Global IoT Communication Module Supply, Demand and Key Producers, 2026-2032
Description
The global IoT Communication Module market size is expected to reach $ 15430 million by 2032, rising at a market growth of 11.4% CAGR during the forecast period (2026-2032).
The IoT Communication 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.
This report studies the global IoT Communication Module demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for IoT Communication Module, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of IoT Communication Module that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global IoT Communication Module total market, 2021-2032, (USD Million)
Global IoT Communication Module total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: IoT Communication Module total market, key domestic companies, and share, (USD Million)
Global IoT Communication Module revenue by player, revenue and market share 2021-2026, (USD Million)
Global IoT Communication Module total market by Type, CAGR, 2021-2032, (USD Million)
Global IoT Communication Module total market by Application, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global IoT Communication Module market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Quectel, Sunsea Group, Sierra Wireless, Telit, Gemalto, Fibocom, U-Blox, Neoway Technology, Gosuncn, Huawei, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world IoT Communication Module market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global IoT Communication Module Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global IoT Communication Module Market, Segmentation by Type:
Cellular Communication Module
Non-cellular Communication Module
Global IoT Communication Module Market, Segmentation by Application:
City Service IoT
Consumer IoT
Industrial Internet of Things
Others
Companies Profiled:
Quectel
Sunsea Group
Sierra Wireless
Telit
Gemalto
Fibocom
U-Blox
Neoway Technology
Gosuncn
Huawei
LG Innotek
Nanjing Zhongxing IoT Technology
Key Questions Answered
1. How big is the global IoT Communication Module market?
2. What is the demand of the global IoT Communication Module market?
3. What is the year over year growth of the global IoT Communication Module market?
4. What is the total value of the global IoT Communication Module market?
5. Who are the Major Players in the global IoT Communication Module market?
6. What are the growth factors driving the market demand?
The IoT Communication 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.
This report studies the global IoT Communication Module demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for IoT Communication Module, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of IoT Communication Module that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global IoT Communication Module total market, 2021-2032, (USD Million)
Global IoT Communication Module total market by region & country, CAGR, 2021-2032, (USD Million)
U.S. VS China: IoT Communication Module total market, key domestic companies, and share, (USD Million)
Global IoT Communication Module revenue by player, revenue and market share 2021-2026, (USD Million)
Global IoT Communication Module total market by Type, CAGR, 2021-2032, (USD Million)
Global IoT Communication Module total market by Application, CAGR, 2021-2032, (USD Million)
This report profiles major players in the global IoT Communication Module market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Quectel, Sunsea Group, Sierra Wireless, Telit, Gemalto, Fibocom, U-Blox, Neoway Technology, Gosuncn, Huawei, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world IoT Communication Module market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global IoT Communication Module Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global IoT Communication Module Market, Segmentation by Type:
Cellular Communication Module
Non-cellular Communication Module
Global IoT Communication Module Market, Segmentation by Application:
City Service IoT
Consumer IoT
Industrial Internet of Things
Others
Companies Profiled:
Quectel
Sunsea Group
Sierra Wireless
Telit
Gemalto
Fibocom
U-Blox
Neoway Technology
Gosuncn
Huawei
LG Innotek
Nanjing Zhongxing IoT Technology
Key Questions Answered
1. How big is the global IoT Communication Module market?
2. What is the demand of the global IoT Communication Module market?
3. What is the year over year growth of the global IoT Communication Module market?
4. What is the total value of the global IoT Communication Module market?
5. Who are the Major Players in the global IoT Communication Module market?
6. What are the growth factors driving the market demand?
Table of Contents
116 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World IoT Communication Module Companies Competitive Analysis
- 4 United States VS China VS Rest of World (by Headquarter Location)
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
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