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๐ The Cellular IoT Module Market is Rebounding! ๐ In Q1 2024, the market rose by 7% year on year, owing to China's resurgence in demand. Key Highlights: โข 5G and LTE Cat 1 bis rose 67% year on year. โข Automotive and access points are experiencing the most rapid expansion. โข The top five companiesโQuectel, Fibocom, Telit Cinterion, China Mobile, and LG Innotekโrepresent 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. ๐ The market's resilience underscores China's leading role, with 54% of the market and 23% revenue growth in Q1 2024. ๐ 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! ๐ผ Source: https://buff.ly/4bcof5F --------------------- ๐๐ผ ๐๐ผ๐ ๐น๐ถ๐ธ๐ฒ ๐๐ต๐ถ๐ ๐ฝ๐ผ๐๐? ๐๐ผ๐ป'๐ ๐ณ๐ผ๐ฟ๐ด๐ฒ๐ ๐๐ผ ๐ฐ๐น๐ถ๐ฐ๐ธ ๐๐ต๐ฒ ๐ฏ๐ฒ๐น๐น ๐ถ๐ฐ๐ผ๐ป ๐ ๐ณ๐ผ๐ฟ ๐บ๐ผ๐ฟ๐ฒ! #IoT #5G #Innovation
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.
1wCharbel R. compare it with the market of all electronic components.