Overview:
- IoT module shipments decreased by 3% in Q4 2023 compared to Q4 2022.
- Quectel, Fibocom and China Mobile are the top three players globally in terms of shipments.
- Telit Cinterion is the only international brand in the top 5 IoT module vendor rankings.
- Smart meters, POS and automotive lead as the top three applications.
- Global module shipments to grow at 9.4% CAGR to reach 911 million units by 2030.
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Author
Varun Gupta
Varun is a Research Analyst at Counterpoint Technology Market Research, specializing in eSIM, FWA, Broadband, IoT, emerging devices, and IP licensing. His role focuses on uncovering trends and opportunities within these dynamic sectors, leveraging his keen insights and industry experience to support the evolving needs of our clients. Prior to joining Counterpoint, Varun contributed to the consumer electronics field with Dyson, where he gained hands-on experience in market dynamics and product innovation. Based in Bangalore, he is passionate about exploring advancements across robotics, automobiles, and smartphones. He holds a Bachelor of Technology in Mechanical Engineering from Delhi College of Engineering.
Hanumant Pawar
Hanumant Pawar, in Counterpoint's IoT research, focuses on the cellular IoT module market and applications like smart meters and point-of-sale devices. He holds a bachelor’s degree in mechanical engineering from Pune University.
