Global cellular industry revenue growth of 58% in the last quarter of 021

A new study revealed India was the fastest growing (154% YoY) in the Cellular Power Module market, 5G was the fastest growing (324% YoY) followed by 4G Cat 1 technology (105% YoY), cellular IoT module and Internet Global Cellular Stuff from Counterpoint.

“Quectel, Telit, and MeiG took the top three positions in the global cellular storage market, accounting for 40% of total revenue in the fourth quarter of 2021, and in 2021, Cellular IoT units in America by 59% and 57% year on year, respectively.

And in the fourth quarter of 2021, Telit’s deepening in Latin America and the Special Aid region’s 2G and 3G to 4G Cat 1 modules helped become the supplier of legacy modules in the region to complement its strong position in North America.

MeiG is another Chinese player that is constantly making progress and has reached the top three in IoT modules, whether it is things in finance or resources, and it is focusing more on intelligence for things and applications based on government modules, industrial personal digital assistant, drones and AR/VR.

MeiG entered minimal applications in 2021, and other major players from Thales, Rolling Wireless, Sunsea, Vibocom and Sierra Wireless, among the top 10 players, focus on the automotive sector only.