Recently, TechInsights released a research report stating that shipments and revenue of the global IoT module and gateway market will increase by 6% and 18% respectively year-on-year in 2022. Chinese suppliers maintain their dominant market share – in terms of shipments, the top five suppliers are all Chinese suppliers, and in terms of revenue, two of the top five suppliers are Chinese companies. Over the past few years, Chinese IoT module and gateway suppliers have dominated in terms of module shipments, with Quectel being the market leader in terms of module shipments and revenue for three consecutive years.
Global IoT module shipments will reach 505 million in 2022. The top five suppliers in terms of shipments are Quectel, Fibocom, Sunsea Intelligent, China Mobile (OneMO, a module brand of China Mobile Internet of Things Co., Ltd.) and Meige Intelligent, accounting for the total global IoT module shipments. 64% of the volume. In terms of revenue, two of the top five suppliers are Chinese manufacturers, and the other three suppliers are Western manufacturers – Sierra Wireless, u-Blox and the newly formed Telit Cinterion (Telit & Thales merged by Q123). The top five suppliers account for 62% of the entire IoT module and gateway revenue. Quectel dominates the market, and its revenue share is more than 20% higher than that of the second largest supplier, Telit Cinterion.
Within the overall IoT modules and gateways market, there are a large number of emerging vendors that are part of the “other” segment. Most of the suppliers included in “Others” are emerging Chinese suppliers, such as Qijun IoT, Gosuncn IoT, Wutong Group, etc. TechInsights also studied some of the more important IoT module suppliers, such as Murata, Rolling Wireless, WNC, Cavli Wireless, AM Telecom, Digi, ZTE, LG, Kyocera ) and gateway suppliers, such as Cradlepoint, Cisco, Netcomm and Teltonika, etc., so that the total volume of the global IoT module and gateway market can be more comprehensively estimated.