Global Cellular IoT Module Shipments up 50 Per Cent YoY in Q1 2021

- Advertisement -

The Counterpoint Research Team has noted soaring demand for 5G and LTE-Cat 1 Modules as the primary reason behind the growth

Global cellular IoT module shipments increased by 50 per cent YoY and 11 per cent QoQ during Q1 2021, according to the latest research by Counterpoint. The market made a tremendous comeback during the quarter as the COVID-19 pandemic was under control globally in that period.

“While modules based on LPWA technologies such as NB-IoT and LTE-M continued to grow above the market average, LTE-Cat 1 and 5G became the fastest-growing cellular technologies in the IoT space this quarter,” noted Counterpoint’s vice president of research Neil Shah.

- Advertisement -

China maintains lead

Europe, North America and Japan registered healthy growth annually while Latin America was the only region that did not grow in terms of revenue during Q1 2021. China maintained its lead across geographies with a growing demand for cellular IoT modules.

Quectel continues to lead the global cellular IoT module vendor rankings in terms of volume and revenue. The Shanghai-based vendor saw its shipments and revenues climb 67 per cent and 78 per cent respectively during the quarter. Thales continued to maintain its second position. 5G revenues increased by more than 80 per cent QoQ, which helped Thales decrease the gap with top-ranked Quectel and maintain the gap with Fibocom.

“The third-largest module vendor, Fibocom, is expanding globally beyond China with a strong focus on telematics, router and PC segments. We can expect strong competition between Fibocom and Thales in coming quarters for the second position in terms of revenue share,” said Counterpoint’s research analyst Soumen Mandal.

Incumbents such as Telit and Sierra Wireless continue to stay focused on specific Western markets, applications and expanding their services revenue. Both Telit and Sierra have divested their automotive businesses. Sierra’s automotive module business was acquired last year by a consortium of investors led by Fibocom to form Rolling Wireless, which quickly grew to become the fifth largest cellular IoT module vendor globally, serving high-ASP automotive applications.

“The rising contracts with leading automakers like Volkswagen, Audi, Porsche, Renault-Nissan and Stellantis, and scaling up of operations with a lower cost and higher quality are helping Rolling Wireless increase market share,” added Mandal.

Other notable vendors making strides in this market are Shanghai-based ASR Microelectronics, and Unisoc with growing design wins in the 4G Cat 1 segment. French chipset manufacturer Sequans is also in a growth mode with a robust 4G broadband, 4G Cat-1, LPWA, and 5G chipset and module portfolio. This should drive significant competition in the fast-growing LTE Cat-1 segment with the ASP of these modules falling below $10. MediaTek is expected to improve its share over 4G Cat 4, 4G Cat other and 5G technology.

“As IoT applications and project implementations are increasing, more chipset players are entering this space. GCT Semiconductor and XINYI Semi are the latest entrants in this segment. It will be interesting to see whether these new entrants are able to strike partnerships with larger module vendors to grow further,” added Shah.

- Advertisement -

Most Popular Articles

EV Growth-India

Commercial EV Sales Escalates To 76% In India

0
Commercial EV Sales Reached 861 units in September 2024 as compared to 489 units in September 2023. Recent data indicates a 9 percent year-on-year decline...

IESA Hosts EV Fast Charging Summit, Urges More Investment

0
As the Indian electric vehicle (EV) industry surpasses 4 million sales, industry specialists are advocating for public-private collaborations to boost EV adoption further and...

MeitY Launches Electronic Toy Hackathon To Boost Innovation

0
While celebrating the graduation of 15 engineers trained under its programme, MeitY launched the Electronic Toy Hackathon to innovate and build India’s future electronic...

Motul India And Zypp Electric Start EV Repair Training For Mechanics

0
The initiative seeks to educate more than 10,000 mechanics on skills for maintaining and repairing electric vehicles. Automotive lubricant maker Motul India has partnered with...
Defence tech-India Israel

Israel Unveils New Initiative IAI Neusphere For Deeper Defence Tech Ties With India

0
IAI has been actively involved in India across various domains, including advanced radars and airborne warning and control systems for the Indian Air Force. Israel...
Bejoy George, Managing Director- Chipmax Designs Private Limited,

“We Are Advancing R&D Projects To Develop Modular Assembly Lines With Adaptive Robotics” –...

0
How do you envision technological progressions influencing the future of manufacturing operations? Get informed from Electronics for You’s Akanksha while in dialogue with Bejoy...
Srinivas Parikshith, Co-founder of Auckam Technologies

“We Anticipate Turnover Reaching 40 Million Rupees Next Year With The New Product Line”...

0
Discussing the electronics manufacturing sector, Srinivas Parikshith, Co-founder of Auckam Technologies, talked to EFY’s Nitisha Dubey about their expansion plans to set up a...

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...
Vijai Karthick Selvam, Director of Teqtis

“We Do Everything From The Initial Concept To The Final Box Build” – Vijai...

0
Why are testing and R&D essential to combat printed circuit board manufacturing challenges? Speaking to EFY's Nitisha Dubey, Vijai Karthick Selvam, Director of Teqtis,...
Abhishek Malik, Executive Director, Calcom Vision Ltd

“India’s Electronics Sector Is Growing Rapidly, Making This The Decade For Investors To Engage”...

0
From the complexities of manufacturing and sourcing components to testing processes that drive innovation, know all the exciting dynamics shaping this ever-evolving industry in...

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

Industry's Buzz

Learn From Leaders

Startups