About IoT Network Module
Internet of Things (IoT) module is an electronic device which is embedded in objects, machines and things. These objects connect to wireless networks and send as well as receive data. IoT module is referred to as radio chip or IoT chip and has same technology and data circuits as that of mobile phones. However, it does not contain features such as display and keypad. As IoT application needs to send data automatically, it provides an always on connectivity. Moreover, Internet of Things is designed for extreme durability and longevity as it needs to operate continuously for long period of time.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IoT Network Module market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sierra Wireless (Canada), Gemalto (Netherlands), Huawei (China), Telit (United Kingdom), Quectel (China), Digi International (United States), Nordic Semiconductor (Norway), Sequans Communications (France), Sercomm (Taiwan) and Fabocom (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GosuncnWelink (China), Neoway (China) and u-blox AG (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global IoT Network Module market by Type (Cellular networks, LPWAN and LAN/PAN), Application (Smart city, Smart metering, Alarms and event detectors and Smart home) and Region.
On the basis of geography, the market of IoT Network Module has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Lora will boost the IoT Network Module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Network, the sub-segment i.e. 2G will boost the IoT Network Module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry vertical, the sub-segment i.e. Agriculture will boost the IoT Network Module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of smart technologies and distributed applications
Market Growth Drivers:
Features such as smaller module size, deep indoor penetration and broader coverage and Growing demand for extended network coverage
Challenges:
Development of protocols and standards in IoT platform
Restraints:
Technology fragmentation may hamper the market growth
Opportunities:
Surge in IoT health applications due to corona virus pandemic is having positive impact on market. There has been increased usage of telehealth, digital diagnostics, Remote monitoring, and robot assistance. and Rising demand for end to end security
Market Leaders and their expansionary development strategies
In August 2022, Telit and Thales planned acquisition of Thales’ cellular IoT products business Telit Cinterion brings a new Western IoT powerhouse for IoT solutions offering an extensive suite of IoT products, services and bundles consisting of hardware
In April 2019, NeTBurner has launched new system on module for Internet of Things. It supports IoT applications in various industries such as Energy, manufacturing, robotics, satellite communications, automotive and transportation.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.