Mobile M2M Module Market Size, Share & Trends Analysis Report By Product (3g, 4g, LTE), By Applications (IoT, Cell Phone, Communication), By End Use, By Region, and Segment Forecasts - 2035

Mobile M2M Module Market Overview

The mobile m2m module market size is expected to grow from USD 10014.05 million in 2025 to USD 10557.81 million in 2026 and is forecast to reach USD 12372.76 million by 2035 at 5.43% CAGR over 2026-2035.

The Mobile M2M Module Market is entering a replacement-led growth phase as enterprises migrate connected equipment away from aging 3g infrastructure toward 4g and LTE connectivity designed for longer service life, lower power consumption and broader geographic coverage. Global cellular IoT connections reached approximately 4.5 billion at the end of 2025, while about 2.6 billion connections were already using broadband and critical IoT technologies based primarily on 4g and newer cellular standards. LTE-focused module adoption is accelerating because industrial equipment, smart meters, vehicle telematics, payment terminals and tracking systems may remain deployed for 5-15 years and therefore require connectivity that can survive multiple network transitions. By the end of 2025, approximately 80 mobile operators had completely closed their 3g networks, creating a substantial migration cycle for legacy M2M installations. Within the supplied technology structure, LTE is estimated to account for approximately 48-52% of module demand, 4g for around 35-39%, and 3g for approximately 10-14% as operators continue spectrum refarming.

The United States is one of the most developed Mobile M2M Module markets because national mobile networks have largely transitioned beyond 3g and support widespread LTE-based IoT services. Major U.S. operators have deployed LTE-M and NB-IoT capabilities, while module manufacturers increasingly certify products across multiple domestic networks to simplify nationwide installations. Telit Cinterion's ME310M1-W1, for example, received certification from 2 major U.S. mobile network operators in January 2025, supporting immediate deployment of low-power LTE-connected equipment. LTE-M can provide approximately 375-1,000 kbit/s while supporting full mobility, power-saving functions and extended coverage, making it suitable for tracking, monitoring and connected-health applications. North America is estimated to represent approximately 24-27% of global Mobile M2M Module demand, with IoT accounting for the largest application share as utilities, logistics operators, industrial companies and connected-device manufacturers transition millions of endpoints toward LTE connectivity.

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Key Findings

• Leading Product Type: LTE is expected to lead with approximately 50% market share as industrial users replace legacy 3g modules with lower-power, globally deployable cellular connectivity supporting longer device lifecycles.
• Leading Application: IoT is projected to account for approximately 61% of demand as smart metering, asset tracking, industrial monitoring and connected infrastructure expand the installed base of cellular M2M endpoints.
• Leading Region: Asia-Pacific is expected to hold approximately 44% market share because North East Asia alone accounted for about 70% of worldwide cellular IoT connections at the end of 2025.
• Fastest Growing Region: Middle East & Africa is projected to expand at approximately 8% annually as utilities, logistics providers and infrastructure operators increase cellular connectivity across newly digitized assets.
• Technology Trend: LTE Cat 1 bis is gaining momentum, with the technology projected to represent approximately 43.6% of non-handset cellular devices by 2029 as 2g and 3g migration accelerates.
• Market Driver: Cellular IoT expansion remains the primary demand catalyst, with approximately 4.5 billion connections active globally in 2025 and the total expected to approach 7.8 billion by 2031.
• Competitive Landscape: Module suppliers are emphasizing compact global designs, with new LTE Cat 1 bis modules measuring approximately 15 x 18 millimeters while supporting worldwide deployment and optional positioning capabilities.
• Future Outlook: LTE-based M2M connectivity will remain strategically important even as newer standards expand, with more than 1 billion active LTE-M and NB-IoT connections already deployed globally by 2025.

Latest Trends

The strongest market trend is migration from legacy 3g toward LTE Cat 1, Cat 1 bis, LTE-M and related 4g technologies. At the end of 2025, 80 service providers had completed 3g shutdowns, compared with 46 that had completely switched off 2g, showing that 3g migration has become particularly urgent. LTE Cat 1 bis is gaining momentum because it preserves useful broadband performance while using a simplified single-antenna architecture that can reduce module complexity. Current Cat 1 bis modules commonly support approximately 10 Mbps downlink and 5 Mbps uplink, sufficient for payment terminals, commercial telematics, asset tracking, security, remote monitoring and many industrial IoT applications. One industry projection indicates that Cat 1 bis could account for approximately 43.6% of non-handset cellular devices by 2029. This transition is creating a multi-year replacement opportunity because legacy equipment often requires redesigned hardware, new certifications and updated SIM provisioning before migration can be completed.

A second major trend is the integration of connectivity management, positioning and embedded security directly into cellular modules. Modern LTE modules increasingly combine GNSS, Wi-Fi scanning, eSIM or eUICC functionality and firmware-over-the-air support within packages smaller than 20 millimeters on each side. Telit Cinterion's LE310 series measures approximately 15 x 18 millimeters, while Quectel's EG810M measures about 17.7 x 15.8 x 1.7 millimeters and supports data rates up to 10 Mbps downlink and 5 Mbps uplink. U-blox has also integrated multi-network connectivity management through embedded SIM technology in Cat 1 bis products, allowing a device to change networks without physical SIM replacement. These capabilities are important because M2M endpoints may remain installed for 10 years or more, making remote software maintenance and network-profile management increasingly important to overall lifecycle economics.

Market Dynamics

Driver

""Rapid cellular IoT expansion is increasing the number of connected machines requiring embedded modules.""

The primary market driver is sustained growth in cellular IoT connections across industrial, commercial and infrastructure applications. Worldwide cellular IoT connections reached approximately 4.5 billion at the end of 2025 and are projected to approach 7.8 billion by 2031, representing approximately 10% annual growth over that period. Broadband and critical IoT technologies already account for around 2.6 billion connections, demonstrating the importance of 4g and LTE connectivity for applications requiring greater throughput and mobility than basic low-power devices. Every new connected meter, tracker, industrial controller, gateway or telematics device can require a dedicated module, making connection growth directly relevant to module shipments. IoT is therefore estimated to represent approximately 59-63% of current application demand within the supplied market structure.

Network modernization provides an additional demand catalyst because many existing M2M installations were originally designed around 3g. Approximately 80 operators had completely shut down 3g networks by the end of 2025, requiring enterprises to migrate devices that may have been installed 5-10 years earlier. LTE-M and NB-IoT have also reached approximately 1 billion active connections worldwide, demonstrating that low-power cellular standards are no longer niche technologies. The global commercial Mobile IoT ecosystem included approximately 129 LTE-M networks and 140 NB-IoT networks by November 2025, providing 269 commercial network deployments in total. This coverage enables module manufacturers to design increasingly global products rather than producing separate hardware for every national operator.

Restraint

""Long certification cycles and fragmented frequency requirements continue to increase deployment complexity.""

One of the largest restraints is the certification burden associated with cellular M2M products. A module may support more than 15 frequency bands, but device manufacturers can still require regulatory approval, operator certification and product-level testing before commercial deployment. Telit Cinterion's TX62, for example, supports LTE bands including 1, 2, 3, 4, 5, 8, 12, 13, 18, 19, 20, 25, 26, 27, 28, 66, 71 and 85 in one configuration, demonstrating the complexity of global radio compatibility. Product developers must also consider antenna design, electromagnetic compliance, SIM provisioning and network acceptance. For low-volume M2M products, certification expenditure can represent a significant portion of total project cost and extend launch timelines by several months.

Another restraint is the exceptionally long lifecycle of existing M2M equipment. Industrial machines, utility meters and infrastructure devices frequently remain operational for 10 years or longer, making organizations reluctant to replace hardware before the economic end of life. Although 3g decline creates migration demand, it can also create substantial costs when thousands of field devices require physical service visits. Modern LTE modules attempt to reduce this problem through footprint compatibility, allowing newer products to replace earlier generations without complete circuit-board redesign. However, even compatible designs may require firmware changes and operator recertification. The market therefore experiences slower replacement cycles than Cell Phone electronics, where hardware is commonly replaced every 2-4 years.

Opportunity

""Legacy network migration creates a large installed-base replacement opportunity for LTE modules.""

The largest immediate opportunity comes from replacing 3g modules in industrial devices that still have several years of useful operating life. The number of operators completing 3g shutdowns reached approximately 80 by the end of 2025, and additional closures are expected as spectrum is redirected toward 4g and newer services. Cat 1 bis is particularly well positioned because it provides approximately 10 Mbps downlink and 5 Mbps uplink without the dual receive antenna normally associated with higher LTE categories. Module footprints are also shrinking, with Quectel offering designs near 17.7 x 15.8 millimeters and Telit offering Cat 1 bis products around 15 x 18 millimeters. Compact form factors make the technology suitable for trackers, payment systems, portable medical equipment and small industrial terminals.

