Report cover image

LTE IoT - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

Publisher Mordor Intelligence Inc
Published Jul 09, 2025
Length 120 Pages
SKU # MOI20478205

Description

LTE IoT Market Analysis

The LTE IoT Market size is estimated at USD 1.83 billion in 2025, and is expected to reach USD 4.18 billion by 2030, at a CAGR of 18% during the forecast period (2025-2030).

This rapid growth reflects accelerating 2G and 3G network sunsets, falling low-power cellular module costs, and government smart-meter mandates that lock utilities into licensed-spectrum connectivity. Asia-Pacific (APAC) leads current adoption with 55% revenue share, propelled by China Mobile’s deployment of 1.7 million 5G base stations and 595 million cellular IoT lines. Parallel smart-city spending in the Middle East, exemplified by Qatar’s USD 60 million Lusail City contract, positions the region as the fastest climber at 19.8% CAGR. Enterprises are shifting from outright ownership toward managed connectivity, lifting the managed-services CAGR to 15.4% as operators monetize network slicing and automated provisioning. Demand is strongest in industrial automation today, yet healthcare registers the sharpest upswing thanks to remote patient-monitoring programs riding cellular LPWA backbones.

Global LTE IoT Market Trends and Insights

Low-power cellular LPWA modules fall below USD 4

Nordic Semiconductor’s nRF9151 shows how a 64 MHz Arm Cortex-M33 and integrated multimode modem can cut bill-of-materials and approach a sub-USD 4 headline price, encouraging agriculture, logistics, and environmental-sensing deployments that once relied on unlicensed LPWAN. Chinese vendors already quote USD 3 NB-IoT modules for utility meters, reinforcing cost-down momentum . While most global catalogs still list USD 10-15 parts, operators in Europe and APAC have begun subsidizing hardware to accelerate LTE IoT market uptake and lift network utilization.

Smart-meter mandates reinforce cellular connectivity

Over 60 jurisdictions have enacted regulations that oblige gas, electricity, or water utilities to install communicating meters able to upgrade remotely. Telia’s rollout of 2 million Swedish electric meters on NB-IoT and LTE-M cut truck-roll costs and established a 5G-ready distribution grid. Netinium’s SIM-profile orchestration with Telit Cinterion allows remote provisioning, solving the historic lock-in that deterred utilities from wide-area cellular links. These programs create multiyear visibility for the LTE IoT market while displacing proprietary mesh networks.

Sub-GHz spectrum congestion limits capacity

Multiple LPWAN formats now compete inside finite 700–960 MHz slices. Duty-cycle rules and power caps curb cell density, and network-side interference management costs rise sharply. The FCC opened new 6 GHz indoor allocations in 2024, yet sub-GHz propagation remains critical for underground or rural IoT reach. Operators,, therefore,, invest in dynamic-spectrum access and narrowband filtering, adding expense and slowing LTE IoT market rollouts imegacitiess.

Other drivers and restraints analyzed in the detailed report include:

  1. Legacy network sunsets stimulate immediate migration
  2. RedCap improves LTE-M energy profile
  3. Carbon-footprint rules favor ultra-low-energy designs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Professional services generated 61% of LTE IoT market revenue in 2024 through consulting, device certification, and edge-cloud integration projects. Managed-service uptake is forecast to accelerate at 15.4% CAGR as enterprises transfer lifecycle tasks, from SIM logistics to security patching, to specialist providers. Deutsche Telekom’s business-to-business arm bundles connectivity with analytics in outcome-based contracts that shift capital budgets into operating fees. Over time, AI-enabled orchestration platforms will trim manual engineering hours, yet the transition itself fuels recurring revenue for managed-service vendors.

Standardized \onboarding APIs and eUICC provisioning already shorten pilot phases, but brownfield industrial estates still need bespoke radio-planning and protocol translation. As a result, professional engagements remain pivotal for multiyear retrofits even while new-build projects lean more heavily on managed packages. The LTE IoT market size for managed services is projected to reach USD X million by 2030, outgrowing professional income streams beyond 2028, though both categories together reinforce operator stickiness.

LTE IoT Market Market is Segmented by Service (Professional, Managed), Product Type (NB-IoT, LTE-M), End-User Industry (IT and Telecommunication, Consumer Electronics, Retail (Digital Ecommerce), Healthcare, Industrial and Other Industries), and Geography.

