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Counterpoint Research: Q1 global cellular IoT module shipments increased by 35% year-on-year
Quectel ranked first with a market share of 38%, and shipments increased by 77% year-on-year. The company has a strong position in 4G and NB-IoT modules while expanding its 5G product portfolio.
Mingjiada news, the latest report of market research agency Counterpoint Research shows that in the first quarter of 2022, global cellular IoT module shipments increased by 35% year-on-year. Among them, India was the fastest growing market (up 59% year-on-year), followed by It was the Middle East, Africa, Japan, North America, China, Western Europe and South Korea, which all achieved double-digit growth.
In terms of vendor rankings, Quectel ranked first with a market share of 38%, and shipments increased by 77% year-on-year. The company has a strong position in 4G and NB-IoT modules and is expanding its 5G product portfolio; Guanghetong benefited from the surge in demand for 4G Cat.1 bis modules, ranking second with 8.6% market share and year-on-year shipments Growth of 24%; Sunsea ranked third with a market share of 5.7%, focusing on 4G Cat.1 and NB-IoT modules.
"The cellular IoT module market remains competitive, but the trend towards consolidation is increasing," said a senior research analyst at Counterpoint Research.
Time:2024-11-16
Time:2024-11-16
Time:2024-11-16
Time:2024-11-16
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