DUBLIN, July 8, 2022 /PRNewswire/ — The “Cellular and LPWA IoT Device Ecosystems – 6th Edition” report has been added to from ResearchAndMarkets.com offer.
The Internet of Things is weaving a new global network of interconnected objects. In the first quarter of 2022, approximately 2.5 billion devices were connected to wide area networks based on cellular or LPWA technologies. The market is very diverse and divided into several ecosystems. Analyst forecasts annual shipments of cellular and non-3GPP LPWA IoT modules to grow at a compound annual growth rate (CAGR) of 18.2%, from 507 million units in 2021 to 1.2 billion units in 2026. Keep up to date with the latest trends from all major regions and verticals with this unique 160-page report.
360 degree overview of major IoT WAN ecosystems.
Comparison of technologies and standards.
Updated profiles of major IoT chipset and module vendors.
Cellular IoT Module Market Data for 2021.
Adoption trends for LPWA technologies including NB-IoT, LTE-M, LoRa and Sigfox.
Cellular and Non-3GPP LPWA IoT Devices Market Forecast to 2026.
2021 has been a pivotal year for the cellular IoT module industry
According to this research report, annual shipments of cellular IoT modules increased by 39% in 2021 to reach 428 million units. Annual revenue grew faster at 54% to reach US$5.3 billion, reflecting strong customer demand in a constrained supply environment. Although the supply shortage has likely resulted in some inventory buildup, several suppliers reported continued strong growth in the first quarter of 2022, suggesting near-term demand remains robust.
The results of the latest market share assessment of cellular IoT module vendors show that the top five cellular module vendors, including Quectel, Fibocom, Sunsea AIoT, Thales, and Telit, hold 68% of the market by revenue. Overall, 2021 was a banner year for the cellular IoT module industry, with all major vendors reporting double-digit growth. ChinaMarket-based vendors continue to outpace the market, in part due to significant growth in the domestic IoT market, which now accounts for over 55% of global cellular module demand.
4G LTE is the dominant technology as LTE Cat-1, NB-IoT and LTE-M are replacing 2G and 3G technologies in low to mid market segments. LTE Cat-1 module shipments nearly tripled during the year, driven by strong China, where national vendor chipsets supporting the LTE Cat-1 bis single-antenna version cost about half the price compared to standard LTE Cat-1 platforms. LTE Cat-1 adoption in the country is somewhat at the expense of NB-IoT shipments which saw slower growth year over year. As in the previous year, shipments of NB-IoT modules were largely limited to China. Internationally, NB-IoT module shipments are in the mid-single digit millions, with demand driven primarily by smart gas meter and smart water meter deployments.
LTE Cat-1 modules are also a significant part of the volume North America, Europe and parts of the Asia Pacific region, although LTE-M is seen as an increasingly attractive alternative for IoT devices with more stringent power consumption and long life cycle requirements. As both LTE-M and NB-IoT are 5G-ready, they are suitable for IoT devices that will remain in the field for more than 10 years, which may prove critical as mobile operators in advanced markets begin to terminate to their 4G LTE networks. towards the end of the decade. LTE-M module shipments today far exceed NB-IoT shipments outside of China. The ability to perform over-the-air software upgrades of LTE-M devices has proven to be the key factor in the technology’s success over NB-IoT.
5G NR module shipments are beginning to take off in product categories such as connected cars and IoT gateways. The latest 3GPP Release 17 introduced 5G NR support for reduced capacity devices (RedCap), extending 5G NR to less complex IoT devices for high-end applications that require faster speeds compared to LTE-M or NB-IoT. The technology will work as a replacement for LTE Cat-4 and LTE Cat-6 devices such as wearables, telematics gateways, industrial meters and alarm panels. Enhanced RedCap (eRedCap) which is part of 3GPP Release 18 will provide better power efficiency and provide a migration path for LTE Cat-1 designs.
Who should read this report?
Cellular and LPWA IoT Device Ecosystems is the premier source for information on all major WAN technologies for the Internet of Things. Whether you are a chipset or module supplier, software supplier, utility, vehicle manufacturer, telecom operator, investor, consultant or government agency, you will get valuable insights from this in-depth research.
Main topics covered:
1 Wide Area Networks for the Internet of Things
1.1 Which objects will be connected to wide area networks?
1.2 What are the technology options?
1.3 What are the main technological ecosystems?
2 3GPP ecosystem
2.1 Technological characteristics
2.1.1 3GPP Release 13 – Overview of LTE-M and NB-IoT
2.1.2 3GPP Release 14 – IoT and C-V2X enhancements
2.1.3 3GPP Release 15 – The first phase of 5G specifications
2.1.4 3GPP Release 16 – URLLC enhancements, IIoT features and 5G NR C-V2X
2.1.5 3GPP Release 17 – RedCap and non-terrestrial network communications
2.1.6 Network footprint
2.1.7 2G mobile networks
2.1.8 3G/4G mobile networks
2.1.9 4G/5G mobile IoT networks (LTE-M and NB-IoT)
2.1.10 5G mobile networks
2.2 Semiconductor Suppliers
2.3 Module providers
3 LoRa and LoRaWAN ecosystem
3.1 Technological characteristics
3.2 Network footprint
3.3 Semiconductor and Module Suppliers
3.3.2 Other Semiconductor Suppliers
3.3.3 LoRa Module Suppliers
4 Sigfox ecosystem
4.1 Technological characteristics
4.2 Network footprint
4.2.2 The Americas
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 Planned global satellite coverage in collaboration with Eutelsat
4.2.6 Examples of major use cases of Sigfox
4.3 Semiconductor and Module Suppliers
4.3.1 Semiconductor Suppliers
4.3.2 Sigfox module suppliers
5 Emerging LPWA Ecosystems
5.1 IEEE 802.15.4
5.1.1 802.15.4-based connectivity stacks
5.1.2 Network footprint
5.2 Wire mesh
5.3 DECT-2020 NR
5.5 Chipset and Module Suppliers
6 vertical market segments
6.1 Motor vehicles
6.1.1 OEM Connected Car Applications
6.1.2 Aftermarket Connected Car Applications
6.1.3 Connected commercial vehicle applications
6.2 Energy and infrastructure
6.3 Industry & Transport
7 Market Forecasts and Trends
7.1 Market Summary
7.2 3GPP family
7.5 Emerging LPWA Technologies
For more information on this report, visit https://www.researchandmarkets.com/r/pyi7pt
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