Global IoT Communication Module Market 2025 by Company, Regions, Type and Application, Forecast to 2031

Global IoT Communication Module Market 2025 by Company, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global IoT Communication Module market size was valued at US$ 5880 million in 2024 and is forecast to a readjusted size of USD 12650 million by 2031 with a CAGR of 11.4% during review period.

The IoT Communication Module market covers Cellular Communication Module, Non-cellular Communication Module, etc. The typical players include Quectel, Sunsea Group, Sierra Wireless, Telit, etc.

IoT communication modules are key components for achieving network communication between IoT devices. With the continuous expansion of application scenarios such as smart manufacturing, smart cities, and smart homes, the demand for IoT modules will continue to grow. In particular, the widespread application of 5G technology has driven the IoT module industry to usher in a new wave of technological iteration.

The IoT module market is highly competitive, and major manufacturers include Quectel Communications, Fibocom, Neoway Technology, and Gosuncn. These manufacturers have occupied a certain share in the market and have stood out from the competition with their respective technological advantages, product performance, and market strategies. At present, there are two main business strategies in the IoT module industry. One is to win by breadth, by providing standardized low-priced modules to seize market share; the other is to win by specialization, by building a moat through technical or channel advantages in certain segments. These two strategies have their own advantages and disadvantages, and manufacturers need to choose appropriate market strategies based on their actual conditions.

According to types, the most proportion of the IoT communication module is cellular communication module, taking about 82%. The most proportion of Global IoT Communication Module is used for city Service IoT and the proportion is about 49% .

Market driving factors

Technological progress: With the rapid development and commercialization of new generation communication technologies such as 5G and 6G, the IoT module industry will usher in a new wave of technological iteration. The application of these new technologies will improve the performance of IoT modules, reduce power consumption and costs, and promote the rapid development of the market.

Policy support: Governments of various countries are actively promoting the development of the Internet of Things industry and have issued a series of relevant policies and plans. The implementation of these policies will provide strong support for the Internet of Things module market.

Market demand: With the continuous expansion of Internet of Things application scenarios and the expansion of market scale, the market demand for Internet of Things modules will continue to grow. Especially in the fields of smart manufacturing, smart cities, smart homes, etc., the application prospects of Internet of Things modules are broad.

This report is a detailed and comprehensive analysis for global IoT Communication Module market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global IoT Communication Module market size and forecasts, in consumption value ($ Million), 2020-2031

Global IoT Communication Module market size and forecasts by region and country, in consumption value ($ Million), 2020-2031

Global IoT Communication Module market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031

Global IoT Communication Module market shares of main players, in revenue ($ Million), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for IoT Communication Module

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global IoT Communication Module market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Quectel, Sunsea Group, Sierra Wireless, Telit, Gemalto, Fibocom, U-Blox, Neoway Technology, Gosuncn, Huawei, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

IoT Communication Module market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Cellular Communication Module
Non-cellular Communication Module

Market segment by Application
City Service IoT
Consumer IoT
Industrial Internet of Things
Others

Market segment by players, this report covers
Quectel
Sunsea Group
Sierra Wireless
Telit
Gemalto
Fibocom
U-Blox
Neoway Technology
Gosuncn
Huawei
LG Innotek
Nanjing Zhongxing IoT Technology

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe IoT Communication Module product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of IoT Communication Module, with revenue, gross margin, and global market share of IoT Communication Module from 2020 to 2025.

Chapter 3, the IoT Communication Module competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and IoT Communication Module market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of IoT Communication Module.

Chapter 13, to describe IoT Communication Module research findings and conclusion.