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PUBLISHER: KBV Research | PRODUCT CODE: 1645334
PUBLISHER: KBV Research | PRODUCT CODE: 1645334
North America Cellular IoT Market Size, Share & Trends Analysis Report By End Use, By Component (Hardware and Software), By Technology (4G, 5G, 3G, and 2G), By Country and Growth Forecast, 2024 - 2031
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The North America Cellular IoT Market would witness market growth of 24.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Cellular IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,260.6 million by 2031. The Canada market is experiencing a CAGR of 27.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 26.5% during (2024 - 2031).
The cellular IoT rapidly transforms industries and societies by enabling billions of devices and objects to communicate through cellular networks, such as 4G, 5G, and beyond. As a subset of the broader IoT ecosystem, cellular IoT is uniquely positioned to provide reliable, scalable, and secure connections across diverse applications, from smart cities to healthcare.
The growth of this market is fuelled by its wide-ranging applications across various industries, growing adoption rates, and continuous technological innovations. This transformation reshapes how businesses and governments manage resources, improve efficiency, and enhance customer experiences. As these technologies evolve, they open up new frontiers in automation, remote monitoring, real-time analytics, and intelligent decision-making.
In Canada, the computer and electronic manufacturing sector saw an 8.1% revenue increase in 2021, reaching $15.5 billion, while total industry revenues also grew by 8.1% from $16.3 billion in 2020 to $17.9 billion. The growth in this sector directly impacts this market, as advancements in electronics manufacturing create opportunities for the development of IoT devices and connected solutions. Moreover, the retail sector in Mexico is valued at approximately USD 76 billion, with more than 47,000 retail stores nationwide. A dominant player like Walmart de Mexico accounts for a substantial share of supermarket sales. This growing retail market presents a significant opportunity for these solutions, as retail businesses increasingly rely on connected devices to manage inventory, track shipments, optimize supply chains, and enhance customer experiences. Therefore, both countries' growing sectors-Canada's electronics manufacturing and Mexico's retail industry-are laying the groundwork for increased cellular IoT adoption.
Based on End Use, the market is segmented into Automotive & Transportation, Healthcare, Agriculture, Consumer Electronics, Energy, Smart Cities, Environment Monitoring, Retail, and Other End Use. Based on Component, the market is segmented into Hardware and Software. Based on Technology, the market is segmented into 4G, 5G, 3G, and 2G. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Cisco Systems, Inc.
- Semtech Corporation
- Microsoft Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- AT&T Inc.
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Vodafone Group Plc
- PTC Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
North America Cellular IoT Market Report Segmentation
By End Use
- Automotive & Transportation
- Healthcare
- Agriculture
- Consumer Electronics
- Energy
- Smart Cities
- Environment Monitoring
- Retail
- Other End Use
By Component
- Hardware
- Software
By Technology
- 4G
- 5G
- 3G
- 2G
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Cellular IoT Market, by End Use
- 1.4.2 North America Cellular IoT Market, by Component
- 1.4.3 North America Cellular IoT Market, by Technology
- 1.4.4 North America Cellular IoT Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2022, Sep - 2024, Dec) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Cellular IoT Market by End Use
- 5.1 North America Automotive & Transportation Market by Country
- 5.2 North America Healthcare Market by Country
- 5.3 North America Agriculture Market by Country
- 5.4 North America Consumer Electronics Market by Country
- 5.5 North America Energy Market by Country
- 5.6 North America Smart Cities Market by Country
- 5.7 North America Environment Monitoring Market by Country
- 5.8 North America Retail Market by Country
