The number of cellular IoT connections has resumed its rapid growth trend.

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The cellular IoT connectivity market economy continues to grow steadily. As of 2021H,lte m2 according to IoT Analytics data analysis, the number of connected system devices using cellular network technology grew 18% year-over-year to 2 billion worldwide, with the three largest operators accounting for nearly three-quarters of the market value share. Telecommunications grew 42 percent year-over-year, increasing its market share by more than one pct, and Vodafone continued to grow beyond its leading role in global capital markets with a 6 percent competitive share of global financial markets.

The number of domestic cellular IoT connections has resumed its rapid growth trend. In 2020, the global cellular module market was hit hard by the new crown pneumonia outbreak, with global revenue down 8% year-over-year to $300 million and cellular module shipments up 14% year-over-year. Production and work resumed quickly through effective outbreak control measures and was less affected by the outbreak. As of the end of October 202, the number of cellular connections of the three major domestic operators reached 1.385 billion, an increase of 250 million from the end of 2020. In 2020, the net increase was only 108 million. After experiencing a slowdown in 2020, the number of domestic cellular IoT connections resumed its rapid growth trend in 202.

Downstream applications are blossoming at multiple points to promote the IoT

Telematics: New opportunities for in-vehicle network communication system modules

The development of IoT refers to the network that does not manage information exchange between "human-vehicle-road-cloud" according to its own certain communication service protocol and data interaction design standard. 5G technology is rapidly promoted to bring the application of IoT system to the ground and popularization, and IoT company as a high-speed field of IoT economy related industries As the field with the highest maturity and the largest number of connected users, the IoT engineering industry can quickly and effectively penetrate, and the industry production scale as well as continuously improve the expansion. According to the data analysis published by ICV Tank, in 2019, the global V2X market demand scale reaches $90 billion, and it is expected that by 202, the global V2X market transaction scale is expected to achieve a breakthrough of $165 billion. The operation scale of China's connected car finance market is expected to reach 800 billion yuan in 2026, and the average compound growth rate will reach 30.36% from 2021 to 2026

Automotive wireless communication module is installed in the car for data transmission and collection, and is the hardware for connecting the Internet and the Internet at the bottom of the car. Through wireless, it realizes direct communication and information exchange between vehicle and cloud, vehicle and vehicle, vehicle and road, and vehicle and people (mobile terminal). The in-vehicle T-Box is usually front-mounted to provide a remote communication interface. In addition, in-vehicle diagnostics, smart mirrors, driving recorders, central control panels and other products will also be equipped with communication modules.

Compared with general-purpose modules, automotive modules have higher technical and R&D barriers. Automobiles are involved in traffic safety and therefore have special requirements for modules such as hardware specifications and quality of core equipment. If modules are used in vehicle front-loading, they must first reach vehicle regulation level and strictly follow the product quality process of vehicle regulation level, such as ppap, 8d, dfmea, pfmea, etc. to ensure high reliability, anti-static and anti-electromagnetic interference functions. From R&D to mass production, as well as before and after the factory must undergo extensive reliability testing before application.

Downstream new energy vehicles are growing rapidly. In January 2020, the State Council issued the "New Energy Vehicle Industry Development Plan (2021-2035)", proposing that the penetration rate of new energy vehicles should reach about 20% by 2025. As of October 202, the penetration rate of new energy vehicles was 12.12%. Assuming an annual sales volume of 25 million units, the sales of new energy vehicles will reach 5 million units in 2025. Considering the green development, countries are increasing the penetration rate of new energy vehicles. Norway proposes that by 2025, 100% of new car sales will be electrified, and the UK proposes that by 2030, electric passenger car sales will reach more than 50%.


Related Hot Topic

Whether Verizon offers LTE-M.

Move your IoT business forward with LTE-M and NB-IoT technologies. LTE for Category M1 & Narrow Band Technologies.

LTE is 3G, 4G, or 5G.

MIMO (Multiple Input Multiple Output) and OFDM are the two main technologies that have made 4G viable (Orthogonal Frequency Division Multiplexing). The two most significant 4G technologies are LTE and WiMAX. While being a significant upgrade over 3G speeds, 4G LTE is not truly 4G.

Is LTE compatible with WiFi?

Sure, thanks to another widely utilized connectivity technique called wireless broadband. Without a connected connection, users may now access entertainment and information thanks to LTE technology.

Does Verizon offer LTE-M service?

Over 98% of Americans are covered by Verizon's 4G LTE network, and new technologies like LTE-M and NB-IoT are extending coverage even further to subterranean and rural areas.

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