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Revving up Tech Sales Growth through Trilingual Expertise | Building Strategic Relationships | Co-Founder @CloudPerry

๐Ÿš€ The Cellular IoT Module Market is Rebounding! ๐ŸŒž In Q1 2024, the market rose by 7% year on year, owing to China's resurgence in demand. Key Highlights: โ€ข  5G and LTE Cat 1 bis rose 67% year on year. โ€ข  Automotive and access points are experiencing the most rapid expansion. โ€ข  The top five companiesโ€”Quectel, Fibocom, Telit Cinterion, China Mobile, and LG Innotekโ€”represent 60% of the market. What happens next? 5G is predicted to lead the surge, with a 61% increase in revenue by 2024. LTE Cat 1 bis, which is quickly developing in China, is expected to increase revenue by 14%. Embedded automotive and access points are driving the rise, with considerable revenue contributions projected. ๐ŸŒ The market's resilience underscores China's leading role, with 54% of the market and 23% revenue growth in Q1 2024. ๐Ÿ“Š Despite decreases elsewhere, expect a bigger recovery later in 2024. Key trends: 5G and LTE Cat 1 bis will influence the future. Are you ready to go further into these insights and maximize the power of IoT? Let us connect! ๐Ÿ’ผ Source: https://buff.ly/4bcof5F --------------------- ๐——๐—ผ ๐˜†๐—ผ๐˜‚ ๐—น๐—ถ๐—ธ๐—ฒ ๐˜๐—ต๐—ถ๐˜€ ๐—ฝ๐—ผ๐˜€๐˜? ๐——๐—ผ๐—ป'๐˜ ๐—ณ๐—ผ๐—ฟ๐—ด๐—ฒ๐˜ ๐˜๐—ผ ๐—ฐ๐—น๐—ถ๐—ฐ๐—ธ ๐˜๐—ต๐—ฒ ๐—ฏ๐—ฒ๐—น๐—น ๐—ถ๐—ฐ๐—ผ๐—ป ๐Ÿ”” ๐—ณ๐—ผ๐—ฟ ๐—บ๐—ผ๐—ฟ๐—ฒ! #IoT #5G #Innovation

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Harald Naumann

I help HW developers for wireless IoT devices to quickly integrate/adapt an antenna, increase range, reduce power consumption and achieve radio certification at low cost.

1w

Charbel R. compare it with the market of all electronic components.

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