Industry: Service & Software
Published Date: 2025-02-27
Pages: 96 Pages
Report ld: 4308175
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Cellular IoT Market Size(US$)

CAGR 2025-2031
7%
Market Size,2031
USD 3,309
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Cellular IoT was valued at US$ 2078 million in the year 2024 and is projected to reach a revised size of US$ 3309 million by 2031, growing at a CAGR of 7.0% during the forecast period.
Cellular IoT is a Low Power Wide Area Network (LPWAN) radio technology standard developed to enable a wide range of devices and services to be connected using cellular telecommunications bands.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China"s data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
This report aims to provide a comprehensive presentation of the global market for Cellular IoT, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cellular IoT.
The Cellular IoT market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Cellular IoT market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Cellular IoT companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Cellular IoT company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Cellular IoT Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 2G
1.2.3 3G
1.2.4 4G
1.2.5 LTE
1.2.6 NB–IoT
1.2.7 5G
1.2.8 Others
1.3 Market by Application
1.3.1 Global Cellular IoT Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Agriculture
1.3.3 Environmental Monitoring
1.3.4 Automotive & Transportation
1.3.5 Energy
1.3.6 HealthCare
1.3.7 Manufacturing
1.3.8 Retail
1.3.9 Smart City
1.3.10 Consumer Electronics
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Cellular IoT Market Perspective (2020-2031)
2.2 Global Cellular IoT Growth Trends by Region
2.2.1 Global Cellular IoT Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Cellular IoT Historic Market Size by Region (2020-2025)
2.2.3 Cellular IoT Forecasted Market Size by Region (2026-2031)
2.3 Cellular IoT Market Dynamics
2.3.1 Cellular IoT Industry Trends
2.3.2 Cellular IoT Market Drivers
2.3.3 Cellular IoT Market Challenges
2.3.4 Cellular IoT Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Cellular IoT Players by Revenue
3.1.1 Global Top Cellular IoT Players by Revenue (2020-2025)
3.1.2 Global Cellular IoT Revenue Market Share by Players (2020-2025)
3.2 Global Cellular IoT Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Cellular IoT Revenue
3.4 Global Cellular IoT Market Concentration Ratio
3.4.1 Global Cellular IoT Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Cellular IoT Revenue in 2024
3.5 Global Key Players of Cellular IoT Head office and Area Served
3.6 Global Key Players of Cellular IoT, Product and Application
3.7 Global Key Players of Cellular IoT, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Cellular IoT Breakdown Data by Type
4.1 Global Cellular IoT Historic Market Size by Type (2020-2025)
4.2 Global Cellular IoT Forecasted Market Size by Type (2026-2031)
5 Cellular IoT Breakdown Data by Application
5.1 Global Cellular IoT Historic Market Size by Application (2020-2025)
5.2 Global Cellular IoT Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Cellular IoT Market Size (2020-2031)
6.2 North America Cellular IoT Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Cellular IoT Market Size by Country (2020-2025)
6.4 North America Cellular IoT Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Cellular IoT Market Size (2020-2031)
7.2 Europe Cellular IoT Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Cellular IoT Market Size by Country (2020-2025)
7.4 Europe Cellular IoT Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Cellular IoT Market Size (2020-2031)
8.2 Asia-Pacific Cellular IoT Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Cellular IoT Market Size by Region (2020-2025)
8.4 Asia-Pacific Cellular IoT Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Cellular IoT Market Size (2020-2031)
9.2 Latin America Cellular IoT Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Cellular IoT Market Size by Country (2020-2025)
9.4 Latin America Cellular IoT Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Cellular IoT Market Size (2020-2031)
10.2 Middle East & Africa Cellular IoT Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Cellular IoT Market Size by Country (2020-2025)
