According to the Market Statsville Group (MSG), the Global AI Cellular IoT Module Market size is expected to project a considerable CAGR of 16% from 2024 to 2033.
The market for AI cellular IoT modules is witnessing strong growth mainly due to the growing interest of the market in smart devices and applications, such as in industries like healthcare, transportation, and smart cities. These modules enable devices to connect over cellular networks with augmented intelligence to provide edge analytics and processing capabilities. With industries striving to be efficient in their operations and hence in making better decisions, the integration of AI into the cellular IoT modules is a no-brainer. The high-bandwidth, low-latency real-time transmissions that cellular IoT modules promise to deliver with 5G connectivity have driven the key players to develop advanced modules. The new automation and digital transformation trends in various sectors are also furthering market growth. Other contributing factors to this growth include greater investments in IoT infrastructure and the growing need for energy management. Therefore, over the next few years, the market for the AI cellular IoT module is expected to witness exponential growth with a wide range of applications and constant technological developments in the future.
Definition of the AI Cellular IoT Module
AI cellular IoT modules are advanced hardware components that can connect IoT devices to cellular networks but also have artificial intelligence on board. Such modules allow for real-time processing, analytics, and decision-making at the edge; thus, the device works very autonomously and with high efficiency. In a smart city, in industrial automation, healthcare, and other applications, it ensures stable, constant communication all over the operation through cellular connectivity.
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Scope of the Global AI Cellular IoT Module Market
The study categorizes the AI Cellular IoT Module market based on technology, component, and applications at the regional and global levels.
By Technology Outlook (Sales, USD Million, 2019-2033)
- 4G LTE
- 5G
- NB-IoT
- LTE-M
By Component Outlook (Sales, USD Million, 2019-2033)
- Hardware
- Software
- Services
By Application Outlook (Sales, USD Million, 2019-2033)
- Smart Cities
- Industrial Automation
- Healthcare
- Transportation and Logistics
- Agriculture
- Others
By Region Outlook (Sales, USD Million, 2019-2033)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Poland
- Russia
- The Netherlands
- Norway
- Czech Republic
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Thailand
- Singapore
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Northern Africa
- Rest of MEA
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Competitive Landscape: Global AI Cellular IoT Module Market
The global AI cellular IoT module market is highly competitive. In this market, there exist large established players and a plethora of new entrants vying for market share. Strong companies are innovating to realize advanced AI capabilities with support from 5G connectivity in pursuit of enhancing their performance. Strategic partnerships, mergers, and acquisitions are very common as companies look to expand their portfolios of products and geographical reach. Such a contest creates an environment where this spectrum of technology will be continually broadened, providing considerable opportunity for niche players as well.
Major players in the global AI Cellular IoT Module market are:
- Huawei Technologies Co., Ltd.
- Thales Group
- U-Blox Holding AG
- Qualcomm Technologies, Inc.
- Sierra Wireless
- Telit Communications PLC
- Quectel Wireless Solutions Co., Ltd.
- Other Major Players
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Hardware segment accounts for the largest market share by Component
Based on the Components, the market is divided into Hardware, Software, and Services. The hardware segment accounted for the largest market share in the global AI Cellular IoT Module market. This is because it plays a critical role in connecting and realizing the functionality of IoT devices. Modules and antennas are among the key hardware components, which practically form the backbone of IoT solutions. Their real significance lies in enabling devices to reach cellular networks and communicate properly. With an upward trend regarding demand for AI-driven IoT devices, advanced, reliable, and robust hardware is in higher demand, leading to increased growth in this segment. With the advent of 5G and other next-gen networks, the requirement to phase out the older and more lagging IoT modules-low-bandwidth and higher-latency requires replacing them with higher-bandwidth and lower-latency modules-hardware. Hardware attracts innovation through continuous miniaturization and improved power efficiency which makes IoT devices even more attractive and flexible in diverse industries. While software and services are considered crucial, it is hardware that forms the bedrock for making connectivity and processing of AI-driven tasks possible and hence at the top of the market.
Asia-Pacific (APAC) accounted for the largest market share by Region.
Based on the regions, the global market of AI Cellular IoT Module has been segmented across North America, Europe, the Middle East & Africa, South America, and Asia-Pacific. Asia-Pacific (APAC) region holds the largest AI Cellular IoT Module market share. Rapid industrialization and technological developments coupled with the growing demand for smart connectivity solutions are the key drivers behind this. A few countries, including China, Japan, and South Korea, are currently leading in IoT adoption, supported by strong telecommunication infrastructures and a huge amount of investment in 5G technology. Apart from these countries, the large manufacturing base in the region also encourages the implementation of AI cellular IoT modules in different applications, that is, from smart factories to logistics and transportation. Another driving factor for connected solutions is the increasing significance of smart cities and urbanization projects in countries like India. The APAC region has a huge user base, and smartphone penetration is increasing, which contributes to IoT devices proliferation. Encouragement of digital transformation and innovation from government policies also boosts the market growth environment. Overall, advancements in technology and a suitable infrastructure contribute to APAC's upward movement in the market for AI cellular IoT modules.
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