Despite a slight decline in the shipment of cellular IoT modules, there is a positive trend emerging with the rise of 5G-enabled cellular IoT modules. Industries such as routers/CPE, PCs, and automotive have recognized the potential of 5G, indicating a bright future for this technology.
According to Counterpoint Research, 5G-enabled modules are mainly driven by applications like smart meters, automotive, point of sale systems, routers/CPE, and telematics. While the market for cellular IoT modules has experienced a decline, the emergence of 5G-enabled modules offers hope. Among the different segments, only smart meters and routers/CPE have witnessed growth, while others have faced declines.
Interestingly, India stands out as the only region with positive shipment growth, while other regions, excluding China and India, have experienced steeper declines. Even market leaders like Quectel and Telit Cinterion have reported reduced shipment volumes due to subdued demand.
Looking ahead to 2023, the report predicts a decline in full-year shipments, reflecting the current subdued demand in the global cellular IoT module market. However, despite setbacks, the potential of 5G-enabled IoT modules remains promising. To fully unlock this potential, it is crucial to address the lack of compelling use cases and the high cost of devices.
Once these barriers are overcome, the transformative potential of 5G can be unleashed. As technology continues to evolve and stronger use cases are developed, we can anticipate a surge in demand for 5G in various industries, leading to widespread adoption.
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The source of the article is from the blog coletivometranca.com.br