4G Archives - Counterpoint - 华体会体育娱乐平台

4G Smartphones Dominate Mexico’s Q2 2023 Bestsellers List

Samsung dominated with five models on the list.
Apple’s iPhone 11 was the third best-selling model in Mexico in Q2 2023.
60% of the models in the top 10 list were priced below $150.
Samsung’s Galaxy A34, Galaxy A54 5G were the only two 5G models on the top 10 list.

Mexicois the second most important smartphone market in Latin America. The country has the second-highest population in the region and hosts an extremely competitive ecosystem. Mexico’s geographical size and lack of import barriers make it an extremely attractivesmartphonemarket.

The top-selling models accounted for 35% of Mexico’s total smartphonemarketin Q2 2023. The top 10 list almost appears like Samsung’s performance for the quarter as the brand dominated the top-selling chart in Mexico in Q2 2023. Five of the 10 best-selling models were fromSamsung. According to Counterpoint’s Market Pulse Report, Samsung’s share in Q2 2023 was slightly more than 30%.

OPPO and Motorola both had two models in the Q2 2023 top-selling list. Motorola, which has always been a strong player in theMexican市场,推出了几款新车型在夸脱er that helped the brand increase its market share. OPPO, a relatively new entrant in theLATAMmarket, managed to retain its third position in market share with two of its models in the top-selling list.

Source: Counterpoint Research Market Pulse, Q2 2023

60% of the models in the top 10 list were priced below $150. This price band accounts for 52% of the overallsmartphonemarket in Mexico. However, premiumization is infiltrating the Mexican market, and the number of models in the >$150 band is increasing in the top-selling list. This trend is accelerating slowly but will surely lead to a higher overall smartphone ASP.

Apple’s four-year-oldiPhone11 has been part of the Mexican bestseller list for a few quarters now. It was the third best-selling model in the Mexican market in Q2 2023. The iPhone 11, which is a 4G model, was the most expensive model on the list. The massive sales of this model reflect the strength of Apple’s branding.

The 4G version of OPPO’s Reno 7 was another model in the bestsellers list priced more than $150. This is quite an achievement for the brand, which arrived in the region just three years ago.OPPOis still building its branding in the Mexican market. The Reno 7 has been in the Mexican top-selling chart since December 2022.

It is noteworthy that only two models in the chart are 5G phones – the Samsung Galaxy A34 and the Samsung Galaxy A54 5G. The latter one is also the most expensive Samsung model in the top-selling list. Meanwhile, Telcel has been pushing its subscriber base to replace their phone with a 5G one. Mexican consumers are still not ready for5Gtechnology. They would rather get more specs than access the technology.

Colombia Telecom Meet Focuses on Digital Divide, 5G Launch

Colombian telecom operators and government are positive about the outcome of the 5G spectrum auction in December.
The government, telecom operators and regulatory bodies want to increase broadband penetration and provide training to Colombians to bridge the digital divide.
Telecom operators ETB and Claro shared their plans to leverage 5G to enhance verticals like education, mobility, and B2B services.

Even asColombialooks forward to holding its first 5G auction in December this year, it has much more basic and long-pending telecom sector-related issues that need the attention of all stakeholders, whether the operators or government departments. It is with this in mind that representatives from the Colombian government, regulatory bodies, telecom operators and manufacturers gathered in the nation’s capital, Bogota, at the end of June for the Conecta Colombia summit. The event, which is a part of the series that Conecta Latam organizes in the region, saw discussions on regulation, technology and, of course, business. A team of analysts from Counterpoint was also present at the event. Here are their key takeaways:

5G and connectivity expansionThe potential of 5G technology and its impact on various sectors were essential discussion topics at the event. Telecom operators ETB and Claro shared their plans to leverage 5G to enhance verticals like education, mobility, and B2B services. Investments in broadband and 4G were also emphasized as ongoing priorities alongside the imminent 5G auction. The discussions also recognized the need to focus on network coverage and connectivity expansion, ensuring that before the widespread adoption of 5G.

Main 5G verticals to be developed in Colombia, including a $166 billion opportunity until 2035 as per Hugo Chang at Nokia.

Security and digital transformation

Bridging the digital divideAccording to the regulators, by the end of Q1 2023, Colombia had 9 million fixed broadband connections, which means that only approx. 61% of households in Colombia have access to fixed broadband. Highlighting Colombia’s digital divide, speakers at the summit emphasized the need to address challenges Colombians have such as lack of technical skills and connectivity. The government, telecom operators and regulatory bodies discussed strategies to increase broadband penetration, provide training to Colombians, involve regional stakeholders in the sector decision-making, and improve job formalization. The focus was on leveraging technology to narrow the digital divide and ensure equal access to digital opportunities.

