global cellular IoT module market continued to recover sequentially but is yet to reach 2019 levels.
Quectel and Qualcomm maintained their top positions in the cellular IoT module vendor and chipset player market shares respectively.
Smart meter, automotive and telematics are the top three applications for cellular IoT modules globally in terms of shipments.
Global cellular IoT module shipments increased 9% QoQ but decreased 6% YoY during Q4 2020, according to the latest research by Counterpoint’s Global Cellular IoT Module, Chipset and Application Tracker.
The COVID-19 pandemic slowed down the
cellular IoT module demand across mobility sectors but saw an increased adoption among other industry verticals, such as healthcare and gateways. Only Japan and South Korea witnessed an increase in shipments on a YoY basis. The total