Cellular IoT Module Shipments Market Size, Share, Trends, Industry Analysis Report: By Technology, Application, Frequency Band, End User, and Region

Description

List of Tables

The global cellular IoT module shipments market size is expected to reach USD 85.47 billion by 2034, according to a new study by Polaris Market Research. The report "Cellular IoT Module Shipments Market Share, Size, Trends, Industry Analysis Report: By Technology (3G, 4G/LTE, and 5G), Application, Frequency Band, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Cellular IoT modules are hardware components that enable IoT devices to connect and communicate over cellular networks efficiently. One of the top trends shaping the cellular IoT module shipments market demand is the growing adoption of low-power wide-area (LPWA) networks, which optimize power consumption and extend battery life for IoT devices. LPWA technologies, including NB-IoT and LTE-M, are becoming increasingly popular for applications that require extensive coverage and minimal power usage, such as smart metering and asset tracking. This shift towards energy-efficient and cost-effective connectivity solutions is driving higher adoption rates of cellular IoT modules, supporting market expansion.

Another significant trend boosting the cellular IoT module shipments market development is the increasing integration of embedded SIM (eSIM) technology in IoT devices. Unlike traditional SIM cards, eSIMs are remotely programmable and enable seamless network switching, improving flexibility and scalability for IoT deployments. This is particularly beneficial for applications that involve cross-border connectivity or require remote management, such as logistics and fleet management. The adoption of eSIMs simplifies device management and also reduces operational complexities, further accelerating the demand for cellular IoT modules globally.

Cellular IoT Module Shipments Market Report Highlights

In terms of technology, the 4G/LTE segment led the market in 2024, owing to its broad adoption, dependable coverage, and optimal balance between cost and performance.

Based on application, the telematics & automotive segment is anticipated to experience the fastest growth in the cellular IoT module shipments market during the forecast period, fueled by the increasing adoption of connected vehicles and advancements in telematics technologies.

Asia Pacific accounted for the largest share of the global market in 2024, driven by its strong manufacturing ecosystem, extensive smart city projects, and substantial investments in IoT infrastructure.

The North America cellular IoT module shipments market is expected to witness the fastest growth during the forecast period, supported by the growing adoption of IoT in sectors like healthcare, logistics, and retail.

A few global key market players include China Mobile Limited; Fibocom Wireless Inc.; LG Innotek; Lierda Science & Technology Group Co., Ltd.; Neoway Technology Co. LTD.; Quectel Wireless Solutions Co., Ltd; Semtech Corporation; Sunsea AIoT Technology Co., Ltd.; Telit Cinterion; and u-blox AG.

Polaris Market Research has segmented the cellular IoT module shipments market report on the basis of technology, application, frequency band, end user, and region:

By Technology Outlook (Revenue, USD Billion, 2020-2034)

3G
4G/LTE
5G

By Application Outlook (Revenue, USD Billion, 2020-2034)

Smart Meters & Utilities
Telematics & Automotive
Healthcare
Retail
Smart Cities
Others

By Frequency Band Outlook (Revenue, USD Billion, 2020-2034)

Licensed Spectrum
Unlicensed Spectrum

By End User Outlook (Revenue, USD Billion, 2020-2034)

Transportation & Logistics
Energy & Utilities
Healthcare
Manufacturing
Others

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Vietnam
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa

Product Code: PM5424

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Cellular IoT Module Shipments Market Insights

4.1. Cellular IoT Module Shipments Market - Market Snapshot
4.2. Cellular IoT Module Shipments Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rising Retail POS Upgrades
  - 4.2.1.2. Increasing Asset Tracking Demand
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Weakened Demand and Inventory Adjustments
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Cellular IoT Module Shipments Market Trends
4.6. Value Chain Analysis

5. Global Cellular IoT Module Shipments Market, by Technology

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
5.3. 3G
- 5.3.1. Global Cellular IoT Module Shipments Market, by 3G, by Region, 2020-2034 (USD billion)
5.4. 4G/LTE
- 5.4.1. Global Cellular IoT Module Shipments Market, by 4G/LTE, by Region, 2020-2034 (USD billion)
5.5. 5G
- 5.5.1. Global Cellular IoT Module Shipments Market, by Drug Discovery Services, by Region, 2020-2034 (USD billion)

6. Global Cellular IoT Module Shipments Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
6.3. Smart Meters & Utilities
- 6.3.1. Global Cellular IoT Module Shipments Market, by Smart Meters & Utilities, by Region, 2020-2034 (USD billion)
6.4. Telematics & Automotive
- 6.4.1. Global Cellular IoT Module Shipments Market, by Telematics & Automotive, by Region, 2020-2034 (USD billion)
6.5. Healthcare
- 6.5.1. Global Cellular IoT Module Shipments Market, by Healthcare, by Region, 2020-2034 (USD billion)
6.6. Retail
- 6.6.1. Global Cellular IoT Module Shipments Market, by Retail, by Region, 2020-2034 (USD billion)
6.7. Smart Cities
- 6.7.1. Global Cellular IoT Module Shipments Market, by Smart Cities, by Region, 2020-2034 (USD billion)
6.8. Others
- 6.8.1. Global Cellular IoT Module Shipments Market, by Other, by Region, 2020-2034 (USD billion)

