Industry: Service & Software
Published Date: 2026-07-15
Pages: 129 Pages
Report ld: 6970843
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Cellular IoT Market Size(US$)

CAGR 2026-2032
7.0%
Market Size,2032
USD 3,517
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Cellular IoT was estimated to be worth US$ 2208 million in 2025 and is projected to reach US$ 3517 million, growing at a CAGR of 7.0% from 2026 to 2032.
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 provides a comprehensive view of the global market for Cellular IoT, covering total sales revenue, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Cellular IoT market size, estimations, and forecasts are presented in terms of sales revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Cellular IoT.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value). It also summarizes market dynamics and recent developments; identifies key drivers and restraints; outlines challenges and risks for players; reviews relevant industry policies.
Chapter 2: Provides a detailed analysis of the Cellular IoT companies' competitive landscape—including revenue shares, recent development plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Cellular IoT revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Cellular IoT revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product revenue, gross margin, product portfolios, recent developments, etc.
Chapter 8: Analysis of Value Chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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 Market Overview
1.1 Cellular IoT Product Introduction
1.2 Global Cellular IoT Market Size Forecast (2021–2032)
1.3 Cellular IoT Market Trends & Drivers
1.3.1 Cellular IoT Industry Trends
1.3.2 Cellular IoT Market Drivers & Opportunities
1.3.3 Cellular IoT Market Challenges
1.3.4 Cellular IoT Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Cellular IoT Players Revenue Ranking (2025)
2.2 Global Cellular IoT Revenue by Company (2021–2026)
2.3 Key Companies’ R&D and Operations Footprint and Headquarters
2.4 Key Companies Cellular IoT Product Offerings
2.5 Key Companies General Availability (GA) Timeline for Cellular IoT
2.6 Cellular IoT Market Competitive Analysis
2.6.1 Cellular IoT Market Concentration Rate (2021–2026)
2.6.2 Top 5 and Top 10 Global Companies by Cellular IoT Revenue in 2025
2.6.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Cellular IoT revenue, 2025
2.7 Mergers & Acquisitions and Expansion
3 Segmentation Cellular IoT Market Classification
3.1 Introduction by Type
3.1.1 2G
3.1.2 3G
3.1.3 4G
3.1.4 LTE
3.1.5 NB–IoT
3.1.6 5G
3.1.7 Others
3.1.8 Global Cellular IoT Sales Value by Type
3.1.8.1 Global Cellular IoT Sales Value by Type (2021 vs 2025 vs 2032)
3.1.8.2 Global Cellular IoT Sales Value, by Type (2021–2032)
3.1.8.3 Global Cellular IoT Sales Value, by Type (%), 2021–2032
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Agriculture
4.1.2 Environmental Monitoring
4.1.3 Automotive & Transportation
4.1.4 Energy
4.1.5 HealthCare
4.1.6 Manufacturing
4.1.7 Retail
4.1.8 Smart City
4.1.9 Consumer Electronics
4.2 Global Cellular IoT Sales Value by Application
4.2.1 Global Cellular IoT Sales Value by Application (2021 vs 2025 vs 2032)
4.2.2 Global Cellular IoT Sales Value by Application (2021–2032)
4.2.3 Global Cellular IoT Sales Value by Application (%), 2021–2032
5 Segmentation by Region
5.1 Global Cellular IoT Sales Value by Region
5.1.1 Global Cellular IoT Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Cellular IoT Sales Value by Region (2021–2026)
5.1.3 Global Cellular IoT Sales Value by Region (2027–2032)
5.1.4 Global Cellular IoT Sales Value by Region (%), 2021–2032
5.2 North America
5.2.1 North America Cellular IoT Sales Value, 2021–2032
5.2.2 North America Cellular IoT Sales Value by Country (%), 2025 vs 2032
5.3 Europe
5.3.1 Europe Cellular IoT Sales Value, 2021–2032
5.3.2 Europe Cellular IoT Sales Value by Country (%), 2025 vs 2032
5.4 Asia Pacific
5.4.1 Asia Pacific Cellular IoT Sales Value, 2021–2032
5.4.2 Asia Pacific Cellular IoT Sales Value by Subregion (%), 2025 vs 2032
5.5 South America
5.5.1 South America Cellular IoT Sales Value, 2021–2032
5.5.2 South America Cellular IoT Sales Value by Country (%), 2025 vs 2032
5.6 Middle East & Africa
5.6.1 Middle East & Africa Cellular IoT Sales Value, 2021–2032
5.6.2 Middle East & Africa Cellular IoT Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Cellular IoT Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Cellular IoT Sales Value, 2021–2032
6.3 United States
6.3.1 United States Cellular IoT Sales Value, 2021–2032
6.3.2 United States Cellular IoT Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Cellular IoT Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Cellular IoT Sales Value, 2021–2032
6.4.2 Europe Cellular IoT Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Cellular IoT Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Cellular IoT Sales Value, 2021–2032
6.5.2 China Cellular IoT Sales Value by Type (%), 2025 vs 2032
6.5.3 China Cellular IoT Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Cellular IoT Sales Value, 2021–2032
6.6.2 Japan Cellular IoT Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Cellular IoT Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Cellular IoT Sales Value, 2021–2032
6.7.2 South Korea Cellular IoT Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Cellular IoT Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Cellular IoT Sales Value, 2021–2032
6.8.2 Southeast Asia Cellular IoT Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Cellular IoT Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Cellular IoT Sales Value, 2021–2032
