Industrial IoT Wireless Module
Industrial IoT Wireless Module Market Size and Growth
The Industrial IoT Wireless Module market is experiencing robust growth, driven by increasing demand for automation and connectivity. In 2023, the market size is valued at approximately $2.5 billion, with projections indicating continued expansion due to advancements in wireless technologies and the rise of smart manufacturing initiatives across various industries.
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Companies Covered
(Covid 19 Impact Covered)
◍ Sierra Wireless
◍ Gemalto (Thales Group)
◍ Quectel
◍ Telit
◍ Huawei
◍ Sunsea Group
◍ LG Innotek
◍ U-blox
◍ Fibocom wireless Inc.
◍ Neoway
The Industrial IoT Wireless Module Market features companies like Sierra Wireless, Quectel, and Telit, providing connectivity solutions that enhance industrial automation. By innovating modular designs and integrating advanced technologies, these firms drive market growth. Notable sales revenue includes Sierra Wireless around $170 million and Quectel approximately $800 million in 2022.
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Market Segmentation
By Application
Factories
Utilities
Others
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By Product
Communication Module
Positioning Module
Market Growth
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$ X Billion USD