“Centros Digitales” at the core of the solution to bridge the digital divide. MinTic aims to reach 85% broadband penetration by 2031 compared to 61% in Q1 2023.

Main 5G verticals to be developed in Colombia, including a $166 billion opportunity until 2035 as per Hugo Chang at Nokia.

Security and digital transformation

During 2022 there were 20 billion failed cyberattacks in Colombia as disclosed by a Fortinet study, based on that government officials and telecom operators highlighted the importance of cybersecurity for the industry. Panel discussions emphasized the need for a national entity to coordinate carrier efforts and use artificial intelligence (AI) as a defensive tool. Besides, the event explored the concept of digital transformation withintelecom公司围绕着emplo与讨论yee training, customer experience and the transformation of big data into “mega data” facilitated by 5G. The role of alternative revenue drivers such as VoLTE and MVNO products were also highlighted as options before the 5G benefits come to play.

Saul Kattan, technical consultant of the Colombian presidency leads the panel discussion on the role of a national cybersecurity entity sponsored by the government.

What is next?On August 1, the regulator will publish the first draft of the auction process, covering the mechanism to be followed and the required technical conditions for the applicants. The second draft will be released one month later and the final in October. In November and December, all the interested parties will submit their applications for the auction, which will start on December 20. 2024 can become the year of the 5G availability in the country.

5 g auction and 4G spectrum renovations chronogram.

“Centros Digitales” at the core of the solution to bridge the digital divide. MinTic aims to reach 85% broadband penetration by 2031 compared to 61% in Q1 2023.

Main 5G verticals to be developed in Colombia, including a $166 billion opportunity until 2035 as per Hugo Chang at Nokia.

Security and digital transformation

Saul Kattan, technical consultant of the Colombian presidency leads the panel discussion on the role of a national cybersecurity entity sponsored by the government.

5 g auction and 4G spectrum renovations chronogram.

Global Cellular IoT Connections to Cross 6 Billion in 2030

Global cellular IoT connections grew 29% YoY to reach 2.7 billion in 2022 with 4G continuing to grow its majority share.
China held more than two-thirds of total cellular IoT connections in 2022, followed by Europe and North America.
NB-IoT dominates in China, while LTE-M is preferred in Australia, Japan and North America; Europe supports both.
4G and NB-IoT are the most preferred technologies for cellular IoT applications.
5G is nascent as module prices and breadth of applications reflect early-stage dynamics.
IoT growth drivers are shifting, with the enterprise and transformation initiatives key in propelling IoT connections forward.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – June 12, 2023

Global cellular IoT connections grew strongly at 29% YoY to reach2.7 billionin 2022, according to Counterpoint’s latestGlobalCellular IoT Connections Tracker报告。They are expected to grow at a CAGR of 10.8% to reach an installed base of over6 billionby 2030. China held more than two-thirds of total cellular IoT connections in 2022, followed by Europe and North America.

Amid the challenges faced by various industries, such as inflation,macroeconomicheadwinds and supply chain constraints, the cellular IoT market has experienced remarkable growth fuelled by thedigital transformationinitiatives undertaken by various industry applications like smart meters, automobiles and asset tracking in particular. Cellular IoT connectivity has played a significant role in enhancing productivity, streamlining operations, minimizing downtime, automating processes and generating cost savings for industries. The COVID-19 outbreak unexpectedly proved beneficial for enterprise IoT players, accelerating their digital transformation efforts.

Commenting on the cellular IoT connectivity technology dynamics,SeniorResearch AnalystSoumen Mandalsaid, “At the end of 2022, 4G and NB-IoT together accounted for nearly 90% of the installed base of cellular IoT connections. 4G emerged as the most preferred technology for cellular IoT connections after surpassing 2G and 3G-based IoT connections in 2016. NB-IoT has gained significant popularity in China, while Japan, Australia and North America prefer LTE-M technology for lower-end applications. Europe has adopted a combination of NB-IoT and LTE-M, supported by roaming services offered by most operators.

In recent times, 4G Cat 1 bis technology has gained significant popularity over NB-IoT due to its superior performance. Applications such asPOS, telematics andsmart metersare increasingly adopting this technology on a larger scale. The rising shipments of devices based on 4G Cat 1 and 4G Cat 1 bis technologies are contributing to the stagnant market growth of NB-IoT.