Geography Analysis

APAC contributed 55% of global revenue in 2024 as China scaled NB-IoT coverage to 100,000 connections per sector and subsidized module production below USD 3. China Mobile booked CNY 723.5 billion (USD 101.2 billion) telecom income in the first three quarters of 2024, underscoring sustained spectrum and capex commitments. Japan and Korea emphasize smart-factory retrofits, while ASEAN nations pilot traffic management and flood-alert systems riding shared LTE backbone infrastructure.

The Middle East is the fastest-expanding sub-region, projected at 19.8% CAGR to 2030. Qatar’s Lusail City program integrates 450,000 residents into a real-time operations center using NB-IoT and LTE-M sensors for lighting, waste, and transport. Saudi Vision 2030 channels petro surplus into agricultural IoT that combats food-security risks, with cellular LPWA linking greenhouse climate controls and drone irrigation.

Europe and North America display steady renewal of legacy meters and industrial gear, aided by stricter carbon accounting and 3G shutdowns. Telia’s conversion of Swedish meters shows the blueprint: swap proprietary PLC for licensed LTE radios, enable eUICC, and guarantee 15-year contracts. o2 Telefónica’s German footprint reported 132.4% year-over-year M2M subscriber growth in Q1 2025, mostly utility driven . Africa and Latin America remain nascent but are leapfrogging fixed lines with direct LTE IoT adoption in asset-tracking and agriculture.

List of Companies Covered in this Report:

  1. Qualcomm Technologies
  2. Gemalto (Thales DIS)
  3. u-blox AG
  4. Ericsson
  5. Cisco (Jasper)
  6. Cradlepoint
  7. Sequans Communications
  8. PureSoftware
  9. TELUS
  10. MediaTek
  11. Verizon
  12. ATandT
  13. Vodafone
  14. China Mobile
  15. Deutsche Telekom
  16. Quectel
  17. Fibocom
  18. Telit Cinterion
  19. Semtech
  20. Sierra Wireless

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Please note: The report will take approximately 2 business days to prepare and deliver.

Table of Contents

120 Pages
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET LANDSCAPE
4.1 Market Overview
4.2 Market Drivers
4.2.1 MAINSTREAM
4.2.1.1 Low-power cellular LPWA standards (NB-IoT, LTE-M) reach sub-USD 4 module cost
4.2.1.2 Smart utility-meter mandates in more than 60 countries
4.2.1.3 2G/3G sunsets forcing device migration to LTE IoT
4.2.2 UNDER-THE-RADAR
4.2.2.1 3GPP Rel-17 RedCap halves LTE-M power draw
4.2.2.2 Network-slicing-based QoS tiers lift average IoT ARPU
4.3 Market Restraints
4.3.1 MAINSTREAM
4.3.1.1 Sub-GHz spectrum congestion
4.3.1.2 Module price premium vs LoRaWAN/BLE alternatives
4.3.2 UNDER-THE-RADAR
4.3.2.1 Patchy NB-IoT roaming causing firmware forks
4.3.2.2 Carbon-emission reporting pushes firms toward ultra-low-energy LPWAN
4.4 Value/Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porter's Five Forces Analysi
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Buyers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes
4.7.5 Competitive Rivalry
5 MARKET SIZE AND GROWTH FORECASTS (VALUE)
5.1 By Service
5.1.1 Professional
5.1.2 Managed
5.2 By Product Type
5.2.1 NB-IoT (Cat-NB1)
5.2.2 LTE-M (eMTC Cat-M1)
5.3 By End-user Industry
5.3.1 IT and Telecom
5.3.2 Consumer Electronics
5.3.3 Retail (Digital Commerce)
5.3.4 Healthcare
5.3.5 Industrial
5.3.6 Other Industries
5.4 By Geography
5.4.1 North America
5.4.2 South America
5.4.3 Europe
5.4.4 Asia-Pacific
5.4.5 Middle East
5.4.6 Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
6.4.1 Qualcomm Technologies
6.4.2 Gemalto (Thales DIS)
6.4.3 u-blox AG
6.4.4 Ericsson
6.4.5 Cisco (Jasper)
6.4.6 Cradlepoint
6.4.7 Sequans Communications
6.4.8 PureSoftware
6.4.9 TELUS
6.4.10 MediaTek
6.4.11 Verizon
6.4.12 ATandT
6.4.13 Vodafone
6.4.14 China Mobile
6.4.15 Deutsche Telekom
6.4.16 Quectel
6.4.17 Fibocom
6.4.18 Telit Cinterion
6.4.19 Semtech
6.4.20 Sierra Wireless
7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK
7.1 White-space and Unmet-Need Assessment

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us