- 5.9 North America Other End Use Market by Country
Chapter 6. North America Cellular IoT Market by Component
- 6.1 North America Hardware Market by Country
- 6.2 North America Software Market by Country
Chapter 7. North America Cellular IoT Market by Technology
- 7.1 North America 4G Market by Country
- 7.2 North America 5G Market by Country
- 7.3 North America 3G Market by Country
- 7.4 North America 2G Market by Country
Chapter 8. North America Cellular IoT Market by Country
- 8.1 US Cellular IoT Market
- 8.1.1 US Cellular IoT Market by End Use
- 8.1.2 US Cellular IoT Market by Component
- 8.1.3 US Cellular IoT Market by Technology
- 8.2 Canada Cellular IoT Market
- 8.2.1 Canada Cellular IoT Market by End Use
- 8.2.2 Canada Cellular IoT Market by Component
- 8.2.3 Canada Cellular IoT Market by Technology
- 8.3 Mexico Cellular IoT Market
- 8.3.1 Mexico Cellular IoT Market by End Use
- 8.3.2 Mexico Cellular IoT Market by Component
- 8.3.3 Mexico Cellular IoT Market by Technology
- 8.4 Rest of North America Cellular IoT Market
- 8.4.1 Rest of North America Cellular IoT Market by End Use
- 8.4.2 Rest of North America Cellular IoT Market by Component
- 8.4.3 Rest of North America Cellular IoT Market by Technology
Chapter 9. Company Profiles
- 9.1 Cisco Systems, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.5.3 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Semtech Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional & Segmental Analysis
- 9.2.4 Product Development and Engineering expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.5.3 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 Microsoft Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 AT&T, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Ericsson AB
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.5.2 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 Vodafone Group Plc
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental Analysis
- 9.8.4 Recent strategies and developments:
- 9.8.4.1 Partnerships, Collaborations, and Agreements:
- 9.8.4.2 Product Launches and Product Expansions:
- 9.9 PTC, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 SWOT Analysis
- 9.10. Samsung Electronics Co., Ltd. (Samsung Group)
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Partnerships, Collaborations, and Agreements:
- 9.10.5.2 Product Launches and Product Expansions:
- 9.10.5.3 Acquisition and Mergers:
- 9.10.6 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Cellular IoT Market, 2020 - 2023, USD Million
- TABLE 2 North America Cellular IoT Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Cellular IoT Market
- TABLE 4 Product Launches And Product Expansions- Cellular IoT Market
- TABLE 5 Acquisition and Mergers- Cellular IoT Market
- TABLE 6 North America Cellular IoT Market by End Use, 2020 - 2023, USD Million
- TABLE 7 North America Cellular IoT Market by End Use, 2024 - 2031, USD Million
- TABLE 8 North America Automotive & Transportation Market by Country, 2020 - 2023, USD Million
- TABLE 9 North America Automotive & Transportation Market by Country, 2024 - 2031, USD Million
- TABLE 10 North America Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 11 North America Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 12 North America Agriculture Market by Country, 2020 - 2023, USD Million
- TABLE 13 North America Agriculture Market by Country, 2024 - 2031, USD Million
- TABLE 14 North America Consumer Electronics Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America Consumer Electronics Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America Energy Market by Country, 2020 - 2023, USD Million
- TABLE 17 North America Energy Market by Country, 2024 - 2031, USD Million
- TABLE 18 North America Smart Cities Market by Country, 2020 - 2023, USD Million
- TABLE 19 North America Smart Cities Market by Country, 2024 - 2031, USD Million
- TABLE 20 North America Environment Monitoring Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America Environment Monitoring Market by Country, 2024 - 2031, USD Million
- TABLE 22 North America Retail Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America Retail Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America Other End Use Market by Country, 2020 - 2023, USD Million
- TABLE 25 North America Other End Use Market by Country, 2024 - 2031, USD Million
