Cellular IoT Market
Cellular IoT Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Cellular IoT Market Size and Growth
The Cellular IoT market is experiencing robust growth, driven by increasing demand for connected devices across sectors. The market size was valued at approximately $40 billion in 2023, with projections indicating a CAGR of over 25% through 2030. Key drivers include advancements in 5G technology and enhanced connectivity solutions.
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Companies Covered
(Covid 19 Impact Covered)
◍ Qualcomm Inc. (U.S.)
◍ Sierra Wireless
◍ Gemalto NV
◍ Telit Communications PLC
◍ U–Blox Holding AG
◍ Texas Instruments
◍ ZTE Corporation
◍ Sequans Communication
◍ Mistbase Communication System
◍ Mediatek Inc.
◍ Commsolid GmbH
The Cellular IoT market features key players like Qualcomm, Sierra Wireless, and Telit, leveraging their technologies for connectivity solutions. Their innovations enhance IoT applications across industries, driving adoption. Companies like Qualcomm and MediaTek report revenues in the billions, contributing substantially to accelerating growth in the Cellular IoT sector.
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Market Segmentation
By Application
Agriculture
Environmental Monitoring
Automotive & Transportation
Energy
HealthCare
Manufacturing
Retail
Smart City
Consumer Electronics ◍ Others
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By Product
2G
3G
4G
LTE–M
NB–LTE–M
NB–IoT
5G
Market Growth
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$ X Billion USD