5Gis still nascent but we expect 5G-based applications to pick up as the module ASP (average selling price) drops to sub-$100 and more 5G RedCap-based solutions become available in the market. The introduction of5G RedCapand5G eRedCapwill play a crucial role in driving mass adoption of 5G, particularly in developing and underdeveloped countries.”

Commenting on the market outlook,Research Vice PresidentNeil Shahsaid, “The global cellular IoT connections installed base is expected to surpass 6 billion by 2030 with aCAGR of10.8%. The growth will be mainly driven by cellular connectivity adoption across various sectors such as utilities, automotive, industrial, retail and healthcare. Unlike the previous decade, where consumer devices like smartphones and PCs played a significant role in driving cellular connections, this decade will see a shift towards cellular connections being propelled by thedigital transformationinitiatives undertaken by enterprise IoT payers. The widespread adoption of cellular connectivity will also contribute to a further reduction in prices for cellular-connected devices, making them more competitive against alternative non-cellular connectivity technologies like LoRa, Sigfox and Wi-SUN. Over the past year, the cellular IoT industry has witnessed many consolidations, includingTelit’s acquisitionof Thales’ cellular IoT business, Semtech’s acquisition of Sierra Wireless, and Aeris Communications’ acquisition of Ericsson’s IoT accelerator and connected vehicle cloud business. As the cellularIoT module marketcontinues to mature, we can expect moreconsolidationsaimed at providing improved solutions and maintainingcompetitivenessagainst other non-cellular connectivity technologies.”

The comprehensive and in-depth ‘GlobalCellular IoT Connections Tracker, 2022’ report is now available for purchase at报告。www.arena-ruc.com.

Feel free to reach us at press@www.arena-ruc.com for questions regarding our latest research and insights.

Background

Counterpoint Technology Market Research is a global research firm specializing in products in the technology, media and telecom (TMT) industry. It services major technology and financial firms with a mix of monthly reports, customized projects and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

Analyst Contacts

Soumen Mandal

Neil Shah

Mohit Agrawal

Counterpoint Research

press@www.arena-ruc.com

Related Posts

Global Connected Construction Machine Shipments Grew 6.7% YoY in 2022

Onein three construction machines sold in 2022 had embedded connectivity.
The connected construction machinery market is expected to see an annual growth rate of 11% over the next eight years.
The top five players – Caterpillar, XCMG, Sany, Komatsu and Volvo – captured 60% of connected construction machine shipments in 2022.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – April 27, 2023

Global connected construction machine shipments grew 6.7% YoY in 2022 despite a decline in overall construction machine shipments, according to Counterpoint’s latestGlobal Connected Construction Machine Market报告。三分之一的工程机械销售哈d embedded connectivity. The slowdown in China’s construction activity impacted the shipments of Chinese players and overall global shipments. However, due to a 10% YoY increase in the average selling price (ASP) in 2022, construction machine revenues grew 3% YoY to reach$213 billion. The ASP increased due to supply shortages and addition of features likeelectrificationandconnectivity.

Construction machines refer to equipment, machinery and vehicles specially designed for construction tasks such as excavation, loading and unloading, moving materials, material handling and demolition. The construction machinery also includes mining machinery applications like rock drilling, rock cutting, crushing and tunneling. Engineering and construction projects are complex and difficult to manage. Connected machines help measure construction activity, which is regarded as a barometer of economic prosperity for any region.

Commenting on connected construction machine brand dynamics,SeniorResearch AnalystSoumen Mandalsaid, “Construction machinery is a highly concentrated market with the top five players –Caterpillar,XCMG,Sany,KomatsuandVolvo– capturing 60% of connected construction machine shipments in 2022. Smaller players likeLiebherrare aiming to make inroads by providing connectivity in a larger proportion of their SKUs.JCBandHitachicater to the lower end of the market by offering cost-effective solutions and have fewer machines with connectivity. We expect significant growth opportunity for connectivity for these brands in the coming years.”

The demand for connectivity is driven by theft prevention, predictive maintenance, automated operations, distance monitoring,AR/VR-based simulation and usage-based applications like insurance, vehicle financing and rental services. The tracking of machine assets also helps schedule construction operations in a better way and complete projects on time.Orbcomm,Teltonika,Calamp,syniotec,Machinemax,Trackunit,VisionTrack,Tenna,TrimbleandDPL Telematicsare a few among many players embeddingconnectivityin heavy construction machines while offering complimentary services like connectivity and device managementplatforms.

