Cellular IoT Market Trends, Share, Growth Opportunities, and Forecast 2025-2033

The latest report by IMARC Group, titled “Cellular IoT Market Report by Component (Hardware, Software), Type (2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IoT, 5G), End Use (Agriculture, Automotive and Transportation, Consumer Electronics, Energy, Environment Monitoring, Healthcare, Retail, Smart Cities, and Others), and Region 2025-2033,”  provides an extensive analysis of the cellular IoT market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

How Big is the Cellular IoT Market?

The global cellular IoT market size reached USD 6.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 28.7 Billion by 2033, exhibiting a growth rate (CAGR) of 17.33% during 2025-2033.

Cellular IoT Market Dynamics:

Rise of IoT Applications in the Market:

The increase in IoT devices that are used in various fields contributes to the growth of the cellular IoT. Numerous industries such as healthcare, smart cities, smart cars and industrial automation make use of IoT enabled devices and applications. Moreover, because these cellular IoT supports diverse applications, they facilitate communication and data between devices by providing the connectivity and networking infrastructure needed.

Advancements in Cellular Network Technologies:

The rise of 5G and LTE-M technologies that are a part of the other generation cellular networks could drastically affect the use of cellular IoT. These technologies enhance cellular IoT from its speed, reliability through low delay, and better connection coverage. Because of these features, it’s no surprise that many IoT applications are turning towards these network technologies. With the ongoing advance of the cellular networks, it goes without saying that the prospects of IoT applications will develop, which in turn promotes the expansion of cellular IoT.

Increasing Demand for Low-Power, Wide-Area Networks (LPWAN):

Low Power Wide Area Networks (LPWAN) technologies are gaining traction in IoT applications that need long device battery life and great coverage. Cellular IoT is a strong and effective LPWAN solution which permits the establishment of wide scale IoT subnetworks. The market for cellular IoT is all set to take advantage as the need for solutions based on LPWAN continues to increase.

Cellular IoT Market Trends:

There is a spike in the cellular IoT market because of the increased use of IoT devices, increased use of cellular networks, and increased use of LPWAN solutions. With the developing IoT space, cellular IoT will be able to assist in connecting devices for purpose of deriving insights and innovation in various fields. Moreover, the existing networks and scaling of robust cellular IoT networks will determine the success of IoT within the region.

Competitive Landscape With Key Players:

• Arm Limited
• Commsolid GmbH (Goodix Technology (HK) Company Limited)
• MediaTek Inc.
• Qualcomm Incorporated
• Sequans Communications
• Sierra Wireless
• Telefonaktiebolaget LM Ericsson
• Telit, Texas Instruments Incorporated
• Thales Group
• U-Blox Holding AG and ZTE Corporation

Key Market Segmentation:

Breakup by Component:

• Hardware
• Software

• Device Management
• Signal Processing

Breakup by Type:

• 2G
• 3G
• 4G
• LTE-M
• NB-LTE-M
• NB-IoT
• 5G

Breakup by End Use:

• Agriculture
• Automotive and Transportation
• Consumer Electronics
• Energy
• Environment Monitoring
• Healthcare
• Retail
• Smart Cities
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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