IoT Communication Module Industry Research Report 2023

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Base Year
2023
Forecast Period
2024-2029
Pages
86
Industry
Software
Regions
Global
Updated
December 2025

Report Overview

The IoT Communication Module market covers Cellular Communication Module, Non-cellular Communication Module, etc. The typical players include Quectel, Sunsea Group, Sierra Wireless, Telit, etc.
Highlights
The global IoT Communication Module market is projected to reach US$ million by 2029 from an estimated US$ million in 2023, at a CAGR of % during 2024 and 2029.
According to types, the most proportion of the IoT communication module is cellular communication module, taking about 81.9% share of global market in 2020. The most proportion of Global IoT Communication Module is used for city Service IoT and the proportion is about 49.2% in 2020.
Report Scope
This report aims to provide a comprehensive presentation of the global market for IoT Communication Module, 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 IoT Communication Module.
The IoT Communication Module market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global IoT Communication Module market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 IoT Communication Module 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, product type, application, and regions.
Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue by companies for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
Quectel
Sunsea Group
Sierra Wireless
Telit
Gemalto
Fibocom
U-Blox
Neoway Technology
Gosuncn
Huawei
LG Innotek
Product Type Insights
Global markets are presented by IoT Communication Module type, along with growth forecasts through 2029. Estimates on revenue are based on the price in the supply chain at which the IoT Communication Module are procured by the companies.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows revenue data by type, and during the historical period (2018-2023) and forecast period (2024-2029).
IoT Communication Module segment by Type
Cellular Communication Module
Non-cellular Communication Module
Application Insights
This report has provided the market size (revenue data) by application, during the historical period (2018-2023) and forecast period (2024-2029).
This report also outlines the market trends of each segment and consumer behaviors impacting the IoT Communication Module market and what implications these may have on the industrys future. This report can help to understand the relevant market and consumer trends that are driving the IoT Communication Module market.
IoT Communication Module Segment by Application
City Service IoT
Consumer IoT
Industrial Internet of Things
Others
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue data of each region and country for the period 2018-2029.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2022 because of the base year, with estimates for 2023 and forecast revenue for 2029.
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will understand how the IoT Communication Module market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Reasons to Buy This Report
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global IoT Communication Module market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of IoT Communication Module and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the IoT Communication Module industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of IoT Communication Module.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Core Chapters
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, 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 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments 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 5: 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 6: Detailed analysis of IoT Communication Module companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: 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 12: 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 13: The main points and conclusions of the report.
Frequently Asked Questions
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Which region will witness inactive growth during the forecast period?
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Table of Contents

