market in terms of module shipment, with the forecast period running from 2023 to 2026. The study also estimates total module shipment by type of technology and the cellular IoT and LPWAN share for 2022.

Leading IoT module manufacturers' innovative business models, industry convergence between cellular IoT and low-power wide-area network (LPWAN), and the emergence of innovative technologies, such as non-terrestrial networks (NTN) and 5G-based hardware, are strategic imperatives transforming the global cellular IoT and LPWAN module market.

New use-cases, such as healthcare, connected and autonomous cars, wearables, metaverse and immersive experiences, manufacturing, and smart mobility are gaining traction, resulting in the increasing demand for low-cost and low-power consumption IoT connectivity and modules.

While NB-IoT module shipment is higher in Asia-Pacific, with China concentrating the market with domestic companies, such as Quectel, Fibocom, and SUNSEA, LTE-M is growing rapidly in North America. In the western hemisphere, proprietary LPWAN, such as LoRaWAN and Sigfox, is gaining traction, while new protocols, including Amazon Sidewalk and Wi-SUN, are emerging slowly. Finally, 5G is anticipated to accelerate its expansion in 2024 with network rollouts, cost reductions, and the commercial launch of 5G RedCap.

Supply chains interrupted by the COVID-19 pandemic impacted the supply of IoT chipsets and modules in 2020 and 2021, resulting in a device shortage and elevated costs. In 2022, the market started to recover, but it grew less than industry expectations. However, from 2022 to 2026, it is expected to improve with a 19.3% compound annual growth rate (CAGR).

Growth opportunities include:

5G and LTE-M modules for wearables, healthcare, and remote monitoring
LoRaWAN for smart metering (gas, water, and electricity)
5G for cellular vehicle-to-everything (C-V2X)
NB-IoT and satellite connectivity for agribusinesses
Sigfox for asset tracking and supply chain

Key Topics Covered:

1. Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Cellular IoT and LPWAN Modules Industry
Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis

Scope of Analysis
Market Definitions
Segmentation by Type and Technology
Key Questions this Study will Answer

3. Vendor Landscape

Manufacturers - Key Competitors

4. Growth Opportunity Analysis

Growth Metrics
Forecast Assumptions
Growth Drivers
Growth Restraints
Global IoT Module Shipment
Global IoT Module Shipment Analysis
Global IoT Module Shipment by Type
Global IoT Module Shipment by Type Analysis
Global IoT Module Shipment Share by Technology
Global IoT Module Shipment Share by Technology Analysis

5. Company Profiles

Quectel
Fibocom
Telit Cinterion
Sunsea AIoT
China Mobile IoT
Semtech/Sierra Wireless
u-blox
Neoway Technology
MeiG Smart Technology
Sequans

For more information about this report visit https://www.researchandmarkets.com/r/25s6jy

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