The Cellular IoT Module Market is Now Worth More Than US$2 Billion a Year

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By Jamie Moss | 2Q 2018 | IN-5156

 

A Market Doubled in Five Years

NEWS


In 2017, annual sales of cellular modules for M2M and IoT devices passed US$2 billion for the first time. From the start of the M2M module market in the mid-1990s, it took until 2012 to reach a global annual value of US$1 billion. However, the module business has come just as far again in only five years’ time. The cellular module market is also experiencing increased competition. Arguably originated by Siemens, it has been dominated by a handful of pioneering European and North American vendors for many years, but now there are upwards of 40 active vendors worldwide, many of them in the Asia-Pacific region. Indeed, the most significant individual vendors in terms of unit shipments are now from China. While those few early Western pioneers still account for 55% of shipment revenues, the big question for them is can they hold on to that market share?

A Tale of Two Technologies

IMPACT


Unprecedented quantities of 2G modules were shipped in 2017—approximately 100 million—which is far more …

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