  • 1 Preface
    • 1.1 Scope of Report
    • 1.2 Reasons for Doing This Study
    • 1.3 Research Methodology
    • 1.4 Research Process
    • 1.5 Data Source
      • 1.5.1 Secondary Sources
      • 1.5.2 Primary Sources
  • 2 Market Overview
    • 2.1 Product Definition
    • 2.2 IoT Communication Module by Type
      • 2.2.1 Market Value Comparison by Type (2018 VS 2022 VS 2029)
      • 1.2.2 Cellular Communication Module
      • 1.2.3 Non-cellular Communication Module
    • 2.3 IoT Communication Module by Application
      • 2.3.1 Market Value Comparison by Application (2018 VS 2022 VS 2029)
      • 2.3.2 City Service IoT
      • 2.3.3 Consumer IoT
      • 2.3.4 Industrial Internet of Things
      • 2.3.5 Others
    • 2.4 Assumptions and Limitations
  • 3 IoT Communication Module Breakdown Data by Type
    • 3.1 Global IoT Communication Module Historic Market Size by Type (2018-2023)
    • 3.2 Global IoT Communication Module Forecasted Market Size by Type (2023-2028)
  • 4 IoT Communication Module Breakdown Data by Application
    • 4.1 Global IoT Communication Module Historic Market Size by Application (2018-2023)
    • 4.2 Global IoT Communication Module Forecasted Market Size by Application (2018-2023)
  • 5 Global Growth Trends
    • 5.1 Global IoT Communication Module Market Perspective (2018-2029)
    • 5.2 Global IoT Communication Module Growth Trends by Region
      • 5.2.1 Global IoT Communication Module Market Size by Region: 2018 VS 2022 VS 2029
      • 5.2.2 IoT Communication Module Historic Market Size by Region (2018-2023)
      • 5.2.3 IoT Communication Module Forecasted Market Size by Region (2024-2029)
    • 5.3 IoT Communication Module Market Dynamics
      • 5.3.1 IoT Communication Module Industry Trends
      • 5.3.2 IoT Communication Module Market Drivers
      • 5.3.3 IoT Communication Module Market Challenges
      • 5.3.4 IoT Communication Module Market Restraints
  • 6 Market Competitive Landscape by Players
    • 6.1 Global Top IoT Communication Module Players by Revenue
      • 6.1.1 Global Top IoT Communication Module Players by Revenue (2018-2023)
      • 6.1.2 Global IoT Communication Module Revenue Market Share by Players (2018-2023)
    • 6.2 Global IoT Communication Module Industry Players Ranking, 2021 VS 2022 VS 2023
    • 6.3 Global Key Players of IoT Communication Module Head office and Area Served
    • 6.4 Global IoT Communication Module Players, Product Type & Application
    • 6.5 Global IoT Communication Module Players, Date of Enter into This Industry
    • 6.6 Global IoT Communication Module Market CR5 and HHI
    • 6.7 Global Players Mergers & Acquisition
  • 7 North America
    • 7.1 North America IoT Communication Module Market Size (2018-2029)
    • 7.2 North America IoT Communication Module Market Growth Rate by Country: 2018 VS 2022 VS 2029
    • 7.3 North America IoT Communication Module Market Size by Country (2018-2023)
    • 7.4 North America IoT Communication Module Market Size by Country (2024-2029)
    • 7.5 United States
    • 7.6 Canada
  • 8 Europe
    • 8.1 Europe IoT Communication Module Market Size (2018-2029)
    • 8.2 Europe IoT Communication Module Market Growth Rate by Country: 2018 VS 2022 VS 2029
    • 8.3 Europe IoT Communication Module Market Size by Country (2018-2023)
    • 8.4 Europe IoT Communication Module Market Size by Country (2024-2029)
    • 7.4 Germany
    • 7.5 France
    • 7.6 U.K.
    • 7.7 Italy
    • 7.8 Russia
    • 7.9 Nordic Countries
  • 9 Asia-Pacific
    • 9.1 Asia-Pacific IoT Communication Module Market Size (2018-2029)
    • 9.2 Asia-Pacific IoT Communication Module Market Growth Rate by Country: 2018 VS 2022 VS 2029
    • 9.3 Asia-Pacific IoT Communication Module Market Size by Country (2018-2023)
    • 9.4 Asia-Pacific IoT Communication Module Market Size by Country (2024-2029)
    • 8.4 China
    • 8.5 Japan
    • 8.6 South Korea
    • 8.7 Southeast Asia
    • 8.8 India
    • 8.9 Australia
  • 10 Latin America
    • 10.1 Latin America IoT Communication Module Market Size (2018-2029)
