LTE CAT M1 Wireless Module Market Size to Grow At 26.2% CAGR From 2024 to 2030

LTE CAT M1 Wireless Module Market Size (2024 - 2030)

As per our research Report, the LTE CAT M1 Wireless Module Market is forecasted to be growing at CAGR of 26.2% from 2024 to 2030.

LTE Cat M1 is an LTE technology equipped for IoT and M2M communications, which provides low to medium data rates and functions within current LTE networks. It comes under the segment of low-power wide-area (LPWA) cellular technologies. It was equipped by 3GPP as fragment of the LTE standard. LTE Cat M1 encourages upload/download speeds below 1 Mbps and can function in Half Duplex or Full Duplex modes. Unfamiliarly NB-IoT, it functions in the same LTE band applied for cellular applications. This is beneficious for carriers as they don't demand to deploy resources in generating new antennas. Instead, they can simply modernise the software as long as the equipment are suitable with their LTE network. LTE Cat M1 coexists with 2G, 3G, and 4G networks, inheriting their security and privacy characteristics like user identity confidentiality, entity authentication, data integrity, and mobile equipment identification.

Swifter upload and download speeds of up to 1 Mbps, along with lesser latency of 10 to 15 ms can be facilitated by LTE Cat M1 technology integrated with NB-IoT. It functions in either Half Duplex or Full Duplex means, thereby applying a complete bandwidth of 1.4 MHz. One of its primary benefits over NB-IoT is the capacity to seamlessly hand over networks between cell sites, which facilitates its uses in mobile applications. Contrastingly, NB-IoT is restricted to fixed uses within a single cell site's coverage area without the capacity for handover. LTE Cat M1 comes under the scope of the broader LTE category system, which provides different data speeds, frequency spectrum, power utilisation, and signal range. It provides precedence to power efficiency and longer signal range over high data rates, which makes it congenial for IoT applications. The lower data rates ensure signals to travel farther while using less power.

LTE CAT M1 cellular networking offers advantages for local IoT applications that don't require large-scale systems. It encourages upload/download speeds up to 1 Mbps, which makes it suitable for low to medium data gathering. Remote firmware updates can be functioned, thereby saving time and cost. LTE CAT M1 is advantageous for sensors in areas with limited network coverage, which permits support for devices like smart meters and HVAC processes, in smart city IoT assignments. The widened range aids data transfer in underground or hard-to-reach constructions. Moreover, in-building IoT projects encompassing human interaction, including alarm panels and safety systems is facilitated by LTE CAT M1. Hence, this element influences the demand for LTE Cat M1 Wireless Module. Power-saving modes that help in widening the battery life of equipment are served by LTE Cat M1 Wireless Module. Power Saving Mode (PSM) facilitates equipment to conserve power by penetrating a dormant state when they are not actively transferring data. The eDRX mode is another power-saving property that allows equipment to sleep for prolonged durations and wake up at mentioned time frames. The extent of power utilisation relies on the configuration of the IoT ecosystem.

The worldwide LTE Cat M1 Wireless Module Market is facing hardships, mainly in terms of limited bandwidth and network congestion. LTE Cat M1 has a limited amount of approachable bandwidth. Few tests have represented that typical upload speeds are roughly 300 Kbps, even though LTE Cat M1 theoretically encourages peak upload speeds of around 1 Mbps. Additionally, during scenarios of network congestion, equipment using LTE Cat M1 may be shifted off the network. When a cell site becomes tight with users, the network may demand LTE Cat M1 equipment that have been linked for an important duration to disconnect and reconnect at a later time. Thus, these hurdles inhibit the development of the Global LTE Cat M1 Wireless Module industry.

The worldwide LTE Cat M1 Wireless Module Market has been considerably persuaded by the COVID-19 spread. As an impact of rigorous lockdowns, travel limitations, and social distancing guidelines, the demand for LTE Cat M1 Wireless Module reduced. Delays in the expedient producing and delivery of goods and services have also been caused by the pandemic's persuasion on the market's supply chain. The pandemic caused important setbacks in China's semiconductor manufacturing industry, with production suspensions in containment areas affecting electronics and medical equipment manufacturing. It resulted in the postponement or cancellation of multiple IoT projects worldwide. These factors negatively impacted the market's development. Despite these difficulties, the market is anticipated to rebound alongside the global revival from the pandemic.

Key Market Insights: 

  • The Hardware segment occupied the biggest market share in the year 2023. The growth can be dedicated to the pivotal role played by hardware components, involving chipsets and cellular IoT modules, which offer as the foundational elements of the complete cellular IoT ecosystem. The growing adoption of cellular IoT modules across huge array of uses, such as wearables, linked healthcare devices, smart city infrastructure, and building automation projects, is expected to be a key driver for the development of the hardware segment.

  • The Smart Meters segment occupied the greatest market share in the year 2023. The development can be dedicated to the wide deployment of LTE Cat M1 technology in smart meters as it makes sure of reliable coverage by leveraging current mobile networks, which permits for strong communication services even in tough environments. Its installation is simplified, which allows independent interaction without network disturbances and removes the necessary additional looping. This impacts in lowered complexity and costs.

  • The Smart Cities and Smart Homes segment held the largest market share in 2023. The development can be dedicated to the augmenting demand for interlinked equipment controlled via smartphones or voice assistants. Smart homes provide benefits like bettered comfort, convenience, and energy efficiency with properties like automated temperature adjustment and programmable lighting. This emerging adoption is pushing the demand for reliable and secure cellular IoT devices and networks, which provide extended coverage, heightened security, and heightened reliability contrasted to other wireless technologies.

  • North America led the worldwide LTE Cat M1 Wireless Module Market in the year 2023. The active involvement of service providers and component producers in implementing IoT works, the quicker evolving technology landscape, and a great propensity among industries to facilitate smart and linked products from the early phases are some of the pivotal elements influencing the region's growth.

LTE CAT M1 Wireless Module Market Segmentation:

By Component

  • Hardware

  • Software

  • Services

By Application

  • Asset management

  • ATMs 

  • Monitoring Systems

  • Smart Meters

  • Sensor Nodes 

  • Utility Meters

  • Others

By End User

  • Automotive and Transportation

  • Agriculture

  • Energy and Utilities

  • Healthcare and E-Health

  • Manufacturing

  • Retail

  • Smart Cities and Smart Homes

  • Others

By Region

  • North America

  • Europe

  • Asia-Pacific

  • South America

  • Middle East & Africa

Request sample for this report:

Analyst Support

Every order comes with Analyst Support.


We offer customization to cater your needs to fullest.

Verified Analysis

We value integrity, quality and authenticity the most.