Commenting on the market outlook,Associate DirectorMohit Agrawalsaid, “Global construction machine shipments are likely to remain flat and reach2.33million2030年单位。咕咕叫的ent downtrend is expected to last another two to three years. We expect the market to rebound from 2025 onwards. The scarcity of skilled technicians, laborers and drivers will fuel the growth ofautomated机器。我们预计近75%of construction machines to have embedded connectivity by 2030 as the industry shifts towards electrification and autonomous operations. Further, we expect the connected construction machinery market to see an annual growth rate of11%over the next eight years. Currently, 4G is the leading technology in the connected construction machine market but we expect5Gto be the most preferred technology by the end of the forecast period.”

The comprehensive and in-depth ‘Global Connected Construction Machine Market 2022’ report is now available for purchase at报告。www.arena-ruc.com.

Feel free to reach us at press@www.arena-ruc.com for questions regarding our latest research and insights.

Background

Analyst Contacts

Soumen Mandal

Mohit Agrawal

Counterpoint Research

press@www.arena-ruc.com

Related Reports

Connected Car Sales Grew 12% YoY in 2022 With Volkswagen Group in Lead

Volkswagen Group led in connected car sales, closely followed by Toyota Group.
4G cars captured more than 95% of connected car sales in 2022.
Tesla broke into the top-10 connected car sales rankings for the first time.

New Delhi,London,San Diego, Buenos Aires, Hong Kong, Beijing, Seoul – April 24, 2023

Global connected car sales* grew 12% YoY in 2022 with the share of connected cars in the overall car sales exceeding 50%, according to the latest research from Counterpoint’sSmart Automotive Service. TheUSremained the strongest market for connected cars followed by China andEurope. These three markets accounted for nearly 80% of the total connected car sales globally in 2022. Despite having a relatively small share of connected car sales, Japan experienced the highest growth in connected car penetration.

Commenting on the market dynamics,Research AnalystAbhilash Guptasaid, “The penetration of connectivity in cars improved during 2022 after struggling in 2020 and 2021. In 2022, new facelift versions of older models like the Honda Civic, Toyota Corolla, Ford Escape and Chevrolet Equinox were introduced with upgraded 4G connectivity and new features. Some prominent features include remote lock/unlock, remote engine start/stop, climate control, vehicle status, location tracking, geofencing, emergency assistance, in-cabin music, video streaming, and over-the-air updates. Next-generation vehicles are being introduced with various connected and autonomous features that require high-speed internet access available through 5G. However, as of now, 5G remains a niche, available only in premium cars like the Ford F-150 Lightning, Cadillac LYRIQ, Mercedes-Benz EQS, Audi e-tron GT, BMW iX and GWM Haval HG.”

Gupta added, “With consumers’ focus shifting to connectivity in the car, non-connected car shipments are steadily declining. The top five automotive groups accounted for nearly half of the connected cars sold in 2022. Volkswagen Group led the charts in terms of connected car sales volume, closely followed by Toyota Group. Tesla broke into the top 10 for the first time.”

Commenting on the market outlook,Senior AnalystSoumen Mandalsaid, “The shift towards digitization in cars is increasing at a rapid pace and is visible in the consistent rise of connected car penetration globally. Currently, 4G dominates the connected car market with almost95%share. But as the automotive market is transitioning towards electrification, software-defined vehicles and autonomy, the need for seamless and faster in-vehicle connectivity will be fulfilled through 5G. By2030, more than 90% of connected cars sold will have embedded 5G connectivity. Connected car sales are expected to grow at a CAGR of 13% between 2022 and 2030.”

*Sales here refer to wholesale figures, i.e. deliveries out of factories by respective brands, and consider only passenger cars with embedded connectivity.

The comprehensive and in-depth ‘Global Connected Car Tracker,Q1 2019-Q4 2022’ and ‘Global Connected Car Forecast, 2019-2030F’ are now available for purchase at报告。www.arena-ruc.com.

Feel free to reach us at press@www.arena-ruc.com for questions regarding our latest research and insights.

Background

Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media, and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects, and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

Analyst Contacts

Abhilash Gupta

Soumen Mandal

Peter Richardson

Counterpoint Research

press@www.arena-ruc.com

Related posts

PAX Revenues Cross $1 Billion in 2022; SmartPOS Adoption Supports Growth

The growth was primarily driven by the strong performance of Android-based payment terminals.
PAX’s expertise in Android SmartPOS technology and its MAXSTORE platform offers a centralized and seamless way for merchants to navigate an increasingly complex business.
PAX is expected to maintain its leading position in Android SmartPOS payment solutions.

