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Cellular IoT grows at a high rate, with 5G RedCap and LTE Cat1 bis as growth drivers

Cellular IoT grows at a high rate, with 5G RedCap and LTE Cat1 bis as growth drivers

Source:our siteTime:2024-12-13Views:

Dec 13, - The global cellular IoT market is experiencing rapid growth with the advancement of IoT technology and the expansion of application areas. A new report by research firm IoT Analytics shows that the number of global cellular IoT connections c…

Dec 13, - The global cellular IoT market is experiencing rapid growth with the advancement of IoT technology and the expansion of application areas. A new report by research firm IoT Analytics shows that the number of global cellular IoT connections crossed the 4 billion mark, accounting for about 22 per cent of global IoT connections. The number of cellular IoT connections is expected to exceed 4.2 billion by early 2025.

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The number of connections is expected to climb at a CAGR of 15 per cent between 2024 and 2030, driven by LTE Cat1 bis and 5G. Consider the accelerated adoption of LTE Cat 1 bis in China due to the absence of LTE-M and the limitations of NB-IoT.The latest data from IoT Analytics shows that China accounts for 85 per cent of global LTE Cat 1 bis connections and achieved 56 per cent year-on-year growth in the first half of 2024.


The eFever survey found that FWA-based and automotive industries are driving 5G IoT growth. in the first half of 2024, FWAs contributed 45% of global 5G IoT connectivity using 5G networks to provide high-speed internet access to homes and businesses, especially in areas lacking fibre infrastructure. this momentum is accelerating in 2025.


IoT Analytics analysts are bullish on 5G RedCap, suggesting that 2025 will mark the first commercialisation of 5G RedCap connectivity, with 5G eRedCap up to Cat-1 level expected to be released in 3GPP Release 18. omdia research shows that by 2030, 5G RedCap will grow at a 66 per cent yearly CAGR growth to reach 963.5 million connections.

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