NB-IoT to Drive Majority Cellular IoT Shipments by 2022, 5G IoT to Become a Niche

A new report from Mobile Experts is now providing technical and cost comparisons for 2G, 3G, 4G, and anticipated 5G NR IoT devices. Each technology is evaluated for energy consumption, range, cost per square kilometer of network coverage, and cost per GB of data. It also includes a detailed and comprehensive business review of existing Cellular IoT as it shifts from GSM/GPRS to LTE-M and NB-IoT. The five-year forecast includes market share, shipment, pricing, and revenue data.

According to Mobile Experts, over the next few years, low-cost IoT devices will grow fast enough to drive an entirely new ecosystem of suppliers and devices. Connectivity will shift from GPRS or LTE Cat-4 to Cat-M or NB-IoT, with much longer battery life and more affordable devices. The deep-dive research in key vertical markets has highlighted the specific business models and applications where the new C-IoT applications will grow.

According to this new report, growth in the Cellular IoT market will be rapid in multiple layers. The report defines specific numbers and predicted timelines for IoT service revenue, IoT device shipments, IoT module revenue, and IoT semiconductor revenue. The hype surrounding 5G IoT devices isn't really justified. The forecast includes healthy adoption rates for 5G NR in specific industrial applications, but that means that 5G shipments will reach only about 1 million units per year over the next few years.

Click here to view the detailed report.