Global LTE IoT Market Opportunities and Forecast 2020-2027

  • DLR2913
  • 06 January, 2022
  • Service & Software
  • Pages: 120
  • Global
Global LTE IoT Market, By Technology (LTE-M, NB-IoT) By Service (Professional services, Managed services) By Industry (Manufacturing, Energy and utilities, Transportation and logistics, Healthcare, Agriculture), and opportunities and forecast 2020-2027

LTE IoT Market Overview

The global LTE IoT market is developing because of the growing number of connected devices and the necessity for distinct and well-defined network parameters. Because manufacturing operations are so delicate, companies are turning to IoT wireless connection platforms, sensors, and IoT solutions to increase productivity and transform their operations into smart manufacturing. Many software and solution vendors are offering smart manufacturing solutions that include automated and proactive analytics, changing industrial production into an intelligent and self-managing ecosystem. This factor is expected to drive the global LTE IoT market in the coming years.

LTE IoT is a relatively new technology that is predicted to grow rapidly in the future years. The Internet of Things (IoT) is rapidly evolving, resulting in a strong need for data transit and storage applications. Several industries, including IoT-enabled manufacturing, professional services, telematics, navigation, and infotainment in transportation, are likely to boost the global LTE IoT market's rapid growth. The emergence of linked devices is propelling the LTE IoT market to a considerable extent all around the world.

Report Metric Details
Market size available for years 2019–2027
Base year considered 2019
Forecast period 2020–2027
Forecast unit Value (USD Million)
Segments covered Technology, Service, Industry, and Region.
Regions covered North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered Vodafone, Telstra, MediaTek, Sierra Wireless, Orange, T-Mobile, PureSoftware, Actility.


Covid-19 Impact on LTE IoT Market

Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.

LTE IoT Market Segment Overview



Based on Technology, NB-IoT is one of the major segments in the global LTE IoT market. LTE IoT is made up of two main technologies: LTE-M and NB-IoT. The LTE-M is a technology standard for low power wide area networks. It's unique to LTE CatM1, which was created specifically for IoT. By reducing complexity and expanding coverage, LTE-M aims to minimize modem costs while also supporting data integrity and security. NB-IoT increases the spectrum's capacity and efficiency. The global LTE IoT market is predicted to be driven by the rising demand for essential NB-IoT benefits such as extended range, greater network reliability and security, easy deployment, and cost-effectiveness in the future years.
 
LTE IoT Market, By Technology
·       LTE-M
·       NB-IoT
 
LTE IoT Market, By Service
·       Professional services
·       Managed services

LTE IoT Market, By Industry
·       Manufacturing
·       Energy and utilities
·       Transportation and logistics
·       Healthcare
·       Agriculture

LTE IoT Market Regional Overview

Region-wise, North America is anticipated to dominate the overall market, throughout the forecast period. IoT and cloud services are increasingly adopted in this area. The Narrowband-IoT market is also benefiting from the growing demand for efficient and low-cost communication technology in the area. Because of the growing use of NB-IoT in the automotive and transportation sectors in the region, the LTE IoT market in Europe is expected to rise steadily. Moreover, the market in the Asia Pacific is expected to grow at considerable rate in the forthcoming years. In Asia-Pacific, the number of government projects for intelligent cities is growing, particularly in India and China. This fact contributes towards the growth of the market in this region.

LTE IoT Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
LTE IoT Market, Key Players

·       Vodafone
·       Telstra
·       MediaTek
·       Sierra Wireless
·       Orange
·       T-Mobile
·       PureSoftware
·       Actility

Frequently Asked Questions (FAQ) :

Q1. What are the driving factors for the global LTE IoT market?

A. The global LTE IoT market is developing because of the growing number of connected devices and the necessity for distinct and well-defined network parameters

Q2. Which Segments are covered in the global LTE IoT market report?

A. Technology, Service, Industry, and Region. these segments are covered in the global LTE IoT market report.

Q3. Which segment is projected to hold the largest share in the global LTE IoT market?

A. NB-IoT segment is projected to hold the largest share in the global LTE IoT market.

Q4. Which region holds the largest share in the global LTE IoT market?

A. North America held the largest share in the global LTE IoT market.

Q5. Which are the prominent players in the global LTE IoT market?

