Just Published: North America's Q3 2024 Cellular IoT Module Shipments Mark Seventh Straight Quarterly Decline
Key Takeaways:
📌NAM cellular
#IoT module shipments fell 16% YoY in Q3 2024, mainly due to softer demand and clearing out elevated inventory from post-COVID in Healthcare, asset tracking, and automotive applications.
📌The NAM market rose 1% QoQ in Q3 2024, indicating that the market is stabilizing and returning to 2021 levels.
📌The top three applications in North America account for more than 50% of shipment share are
#automotive,
#router/CPE and
#healthcare.
📌4G Cat 4 and LTE-M are the two largest technologies in terms of shipments, together holding a 50% market share.
📌Qualcomm remains the market leader with a dominant share, while Sony
#Altair ranks second helped by the strong performance of its LTE-M
#chipset offerings.
Read the full note here:
counterpointresearch.com/ins…
#technology #trends #insights #research #IoTModule