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Global cellular IoT module units to hit 780M

Global cellular IoT module shipments will cross 780 million units in 2024 to reach $11.5 billion in revenues and India is set to experience the highest growth

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Sentinel Digital DeskBy : Sentinel Digital Desk

  |  15 Feb 2021 8:43 AM GMT

NEW DELHI: Global cellular IoT module shipments will cross 780 million units in 2024 to reach $11.5 billion in revenues and India is set to experience the highest growth (38 per cent), according to latest research. NarrowBand-Internet of Things (NB-IoT) will lead the cellular IoT module shipments by 2024, followed by 4G and 5G. "The growth of NB-IoT will keep China ahead of other regions in the cellular IoT module market. However, India is expected to experience the highest growth (38 per cent) in shipments," said Associate Director Jan Stryjak. "The commercial deployment of NB-IoT by the country's major telecom operators, such as Jio, Vi, Airtel and BSNL, will help usher growth in cellular module shipments in India," he said in a statement. North America will overtake Europe in 2024 to become the second largest market after China. (IANS)

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