A. Vodafone, Telstra, MediaTek, Sierra Wireless, Orange, T-Mobile, PureSoftware, Actility. are some key players in the global LTE IoT market.
LTE IoT Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global LTE IoT Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Technology
        • 5.2.1. LTE-M
        • 5.2.2. NB-IoT
      • 5.3. Market Analysis, Insights and Forecast – By Service
        • 5.3.1. Professional services
        • 5.3.2. Managed services
      • 5.4. Market Analysis, Insights and Forecast – By Industry
        • 5.4.1. Manufacturing
        • 5.4.2. Energy and utilities
        • 5.4.3. Transportation and logistics
        • 5.4.4. Healthcare
        • 5.4.5. Agriculture
      • 5.5. Market Analysis, Insights and Forecast – By Region
        • 5.5.1. North America
        • 5.5.2. Europe
        • 5.5.3. Asia Pacific
        • 5.5.4. Latin America, Middle East and Africa

      6. North America LTE IoT Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Technology
        • 6.2.1. LTE-M
        • 6.2.2. NB-IoT
      • 6.3. Market Analysis, Insights and Forecast – By Service
        • 6.3.1. Professional services
        • 6.3.2. Managed services
      • 6.4. Market Analysis, Insights and Forecast – By Industry
        • 6.4.1. Manufacturing
        • 6.4.2. Energy and utilities
        • 6.4.3. Transportation and logistics
        • 6.4.4. Healthcare
        • 6.4.5. Agriculture
      • 6.5. Market Analysis, Insights and Forecast – By Country
        • 6.5.1. U.S.
        • 6.5.2. Canada

      7. Europe LTE IoT Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Technology
        • 7.2.1. LTE-M
        • 7.2.2. NB-IoT
      • 7.3. Market Analysis, Insights and Forecast – By Service
        • 7.3.1. Professional services
        • 7.3.2. Managed services
      • 7.4. Market Analysis, Insights and Forecast – By Industry
        • 7.4.1. Manufacturing
        • 7.4.2. Energy and utilities
        • 7.4.3. Transportation and logistics
        • 7.4.4. Healthcare
        • 7.4.5. Agriculture
      • 7.5. Market Analysis, Insights and Forecast – By Country
        • 7.5.1. UK
        • 7.5.2. Germany
        • 7.5.3. France
        • 7.5.4. Italy
        • 7.5.5. Spain
        • 7.5.6. Russia
        • 7.5.7. Rest of Europe

      8. Asia Pacific LTE IoT Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Technology
        • 8.2.1. LTE-M
        • 8.2.2. NB-IoT
      • 8.3. Market Analysis, Insights and Forecast – By Service
        • 8.3.1. Professional services
        • 8.3.2. Managed services
      • 8.4. Market Analysis, Insights and Forecast – By Industry
        • 8.4.1. Manufacturing
        • 8.4.2. Energy and utilities
        • 8.4.3. Transportation and logistics
        • 8.4.4. Healthcare
        • 8.4.5. Agriculture
      • 8.5. Market Analysis, Insights and Forecast – By Country
        • 8.5.1. China
        • 8.5.2. India
        • 8.5.3. Japan
        • 8.5.4. Australia
        • 8.5.5. South East Asia
        • 8.5.6. Rest of Asia Pacific

      9. Latin America, Middle East and Africa LTE IoT Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Technology
        • 9.2.1. LTE-M
        • 9.2.2. NB-IoT
      • 9.3. Market Analysis, Insights and Forecast – By Service
        • 9.3.1. Professional services
        • 9.3.2. Managed services
      • 9.4. Market Analysis, Insights and Forecast – By Industry
        • 9.4.1. Manufacturing
        • 9.4.2. Energy and utilities
        • 9.4.3. Transportation and logistics
        • 9.4.4. Healthcare
        • 9.4.5. Agriculture
      • 9.5. Market Analysis, Insights and Forecast – By Country
        • 9.5.1. Brazil
        • 9.5.2. Saudi Arabia
        • 9.5.3. UAE
        • 9.5.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Vodafone
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. Telstra
      • 10.6. MediaTek
      • 10.7. Sierra Wireless
      • 10.8. Orange
      • 10.9. T-Mobile
      • 10.10. PureSoftware

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