Cellular IoT Market Analysis Report 2024 to 2031
Cellular IoT Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 5.60 Billion |
Market Size by 2031 | US$ 33.15 Billion |
Global CAGR (2023 - 2031) | 24.9 % |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Cellular IoT Market News and Recent Developments
The cellular IoT market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In May 2022, - Audi, offered an update on its collaboration with mobility platform Spoke and other partners to employ cellular vehicle-to-everything (C-V2X) technology to assist minimize accidents involving bicycles and vehicles. Furthermore, Audi worked with C-V2X, which uses LTE cellular signals and direct PC5 signals that do not require a cellular network to detect a cyclist.
(Source: Audi, Press Release, 2022)
- In January 2023, Sierra Wireless announced the launch of Smart Connectivity Premium in the United States, which includes eUICC capabilities and expanded connectivity coverage. Furthermore, with its multi-IMSI, multi-profile design supported by GSMA eSIM (eUICC) requirements, Smart Connection Premium delivers resilient IoT-managed connection that is future-proofed across countries and technologies using a single global SIM.
(Source: Sierra Wireless, Press Release, 2023)
Cellular IoT Market Report Coverage and Deliverables
The "Cellular IoT Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles