LTE IoT Market Size to Grow by USD 12085.2 billion, Growth in Industrial Automation to Boost Market Growth -Technavio

NEW YORK , Sept. 26, 2022 /PRNewswire/ -- The "LTE IoT Market by Technology (NB-IoT and LTE-M) and Geography (Europe, North America, APAC, Middle East and Africa, and South America) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the LTE IOT market size between 2021 and 2026 is USD 12085.2 billion. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report

Key Market Dynamics

  • Market Driver: Growth in industrial automation is driving the growth of the market. The networking of automation devices is progressing globally. A global remote maintenance solution based on LTE can provide the optimal solution to machine manufacturers and plant operators. Reliable and scalable wireless communication mechanisms are important, with the increase in real-time analytics and automation in manufacturing. Several applications need to be wireless, such as smart connected tools, next-generation automated guided vehicles (AGVs), smart personal protective equipment (PPE), and wearable sensors. These applications can be connected seamlessly with the help of LTE. Therefore, the demand for LTE is expected to grow at a rapid pace during the forecast period, with the trend of industrial automation.
  • Market Challenge: Connectivity issues and lack of infrastructure are challenging the growth of the market. IoT devices require high-speed and reliable Internet connectivity. However, several other countries lack the required infrastructure. Thus, low Internet speed, along with latency and poor infrastructure, will negatively impact the adoption of LTE IoT devices, which will hamper the growth of the global LTE IoT devices during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. View our FREE PDF Sample Report

Market Segmentation

The LTE IOT market report is segmented by technology (NB-IoT and LTE-M) and geography (Europe, North America, APAC, Middle East and Africa, and South America). Europe will be the leading region with 37% of the market's growth during the forecast period. Germany, the UK, and France are the key countries for the LTE IOT market in the region.

View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report.

Vendor Landscape

The LTE IoT market is fragmented due to the presence of global and regional players competing with each other. Vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market. Vendors should incorporate the latest technologies to remain competitive in the market and distinguish their products and services from other players. Vendors are investing heavily in R&D to meet the rising demands of consumers. They are deploying advanced LTE IoT devices to consolidate their position in the market. New players are also entering the market to expand their business operations.

Some Companies Mentioned

  • Accent Advanced Systems SLU
  • Actility SA
  • AT and T Inc.
  • Cisco Systems Inc.
  • Cradlepoint Inc.
  • Link Labs Inc.
  • MediaTek Inc.
  • NetNumber Inc.
  • Orange SA
  • PureSoftware Ltd.
  • Qualcomm Inc.
  • Sequans Communications SA
  • Sierra Wireless Inc.
  • Telefonaktiebolaget LM Ericsson
  • Telia Co. AB
  • Telstra Corp. Ltd.
  • TELUS Corp.
  • Thales Group
  • Verizon Communications Inc.
  • Vodafone Group Plc

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Related Reports

IoT Analytics Market by Component, End-user, and Geography - Forecast and Analysis 2022-2026: The LTE IoT market share is expected to increase by USD 12085.2 billion from 2021 to 2026.

Internet of Things (IoT) Market in Retail Applications Market by Technology and Geography - Forecast and Analysis 2022-2026: The internet of things (IoT) market share in retail applications is expected to increase by USD 44.80 billion from 2021 to 2026.

LTE IoT Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 24.09%

Market growth 2022-2026

USD 12085.2 billion

Market structure

Fragmented

YoY growth (%)

22.15

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 37%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accent Advanced Systems SLU, Actility SA, AT and T Inc., Cisco Systems Inc., Cradlepoint Inc., Link Labs Inc., MediaTek Inc., NetNumber Inc., Orange SA, PureSoftware Ltd., Qualcomm Inc., Sequans Communications SA, Sierra Wireless Inc., Telefonaktiebolaget LM Ericsson, Telia Co. AB, Telstra Corp. Ltd., TELUS Corp., Thales Group, Verizon Communications Inc., and Vodafone Group Plc

