Global IoT Communication Module Market Growth (Status and Outlook) 2025-2031

Publication ID:

LPI01250064

Publication Date:

January 8, 2025

Pages:

117

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Internet [2]

Computing & Electronics [3]

Description:

The global IoT Communication Module market size is predicted to grow from US$ 6305 million in 2025 to US$ 12490 million in 2031; it is expected to grow at a CAGR of 12.1% from 2025 to 2031.
The IoT听Communication听Module market covers Cellular Communication Module, Non-cellular Communication Module, etc. The typical players include Quectel, Sunsea Group, Sierra Wireless, Telit, etc.
IoT communication modules are key components for achieving network communication between IoT devices. With the continuous expansion of application scenarios such as smart manufacturing, smart cities, and smart homes, the demand for IoT modules will continue to grow. In particular, the widespread application of 5G technology has driven the IoT module industry to usher in a new wave of technological iteration.
The IoT module market is highly competitive, and major manufacturers include Quectel Communications, Fibocom, Neoway Technology, and Gosuncn. These manufacturers have occupied a certain share in the market and have stood out from the competition with their respective technological advantages, product performance, and market strategies. At present, there are two main business strategies in the IoT module industry. One is to win by breadth, by providing standardized low-priced modules to seize market share; the other is to win by specialization, by building a moat through technical or channel advantages in certain segments. These two strategies have their own advantages and disadvantages, and manufacturers need to choose appropriate market strategies based on their actual conditions.
According to types, the most proportion of the IoT communication module is cellular communication module, taking about 82%. The most proportion of Global IoT Communication Module is used for city Service IoT and the proportion is about 49% .
Market driving factors
Technological progress: With the rapid development and commercialization of new generation communication technologies such as 5G and 6G, the IoT module industry will usher in a new wave of technological iteration. The application of these new technologies will improve the performance of IoT modules, reduce power consumption and costs, and promote the rapid development of the market.
Policy support: Governments of various countries are actively promoting the development of the Internet of Things industry and have issued a series of relevant policies and plans. The implementation of these policies will provide strong support for the Internet of Things module market.
Market demand: With the continuous expansion of Internet of Things application scenarios and the expansion of market scale, the market demand for Internet of Things modules will continue to grow. Especially in the fields of smart manufacturing, smart cities, smart homes, etc., the application prospects of Internet of Things modules are broad.
The 鈥淚oT Communication Module Industry Forecast鈥� looks at past sales and reviews total world IoT Communication Module sales in 2024, providing a comprehensive analysis by region and market sector of projected IoT Communication Module sales for 2025 through 2031. With IoT Communication Module sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IoT Communication Module industry.
This Insight Report provides a comprehensive analysis of the global IoT Communication Module landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on IoT Communication Module portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global IoT Communication Module market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IoT Communication Module and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IoT Communication Module.
This report presents a comprehensive overview, market shares, and growth opportunities of IoT Communication Module market by product type, application, key players and key regions and countries.
Segmentation by Type:
Cellular Communication Module
Non-cellular Communication Module
Segmentation by Application:
City Service IoT
Consumer IoT
Industrial Internet of Things
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Quectel
Sunsea Group
Sierra Wireless
Telit
Gemalto
Fibocom
U-Blox
Neoway Technology
Gosuncn
Huawei
LG Innotek
Nanjing Zhongxing IoT Technology