Remote provisioning represents another major opportunity because international IoT deployments increasingly require connectivity across multiple operators. Embedded eSIM and eUICC functionality can allow one device design to support several network profiles without replacing physical SIM cards. U-Blox introduced a Cat 1 bis module with embedded multi-network SIM functionality in November 2024, enabling devices to switch connectivity according to coverage or commercial requirements. Telit Cinterion's ME310M1-W1 similarly incorporates flexible embedded connectivity options and broad global band support. This capability is increasingly valuable for logistics and asset-tracking deployments spanning more than 10 countries because a single hardware SKU can reduce inventory complexity and simplify lifecycle management.

Challenge

""Technology transition forces suppliers to support legacy networks while preparing devices for longer-term connectivity.""

The central strategic challenge is balancing short-term demand for mature 4g and LTE modules against continuing network evolution. Cellular modules may remain installed for 10-15 years, yet network technologies can change substantially over the same period. LTE Cat 1, Cat 1 bis, LTE-M and NB-IoT remain critical to current IoT deployments, while newer reduced-capability technologies are gradually appearing. By 2026, 14 service providers had commercially launched newer reduced-capability cellular services and 42 operators in 27 countries were investing in them. Module suppliers must therefore ensure that current LTE products deliver sufficient longevity while designing migration strategies that prevent another disruptive replacement cycle.

Security creates a second challenge because M2M endpoints are increasingly connected to critical infrastructure and may remain unattended for years. A compromised module in a deployment containing 100,000 devices can create significantly greater operational risk than a single consumer handset. Suppliers are responding with secure identities, embedded key stores and firmware-over-the-air functionality. Some modern LTE modules include immutable device identities created during manufacturing, while others support embedded SIM provisioning and secure cloud enrollment. These capabilities add complexity to firmware, supply chains and device management but are increasingly necessary as IoT deployments expand from basic telemetry to energy infrastructure, healthcare, transport and industrial automation.

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Segmentation Analysis

By Types

3g: 3g is estimated to account for approximately 10-14% of the Mobile M2M Module Market and continues to decline as operators retire older infrastructure. By the end of 2025, approximately 80 service providers worldwide had completely closed their 3g networks, substantially reducing the addressable geography for new installations. Existing 3g modules remain in industrial controls, telemetry systems, vending equipment and older vehicle telematics where replacement can be expensive. New projects increasingly avoid 3g because equipment may need to remain operational for 5-15 years. The remaining demand is therefore concentrated in legacy maintenance, regions where shutdown schedules are later and specialized applications that have not yet completed LTE migration.

4g: 4g is estimated to represent approximately 35-39% of market demand and remains important for applications requiring higher throughput than low-power M2M technologies can provide. Commercial 4g module families commonly span LTE categories from Cat 1 through Cat 18 and are used in telematics, payment terminals, security, railway communications, gateways and industrial equipment. Higher-category modules can support applications where continuous data transfer is necessary, while lower categories reduce cost and power consumption. Within the supplied market structure, 4g retains a strong position because many Communication devices require broadband connectivity rather than the limited bandwidth associated with low-power modules.

LTE: LTE is estimated to hold approximately 48-52% market share and represents the leading technology group as M2M systems migrate away from 3g. LTE Cat 1 bis modules commonly provide approximately 10 Mbps downlink and 5 Mbps uplink, while LTE-M typically supports approximately 375-1,000 kbit/s and lower power consumption. This range enables LTE to cover asset tracking, smart metering, telematics, payment, remote monitoring and Wearable-style connected devices through multiple performance tiers. Commercial LPWA deployment has reached approximately 129 LTE-M networks globally, while combined LTE-M and NB-IoT connections surpassed 1 billion by the end of 2025. These indicators support LTE's leadership through the forecast period.

By Applications

IoT: IoT is estimated to account for approximately 59-63% of application demand and represents the dominant segment because cellular connectivity is spreading across meters, vehicles, industrial machines, medical devices, security systems and trackers. Global cellular IoT connections reached about 4.5 billion at the end of 2025 and are expected to approach 7.8 billion by 2031. Low-power IoT alone exceeded 1 billion active LTE-M and NB-IoT connections, illustrating the enormous installed base requiring embedded cellular hardware. Module suppliers increasingly design products for 10-year battery operation, global roaming and remote firmware maintenance because IoT endpoints frequently remain in service much longer than consumer electronics.

