About LTE IoT
LTE IoT is an up and propelling innovation that is relied upon to earn generous development in the normal years. Internet of things (IoT) is developing at a quick speed and encouraging a high interest for information move and capacity applications. LTE IoT contains two key advances the LTE-M, and the NB-IoT. The LTE-M is an innovation standard for low force-wide territory organizations. It is explicit to LTE CatM1, uniquely intended for IoT. The motivation behind LTE-M is to decrease modem expenses and backing information uprightness and security, by bringing down intricacy and broadening inclusion. NB-IoT supports the framework limit and proficiency of the range of the worldwide LTE IoT market. As indicated by the assessment done out of the 21.7 billion dynamic connected devices around the world, 11.7 billion (or 54%) will be IoT gadget associations toward the finish of 2020. By 2025, it is normal that there will be in excess of 30 billion IoT associations, right around 4 IoT gadgets for each individual all things considered. The rise of associated gadgets is further powering the LTE IoT market across the globe generally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global LTE IoT 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.
Ericsson (Sweden), Vodafone (United Kingdom), Telstra (Australia), Sierra Wireless (Canada), Sequans Communications (France), Deutsche Telekom(Germany), Orange (France), Qualcomm Technologies, Inc (United States), Telefonaktiebolaget LM Ericsson (Sweden) and Cisco System Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sequans Communications S.A. (France), Altair (Israel), SORACOM (Japan), Telit Communications (United Kingdom) and Others.
Segmentation Overview
AMA Research has segmented the market of Global LTE IoT market by , Application (Smart Cities, Connected Buildings, Mobile Health, Smart Utilities, Environmental Monitoring, Connected Building, Industrial IoT, Digital retail and Asset tracking) and Region.
On the basis of geography, the market of LTE IoT 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 Industries, the sub-segment i.e. Manufacturing will boost the LTE IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology of LTE , the sub-segment i.e. LTE-M will boost the LTE IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service types, the sub-segment i.e. Professional services will boost the LTE IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
LTE-M and NB-IoT to Drive Future Growth
Market Growth Drivers:
Rise in Need for Long-Range Connectivity Between IoT Applications, Increasing Number of IoT Connected Devices Worldwide and Increasing IoT Applications in the Automotive Sector
Challenges:
High Initial Cost of Deployment
Restraints:
Fragmented Internet-of-Things (IoT) Ecosystem
Opportunities:
Increased demand from consumers and enterprises and the availability of more affordable devices. Significant operator investment in technology, spectrum and infrastructure, together with the implementation of global standards, are also helping to drive growth and increase market interest in the IoT.
Market Leaders and their expansionary development strategies
In July 2020 STMicroelectronics makes acquisitions to further strengthen the wireless connectivity capabilities of STM32 microcontrollers. Riot Micro, based in Vancouver, Canada, designs cellular IoT solutions by applying proven design techniques from Bluetooth Low Energy (BLE) and Wi-Fi to LTE Cat-M and NB-IoT to optimize system cost and power.
In December 2020 BSNL India based telecom company launches the world’s largest NB-IoT to benefit traditional sectors in partnership with Skylotech India (Skylo). This satellite-based narrow band-Internet of things (NB-IoT) starting with fishermen, farmers, construction, mining and logistics enterprises. As per the chief executive of the Skylo Parthsarathi Trivedi, this is the worlds first satellite-based NB-IoT Network.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, LTE IoT Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
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.