7. Global Cellular IoT Module Shipments Market, by Frequency Band

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Cellular IoT Module Shipments Market, by Licensed Spectrum, 2020-2034 (USD billion)
7.3. Licensed Spectrum
- 7.3.1. Global Cellular IoT Module Shipments Market, by Commercial, by Region, 2020-2034 (USD billion)
7.4. Unlicensed Spectrum
- 7.4.1. Global Cellular IoT Module Shipments Market, by Unlicensed Spectrum, by Region, 2020-2034 (USD billion)

8. Global Cellular IoT Module Shipments Market, by End User

8.1. Key Findings
8.2. Introduction
- 8.2.1. Global Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
8.3. Transportation & Logistics
- 8.3.1. Global Cellular IoT Module Shipments Market, by Transportation & Logistics, by Region, 2020-2034 (USD billion)
8.4. Energy & Utilities
- 8.4.1. Global Cellular IoT Module Shipments Market, by Energy & Utilities, by Region, 2020-2034 (USD billion)
8.5. Healthcare
- 8.5.1. Global Cellular IoT Module Shipments Market, by Healthcare, by Region, 2020-2034 (USD billion)
8.6. Manufacturing
- 8.6.1. Global Cellular IoT Module Shipments Market, by Manufacturing, by Region, 2020-2034 (USD billion)
8.7. Others
- 8.7.1. Global Cellular IoT Module Shipments Market, by Others, by Region, 2020-2034 (USD billion)

