2018 Was a Record-Breaking US$3 Billion Year for Cellular IoT Module Vendors

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By Jamie Moss | 3Q 2019 | IN-5577

 

The "Right" Shipments

NEWS


The Internet of Things (IoT) experienced a record-breaking year for cellular module revenues in 2018. Annual revenues increased one and a half times faster than shipments, exceeding the US$3 billion mark worldwide. After an extended period of fourth quarter reporting that lasted into May 2019, substantial growth was recorded in module shipments, too, albeit less so than in 2017. Crucially, however, 2018’s shipments were firmly focused on the “right” module products, propelling this increasingly competitive market onward. The module vendor market experienced notable structural reorganization during 2018, which also represented89 a year when the long-tail vendor community started to need to be taken seriously.

In regard to the internal dynamics of today’s cellular module market, there are 40-odd vendors worldwide that are considered “serious” in terms of either the size of their module business or their specialization as module vendors....

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