6.9.2 India Cellular IoT Sales Value by Type (%), 2025 vs 2032
6.9.3 India Cellular IoT Sales Value by Application, 2025 vs 2032
7 Company Profiles
7.1 Qualcomm Inc.
7.1.1 Qualcomm Inc. Profile
7.1.2 Qualcomm Inc. Main Business
7.1.3 Qualcomm Inc. Cellular IoT Products, Services, and Solutions
7.1.4 Qualcomm Inc. Cellular IoT Revenue (US$ Million), 2021–2026
7.1.5 Qualcomm Inc. Recent Developments
7.2 Sierra Wireless
7.2.1 Sierra Wireless Profile
7.2.2 Sierra Wireless Main Business
7.2.3 Sierra Wireless Cellular IoT Products, Services, and Solutions
7.2.4 Sierra Wireless Cellular IoT Revenue (US$ Million), 2021–2026
7.2.5 Sierra Wireless Recent Developments
7.3 Gemalto NV
7.3.1 Gemalto NV Profile
7.3.2 Gemalto NV Main Business
7.3.3 Gemalto NV Cellular IoT Products, Services, and Solutions
7.3.4 Gemalto NV Cellular IoT Revenue (US$ Million), 2021–2026
7.3.5 Gemalto NV Recent Developments
7.4 Telit Communications PLC
7.4.1 Telit Communications PLC Profile
7.4.2 Telit Communications PLC Main Business
7.4.3 Telit Communications PLC Cellular IoT Products, Services, and Solutions
7.4.4 Telit Communications PLC Cellular IoT Revenue (US$ Million), 2021–2026
7.4.5 Telit Communications PLC Recent Developments
7.5 U–Blox Holding AG
7.5.1 U–Blox Holding AG Profile
7.5.2 U–Blox Holding AG Main Business
7.5.3 U–Blox Holding AG Cellular IoT Products, Services, and Solutions
7.5.4 U–Blox Holding AG Cellular IoT Revenue (US$ Million), 2021–2026
7.5.5 U–Blox Holding AG Recent Developments
7.6 ZTE Corporation
7.6.1 ZTE Corporation Profile
7.6.2 ZTE Corporation Main Business
7.6.3 ZTE Corporation Cellular IoT Products, Services, and Solutions
7.6.4 ZTE Corporation Cellular IoT Revenue (US$ Million), 2021–2026
7.6.5 ZTE Corporation Recent Developments
7.7 Sequans Communication
7.7.1 Sequans Communication Profile
7.7.2 Sequans Communication Main Business
7.7.3 Sequans Communication Cellular IoT Products, Services, and Solutions
7.7.4 Sequans Communication Cellular IoT Revenue (US$ Million), 2021–2026
7.7.5 Sequans Communication Recent Developments
7.8 Mediatek Inc.
7.8.1 Mediatek Inc. Profile
7.8.2 Mediatek Inc. Main Business
7.8.3 Mediatek Inc. Cellular IoT Products, Services, and Solutions
7.8.4 Mediatek Inc. Cellular IoT Revenue (US$ Million), 2021–2026
7.8.5 Mediatek Inc. Recent Developments
7.9 Murata
7.9.1 Murata Profile
7.9.2 Murata Main Business
7.9.3 Murata Cellular IoT Products, Services, and Solutions
7.9.4 Murata Cellular IoT Revenue (US$ Million), 2021–2026
7.9.5 Murata Recent Developments
7.10 Digi
7.10.1 Digi Profile
7.10.2 Digi Main Business
7.10.3 Digi Cellular IoT Products, Services, and Solutions
7.10.4 Digi Cellular IoT Revenue (US$ Million), 2021–2026
7.10.5 Digi Recent Developments
7.11 Fibocom
7.11.1 Fibocom Profile
7.11.2 Fibocom Main Business
7.11.3 Fibocom Cellular IoT Products, Services, and Solutions
7.11.4 Fibocom Cellular IoT Revenue (US$ Million), 2021–2026
