According to the latest research report published by Strategy Analytics, the global IoT cellular device sales are expected to increase from 142.3 million units in 2016, to 192.1 million units in 2025. IoT Cellular Device sales will reflect a transition in the dominant air interface from 4G to 5G through 2025. Analysts at Strategy Analytics expect sales of 4G IoT modules to peak within the next two years, with sales of 5G modules starting in 2019 and reaching an inflection point in 2024 as they outsell 4G modules. The automotive vertical market is expected to be the single largest consumer of IoT cellular modules across the forecasted period, and will further increase its market share position by 2025.
According to a Senior Analyst IoT Researcher at Strategy Analytics, the transition in dominant air interfaces in IoT is part of the ebb and flow of technology in IoT, from 3G dominance, to 4G and on to 5G. The benefits of 5G, such as low latency and long modem battery life, open up possibilities for IoT cellular devices, enabling use cases such as remote surgery providing the surgeon with the sense of touch as well as real-time video in Healthcare. Click here for full report.
