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Cellular IoT Market, Global Outlook and Forecast 2023-2032

The global Cellular IoT market was valued at US$ 1870.8 million in 2022 and is projected to reach US$ 2940.6 million by 2029, at a CAGR of 6.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Cellular IoT market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Cellular IoT market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Cellular IoT market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Cellular IoT is a Low Power Wide Area Network (LPWAN) radio technology standard developed to enable a wide range of devices and services to be connected using cellular telecommunications bands.
This report aims to provide a comprehensive presentation of the global market for Cellular IoT, 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 Cellular IoT. This report contains market size and forecasts of Cellular IoT in global, including the following market information:

  • Global Cellular IoT Market Revenue, 2018-2023, 2024-2032, ($ millions)
  • Global top five companies in 2022 (%)


Rising demand for extended network coverage and capacity to accommodate large number of connected devices are expected to drive the market for cellular IoT. Moreover, increasing demand for end-to-security between network connected devices also contributes to the growth of cellular IoT market
We surveyed the Cellular IoT companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Cellular IoT Market, by Type, 2018-2023, 2024-2032 ($ millions)

Global Cellular IoT Market Segment Percentages, by Type, 2022 (%)

  • 2G
  • 3G
  • 4G
  • LTE
  • NB?IoT
  • 5G
  • Others

Global Cellular IoT Market, by Application, 2018-2023, 2024-2032 ($ millions)

Global Cellular IoT Market Segment Percentages, by Application, 2022 (%)

  • Automotive & Transportation
  • Energy
  • Manufacturing
  • Building Automation and Smart City
  • Others

Global Cellular IoT Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)

Global Cellular IoT Market Segment Percentages, By Region and Country, 2022 (%)

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:

  • Key companies Cellular IoT revenues in global market, 2018-2023 (estimated), ($ millions)
  • Key companies Cellular IoT revenues share in global market, 2022 (%)

key players include:

  • Qualcomm
  • Gemalto
  • Sierra Wireless
  • U-Blox Holding
  • MediaTek
  • Telit Communications
  • Mistbase
  • Sequans
  • CommSolid

Outline of Major Chapters:
Chapter 1: Introduces the definition of Cellular IoT, market overview.
Chapter 2: Global Cellular IoT market size in revenue.
Chapter 3: Detailed analysis of Cellular IoT company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by 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 6: Sales of Cellular IoT in regional level and country level. 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 of each country in the world.
Chapter 7: 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 8: The main points and conclusions of the report.