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global IoT Communication Module Market Size (2020-2031)
2.1.2 IoT Communication Module Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for IoT Communication Module by Country/Region (2020, 2024 & 2031)
2.2 IoT Communication Module Segment by Type
2.2.1 Cellular Communication Module
2.2.2 Non-cellular Communication Module
2.3 IoT Communication Module Market Size by Type
2.3.1 IoT Communication Module Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global IoT Communication Module Market Size Market Share by Type (2020-2025)
2.4 IoT Communication Module Segment by Application
2.4.1 City Service IoT
2.4.2 Consumer IoT
2.4.3 Industrial Internet of Things
2.4.4 Others
2.5 IoT Communication Module Market Size by Application
2.5.1 IoT Communication Module Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global IoT Communication Module Market Size Market Share by Application (2020-2025)
3 IoT Communication Module Market Size by Player
3.1 IoT Communication Module Market Size Market Share by Player
3.1.1 Global IoT Communication Module Revenue by Player (2020-2025)
3.1.2 Global IoT Communication Module Revenue Market Share by Player (2020-2025)
3.2 Global IoT Communication Module Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 IoT Communication Module by Region
4.1 IoT Communication Module Market Size by Region (2020-2025)
4.2 Global IoT Communication Module Annual Revenue by Country/Region (2020-2025)
4.3 Americas IoT Communication Module Market Size Growth (2020-2025)
4.4 APAC IoT Communication Module Market Size Growth (2020-2025)
4.5 Europe IoT Communication Module Market Size Growth (2020-2025)
4.6 Middle East & Africa IoT Communication Module Market Size Growth (2020-2025)
5 Americas
5.1 Americas IoT Communication Module Market Size by Country (2020-2025)
5.2 Americas IoT Communication Module Market Size by Type (2020-2025)
5.3 Americas IoT Communication Module Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC IoT Communication Module Market Size by Region (2020-2025)
6.2 APAC IoT Communication Module Market Size by Type (2020-2025)
6.3 APAC IoT Communication Module Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe IoT Communication Module Market Size by Country (2020-2025)
7.2 Europe IoT Communication Module Market Size by Type (2020-2025)
7.3 Europe IoT Communication Module Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa IoT Communication Module by Region (2020-2025)
8.2 Middle East & Africa IoT Communication Module Market Size by Type (2020-2025)
8.3 Middle East & Africa IoT Communication Module Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global IoT Communication Module Market Forecast
10.1 Global IoT Communication Module Forecast by Region (2026-2031)
10.1.1 Global IoT Communication Module Forecast by Region (2026-2031)
10.1.2 Americas IoT Communication Module Forecast
10.1.3 APAC IoT Communication Module Forecast
10.1.4 Europe IoT Communication Module Forecast
10.1.5 Middle East & Africa IoT Communication Module Forecast
10.2 Americas IoT Communication Module Forecast by Country (2026-2031)
10.2.1 United States Market IoT Communication Module Forecast
10.2.2 Canada Market IoT Communication Module Forecast
10.2.3 Mexico Market IoT Communication Module Forecast
10.2.4 Brazil Market IoT Communication Module Forecast
10.3 APAC IoT Communication Module Forecast by Region (2026-2031)
10.3.1 China IoT Communication Module Market Forecast
10.3.2 Japan Market IoT Communication Module Forecast
10.3.3 Korea Market IoT Communication Module Forecast
10.3.4 Southeast Asia Market IoT Communication Module Forecast
10.3.5 India Market IoT Communication Module Forecast
10.3.6 Australia Market IoT Communication Module Forecast
10.4 Europe IoT Communication Module Forecast by Country (2026-2031)
10.4.1 Germany Market IoT Communication Module Forecast
10.4.2 France Market IoT Communication Module Forecast
10.4.3 UK Market IoT Communication Module Forecast
10.4.4 Italy Market IoT Communication Module Forecast
10.4.5 Russia Market IoT Communication Module Forecast
10.5 Middle East & Africa IoT Communication Module Forecast by Region (2026-2031)
10.5.1 Egypt Market IoT Communication Module Forecast
10.5.2 South Africa Market IoT Communication Module Forecast
10.5.3 Israel Market IoT Communication Module Forecast
10.5.4 Turkey Market IoT Communication Module Forecast
10.6 Global IoT Communication Module Forecast by Type (2026-2031)
10.7 Global IoT Communication Module Forecast by Application (2026-2031)
10.7.1 GCC Countries Market IoT Communication Module Forecast
11 Key Players Analysis
11.1 Quectel
11.1.1 Quectel Company Information
11.1.2 Quectel IoT Communication Module Product Offered
11.1.3 Quectel IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 Quectel Main Business Overview
11.1.5 Quectel Latest Developments
11.2 Sunsea Group
11.2.1 Sunsea Group Company Information
11.2.2 Sunsea Group IoT Communication Module Product Offered
11.2.3 Sunsea Group IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 Sunsea Group Main Business Overview
11.2.5 Sunsea Group Latest Developments
11.3 Sierra Wireless
11.3.1 Sierra Wireless Company Information
11.3.2 Sierra Wireless IoT Communication Module Product Offered
11.3.3 Sierra Wireless IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Sierra Wireless Main Business Overview
11.3.5 Sierra Wireless Latest Developments
11.4 Telit
11.4.1 Telit Company Information
11.4.2 Telit IoT Communication Module Product Offered
11.4.3 Telit IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 Telit Main Business Overview
11.4.5 Telit Latest Developments
11.5 Gemalto
11.5.1 Gemalto Company Information
11.5.2 Gemalto IoT Communication Module Product Offered
11.5.3 Gemalto IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 Gemalto Main Business Overview
11.5.5 Gemalto Latest Developments
11.6 Fibocom
11.6.1 Fibocom Company Information
11.6.2 Fibocom IoT Communication Module Product Offered
11.6.3 Fibocom IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 Fibocom Main Business Overview
11.6.5 Fibocom Latest Developments
11.7 U-Blox
11.7.1 U-Blox Company Information
11.7.2 U-Blox IoT Communication Module Product Offered
11.7.3 U-Blox IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 U-Blox Main Business Overview
11.7.5 U-Blox Latest Developments
11.8 Neoway Technology
11.8.1 Neoway Technology Company Information
11.8.2 Neoway Technology IoT Communication Module Product Offered
11.8.3 Neoway Technology IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 Neoway Technology Main Business Overview
11.8.5 Neoway Technology Latest Developments
11.9 Gosuncn
11.9.1 Gosuncn Company Information
11.9.2 Gosuncn IoT Communication Module Product Offered
11.9.3 Gosuncn IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 Gosuncn Main Business Overview
11.9.5 Gosuncn Latest Developments
11.10 Huawei
11.10.1 Huawei Company Information
11.10.2 Huawei IoT Communication Module Product Offered
11.10.3 Huawei IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 Huawei Main Business Overview
11.10.5 Huawei Latest Developments
11.11 LG Innotek
11.11.1 LG Innotek Company Information
11.11.2 LG Innotek IoT Communication Module Product Offered
11.11.3 LG Innotek IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.11.4 LG Innotek Main Business Overview
11.11.5 LG Innotek Latest Developments
11.12 Nanjing Zhongxing IoT Technology
11.12.1 Nanjing Zhongxing IoT Technology Company Information
11.12.2 Nanjing Zhongxing IoT Technology IoT Communication Module Product Offered
11.12.3 Nanjing Zhongxing IoT Technology IoT Communication Module Revenue, Gross Margin and Market Share (2020-2025)
11.12.4 Nanjing Zhongxing IoT Technology Main Business Overview
11.12.5 Nanjing Zhongxing IoT Technology Latest Developments
12 Research Findings and Conclusion

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