Cell Phone: Cell Phone applications are estimated to represent approximately 12-16% of the supplied application structure. Dedicated M2M modules are less central to smartphones than integrated modem solutions, but specialized handsets, industrial mobile terminals and connected communication equipment continue to require modular cellular designs. LTE modules offering approximately 10 Mbps downlink and 5 Mbps uplink can support voice-capable and data-oriented terminals without the complexity of high-end smartphone modem platforms. Demand is increasingly concentrated in rugged and professional equipment where product lifecycles can exceed 5 years, compared with approximately 2-4 years for mainstream consumer smartphones.

Communication: Communication accounts for an estimated 23-27% of market demand and includes gateways, routers, terminals, network equipment and other devices that require persistent cellular connectivity. Industrial Communication products may require 4g modules with Cat 4, Cat 6 or higher performance when transferring video, control information or large datasets. Module suppliers offer standardized Mini PCIe, M.2 and compact LGA form factors to simplify hardware integration. Current product families can span more than 10 LTE category choices, allowing designers to match bandwidth, antenna count and power consumption to deployment requirements. Communication applications are expected to remain a stable source of 4g demand even as lower-power LTE dominates massive IoT installations.

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Regional Outlook

North America

North America is estimated to account for approximately 24-27% of Mobile M2M Module demand, supported by mature LTE infrastructure, nationwide IoT services and extensive industrial connectivity. The United States has largely transitioned away from 3g, making LTE the standard choice for new deployments. Multiple national operators support LTE-M and NB-IoT, while Canada also has commercial LTE-M and NB-IoT availability. The region's large installed base of vehicle telematics, security systems, payment terminals and utility equipment creates recurring module replacement demand. LTE-M provides data rates up to approximately 1 Mbps while maintaining mobility and low-power operation, making it well suited to many North American applications.

Certification remains especially important in the region because M2M devices frequently require approval from individual operators before volume deployment. Telit Cinterion's ME310M1-W1 received certification from 2 major U.S. operators in January 2025, demonstrating the commercial importance of multi-network approval. North American customers increasingly prefer global or regional modules that combine LTE connectivity with eSIM, positioning and remote firmware support. IoT is estimated to represent more than 60% of regional module installations, while Communication applications remain important across industrial routers, emergency services and transportation systems.

Europe

Europe is estimated to represent approximately 20-23% of global Mobile M2M Module demand. The region is undergoing one of the most significant 3g migration cycles because operators across multiple countries have retired or scheduled closure of legacy networks while some 2g services remain active for older M2M equipment. Commercial LTE-M and NB-IoT networks are available across Germany, France, Spain, Italy, the Netherlands, Scandinavia and several Eastern European countries. A single multinational operator can support Mobile IoT services across more than 10 European markets, creating opportunities for modules that use unified hardware and remotely provisioned connectivity.

Smart metering, connected transportation and industrial automation are major European demand sources. Cellular low-power technologies can extend battery life toward approximately 10 years when applications use power-saving functions and transmit only small quantities of data. This characteristic is attractive to utility deployments containing hundreds of thousands or millions of meters. Europe also benefits from supplied companies including Telit Wireless Solutions and Gemalto's legacy cellular connectivity operations, providing an established engineering ecosystem. LTE is expected to gain regional share throughout 2026-2035 as 3g installations are systematically replaced.

Asia-Pacific

Asia-Pacific represents the largest market and is estimated to account for approximately 42-46% of global Mobile M2M Module activity. North East Asia alone represented around 70% of worldwide cellular IoT connections by the end of 2025, showing the enormous scale of connected-device deployment in China, Japan, South Korea and surrounding markets. China is particularly important because it combines large mobile networks with domestic module manufacturing. Quectel maintains an extensive LTE Cat 1 bis portfolio with at least 14 product families or variants visible across its current product selection, supporting deployments ranging from asset tracking to payments and industrial monitoring.

Japan, South Korea, Australia and Southeast Asia provide additional growth through smart utilities, logistics, industrial automation and transportation. Commercial LTE-M and NB-IoT networks are available across numerous countries, including Japan, South Korea, Australia, Singapore, Thailand, Indonesia and Sri Lanka. The region also benefits from exceptionally large electronics manufacturing supply chains, allowing module designs to move into high-volume production quickly. LTE Cat 1 bis is expected to remain an important transition technology because its approximately 10 Mbps downlink and 5 Mbps uplink performance addresses many IoT applications at lower complexity than higher-category 4g modules.

