Global cellular IoT module shipments reduced by 4% YoY and 28% QoQ during Q1 2020 due to the negative impact of COVID-19 outbreak, according to the latest research from Counterpoint Global Cellular IoT Module and Chipset Tracker. However, IoT module shipments based on the Low Power Wireless Access (LPWA) technology increased by 51% during this quarter, offsetting the decline in automotive and other mobility applications. The falling prices, lower power consumption and extended coverage are the major reasons for growing popularity of LPWA modules among other cellular technologies.
Commenting on future deployments, Research Associate Fahad Siddiqui said: “China will dominate the global cellular IoT module market in coming years, with North America and western Europe emerging as important markets. With more deployments of 5G network around the world, the demand for 5G modules will increase. Connected vehicles, CPEs and routers for FWA, industrial robots and video surveillance will be some of the key 5G IoT module driven applications, especially in markets such as North America, China, Korea, Taiwan, Japan and UK initially.”