PAX Global Technology, one of the world’s leading providers of electronicpaymentterminal solutions and related services, posted strong revenue of$1,003 millionin 2022, showing great resilience in a period ofeconomic challengessuch as interest rate hikes and higher inflation. The growth was primarily driven by the strong performance ofAndroid-basedpaymentterminals.Fintechis playing a central role in the advancement ofdigitalandcashlesseconomies by providing greater efficiency, convenience and accessibility to consumers. However, PAX’s software-as-a-service (SaaS) solutions such as theMAXSTOREplatform are enablingpaymentservice providers (PSPs) and acquiring bank (financial institution that processes credit or debitcardtransactions on a merchant’s behalf) to combine core payment services with financial and non-financial applications in a much more flexible and cost-effective way.

Merchants can operatedigitallyand process orders more efficiently with the use of AndroidSmartPOS terminals. These terminals also provide valuable insights into consumer behavior, enable the development of automated marketing campaigns, and help tomanage inventorymore effectively, among other benefits. PAX’s expertise inAndroidSmartPOS technology and its MAXSTORE platform offers a centralized and seamless way formerchantsto navigate an increasingly complex business. The MAXSTORE platform had well over8 millionmanageddevicesby the end of 2022.

Key regional developments

Europe, Middle East and Africa (EMEA)

EMEA region clocked $319 million in revenue in 2022, an increase of5%compared to 2021.
The growth was primarily driven by the large-scale adoption ofAndroid SmartPOSdevices across EMEA, primarily in Europe and the Middle East.
PAX’s partnerships with leading acquiring banks, PSPs and independent sales organisations (ISOs), and tailored solutions for the European market drive its growth across the region. TheUK,ItalyandGermanyhave increasingly become important growth drivers for PAX. Significant gains were made in France, Greece, Scandinavia, Balkans, Poland, Spain and Turkey.
Saudi Arabia’s‘Vision 2030’program for economic reform and the Saudi Arabian Monetary Authority’s (SAMA’s) openness to innovative technology finance across the Gulf Cooperation Council (GCC) and North Africa continues to accelerate the upgrade of legacypoint-of-sale(POS), driving a big growth for PAXAndroidSmartPOS devices.

Latin America and Commonwealth of Independent States (LACIS)

LACIS region posted $385 million in revenue, adecline of 8% YoY.PAXexperienced strong growth in this region in 2021, a major reason for the dip in 2022. However, PAX has a diversified product portfolio and a well-establishedchannel partnernetwork which can help increase its footprint in the region.
Brazil,ChileandArgentinaare the major contributors to the growth in the region with increasing demand for Android SmartPOS solutions in sectors likemultilane, hospitality and parking.

Asia Pacific (APAC)

APAC region recorded steady growth of 5% YoY with $172 million in revenue. PAX has expanded its footprint to more Asian countries.
IndiaandJapancontinued to show positive demand forAndroid-based smart payment terminals, which is expected to propel further growth.
Indonesia, Singapore and Thailand were the major contributors with double-digit revenue growth compared to the previous year. In Indonesia, sales were driven by the government’s ‘Payment System Blueprint 2025’ initiative, which is helping improve the nation’s corepayment infrastructure.
PAXTechnology, established as a Singapore subsidiary in 2021, focuses on local merchants and financial institutions. Singapore government’s ‘Retail Industry Transformation Map 2025’is encouraging retailers to adopt innovative business models, which is expected to drive the demand for smart payment terminals.

United States and Canada (USCA)

USCA region posted a robust revenue of $127 million, up35% YoYdriven by PAX’s partnerships with PSPs and ISOs, and its expertise inAndroidSmartPOS solutions.
PAX Android smart payment terminals offerseamless integrationand diversified payment methods such as mobilewallets,onlineordering, curbside pickup and self-service ordering and checkout, which adds convenience for businesses operating in the retail, supermarket, hospitality and unattended segments.

Key takeaways

PAX is expected to experience greater adoption in the future, thanks to its ongoing investment in the research and development (R&D) of Android payment terminal technology. PAX spent $72 million onR&Din 2022, which was nearly 7% of its total revenue. Its terminals are user-friendly and offer a range of payment options, which makes them attractive to merchants.
However, POS vendors are now focusing oncloud-based software solutionsto earn recurring revenue, increase profitability and offer better solutions to customers.
Along with strong payment solutions, partnerships play a crucial role in the fintech industry. PAX is also determined to strengthen itsinternational salesnetwork and customer relationships across geographies.
Due to ongoing economic challenges like interest rate hikes and high inflation, and geopolitical tensions, PAX is expectingflattishorlower-single-digitrevenue growth in 2023.
With its strong portfolio across different sectors catering to different needs of merchants and businesses in different regions,PAX is expected to maintain its leading position in Android SmartPOS payment solutions.