Latin America

Latin America is estimated to account for approximately 6-8% of market demand, with Brazil, Mexico, Colombia and Argentina providing the largest opportunities. Commercial Mobile IoT services have expanded through LTE-M and NB-IoT, while asset tracking, fleet management and payment terminals remain major use cases. The region's extensive transportation networks create demand for modules supporting mobility and cross-border operation. LTE Cat 1 bis is particularly relevant because approximately 10 Mbps downlink and 5 Mbps uplink can support telematics and payment applications without requiring the complexity of higher-speed modules.

Migration from legacy connectivity will create additional demand through 2035 as operators reuse spectrum for modern cellular services. Many Latin American enterprises manage devices across 3 or more countries, increasing interest in single-SKU modules and embedded connectivity. Quectel's compact Cat 1 bis designs include Latin American variants, while u-blox and Telit have developed global module families aimed at reducing hardware redesign between regions. Market expansion will depend on network coverage outside major cities, but IoT adoption in utilities, logistics and agriculture is expected to sustain growth above traditional industrial equipment replacement rates.

Middle East & Africa

The Middle East & Africa currently represents approximately 4-6% of global Mobile M2M Module demand but is projected to record the fastest regional expansion at around 7-9% annually. Gulf countries are increasing cellular connectivity across smart meters, logistics, energy assets and urban infrastructure, while African operators are expanding NB-IoT and LTE coverage in major markets. Commercial Mobile IoT deployments are already available in South Africa and several Middle Eastern countries, giving equipment manufacturers a more standardized foundation for connected-device deployments.

Low-power modules are particularly attractive because remote infrastructure may need to operate for 5-10 years without frequent battery replacement. Modern LTE-M and NB-IoT modules can support approximately 10-year battery targets when power-saving modes are used effectively, while lower-frequency spectrum can improve penetration into meters and underground installations. Telit Cinterion offers LTE modules supporting 410 and 450 MHz bands for specialized wide-area and utility applications. As digital infrastructure investment expands through 2035, the region is expected to shift rapidly from legacy 3g toward LTE-oriented IoT equipment.

List of Top Mobile M2M Module Companies

• Encore Networks (U.S.)
• Gemalto (Netherlands)
• Sierra Wireless (Canada)
• Telit Wireless Solutions (U.K.)
• Quectel (China)
• U-Blox (Switzerland)

Top 2 Companies Market Share

Quectel: Quectel is estimated to represent approximately 30-34% of competitive module activity within the supplied company group, supported by an extensive portfolio covering compact LTE Cat 1 bis and broader cellular connectivity. Its current Cat 1 bis product selection contains approximately 14 listed product families or configurations, with several designs measuring about 17.7 x 15.8 millimeters. Typical products provide up to 10 Mbps downlink and 5 Mbps uplink while supporting features such as GNSS, Wi-Fi scanning and firmware-over-the-air updates. The company's large portfolio enables customers to select regional, global and application-specific modules without moving outside a common supplier ecosystem.

Telit Wireless Solutions: Telit Wireless Solutions is estimated to account for approximately 22-26% of competitive activity within the supplied company group, supported by more than 30 years of cellular IoT experience and a broad portfolio spanning LTE Cat 1, Cat 1 bis and low-power connectivity. The LE310 Cat 1 bis series introduced in March 2025 uses an approximately 15 x 18 millimeter form factor, while the company's low-power product families include modules smaller than 170 square millimeters. Telit's strategy emphasizes global certification, interchangeable footprints, integrated positioning and remote connectivity management, which can reduce redesign requirements for customers deploying equipment across multiple regions.

Investment Analysis

Investment in the Mobile M2M Module Market is increasingly directed toward LTE migration, compact module architectures, embedded SIM functionality and lifecycle-management software. Approximately 4.5 billion cellular IoT connections were active globally by the end of 2025, while the total is projected to reach around 7.8 billion by 2031. This expanding installed base creates demand not only for hardware but also for firmware management, network selection and security services throughout device lifecycles that can exceed 10 years. Module manufacturers are therefore investing in common footprints that allow customers to migrate between connectivity generations with fewer PCB changes. Products measuring less than 20 x 20 millimeters are becoming increasingly common, especially for trackers, wearables and compact monitoring equipment.

