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Reduced Capability (RedCap) Market Value

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RedCap for the IoT: Milestones and Obstacles

Report | 3Q 2024 | AN-6271

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ABI Research forecasts that the Reduced Capability (RedCap) module market will be worth approximately US$690 million in 2029. In 2028, enhanced RedCap (eRedCap) IoT module revenue is expected to overtake 5G RedCap revenue for the first time. In 2029, revenue of US$430 million is expected from eRedCap sales, equating to 62% of the total RedCap market, with US$260 million projected to come from 5G RedCap sales, making up the remaining 38%.

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