Global cellular IoT module shipments grew 35% annually, says Counterpoint

The latest study from Counterpoint Technology Market Research’s IoT service shows that global cellular IoT module shipments grew 35% on a year-on-year basis, and will keep gaining momentum in volume with technologies such as 4G, LTE-M and NB-IoT that will continue to drive the market.

The cellular IoT market is currently ruled by SIMCom Wireless, Sierra Wireless, Gemalto, Telit Communications, and u-blox. These five companies contribute two-third of the cellular module volume shipments and revenues of up to 85%.

SIMCom Wireless saw a growth of 122% on an annual basis, while holding 23% of the market share in cellular module volume, Counterpoint said. In the first-half of 2017, the company received certification from Verizon Wireless for its new low-power LTE Cat M1 solution.

The annual growth of Sierra Wireless was 23% in shipments volume. It led the market in terms of revenue with 32% market share. The company’s AirPrime AR Series embedded modules and Legato platform is going to power Car-Net connectivity for Volkswagen automobiles beginning in 2018.

Gemalto held the second spot in terms of cellular IoT module revenues with 18% of the market share, and grew 3% on a year-on-year basis. The company’s new Cinterion LTE Cat. M1 looks to deliver low-power and data rate LTE connectivity for Machine-Type-Communication (MTC) to drive power savings targeting10+ years’ battery life.

Telit Communications saw a 7 % year-on-year growth in cellular module volume shipments. It took third place by volumes as well as revenue. During the first-half, it announced that its Cat-NB1 modules are still under testing on T-Mobile’s Narrowband IoT network, which will be launched by mid-2018. u-blox, meanwhile, saw only 2% yearly rise in terms of volume. It lost cellular module volume’s market share for 6.1% in 1H2016 to 4.6 % in 1H2017.

Related Stories

Leave a comment

Alternatively

This will only be used to quickly provide signup information and will not allow us to post to your account or appear on your timeline.

AjeetKumarSingh
21 Sep 2017, 4:24 a.m.

SIMCom Wireless great going!

Reply

Markus Zimmermann
19 Oct 2018, 2:09 p.m.

I don't see Quectel which is very aggressive on the market and also very good in quality and portfolio. Gemalto wil be the next big looser: lost one product portfolio and they are not able to deliver any new module.

Reply