Breaking News
Technology
Unlocking the Potential: The Future of Cellular IoT and LPWAN Modules in Technology
DUBLIN, March 29, 2024 – ResearchAndMarkets.com proudly announces the addition of the comprehensive "Cellular IoT and Low-power Wide-area Network (LPWAN) Modules Growth Opportunities" report to their extensive offering, providing crucial insights into the rapidly evolving market of IoT connectivity.
The latest study meticulously analyzes the global cellular IoT and LPWAN module market, focusing on the projected shipment of modules from the year 2023 to 2026. This deep dive into market dynamics comes with an informed forecast, segmenting total module shipments by various technologies while also reflecting on the IoT and LPWAN sectors' market share for 2022.
The landscape of IoT module markets is experiencing a transformation thanks to innovative business models from leading manufacturers, industry convergence, and the advent of ground-breaking technologies like Non-Terrestrial Networks (NTN) and 5G-enabled hardware. These strategic imperatives are reshaping the market, setting new directions for the future of cellular IoT and LPWAN modules.
As the world edges closer to adopting cutting-edge technological utility in everyday life, new application cases across sectors such as healthcare, automotive in the form of connected and autonomous vehicles, wearable technology, immersive experiences in the metaverse, industrial manufacturing, and smart mobility infrastructure are emerging. The surge in such applications is fueling the demand for IoT connectivity solutions that are not only cost-effective but are also characterized by their low power consumption.
Region-specific growth patterns are evident, with the Asia-Pacific region, heavily influenced by China's market presence with companies like Quectel, Fibocom, and SUNSEA leading the way. Notably, the narrowband Internet of Things (NB-IoT) module shipment is quite significant in this area. Across the Pacific, in North America, LTE-M technology is rapidly escalating in popularity. The western hemisphere is witnessing a growing interest in proprietary LPWAN solutions such as LoRaWAN and Sigfox, alongside a slow but steady emergence of newer protocols, including Amazon Sidewalk and Wi-SUN. With anticipation building around 5G, the explosive growth expected in 2024 rests on network rollouts, strides in affordability, and the launch of the novel 5G RedCap technology.
The global pandemic brought on by COVID-19 severely disrupted supply chains, critically impacting the availability of IoT chipsets and modules during 2020 and 2021. This unforeseen event precipitated a shortage of devices and consequently, an increase in costs. Although the recovery began in 2022, market growth was recorded at a pace slower than initial industry expectations. However, a robust recovery, marked by a significant compound annual growth rate (CAGR) of 19.3%, is forecasted for the period extending from 2022 to 2026.
Several growth opportunities stand out in this evolving market, including:
The report brings forth a detailed analysis encapsulating several key areas:
Strategic Imperatives: It outlines the challenges faced in growth, elucidates the strategic imperative, discusses the top three strategic imperatives' impact on the IoT and LPWAN modules industry, and highlights growth opportunities.
Growth Opportunity Analysis: This segment covers the scope of the analysis, market definitions, segmentation, and answers critical questions raised by the study.
Vendor Landscape: An overview of the competitive landscape, spotlighting key manufacturers.
In-depth Growth Opportunity Analysis: Here, readers can find growth metrics, forecast assumptions, drivers, and restraints, accompanied by a comprehensive shipment analysis by type and technology.
Company Profiles: An in-depth look at leading companies including Quectel, Fibocom, Telit Cinterion, Sunsea AIoT, China Mobile IoT, Semtech/Sierra Wireless, u-blox, Neoway Technology, MeiG Smart Technology, and Sequans.
For those seeking further insights into this pioneering report, more information is available at the following link: Cellular IoT and Low-power Wide-area Network (LPWAN) Modules Report.
ResearchAndMarkets.com stands as the world's premier provider for global market research reports and pertinent market data. They equip you with the most up-to-date information on international and regional markets, vital industries, main companies, new products, and the latest market trends.
For further details, contact Laura Wood, Senior Manager, via email. The service is available during office hours for different regions:
Customers can reach out via fax through the following numbers:
ResearchAndMarkets.com's commitment to providing thorough and insightful research material is uninterrupted, mirroring the dedication seen in their detailed market reports. Their expertise in dissecting complex data and presenting it in a comprehensible format makes them a valuable resource in the realm of market research.
The provided research material stands as a testament to the ongoing expansion and innovation in the sector of cellular IoT and LPWAN. With these key developments cataloged and the paths for future opportunities clearly laid out, the report functions as an invaluable guide for market players looking to steer their strategies towards growth and adaptation in this dynamic technological landscape.
As the market landscape continually shifts and adapts to new technologies and demands, ResearchAndMarkets.com remains a pivotal resource in understanding these trends and how they impact businesses worldwide. Their compendium of company profiles offers a lens into the movers and shakers of the industry, shaping decisions that echo across the IoT sphere.
Research and Markets hold the title as the authoritative source of the comprehensive report, guiding current and potential stakeholders through the complexities of the IoT module market. Their dedication to delivering detailed analysis ensures that businesses are well-equipped to navigate a future where technology defines the parameters of progress and innovation.
In summary, the "Cellular IoT and Low-power Wide-area Network (LPWAN) Modules Growth Opportunities" report is an essential read for anyone interested in the future of IoT modules. It highlights the synergy between technological advancements and market demands, painting a picture of a future that is interconnected and ever-progressing. With key players, emerging technologies, and strategic growth opportunities identified, this report could very well be the roadmap for success in this exhilarating field of technology.
Researchers, innovators, entrepreneurs, and visionary leaders will find this report to be a treasure trove of information that not only reflects the current state of the IoT and LPWAN market but also sheds light on its trajectory. Those who embrace this knowledge can expect to drive the future of connectivity, making informed decisions that align with an evolving digital world.
As the world braces for a more connected reality, this report serves as a beacon, guiding through the fusion of the digital and the physical realms. It is not just a reflection of where we are but a projection of where we are headed. The mastery of IoT and LPWAN technologies will catalyze new opportunities and foster an environment ripe for innovation – an era where connectivity is not a luxury but a quintessential facet of life.
SOURCE: Research and Markets
The emblem of dedication, quality, and excellence in market research, Research and Markets, provides the foundation and the fuel for growth strategies in the competitive world of IoT modules. With this explorative study, they invite us all to step into the future of technology - one that promises to be as transformative as it is boundless.
For additional information about the expansive and predictive market report on Cellular IoT and Low-power Wide-area Network (LPWAN) Modules, please direct inquiries to the media contact or visit the ResearchAndMarkets website. As we move forward, equipped with the knowledge and the insights from industry experts, the path towards a more connected and technologically adept future becomes abundantly clear.
The extensive analysis provided in this groundbreaking report stands as a testament to the unwavering commitment of Research and Markets in delivering precise, crucial, and transformative market data. This document is a not only a report but a tool for those ready to harness the potential of IoT connectivity and steer towards a landscape flourishing with opportunity.
In conclusion, the "Cellular IoT and Low-power Wide-area Network (LPWAN) Modules Growth Opportunities" report from ResearchAndMarkets.com is more than just another market study – it is a vital compass for a journey into the terrain of innovation where the convergence of connectivity, technology, and strategic foresight paves the way for an exciting tomorrow.
With deep insights and thorough assessments, businesses and innovators will find this report to be the key to unlocking the potential within the cellular IoT and LPWAN module market – a potential that will undoubtedly shape the digital landscape for years to come.
container discovery© 2024 All Rights Reserved