Global Cellular IoT Module Shipments Jump 14% YoY in 2022 to Reach Highest Ever

Quectel and Qualcomm dominated the cellular IoT module and chipset markets, respectively.
NB-IoT is still popular among technologies but is expected to lose some market share to 4G CAT1.bis in 2023.
5G adoption to get a boost in 2024 if ASP declines to sub-$100 and 5G RedCap-based solutions become available.
China continues to lead IoT module market, followed by North America and Western Europe.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – March 29, 2023

Global cellular IoT module shipments grew 14% YoY in 2022 to register record high annual volume, despite macroeconomic headwinds, according to Counterpoint’s latestGlobal Cellular IoT Module and Chipset Tracker by Application报告。The resumption of smart meter implementation, ongoing retail POS upgrades, intelligentasset trackingand the continued growth in connected cars due to progress in electrification and autonomous capabilities were some of the key drivers for the double-digit percentage growth in demand for IoT modules.

Chinacontinued to lead the global cellular IoT module market in terms of demand, followed byNorth AmericaandWestern Europe. Meanwhile,Indiawas the fastest growing market, followed by Latin America and North America. Although India has a smaller base, it has immense potential.Eastern Europewas the only region that registered a decline due to the prolonged Ukraine-Russia war.

Commenting on the competitive dynamics among cellular IoT module OEMs,Senior Research AnalystSoumen Mandalsaid, “In 2022, Quectel was the top cellular IoT module player inChina, the world’s largest market for these components. Meanwhile, China Mobile and Fibocom captured second and third place, respectively, enjoying their tremendous scale in the domestic market. Outside of China, Quectel remained the leader followed by Telit and Thales which have merged and will commence operations as a new brand,Telit Cinterion,starting Q1 2023.

Quectelincreased its focus in the consolidating automotive (NAD module) segment in 2022 and secured multiple design wins with major automakers. The competition in the NAD module market is intensifying as the industry transitions to 5G connectivity. With every transition of cellular technology, we have seen the market consolidate as it becomes increasingly challenging to serve the automotive segment, which requires heavy customization but garners a lower margin.

China Mobile, the world’s largest CSP and IoT connectivity player, is becoming more vertically integrated by leveraging its massive scale to capture maximum value. It has the potential to break into the top three global cellular IoT module rankings this year. However, the company primarily operates in China and will need to expand into other verticals and markets via a robust partnership model to maintain its momentum.”

Commenting on the IoT cellular connectivity chipset player dynamics,Associate DirectorEthan Qisaid, “Qualcommcontinued to dominate the cellularIoT chipsetmarket in 2022 with nearly 40% shipments share. Qualcomm strengthened its position in the LTE CAT 4 and higher technologies while also maintaining a dominant position in the 5G market. Qualcomm recently launched its latest 4G CAT1.bis chipset, QCX216, to compete head-on with the LTE CAT1.bis leaders UNISOC and Eigencomm.

Qiadded, “In 2022, UNISOCandASRmaintained their second and third positions due to strong adoption of the fast-growing LTE CAT1.bis and CAT 1 based modules, respectively. During the year, two new players from China,EigencommandXinyi Semiconductor,移动物联网芯片vendo闯入了前五位r rankings, filling the gap left by Hisilicon. Eigencomm focuses on NB-IoT and 4G CAT1.bis applications while Xinyi Semiconductor focuses on NB-IoT chipsets, both being low-cost but high-volume segments.”

Commenting on the technology landscape,Mandaladded, “During 2022,NB-IoTremained the most popular LPWA IoT connectivity technology followed by the fast-growing 4G CAT 1 and 4G CAT 4 modules. Together, these contributed to 60% of the total IoT module market. For most of 2022, China was under lockdown due to the resurgence of COVID-19 which drove greater demand for products such as smart door locks, digital thermometers and wearables, mostly powered by NB-IoT.

NB-IoT saw strong adoption in China but has been less popular outside the country. In contrast,4G CAT.1bishas been gaining traction globally and has the potential to be an alternative to several NB-IoT and existing 2G/3G applications such as smart meters. However,5Gsaw slower adoption in IoT than in smartphones last year due to the higher module costs. The key initial 5G applications are PCs, CPEs and some industrial/enterprise applications.

