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Cellular IoT Market by Offering , Type, End-Use Application & Geography - Global Forecast to 2022

Cellular IoT Market: Global Forecast until 2022

  • January 2017
  • 164 pages
  • ID: 4666421
In this report:
The cellular IoT market for NB-IoT-enabled devices is expected to register a shipment of ##.## units in 2017 and is expected to reach ##.## million units by 2022, growing at a CAGR of ##.##% between 2017 and 2022.
The cellular IoT market segmented on the basis of type registered a shipment of ##.## million units in 2015 and is expected to reach ##.## million units by 2022, growing at a CAGR of ##.##% between 2016 and 2022.

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"Need for low-power consumption and low cost of deployment is predicted to push the cellular IoT market"

The cellular IoT market is forecasted to grow from ~$1.3B in 2015 to ~$5.3B by 2022, at a compound annual growth rate of ~23.3 percent during the forecast period. Increasing demand for extended network coverage and capacity to accommodate big number of connected devices are forecast to steer the industry for cellular IoT. Nevertheless, technology fragmentation and lack of regulation for spectrum allocation is anticipated to rescript the increase of this market.

"Increasing demand for long-range connectivity and low power consumption drives the rise of NB-IoT in cellular IoT market"

The industry demand for long-range communications due to the growth in demand for connectivity between mobile objects or objects spread out across a wide area drives the increase of NB-IoT market. Also, NB-IoT offers low power utilization and extended coverage in comparison to existing technologies including LoRa and SigFox and is therefore anticipated to be widely adopted by different sectors.

"Smart meters and smart grids are forecast to steer cellular IoT market in energy sector"

Cellular technologies are now being deployed in smart meter and smart grid for point-to-point communication with individual meters. Furthermore, when utility firms opt for cellular communications, they can rely on the mobile operator to offer the network instead of bearing the cost of deploying, operating, and maintaining the entire communications infrastructure themselves. By outsourcing it to mobile operators, corporations can reduce both installation costs and implementation time for their smart metering projects.

"Cellular IoT market in APAC to grow at an important rate"

Countries including China (CN), Japan (JP), South Korea (KR), and India (IN) are investing heavily for the implementation of IoT in infrastructure which is predicted to push the cellular IoT market in Asia-Pac. In Asia-Pac, many projects are in the initial phase of designing with implementation of some ongoing projects. There are still many projects to be initialized during the outlook period which offers tremendous increase opportunities for the smart solution vendors.

The breakup of the profile of primary members taking part has been provided below:

- By Firms: Tier 1 - 20 %, Tier 2 - 35.0 percent, and Tier 3 - 45.0 percent

- By Designation: C-suite executives - 25.0 percent, Directors - 35.0 percent, and Others - 40.0 percent

- By area: North america (NA) - 50.0 percent, Europe - 30.0 percent, Asia-Pacific - 10.0 percent, and rest of the world - 10.0 percent

This industry report offers valuable insights into ecosystem of this market including chipset manufacturer, and device manufacturer firms. The main players in the cellular-IoT market are Qualcomm (NASDAQ:QCOM), Gemalto N.V., Sierra Wireless, U-Blox Holding AG, MediaTek Inc., Telit Communications PLC, ZTE Corporation, Mistbase, Sequans Communications and CommSolid GmbH.

Segment Research

The cellular IoT market has been split on the basis of offering, category, end-use application, and area. The sector established on offering has been further divided into hardware, software. The industry established on category includes 2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IoT, and 5G. The cellular IoT market established on end-use application are agriculture, environmental monitoring, and healthcare, building automation, automotive and transportation, and many others. On the basis of geography, the sector has been divided into north america, Europe (EU), Asia Pacific (APAC) and Rest of the globe.

Why Purchasing This Study Can Help You:

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the cellular IoT market comprehensively and offers the closest approximations of the market sizes for the global market and subsegments across the distinct applications and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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