10.4 Middle East & Africa Cellular IoT Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Qualcomm Inc.
11.1.1 Qualcomm Inc. Company Details
11.1.2 Qualcomm Inc. Business Overview
11.1.3 Qualcomm Inc. Cellular IoT Introduction
11.1.4 Qualcomm Inc. Revenue in Cellular IoT Business (2020-2025)
11.1.5 Qualcomm Inc. Recent Development
11.2 Sierra Wireless
11.2.1 Sierra Wireless Company Details
11.2.2 Sierra Wireless Business Overview
11.2.3 Sierra Wireless Cellular IoT Introduction
11.2.4 Sierra Wireless Revenue in Cellular IoT Business (2020-2025)
11.2.5 Sierra Wireless Recent Development
11.3 Gemalto NV
11.3.1 Gemalto NV Company Details
11.3.2 Gemalto NV Business Overview
11.3.3 Gemalto NV Cellular IoT Introduction
11.3.4 Gemalto NV Revenue in Cellular IoT Business (2020-2025)
11.3.5 Gemalto NV Recent Development
11.4 Telit Communications PLC
11.4.1 Telit Communications PLC Company Details
11.4.2 Telit Communications PLC Business Overview
11.4.3 Telit Communications PLC Cellular IoT Introduction
11.4.4 Telit Communications PLC Revenue in Cellular IoT Business (2020-2025)
11.4.5 Telit Communications PLC Recent Development
11.5 U–Blox Holding AG
11.5.1 U–Blox Holding AG Company Details
11.5.2 U–Blox Holding AG Business Overview
11.5.3 U–Blox Holding AG Cellular IoT Introduction
11.5.4 U–Blox Holding AG Revenue in Cellular IoT Business (2020-2025)
11.5.5 U–Blox Holding AG Recent Development
11.6 ZTE Corporation
11.6.1 ZTE Corporation Company Details
11.6.2 ZTE Corporation Business Overview
11.6.3 ZTE Corporation Cellular IoT Introduction
11.6.4 ZTE Corporation Revenue in Cellular IoT Business (2020-2025)
11.6.5 ZTE Corporation Recent Development
11.7 Sequans Communication
11.7.1 Sequans Communication Company Details
11.7.2 Sequans Communication Business Overview
11.7.3 Sequans Communication Cellular IoT Introduction
11.7.4 Sequans Communication Revenue in Cellular IoT Business (2020-2025)
11.7.5 Sequans Communication Recent Development
11.8 Mediatek Inc.
11.8.1 Mediatek Inc. Company Details
11.8.2 Mediatek Inc. Business Overview
11.8.3 Mediatek Inc. Cellular IoT Introduction
11.8.4 Mediatek Inc. Revenue in Cellular IoT Business (2020-2025)
11.8.5 Mediatek Inc. Recent Development
11.9 Murata
11.9.1 Murata Company Details
11.9.2 Murata Business Overview
11.9.3 Murata Cellular IoT Introduction
11.9.4 Murata Revenue in Cellular IoT Business (2020-2025)
11.9.5 Murata Recent Development
11.10 Digi
11.10.1 Digi Company Details
11.10.2 Digi Business Overview
11.10.3 Digi Cellular IoT Introduction
11.10.4 Digi Revenue in Cellular IoT Business (2020-2025)
11.10.5 Digi Recent Development
11.11 Fibocom
11.11.1 Fibocom Company Details
11.11.2 Fibocom Business Overview
11.11.3 Fibocom Cellular IoT Introduction
11.11.4 Fibocom Revenue in Cellular IoT Business (2020-2025)
11.11.5 Fibocom Recent Development
11.12 GosuncnWelink
11.12.1 GosuncnWelink Company Details
11.12.2 GosuncnWelink Business Overview
11.12.3 GosuncnWelink Cellular IoT Introduction
11.12.4 GosuncnWelink Revenue in Cellular IoT Business (2020-2025)
11.12.5 GosuncnWelink Recent Development
11.13 Multi-Tech Systems Inc
11.13.1 Multi-Tech Systems Inc Company Details
11.13.2 Multi-Tech Systems Inc Business Overview
11.13.3 Multi-Tech Systems Inc Cellular IoT Introduction
11.13.4 Multi-Tech Systems Inc Revenue in Cellular IoT Business (2020-2025)
11.13.5 Multi-Tech Systems Inc Recent Development
11.14 Neowa
11.14.1 Neowa Company Details
11.14.2 Neowa Business Overview
11.14.3 Neowa Cellular IoT Introduction
11.14.4 Neowa Revenue in Cellular IoT Business (2020-2025)
11.14.5 Neowa Recent Development
11.15 Nordic Semiconductor
11.15.1 Nordic Semiconductor Company Details
11.15.2 Nordic Semiconductor Business Overview
11.15.3 Nordic Semiconductor Cellular IoT Introduction
11.15.4 Nordic Semiconductor Revenue in Cellular IoT Business (2020-2025)
11.15.5 Nordic Semiconductor Recent Development
11.16 Pycom
11.16.1 Pycom Company Details
11.16.2 Pycom Business Overview
11.16.3 Pycom Cellular IoT Introduction
11.16.4 Pycom Revenue in Cellular IoT Business (2020-2025)
11.16.5 Pycom Recent Development
11.17 Quectel
11.17.1 Quectel Company Details
11.17.2 Quectel Business Overview
11.17.3 Quectel Cellular IoT Introduction
11.17.4 Quectel Revenue in Cellular IoT Business (2020-2025)
11.17.5 Quectel Recent Development
11.18 Sercomm
11.18.1 Sercomm Company Details
11.18.2 Sercomm Business Overview
11.18.3 Sercomm Cellular IoT Introduction
11.18.4 Sercomm Revenue in Cellular IoT Business (2020-2025)
11.18.5 Sercomm Recent Development
11.19 Shanghai Yuge Information Technology
11.19.1 Shanghai Yuge Information Technology Company Details
11.19.2 Shanghai Yuge Information Technology Business Overview
11.19.3 Shanghai Yuge Information Technology Cellular IoT Introduction
11.19.4 Shanghai Yuge Information Technology Revenue in Cellular IoT Business (2020-2025)
11.19.5 Shanghai Yuge Information Technology Recent Development
11.20 SIMCom
11.20.1 SIMCom Company Details
11.20.2 SIMCom Business Overview
11.20.3 SIMCom Cellular IoT Introduction
11.20.4 SIMCom Revenue in Cellular IoT Business (2020-2025)
11.20.5 SIMCom Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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