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Key Topics Covered

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Technology

  • 5.1 Market segments 
    • Exhibit 24: Chart on Technology - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Technology - Market share 2021-2026 (%)
  • 5.2 Comparison by Technology 
    • Exhibit 26: Chart on Comparison by Technology
    • Exhibit 27: Data Table on Comparison by Technology
  • 5.3 NB-IoT - Market size and forecast 2021-2026
    • Exhibit 28: Chart on NB-IoT - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on NB-IoT - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on NB-IoT - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on NB-IoT - Year-over-year growth 2021-2026 (%)
  • 5.4 LTE-M - Market size and forecast 2021-2026
    • Exhibit 32: Chart on LTE-M - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on LTE-M - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on LTE-M - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on LTE-M - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Technology 
    • Exhibit 36: Market opportunity by Technology ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 Europe - Market size and forecast 2021-2026
    • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 France - Market size and forecast 2021-2026
    • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Cisco Systems Inc. 
    • Exhibit 89: Cisco Systems Inc. - Overview
    • Exhibit 90: Cisco Systems Inc. - Business segments
    • Exhibit 91: Cisco Systems Inc. - Key news
    • Exhibit 92: Cisco Systems Inc. - Key offerings
    • Exhibit 93: Cisco Systems Inc. - Segment focus
  • 10.4 Cradlepoint Inc. 
    • Exhibit 94: Cradlepoint Inc. - Overview
    • Exhibit 95: Cradlepoint Inc. - Product / Service
    • Exhibit 96: Cradlepoint Inc. - Key offerings
  • 10.5 MediaTek Inc. 
    • Exhibit 97: MediaTek Inc. - Overview
    • Exhibit 98: MediaTek Inc. - Product / Service
    • Exhibit 99: MediaTek Inc. - Key news
    • Exhibit 100: MediaTek Inc. - Key offerings
  • 10.6 Qualcomm Inc. 
    • Exhibit 101: Qualcomm Inc. - Overview
    • Exhibit 102: Qualcomm Inc. - Business segments
    • Exhibit 103: Qualcomm Inc. - Key news
    • Exhibit 104: Qualcomm Inc. - Key offerings
    • Exhibit 105: Qualcomm Inc. - Segment focus
  • 10.7 Sequans Communications SA 
    • Exhibit 106: Sequans Communications SA - Overview
    • Exhibit 107: Sequans Communications SA - Product / Service
    • Exhibit 108: Sequans Communications SA - Key offerings
  • 10.8 Sierra Wireless Inc. 
    • Exhibit 109: Sierra Wireless Inc. - Overview
    • Exhibit 110: Sierra Wireless Inc. - Business segments
    • Exhibit 111: Sierra Wireless Inc. - Key offerings
    • Exhibit 112: Sierra Wireless Inc. - Segment focus
  • 10.9 Telefonaktiebolaget LM Ericsson 
    • Exhibit 113: Telefonaktiebolaget LM Ericsson - Overview
    • Exhibit 114: Telefonaktiebolaget LM Ericsson - Business segments
    • Exhibit 115: Telefonaktiebolaget LM Ericsson - Key news
    • Exhibit 116: Telefonaktiebolaget LM Ericsson - Key offerings
    • Exhibit 117: Telefonaktiebolaget LM Ericsson - Segment focus
  • 10.10 TELUS Corp. 
    • Exhibit 118: TELUS Corp. - Overview
    • Exhibit 119: TELUS Corp. - Business segments
    • Exhibit 120: TELUS Corp. - Key offerings
    • Exhibit 121: TELUS Corp. - Segment focus
  • 10.11 Thales Group 
    • Exhibit 122: Thales Group - Overview
    • Exhibit 123: Thales Group - Business segments
    • Exhibit 124: Thales Group - Key offerings
    • Exhibit 125: Thales Group - Segment focus
  • 10.12 Vodafone Group Plc 
    • Exhibit 126: Vodafone Group Plc - Overview
    • Exhibit 127: Vodafone Group Plc - Business segments
    • Exhibit 128: Vodafone Group Plc - Key offerings
    • Exhibit 129: Vodafone Group Plc - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 130: Inclusions checklist
    • Exhibit 131: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 132: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 133: Research methodology
    • Exhibit 134: Validation techniques employed for market sizing
    • Exhibit 135: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 136: List of abbreviations

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