Overview:
- IoT module shipments almost flat (1% growth) in Q1’23 compared to Q1’22.
- Quectel, Fibocom and Telit Cinterion are top three players globally in terms of shipments.
- Smart meters, POS and automotive gained in shipments while the industrial segment lags among the top application segments.
- 5G emerged as the fastest (80% YoY) growing wireless connectivity, followed by 4G Cat 1 bis (76% YoY) in Q1 2023.
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Author
Subhadip Roy
Subhadip Roy is a Research Analyst at Counterpoint, specializing in IoT cellular modules, chipsets, NAD modules, Satellite IoT, and IoT applications. With a technical background, Subhadip holds a B-Tech degree in Electrical Engineering from West Bengal University of Engineering. He contributes to research and analysis in the evolving IoT industry, with a focus on technological advancements and market trends.
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.
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.
