LTE dominates growing IoT module shipments

IoT Analytics: cellular IoT module shipments grew 15% year-over-year in the first half despite memory shortages. LTE Cat 1 bis modules drove growth, while RedCap and eRedCap are just entering mass production, and NB-IoT continues to decline from its Q1 2024 peak.

• IoT module shipments grew 15% year-over-year in the first half
• LTE Cat 1 bis modules dominate, 5G deployment is gradual
• RedCap and eRedCap are just starting to reach volume
• China is the largest market, India is growing fastest