Cellular IoT Market Share

Market Share of Cellular IoT Industry

The cellular internet of things (IoT) market is semi-consolidated due to a few large and small players in both domestic and international markets. Because of a few technological behemoths, the market appears to be semi-consolidated. Product innovation and mergers and acquisitions are key market strategies the major players employ. The following are some of the market's most significant developments:

In February 2023, Qualcomm, a US mobile chip company, launched a new platform Qualcomm Aware, a cloud-friendly bundle that includes Qualcomm silicon and an ecosystem of hardware and software partners. The concept appears to be a one-stop shop for all types of IoT projects overseen by Qualcomm. Furthermore, "Qualcomm Aware is designed to provide organizations across industries with a scalable, cost-effective, capital-efficient investment solution that accelerates time to market, simplifies digital transformation, and delivers transformative insights needed to reduce risk, make more informed business decisions, and navigate cross-industry challenges."

In November 2022, Quectel Wireless Solutions, a global IoT and automotive solutions provider, announced the release of its new AG18 automotive module, one of the next generation of cellular vehicle-to-everything (C-V2X) modules. With PC5 direct communications, the module allows vehicles to communicate with one another and with their surroundings effectively, ensuring improved safety and traffic efficiency.

Furthermore, the AG18 supports vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-pedestrian (V2P) communications on the unified 5.9GHz intelligent transportation system (ITS) band without the need for a (U)SIM, cellular subscription, or network assistance. In addition to superior C-V2X communication capabilities, the AG18 module includes flexible positioning service options such as L1+L5 dual frequency GNSS, Qualcomm Dead Reckoning (QDR3), and high-precision PPE (RTK), ensuring that global automotive OEMs and Tier 1 suppliers can leverage location technology appropriate to their application requirements.

Cellular Internet of Things (IoT) Market Leaders

1. Qualcomm Technologies Inc.

2. Texas Instruments Incorporated

3. Gemalto N.V.

4. Sierra Wireless

5. U-Blox Holding AG

*Disclaimer: Major Players sorted in no particular order