Cellular IoT Module Market Insight

Mar 23, 2024

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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