[161 Pages Report] The cellular IoT market is expected to grow from USD 1.26 billion
in 2015 to USD 5.31 billion by 2022, growing at a CAGR of 23.34% during the
forecast period. The base year considered for the study is 2015, and the market
size forecast is given for the period between 2016 and 2022.
Currently, connected devices are running on
the same networks and protocols that support the Internet and mobile
communications—cellular, Wi-Fi, Bluetooth, and so on. However, embedded sensors
and other distributed devices enabled with Internet of Things have different
network requirements than those of computers, phones, and/or tablets. While
using the Internet, generally the data is accessed irregularly and in large
chunks such as websites or streaming videos.
Remote sensors and smart machines, on the
other hand, often only need to send small packets of data at regular intervals,
and need to connect in areas away from the traditional infrastructure and a
convenient power supply. Most of these devices are spread out in such a wide
area, and devices can be situated in hard to reach places, such as basements or
inside elevators, where enhanced coverage is necessary. Many of the deployed
objects may also be moving; therefore, the broad coverage is required to ensure
uninterrupted coverage.
With the increasing demand from customers to
integrate smartphone functionalities into vehicles for a better driving
experience, automotive OEMs are strongly focusing on providing seamless in-car
mobile connectivity solutions. Automobile manufacturers are integrating
wireless communication into both luxury and economy vehicles.
With the advent in communication technology
that enables vehicular communication much easily and effectively, the drivers
are now capable of getting emergency alerts before they can reach the actual
destination. There are various types of communication prompted by IoT devices
such as in-vehicle communication, vehicle-to-vehicle communication, and
vehicle-to-infrastructure communication.
The major players in the cellular-IoT market
are Qualcomm Inc. (U.S.), Gemalto N.V. (Netherlands), Sierra Wireless (Canada),
U-Blox Holding AG (Switzerland), MediaTek Inc. (Taiwan), Telit Communications
PLC (U.K.), ZTE Corporation (China), Mistbase (Sweden), Sequans Communications
(France) and CommSolid GmbH (Germany).
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