7.11.5 Fibocom Recent Developments
7.12 GosuncnWelink
7.12.1 GosuncnWelink Profile
7.12.2 GosuncnWelink Main Business
7.12.3 GosuncnWelink Cellular IoT Products, Services, and Solutions
7.12.4 GosuncnWelink Cellular IoT Revenue (US$ Million), 2021–2026
7.12.5 GosuncnWelink Recent Developments
7.13 Multi-Tech Systems Inc
7.13.1 Multi-Tech Systems Inc Profile
7.13.2 Multi-Tech Systems Inc Main Business
7.13.3 Multi-Tech Systems Inc Cellular IoT Products, Services, and Solutions
7.13.4 Multi-Tech Systems Inc Cellular IoT Revenue (US$ Million), 2021–2026
7.13.5 Multi-Tech Systems Inc Recent Developments
7.14 Neowa
7.14.1 Neowa Profile
7.14.2 Neowa Main Business
7.14.3 Neowa Cellular IoT Products, Services, and Solutions
7.14.4 Neowa Cellular IoT Revenue (US$ Million), 2021–2026
7.14.5 Neowa Recent Developments
7.15 Nordic Semiconductor
7.15.1 Nordic Semiconductor Profile
7.15.2 Nordic Semiconductor Main Business
7.15.3 Nordic Semiconductor Cellular IoT Products, Services, and Solutions
7.15.4 Nordic Semiconductor Cellular IoT Revenue (US$ Million), 2021–2026
7.15.5 Nordic Semiconductor Recent Developments
7.16 Pycom
7.16.1 Pycom Profile
7.16.2 Pycom Main Business
7.16.3 Pycom Cellular IoT Products, Services, and Solutions
7.16.4 Pycom Cellular IoT Revenue (US$ Million), 2021–2026
7.16.5 Pycom Recent Developments
7.17 Quectel
7.17.1 Quectel Profile
7.17.2 Quectel Main Business
7.17.3 Quectel Cellular IoT Products, Services, and Solutions
7.17.4 Quectel Cellular IoT Revenue (US$ Million), 2021–2026
7.17.5 Quectel Recent Developments
7.18 Sercomm
7.18.1 Sercomm Profile
7.18.2 Sercomm Main Business
7.18.3 Sercomm Cellular IoT Products, Services, and Solutions
7.18.4 Sercomm Cellular IoT Revenue (US$ Million), 2021–2026
7.18.5 Sercomm Recent Developments
7.19 Shanghai Yuge Information Technology
7.19.1 Shanghai Yuge Information Technology Profile
7.19.2 Shanghai Yuge Information Technology Main Business
7.19.3 Shanghai Yuge Information Technology Cellular IoT Products, Services, and Solutions
7.19.4 Shanghai Yuge Information Technology Cellular IoT Revenue (US$ Million), 2021–2026
7.19.5 Shanghai Yuge Information Technology Recent Developments
7.20 SIMCom
7.20.1 SIMCom Profile
7.20.2 SIMCom Main Business
7.20.3 SIMCom Cellular IoT Products, Services, and Solutions
7.20.4 SIMCom Cellular IoT Revenue (US$ Million), 2021–2026
7.20.5 SIMCom Recent Developments
8 Industry Chain Analysis
8.1 Cellular IoT Value Chain
8.2 Cellular IoT Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Key Suppliers of Raw Materials
8.2.3 Cost Structure
8.3 Midstream Analysis
8.4 Downstream (Customer) Analysis
8.5 Sales Model and Sales Channelss
8.5.1 Cellular IoT Sales Model
8.5.2 Sales Channels
8.5.3 Cellular IoT Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 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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