Quectel was the leading vendor for cellular IoT modules worldwide in regards to revenue in the fourth quarter of 2021 with a market share of 26.6 percent. No other vendor had a market share of 10 percent or more with six vendors' market share falling in the 5-10 percent range.
Automotive, router/CPE, industrial, personal computers, and point of sales systems are the major use cases and applications for cellular IoT modules.
Share of global cellular IoT module revenue from the first quarter 2021 to the fourth quarter of 2021, by vendor
Characteristic
Quectel
Telit
Meig
Sunsea
Thales
Rolling Wireless
Fibocom
Sierra Wireless
LG
WNC
China Mobile
Other
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Counterpoint Research. (March 31, 2022). Share of global cellular IoT module revenue from the first quarter 2021 to the fourth quarter of 2021, by vendor [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/787761/global-cellular-iot-module-revenue-share/
Counterpoint Research. "Share of global cellular IoT module revenue from the first quarter 2021 to the fourth quarter of 2021, by vendor." Chart. March 31, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/787761/global-cellular-iot-module-revenue-share/
Counterpoint Research. (2022). Share of global cellular IoT module revenue from the first quarter 2021 to the fourth quarter of 2021, by vendor. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/787761/global-cellular-iot-module-revenue-share/
Counterpoint Research. "Share of Global Cellular Iot Module Revenue from The First Quarter 2021 to The Fourth Quarter of 2021, by Vendor." Statista, Statista Inc., 31 Mar 2022, https://www.statista.com/statistics/787761/global-cellular-iot-module-revenue-share/
Counterpoint Research, Share of global cellular IoT module revenue from the first quarter 2021 to the fourth quarter of 2021, by vendor Statista, https://www.statista.com/statistics/787761/global-cellular-iot-module-revenue-share/ (last visited August 25, 2024)
Share of global cellular IoT module revenue from the first quarter 2021 to the fourth quarter of 2021, by vendor [Graph], Counterpoint Research, March 31, 2022. [Online]. Available: https://www.statista.com/statistics/787761/global-cellular-iot-module-revenue-share/