Global cellular IoT module shipments fell by 2% in the third quarter of 2023: Quectel, Fibocom and China Mobile were the top three

News from this site on January 4, according to the latest report released by market research agency Counterpoint Research, in the third quarter of 2023 due to many factors such as weak demand, rising interest rates and cautious spending by enterprise IoT players, Global Cellular IoT module shipments fell 2% year-on-year.

The 5G market’s share of the global cellular IoT module market exceeded 5% for the first time, due to lack of killers Level use cases and higher prices, 5G applications are currently very limited, mainly used in routers/personal terminal equipment, personal computers and automotive markets.

The IoT module market is in the technological transition stage from 4G Cat 1 and NB-IoT to 4G Cat 1 bis. 4G Cat 1 bis is becoming increasingly popular in many applications such as POS, smart meters, telematics and asset tracking due to its low cost and high energy efficiency.

Research analyst Anish Khajuria said:

Smart meters, automotive, POS, router/CPE and telematics were the main applications for cellular IoT module shipments during the quarter, Accounting for more than 60%.

It should be noted that only the smart meter and router/CPE fields have experienced positive growth in shipments, while other applications have experienced declines.

The relevant information attached to this site is as follows:

• Shanghai Quectel continues to maintain its first ranking, but its shipments in the third quarter were dropped.

• Fibocom and China Mobile achieved positive growth.

• China Mobile’s growth is mainly attributed to smart meters, asset trackers and POS machines. Recently, China Mobile also established Linkzhilian (Chongqing) Technology Co., Ltd. to accelerate the development of its module business.

• Chinese brands such as Unionman, OpenLuat and Lierda are active in applications such as smart meters, asset tracking and POS ,Rapid development. These companies use advanced technology and innovative solutions to bring more choices to the market and promote the development of the industry. Their products are competitive in terms of functionality, reliability and cost-effectiveness, and have been recognized by the market and users. With the continuous advancement of technology and the growth of market demand, I believe that these Chinese brands

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