9. Global Cellular IoT Module Shipments Market, by Geography

9.1. Key Findings
9.2. Introduction
- 9.2.1. Cellular IoT Module Shipments Market Assessment, By Geography, 2020-2034 (USD billion)
9.3. Cellular IoT Module Shipments Market - North America
- 9.3.1. North America: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
- 9.3.2. North America: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
- 9.3.3. North America: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
- 9.3.4. North America: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.3.5. Cellular IoT Module Shipments Market - US
  - 9.3.5.1. US: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.3.5.2. US: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.3.5.3. US: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.3.5.4. US: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.3.6. Cellular IoT Module Shipments Market - Canada
  - 9.3.6.1. Canada: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.3.6.2. Canada: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.3.6.3. Canada: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.3.6.4. Canada: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
9.4. Cellular IoT Module Shipments Market - Europe
- 9.4.1. Europe: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
- 9.4.2. Europe: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
- 9.4.3. Europe: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
- 9.4.4. Europe: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.4.5. Cellular IoT Module Shipments Market - UK
  - 9.4.5.1. UK: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.4.5.2. UK: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.4.5.3. UK: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.4.5.4. UK: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.4.6. Cellular IoT Module Shipments Market - France
  - 9.4.6.1. France: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.4.6.2. France: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.4.6.3. France: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.4.6.4. France: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.4.7. Cellular IoT Module Shipments Market - Germany
  - 9.4.7.1. Germany: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.4.7.2. Germany: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.4.7.3. Germany: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.4.7.4. Germany: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.4.8. Cellular IoT Module Shipments Market - Italy
  - 9.4.8.1. Italy: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.4.8.2. Italy: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.4.8.3. Italy: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.4.8.4. Italy: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.4.9. Cellular IoT Module Shipments Market - Spain
  - 9.4.9.1. Spain: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.4.9.2. Spain: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.4.9.3. Spain: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.4.9.4. Spain: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.4.10. Cellular IoT Module Shipments Market - Netherlands
  - 9.4.10.1. Netherlands: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.4.10.2. Netherlands: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.4.10.3. Netherlands: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.4.10.4. Netherlands: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.4.11. Cellular IoT Module Shipments Market - Russia
  - 9.4.11.1. Russia: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.4.11.2. Russia: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.4.11.3. Russia: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.4.11.4. Russia: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.4.12. Cellular IoT Module Shipments Market - Rest of Europe
  - 9.4.12.1. Rest of Europe: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.4.12.2. Rest of Europe: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.4.12.3. Rest of Europe: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.4.12.4. Rest of Europe: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
9.5. Cellular IoT Module Shipments Market - Asia Pacific
- 9.5.1. Asia Pacific: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
- 9.5.2. Asia Pacific: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
- 9.5.3. Asia Pacific: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
- 9.5.4. Asia Pacific: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.5.5. Cellular IoT Module Shipments Market - China
  - 9.5.5.1. China: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.5.5.2. China: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.5.5.3. China: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.5.5.4. China: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.5.6. Cellular IoT Module Shipments Market - India
  - 9.5.6.1. India: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.5.6.2. India: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.5.6.3. India: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.5.6.4. India: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.5.7. Cellular IoT Module Shipments Market - Malaysia
  - 9.5.7.1. Malaysia: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.5.7.2. Malaysia: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.5.7.3. Malaysia: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.5.7.4. Malaysia: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.5.8. Cellular IoT Module Shipments Market - Japan
  - 9.5.8.1. Japan: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.5.8.2. Japan: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.5.8.3. Japan: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.5.8.4. Japan: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.5.9. Cellular IoT Module Shipments Market - Indonesia
  - 9.5.9.1. Indonesia: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.5.9.2. Indonesia: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.5.9.3. Indonesia: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.5.9.4. Indonesia: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.5.10. Cellular IoT Module Shipments Market - South Korea
  - 9.5.10.1. South Korea: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.5.10.2. South Korea: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.5.10.3. South Korea: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.5.10.4. South Korea: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.5.11. Cellular IoT Module Shipments Market - Australia
  - 9.5.11.1. Australia: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.5.11.2. Australia: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.5.11.3. Australia: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.5.11.4. Australia: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.5.12. Cellular IoT Module Shipments Market - Rest of Asia Pacific
  - 9.5.12.1. Rest of Asia Pacific: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.5.12.2. Rest of Asia Pacific: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.5.12.3. Rest of Asia Pacific: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.5.12.4. Rest of Asia Pacific: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
9.6. Cellular IoT Module Shipments Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
- 9.6.2. Middle East & Africa: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
- 9.6.3. Middle East & Africa: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
- 9.6.4. Middle East & Africa: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.6.5. Cellular IoT Module Shipments Market - Saudi Arabia
  - 9.6.5.1. Saudi Arabia: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.6.5.2. Saudi Arabia: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.6.5.3. Saudi Arabia: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.6.5.4. Saudi Arabia: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.6.6. Cellular IoT Module Shipments Market - UAE
  - 9.6.6.1. UAE: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.6.6.2. UAE: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.6.6.3. UAE: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.6.6.4. UAE: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.6.7. Cellular IoT Module Shipments Market - Israel
  - 9.6.7.1. Israel: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.6.7.2. Israel: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.6.7.3. Israel: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.6.7.4. Israel: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.6.8. Cellular IoT Module Shipments Market - South Africa
  - 9.6.8.1. South Africa: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.6.8.2. South Africa: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.6.8.3. South Africa: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.6.8.4. South Africa: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.6.9. Cellular IoT Module Shipments Market - Rest of Middle East & Africa
  - 9.6.9.1. Rest of Middle East & Africa: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.6.9.2. Rest of Middle East & Africa: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.6.9.3. Rest of Middle East & Africa: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.6.9.4. Rest of Middle East & Africa: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
9.7. Cellular IoT Module Shipments Market - Latin America
- 9.7.1. Latin America: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
- 9.7.2. Latin America: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
- 9.7.3. Latin America: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
- 9.7.4. Latin America: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.7.5. Cellular IoT Module Shipments Market - Mexico
  - 9.7.5.1. Mexico: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.7.5.2. Mexico: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.7.5.3. Mexico: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.7.5.4. Mexico: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.7.6. Cellular IoT Module Shipments Market - Brazil
  - 9.7.6.1. Brazil: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.7.6.2. Brazil: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.7.6.3. Brazil: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.7.6.4. Brazil: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.7.7. Cellular IoT Module Shipments Market - Argentina
  - 9.7.7.1. Argentina: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.7.7.2. Argentina: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.7.7.3. Argentina: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.7.7.4. Argentina: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)
- 9.7.8. Cellular IoT Module Shipments Market - Rest of Latin America
  - 9.7.8.1. Rest of Latin America: Cellular IoT Module Shipments Market, by Technology, 2020-2034 (USD billion)
  - 9.7.8.2. Rest of Latin America: Cellular IoT Module Shipments Market, by Application, 2020-2034 (USD billion)
  - 9.7.8.3. Rest of Latin America: Cellular IoT Module Shipments Market, by Frequency Band, 2020-2034 (USD billion)
  - 9.7.8.4. Rest of Latin America: Cellular IoT Module Shipments Market, by End User, 2020-2034 (USD billion)

10. Competitive Landscape

10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions

11. Company Profiles

11.1. China Mobile Limited.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
11.2. Fibocom Wireless Inc.
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
11.3. LG Innotek
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
11.4. Lierda Science & Technology Group Co., Ltd.
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
11.5. Neoway Technology Co. LTD.
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
11.6. Quectel Wireless Solutions Co., Ltd
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
11.7. Semtech Corporation
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
11.8. Sunsea AIoT Technology Co., Ltd.
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
11.9. Telit Cinterion
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
11.10. u-blox AG
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development