IoT cellular device shipments to approach 350m per year by 2025 – with strong China growth noted

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Sales of IoT cellular devices will approach 350 million per year by 2025, fuelled by 5G, with China continuing to provide a healthy impetus to the market, according to the latest report from Strategy Analytics.

The analyst firm forecasts that shipments of 4G IoT modules will peak within three years, as 5G modules begin slowly in 2019, with 2023 a key inflection point, as 5G modules outstrip those of 4G modules. The automotive vertical market will be the largest consumer of IoT cellular modules across the forecast period and will significantly increase its market share position

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