Last Updated on March 29, 2023 by admin
The market for the Internet of Things (IoT) is expanding quickly, and as more and more devices connect to the internet, the need for IoT devices also grows quickly. Shipments of IoT chipsets and modules are therefore anticipated to increase dramatically during the next few years. We will examine both the global cellular IoT module shipment share by the vendor for the year 2022 and the global IoT chipset shipment share by the vendor for that year in this article. Source: Report by Counterpoint Research
Global IoT Chipset Shipment Share by Vendor 2022:
Unisoc – 20%
ASR – 9.4%
EiGENCOMM – 7%
MediaTek – 5.4%
Qualcomm – 4%
Sony – 2%
Sequans – 2.2%
Others – 8.2%
With a 20% market share, Unisoc dominates the world market for IoT chipsets. The Chinese semiconductor business has advanced significantly in recent years and has emerged as a prominent force in the IoT chipset industry. ASR comes in just behind, holding a 9.4% market share. The business specializes in cellular IoT chipsets and has become well-known for its consistent connectivity and low power usage.
Market share figures above 5% for EiGENCOMM and MediaTek show that they are both big participants in the industry. One of the most well-known brands in the semiconductor sector, Qualcomm, has a meager 4% market share. As long as it keeps making large investments in the IoT sector, the company is anticipated to have significant growth in the years to come.
Global Cellular IoT Module Shipment Share by Vendor 2022:
Quectel – 38.5%
Fibocom – 7.5%
Sunsea – 5.3%
China Mobile – 5.2%
MEIG – 4.3%
Telit – 4.3%
Thales – 4%
neoway – 3.2%
Siera Wireless – 3%
ublox – 2.3%
Others – 22.4%
With a 38.5% share of the global market for cellular IoT modules, Quectel dominates. Because of its dependable connectivity and minimal power usage, the Chinese company has become a significant player in the industry. Fibocom is not far behind with a 7.5% market share. The company’s wide range of products and services has helped it become more well-known.
With a combined market share of more than 5%, Sunsea and China Mobile are also prominent competitors in the industry. Market shares for MEIG, Telit, Thales, Neoway, Siera Wireless, and ublox range from 2.3% to 4.3%. Several other market participants take up the remaining market share.
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