- TABLE 26 North America Cellular IoT Market by Component, 2020 - 2023, USD Million
- TABLE 27 North America Cellular IoT Market by Component, 2024 - 2031, USD Million
- TABLE 28 North America Hardware Market by Country, 2020 - 2023, USD Million
- TABLE 29 North America Hardware Market by Country, 2024 - 2031, USD Million
- TABLE 30 North America Software Market by Country, 2020 - 2023, USD Million
- TABLE 31 North America Software Market by Country, 2024 - 2031, USD Million
- TABLE 32 North America Cellular IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 33 North America Cellular IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 34 North America 4G Market by Country, 2020 - 2023, USD Million
- TABLE 35 North America 4G Market by Country, 2024 - 2031, USD Million
- TABLE 36 North America 5G Market by Country, 2020 - 2023, USD Million
- TABLE 37 North America 5G Market by Country, 2024 - 2031, USD Million
- TABLE 38 North America 3G Market by Country, 2020 - 2023, USD Million
- TABLE 39 North America 3G Market by Country, 2024 - 2031, USD Million
- TABLE 40 North America 2G Market by Country, 2020 - 2023, USD Million
- TABLE 41 North America 2G Market by Country, 2024 - 2031, USD Million
- TABLE 42 North America Cellular IoT Market by Country, 2020 - 2023, USD Million
- TABLE 43 North America Cellular IoT Market by Country, 2024 - 2031, USD Million
- TABLE 44 US Cellular IoT Market, 2020 - 2023, USD Million
- TABLE 45 US Cellular IoT Market, 2024 - 2031, USD Million
- TABLE 46 US Cellular IoT Market by End Use, 2020 - 2023, USD Million
- TABLE 47 US Cellular IoT Market by End Use, 2024 - 2031, USD Million
- TABLE 48 US Cellular IoT Market by Component, 2020 - 2023, USD Million
- TABLE 49 US Cellular IoT Market by Component, 2024 - 2031, USD Million
- TABLE 50 US Cellular IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 51 US Cellular IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 52 Canada Cellular IoT Market, 2020 - 2023, USD Million
- TABLE 53 Canada Cellular IoT Market, 2024 - 2031, USD Million
- TABLE 54 Canada Cellular IoT Market by End Use, 2020 - 2023, USD Million
- TABLE 55 Canada Cellular IoT Market by End Use, 2024 - 2031, USD Million
- TABLE 56 Canada Cellular IoT Market by Component, 2020 - 2023, USD Million
- TABLE 57 Canada Cellular IoT Market by Component, 2024 - 2031, USD Million
- TABLE 58 Canada Cellular IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 59 Canada Cellular IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 60 Mexico Cellular IoT Market, 2020 - 2023, USD Million
- TABLE 61 Mexico Cellular IoT Market, 2024 - 2031, USD Million
- TABLE 62 Mexico Cellular IoT Market by End Use, 2020 - 2023, USD Million
- TABLE 63 Mexico Cellular IoT Market by End Use, 2024 - 2031, USD Million
- TABLE 64 Mexico Cellular IoT Market by Component, 2020 - 2023, USD Million
- TABLE 65 Mexico Cellular IoT Market by Component, 2024 - 2031, USD Million
- TABLE 66 Mexico Cellular IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 67 Mexico Cellular IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 68 Rest of North America Cellular IoT Market, 2020 - 2023, USD Million
- TABLE 69 Rest of North America Cellular IoT Market, 2024 - 2031, USD Million
- TABLE 70 Rest of North America Cellular IoT Market by End Use, 2020 - 2023, USD Million
- TABLE 71 Rest of North America Cellular IoT Market by End Use, 2024 - 2031, USD Million
- TABLE 72 Rest of North America Cellular IoT Market by Component, 2020 - 2023, USD Million
- TABLE 73 Rest of North America Cellular IoT Market by Component, 2024 - 2031, USD Million
- TABLE 74 Rest of North America Cellular IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 75 Rest of North America Cellular IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 76 Key Information - Cisco Systems, Inc.
- TABLE 77 Key information - Semtech Corporation
- TABLE 78 Key Information - Microsoft Corporation
- TABLE 79 Key Information - Huawei Technologies Co., Ltd.
- TABLE 80 Key Information - AT&T, Inc.
- TABLE 81 key information - Ericsson AB
- TABLE 82 Key Information - Qualcomm Incorporated
- TABLE 83 Key information - Vodafone Group Plc
- TABLE 84 key Information - PTC, Inc.
- TABLE 85 Key Information - Samsung Electronics Co., Ltd.
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