Market Overview:
The global IoT communication module market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for IoT communication modules in various applications such as city service IoT, consumer IoT, industrial internet of things, and others. In addition, the growing demand for cellular communication modules is also contributing to the growth of this market. However, lack of standardization and interoperability among different types of devices may restrain the growth of this market during the forecast period.
Product Definition:
IoT Communication Module is a software module that enables communication between devices in an IoT network. It is responsible for routing messages between devices and managing connections to the network. The importance of IoT Communication Module is that it ensures reliable communication between devices, which is essential for the operation of an IoT network.
Cellular Communication Module:
The global cellular communication module market size was valued at USD 2.64 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for smartphones, tablets, and other smart devices coupled with rapid adoption of 4G/LTE technology across the globe.
Non-cellular Communication Module:
Non-cellular communication module is used in IoT communication modules to establish a wireless connection between the devices. It helps in transferring data without using any wires for communicating. These modules are widely used in smart home automation, smart cities, and other such applications where there is a need to transfer data from one device to another over large distances with minimum power consumption.
Application Insights:
The others segment includes the automotive sector. The growth of this sector is directly proportional to the development of smart cities and smart highways. The consumer electronics segment is also expected to witness significant growth in the future owing to increasing demand for connected devices across all major regions, including North America, Europe, Asia Pacific and Middle East & Africa.
The growing popularity of wearable devices has increased demand for low power IoT communication modules that are compatible with these devices. Moreover, cellular communication module manufacturers are focusing on expanding their product portfolio by launching new products based on GSM technology that offers high data transfer speed and coverage area as compared to Wi-Fi or Bluetooth technologies.
Regional Analysis:
The market in Asia Pacific and South America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing adoption of IoT technology across various sectors such as manufacturing, oil & gas, transportation, electricity distribution etc. In addition, rising number of smart cities projects and initiatives by governments in these regions is anticipated to drive the demand for IoT communication modules in future years.
The North American regional market dominated the global industry with an estimated revenue share of more than 35% in 2017 owing to early adoption of technologies such as 4G/LTE connectivity and cloud-based solutions among others. Moreover, presence of major players such as Qualcomm Inc., Broadcom Inc., Intel Corporation.; along with high disposable income levels among individuals are some other factors that contributed towards large market share held by this region during same year.
Growth Factors:
- Increasing demand for IoT communication module in automotive and transportation sector
- Growing demand for low-power, small form factor and multi-protocol modules
- Proliferation of smart devices and the growing trend of IoT deployments
- Rising number of connected devices and the consequent increase in data traffic
- Emergence of new applications such as 5G, AIoT, etc., that require high bandwidth and low latency
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Communication Module Market Research Report
By Type
Cellular Communication Module, Non-cellular Communication Module
By Application
City Service IoT, Consumer IoT, Industrial Internet of Things, Others
By Companies
Quectel, Sunsea Group, Sierra Wireless, Telit, Gemalto, Fibocom, U-Blox, Neoway Technology, Gosuncn, Huawei, LG Innotek
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global IoT Communication Module Market Report Segments:
The global IoT Communication Module market is segmented on the basis of:
Types
Cellular Communication Module, Non-cellular Communication Module
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
City Service IoT, Consumer IoT, Industrial Internet of Things, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Quectel
- Sunsea Group
- Sierra Wireless
- Telit
- Gemalto
- Fibocom
- U-Blox
- Neoway Technology
- Gosuncn
- Huawei
- LG Innotek
Highlights of The IoT Communication Module Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cellular Communication Module
- Non-cellular Communication Module
- By Application:
- City Service IoT
- Consumer IoT
- Industrial Internet of Things
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IoT Communication Module Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The IoT Communication Module is a chip that can be inserted into devices to enable them to communicate with other devices and the internet. This module can allow devices to send and receive data, as well as control functions.
Some of the major players in the iot communication module market are Quectel, Sunsea Group, Sierra Wireless, Telit, Gemalto, Fibocom, U-Blox, Neoway Technology, Gosuncn, Huawei, LG Innotek.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT Communication Module Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IoT Communication Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT Communication Module Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IoT Communication Module Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IoT Communication Module Market Size & Forecast, 2020-2028
4.5.1 IoT Communication Module Market Size and Y-o-Y Growth
4.5.2 IoT Communication Module Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cellular Communication Module
5.2.2 Non-cellular Communication Module
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 City Service IoT
6.2.2 Consumer IoT
6.2.3 Industrial Internet of Things
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT Communication Module Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IoT Communication Module Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cellular Communication Module
9.6.2 Non-cellular Communication Module
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 City Service IoT
9.10.2 Consumer IoT
9.10.3 Industrial Internet of Things
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cellular Communication Module
10.6.2 Non-cellular Communication Module
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 City Service IoT
10.10.2 Consumer IoT
10.10.3 Industrial Internet of Things
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cellular Communication Module
11.6.2 Non-cellular Communication Module
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 City Service IoT
11.10.2 Consumer IoT
11.10.3 Industrial Internet of Things
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cellular Communication Module
12.6.2 Non-cellular Communication Module
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 City Service IoT
12.10.2 Consumer IoT
12.10.3 Industrial Internet of Things
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cellular Communication Module
13.6.2 Non-cellular Communication Module
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 City Service IoT
13.10.2 Consumer IoT
13.10.3 Industrial Internet of Things
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IoT Communication Module Market: Competitive Dashboard
14.2 Global IoT Communication Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Quectel
14.3.2 Sunsea Group
14.3.3 Sierra Wireless
14.3.4 Telit
14.3.5 Gemalto
14.3.6 Fibocom
14.3.7 U-Blox
14.3.8 Neoway Technology
14.3.9 Gosuncn
14.3.10 Huawei
14.3.11 LG Innotek
