According to Counterpoint Research’s most recent IoT module tracker, there was a three percent yearly reduction in global cellular IoT module shipments in the second quarter of 2023 when compared to the same time the previous year. “Weaker economic sentiments and lower demand” were the company’s reasons. Despite a decline in Quectel’s total share, the top-selling suppliers were still Fibocom and Quectel, both located in China. In third position, China Mobile surpassed Telit Cinterion. Despite being hit hard by the “market downturn,” Telit Cinterion is still the largest provider of IoT modules in the West.
Failing demand for 5G and IIoT sinks cellular IoT sales; all hopes on RedCap