    • 10.2 Latin America IoT Communication Module Market Growth Rate by Country: 2018 VS 2022 VS 2029
    • 10.3 Latin America IoT Communication Module Market Size by Country (2018-2023)
    • 10.4 Latin America IoT Communication Module Market Size by Country (2024-2029)
    • 9.4 Mexico
    • 9.5 Brazil
  • 11 Middle East & Africa
    • 11.1 Middle East & Africa IoT Communication Module Market Size (2018-2029)
    • 11.2 Middle East & Africa IoT Communication Module Market Growth Rate by Country: 2018 VS 2022 VS 2029
    • 11.3 Middle East & Africa IoT Communication Module Market Size by Country (2018-2023)
    • 11.4 Middle East & Africa IoT Communication Module Market Size by Country (2024-2029)
    • 10.4 Turkey
    • 10.5 Saudi Arabia
    • 10.6 UAE
  • 12 Players Profiled
    • 11.1 Quectel
      • 11.1.1 Quectel Company Detail
      • 11.1.2 Quectel Business Overview
      • 11.1.3 Quectel IoT Communication Module Introduction
      • 11.1.4 Quectel Revenue in IoT Communication Module Business (2017-2022)
      • 11.1.5 Quectel Recent Development
    • 11.2 Sunsea Group
      • 11.2.1 Sunsea Group Company Detail
      • 11.2.2 Sunsea Group Business Overview
      • 11.2.3 Sunsea Group IoT Communication Module Introduction
      • 11.2.4 Sunsea Group Revenue in IoT Communication Module Business (2017-2022)
      • 11.2.5 Sunsea Group Recent Development
    • 11.3 Sierra Wireless
      • 11.3.1 Sierra Wireless Company Detail
      • 11.3.2 Sierra Wireless Business Overview
      • 11.3.3 Sierra Wireless IoT Communication Module Introduction
      • 11.3.4 Sierra Wireless Revenue in IoT Communication Module Business (2017-2022)
      • 11.3.5 Sierra Wireless Recent Development
    • 11.4 Telit
      • 11.4.1 Telit Company Detail
      • 11.4.2 Telit Business Overview
      • 11.4.3 Telit IoT Communication Module Introduction
      • 11.4.4 Telit Revenue in IoT Communication Module Business (2017-2022)
      • 11.4.5 Telit Recent Development
    • 11.5 Gemalto
      • 11.5.1 Gemalto Company Detail
      • 11.5.2 Gemalto Business Overview
      • 11.5.3 Gemalto IoT Communication Module Introduction
      • 11.5.4 Gemalto Revenue in IoT Communication Module Business (2017-2022)
      • 11.5.5 Gemalto Recent Development
    • 11.6 Fibocom
      • 11.6.1 Fibocom Company Detail
      • 11.6.2 Fibocom Business Overview
      • 11.6.3 Fibocom IoT Communication Module Introduction
      • 11.6.4 Fibocom Revenue in IoT Communication Module Business (2017-2022)
      • 11.6.5 Fibocom Recent Development
    • 11.7 U-Blox
      • 11.7.1 U-Blox Company Detail
      • 11.7.2 U-Blox Business Overview
      • 11.7.3 U-Blox IoT Communication Module Introduction
      • 11.7.4 U-Blox Revenue in IoT Communication Module Business (2017-2022)
      • 11.7.5 U-Blox Recent Development
    • 11.8 Neoway Technology
      • 11.8.1 Neoway Technology Company Detail
      • 11.8.2 Neoway Technology Business Overview
      • 11.8.3 Neoway Technology IoT Communication Module Introduction
      • 11.8.4 Neoway Technology Revenue in IoT Communication Module Business (2017-2022)
      • 11.8.5 Neoway Technology Recent Development
    • 11.9 Gosuncn
      • 11.9.1 Gosuncn Company Detail
      • 11.9.2 Gosuncn Business Overview
      • 11.9.3 Gosuncn IoT Communication Module Introduction
      • 11.9.4 Gosuncn Revenue in IoT Communication Module Business (2017-2022)
      • 11.9.5 Gosuncn Recent Development
    • 11.10 Huawei
      • 11.10.1 Huawei Company Detail
      • 11.10.2 Huawei Business Overview
      • 11.10.3 Huawei IoT Communication Module Introduction
      • 11.10.4 Huawei Revenue in IoT Communication Module Business (2017-2022)
      • 11.10.5 Huawei Recent Development
    • 11.11 LG Innotek
      • 11.11.1 LG Innotek Company Detail
      • 11.11.2 LG Innotek Business Overview
      • 11.11.3 LG Innotek IoT Communication Module Introduction
      • 11.11.4 LG Innotek Revenue in IoT Communication Module Business (2017-2022)
      • 11.11.5 LG Innotek Recent Development
  • 13 Report Conclusion
  • 14 Disclaimer

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