Global IOT Communications Module Market Overview:
An IoT module (also known as a "wireless module," "rf module," or "IoT chip") is a tiny electronic device that delivers and receives data and is implanted in objects, machines, and things that are linked to wireless networks. The Internet of Things module uses the same technology and data circuits as mobile phones, but without the display or keyboard. The demand for IoT communications module is completely dependant on the need of the consumer and the application it will be used for. As IoT devices are often employed in extreme situations; they are generally made durable. North America is the largest for the IoT communications module followed by the Asia Pacific due to technological advancements.
- Increasing Prevalence of IoT Devices Which Need Communication Module
- Growing Adoption of IoT in Wide Range of Industries
- Introduction Of 5G Will Hugely Benefit the IoT Communications Module Market
- Huge Growth of IoT Communication Module Market Due to IoT Adoption by Militaries
- IoT Communications Module Manufacturing Is Very Complex
- Patents May Act as Entry Barrier for New Entrants in The Market
Some of the key players profiled in the report are Thales Group (France), Toppan Printing (Japan), Fibocom (China), Sierra Wireless (Canada), Telit (United Kingdom), Quectel Wireless Solutions Co., Ltd. (China), u-blox (Switzerland), SIMCom Wireless Solutions Limited (China), Gemalto (Netherlands) and Foxconn (Taiwan). Considering Market by Cellular Technology, the sub-segment i.e. 5G will boost the IOT Communications Module market. Considering Market by Industry Verticals, the sub-segment i.e. Aerospace and Defense will boost the IOT Communications Module market.
Latest Market Insights:
On 28th July 2020, Fibocom, a major global provider of IoT wireless solutions and wireless communication modules, has reached a joint venture agreement with three investment institutions to purchase Sierra Wireless' automotive embedded module product line. This strategic decision will improve Fibocom's industrial edge in the IoT sector and assist to further increase its worldwide market share in the automotive embedded module industry, marking an important milestone in the company's globalisation.
On 31st May 2021, Toppan Printing a global leader in communication, security, packaging, décor materials, and electronics solutions, started mass production of a new, improved communication module as a core component for ZETA, the next-generation Low Power Wide Area (LPWA) network protocol. ZETA expands the network area by employing battery-powered motes (intermediate nodes). This allows for stable wireless communication in places where other LPWA networks may be difficult to connect to, such as factories with complicated layouts and office buildings with subterranean utilities.
What Can be Explored with the IOT Communications Module Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global IOT Communications Module Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in IOT Communications Module
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global IOT Communications Module market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in IOT Communications Module market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, IoT Communications Module Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global IOT Communications Module Market?
The IOT Communications Module market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in IOT Communications Module Market?
Top performing companies in the Global IOT Communications Module market are Thales Group (France), Toppan Printing (Japan), Fibocom (China), Sierra Wireless (Canada), Telit (United Kingdom), Quectel Wireless Solutions Co., Ltd. (China), u-blox (Switzerland), SIMCom Wireless Solutions Limited (China), Gemalto (Netherlands) and Foxconn (Taiwan), to name a few.
3. What trending factors would impact IOT Communications Module Market growth most?
"Growing Innovation in Low Power IoT Communications Modules" is seen as one of major influencing trends for IOT Communications Module Market during projected period 2020-2026.