We believe 5G will enter the mainstream market once the module ASP breaks the sub-$100 barrier and receives a further boost from the5G RedCapcommercialization in coming years.”

Commenting on the IoT market outlook for 2023,Associate DirectorMohit Agrawalsaid, “Global cellular IoT module shipments (including NAD modules) are expected to register robust growth of19%YoY in 2023. The growth of IoT module shipments in the high-value industrial segment will be key for the IoT projects that have struggled to move beyond the pilot stage and for companies that are focusing more on ROI in a tough macroeconomic environment. Nevertheless, shipments of IoT modules for thesmart meter,point of sale(POS) and theautomotivemarkets are expected to continue seeing strong growth, which will offset a slowdown in other segments.”

The market has been undergoingconsolidationacross theIoTvalue chain from module players andconnectivitymanagement to IoTplatformplayers. This has highlighted the importance of scale, choosing the right vertical and capturing value by striking the right partnerships or developing the right capabilities. We could see some more exits and mergers in 2023 because IoT, which is very vertical driven, has been seeing volatile growth due to internal or external factors.”

For detailed research, refer to the following reports available for subscribing clients and individuals:

Counterpoint tracks 1,500+ IoT module SKUs on a quarterly basis and provides forecasts on shipments, revenues and ASP performances for 80+ IoT module vendors, 12+ chipset players and 18+ IoT applications across 10 major geographies.

Background

Analyst Contacts

Soumen Mandal

Mohit Agrawal

Anish Khajuria

Counterpoint Research

press@www.arena-ruc.com

Related Posts

Despite China’s Failure to Recover in Q3 2022, Global Cellular IoT Module Market Experiences Growth

China led the global cellular IoT module market in Q3 2022 despite losing volume share. China was followed by North America and Western Europe.
Smart meter, POS, automotive, industrial and router/CPE were the top five applications in terms of volume this quarter.
Automotive, router/CPE, PC, industrial and POS were the top five applications in terms of value this quarter.
The top three technologies in terms of volume were NB-IoT, 4G Cat 1 and 4G Cat 4. They captured more than 60% of the total volume in Q3 2022.
The top three technologies in terms of value were5克,4 g猫4和4 g。他们抓住nearly two-thirds of the total value in Q3 2022.

San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – December 27, 2022

Global cellular IoT module shipments grew by only 2% YoY in Q3 2022, according to the latest research from Counterpoint’sGlobal Cellular IoT Module and Chipset Tracker by Application. China led the market followed by North America and Europe. China’s shipments decreased 8% YoY in this quarter due to a resurgence of COVID-19 cases. However, some of this demand decline was offset by an increase in the residential,smart door lock, patient monitoring, registrar device,smoke detector, drone, smart meter andautomotive应用程序。等其他市场北美,Western Europe, India, Japan, Latin America, and Middle East and Africa witnessed healthy growth.

Commenting on the competitive landscape,Associate DirectorEthan Qisaid, “Quectel is leading the cellular IoT module market, followed by Fibocom, Sunsea AIoT, China Mobile and MeiG. China is dominating this market with all the top fiveIoT modulevendors being from the country. In the past few months, we have seen some consolidation among international players, likeTelittaking overThales’IoT business andSemtechacquiringSierra Wirelessin the IoT module space to remain resilient against Chinese module vendors. With the increasing adoption of IoT technologies in various sectors, many players will consolidate to get bigger value from this fragmented value chain.”

Commenting on the important underlying technology dynamics shaping the entire IoT ecosystem,SeniorResearch AnalystSoumen Mandalsaid, “The IoT module market is undergoing changes as demand for low-end technologies like 2G and 3G declines and shifts towards 4G Cat 1 and 4G Cat 1 bis, where higher-end applications are upgrading from 4G to 5G. In this quarter, the top three technologies in terms of shipments – NB-IoT, 4G Cat 1 and 4G Cat 4 – accounted for over 60% of the total shipments. However, in terms of revenue share, 5G, 4G Cat 4 and 4G Other were the top three technologies and held nearly two-thirds of the total revenue. The lower-end technologies such as NB-IoT, 4G Cat 1 and 4G Cat 1 bis are helping connect a greater number of IoT devices, while higher-end technologies like 4G Cat 4, 4G Other and 5G are adding more value to the IoT ecosystem. This is why the automotive, router/CPE, PC and industrial segments, which rely mostly onhigher-endtechnologies, are generating more revenue.