Network sunset programs create another major investment opportunity because approximately 80 operators had already closed 3g by the end of 2025. Replacing legacy field hardware requires new modules, integration engineering and certification, generating demand across both new projects and retrofit programs. Investors are particularly focused on LTE Cat 1 bis because it combines approximately 10 Mbps downlink performance with simplified single-antenna hardware and broad global LTE coverage. The technology has been projected to represent approximately 43.6% of non-handset cellular devices by 2029. Companies able to combine hardware, embedded connectivity and remote device management should capture greater lifecycle value than suppliers selling standalone modules alone.

New Product Development

New product development is focused on reducing module size while increasing global compatibility and remote-management capability. Telit Cinterion introduced the LE310 LTE Cat 1 bis series in March 2025 with an approximately 15 x 18 millimeter form factor, targeting asset tracking, telematics, wearables and portable connected equipment. Quectel's EG810M series measures approximately 17.7 x 15.8 x 1.7 millimeters and provides up to 10 Mbps downlink and 5 Mbps uplink. Such products increasingly combine LTE connectivity with optional GNSS, Wi-Fi scanning and firmware-over-the-air features. The design objective is no longer simply to provide a cellular modem; manufacturers are creating integrated connectivity platforms that reduce the number of separate components required within an IoT endpoint.

Embedded connectivity is another important development direction. U-Blox introduced the SARA-R10001DE LTE Cat 1 bis module in November 2024 with an embedded SIM supporting multi-network connectivity and eUICC functionality, enabling remote network-profile management. Telit Cinterion's ME310M1-W1 also incorporates embedded connectivity options and received certification from 2 major U.S. operators in January 2025. Low-power designs continue to improve as well, with LTE-M and NB-IoT modules using power-saving and extended discontinuous reception features to target device lifetimes approaching 10 years. Through 2035, module development is expected to emphasize global SKU reduction, remote provisioning, embedded security and seamless migration between mature LTE networks and their long-term successors.

Five Recent Developments

• March 2025: Telit Wireless Solutions introduced the LE310 LTE Cat 1 bis module series in an approximately 15 x 18 millimeter form factor, targeting telematics, tracking, wearables and compact IoT equipment requiring simplified LTE connectivity.
• January 2025: Telit Wireless Solutions secured certification from 2 major U.S. mobile operators for its ME310M1-W1 module, strengthening deployment options for LTE-connected IoT products across American and international networks.
• November 2024: U-Blox launched the SARA-R10001DE LTE Cat 1 bis module with embedded multi-network SIM and eUICC functionality, enabling devices to switch connectivity profiles according to network coverage and operational requirements.
• June 2024: U-Blox expanded its LTE Cat 1 bis portfolio with global LEXI-R10 and SARA-R10 configurations, supporting migration from older 2g and 3g products while addressing a technology projected to reach 43.6% of non-handset cellular devices by 2029.
• February 2024: Sierra Wireless-related cellular operations expanded rugged connected infrastructure with a compact next-generation router supporting 5 Gbps Ethernet and Wi-Fi 6, highlighting continuing investment in industrial Communication systems alongside established LTE M2M deployments.

Report Coverage

The Mobile M2M Module Market report covers the 2026-2035 forecast period using 2025 as the base year and evaluates the supplied Product Types of 3g, 4g and LTE. LTE is estimated to represent approximately 48-52% of current market demand, 4g approximately 35-39% and 3g approximately 10-14%. Application coverage includes IoT, Cell Phone and Communication, with indicative market shares of approximately 59-63%, 12-16% and 23-27%, respectively. The analysis evaluates cellular IoT expansion, 3g network shutdowns, LTE Cat 1 bis adoption, low-power connectivity, module miniaturization, eSIM, remote firmware management, device certification and long-life industrial deployments.

Regional coverage includes North America, Europe, Asia-Pacific, Latin America and Middle East & Africa, with Asia-Pacific estimated to account for approximately 42-46% of current demand and North East Asia representing around 70% of global cellular IoT connections at the end of 2025. Competitive coverage incorporates all 6 supplied companies: Encore Networks, Gemalto, Sierra Wireless, Telit Wireless Solutions, Quectel and U-Blox. Current market indicators include approximately 4.5 billion cellular IoT connections, 1 billion active LTE-M and NB-IoT connections, 269 commercial Mobile IoT networks and 80 completed 3g network shutdowns by the end of 2025. The report also examines the transition from legacy M2M connectivity toward compact, secure and remotely managed LTE modules through 2035.