Global Cellular IoT Module Market Analysis: Q1 2021
Overview:
- Global cellular IoT module shipments increased by 50% YoY and 11% QoQ during Q1 2021. The market made a tremendous comeback during the quarter as the COVID-19 pandemic was under control globally in that period.
- We expect IoT module market to increase further as new projects implementation have started and COVD-19 accelerated IoT adoption across all industry verticals.
- Europe, North America and Japan registered healthy growth annually while Latin America was the only region that did not grow in terms of revenue during Q1 2021.
- China maintained its lead across geographies with a growing demand for cellular IoT modules.
- Quectel and Qualcomm maintained their top positions in the cellular IoT module vendor and chipset player market shares, respectively.
- Automotive, router/CPE and industrial are the top three applications in terms of revenue.
- 5G captured nearly 20% share of the IoT module revenues during this quarter.
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Soumen Mandal
Soumen is a Senior Analyst tracking IoT, Automotive and Telecommunication ecosystem at Counterpoint Technology Market Research. He is interested in IoT applications, connections, components, electric vehicles, connected cars, autonomous vehicles, semiconductors, shared mobility, services and emerging technologies. He started his career as an Energy Analyst with Manikaran Power Ltd. He has experience working with DISCOMs and SLDCs in the Indian power and energy industry. He is currently based in Gurgaon. He holds an Electrical Engineering degree and an MBA in Marketing & Finance.
Anish Khajuria
Anish is an Analyst at Counterpoint Research with over four years of experience in the IoT and emerging technologies sector. His work focuses on analyzing market trends and delivering insightful reports that help shape strategic decisions. Anish's expertise spans across AI, edge computing and digital transformation, making him a pivotal player in the tech industry's evolving landscape. He’s passionate about driving innovation and crafting smart solutions that redefine connectivity and efficiency.
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