During this quarter, we saw some 4G Cat 1 and 4G Cat 1 bis-based applications being replaced with NB-IoT. Chinese NB-IoT chipset companiesEignecommandXinyihave improved their partnerships with module players, particularly in the domestic market. Besides, there were few options available for 4G Cat 1 bis chipsets in international markets, with Sequans being the exception. Last week,Qualcommentered the 4G Cat 1 bis market by launching the QCX216 chipset in partnership withQuectel,Cavli WirelessandMoMAGIC. We believe that 4G Cat 1 bis technology will start to gain traction as leading IoT module and chipset players focus on it for use in massive IoTapplications.”

Mandal further added, “Despite slower growth inIoT moduleshipments, IoT module revenue increased by 12% YoY in Q3 2022 due to a higher mix of5Gand 4G Cat 4 modules. The average selling price (ASP) of all types of 4G technologies and LTE-M continued to rise, while the ASP for 2G, 3G, 5G and NB-IoT technologies decreased. It is believed that 2023 will be a breakthrough year for 5G, and the ASP may decrease to below$100, which will help facilitate wider adoption.”

评论Io的应用趋势的关键T space,Associate DirectorMohit Agrawalsaid, “The top 10 applications in the market captured more than 80% of shipments this quarter, with the top five beingsmart meters, POS, automotive, industrial and router/CPE. Smoke detectors saw the fastest growth, followed byresidentialapplications and drones. China was a driving force in the growth of all three of these fast-growing segments, fuelled by a resurgence of COVID-19 cases in the country. Among the top five applications, industrial and router/CPE applications saw a decrease in shipments both on a sequential and yearly basis. However, the industrial segment still presents a large opportunity due to the number of companies embarking on digital transformation projects.”

For detailed research, refer to the following reports available for subscribing clients and individuals:

Counterpoint tracks and forecasts on a quarterly basis 1,500+ IoT module SKUs’ shipments, revenues and ASP performance across 80+ IoT module vendors, 12+ chipset players, 18+ IoT applications and 10 major geographies.

Background

Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry.

Analyst Contacts

Soumen Mandal

Mohit Agrawal

Counterpoint Research

press@www.arena-ruc.com

Related Reports

iTriangle Leads India Telematics Ecosystem; EVs to Drive Telematics Demand

Telematics shipments in India are expected to reach 50 million units in 2030 at a CAGR of 31% from 2021.
Rising demand for EVs, ubiquitous 4G connectivity and favourable policies will act as potential drivers.
According to Counterpoint’s CORE evaluation, iTriangle leads the overall rankings for India’s telematics ecosystem, followed by Teltonika and Bosch.

New Delhi,London,San Diego, Buenos Aires, Hong Kong, Beijing, Seoul – November 25, 2022

India is the world’s second-largest automotive and mobility market in terms of production volume. It offers significant opportunities forconnected telematicsdue to its sheer scale as well as the growing design and manufacturing ecosystem. Telematics penetration in 2021 was just 2% of the total number of vehicles on the road. According toCounterpoint’sIndia Telematics Ecosystem Analysis, telematics shipments are expected to reach 50 million units in 2030 with a CAGR of 31% from 2021. Currently, iTriangle leads the overall rankings for India’s telematics ecosystem in Counterpoint’s CORE evaluation.

Commenting on the market dynamics,Senior Research Analyst Soumen Mandalsaid, “Presently, India’s telematics market is at a nascent stage but there is a steady demand for telematics devices. High import dependency, lack of advanced technology adoption, and infrastructure challenges have all been inhibitors. However, the rising demand forelectric vehicles, ubiquitous4Gconnectivity, favourable governmentpolicies, and schemes related to design and manufacturing, such asPLIandMake in India, will act as potential drivers for the demand for connected telematics devices for different mobility applications.”

To understand the future trajectory of India’s telematics space, Counterpoint Research analysts evaluated the top 15 players using the proprietaryCOREanalysis technique.

iTriangleleads the overall rankings for India’s telematics ecosystem, followed byTeltonikaandBosch. With the growing market demand, domestic players such asBlackbox,Rosmerta,Nippon,AccoladeandVoltyare expected to give strong competition to top players in the coming times.

iTriangle’s expertise in different aspects of manufacturing and ecosystem creation has pushed the company to initiate business in Thailand and other Southeast Asian markets. iTriangle is one of the few Indian companies to cross international borders in the telematics space.

Detailed insights into the Indian telematics market opportunity, devices, policies, use cases and recommendations are all captured in a comprehensive white paper published on our portal.

Feel free to reach us at press@www.arena-ruc.com for questions regarding our latest research and insights.