This report provides a comprehensive analysis of the global NB-IoT and LTE Cat.1 modules market, projecting growth trends from 2025 through 2032. It examines key market dynamics, including the rapid expansion of connected IoT devices and advanced network infrastructures like 5G and IPv6. The study offers detailed segmentation by module type, application—such as smart metering and asset tracking—and geography. Additionally, it evaluates competitive landscapes, strategic company maneuvers, and emerging opportunities across major global regions.

Market Overview

The global NB-IoT and LTE Cat.1 Modules market is projected to experience significant growth from 2025 through 2032, expanding at a steady compound annual growth rate throughout the forecast period.

Market Context and Research Insights

According to research, the number of global connected IoT devices reached approximately 14 billion, representing an 18% increase compared to 2021.

Regarding the infrastructure landscape in China, data from the Office of the Central Cyberspace Affairs Commission indicates that by the end of 2022, the country had built and opened a total of 2.3 million 5G base stations. Key developments include:

• Gigabit Connectivity: 110 cities nationwide have met gigabit city construction standards, with gigabit optical networks capable of covering more than 500 million households.
• IPv6 Deployment: The large-scale deployment of IPv6 applications is being deeply promoted. The number of active users exceeds 700 million, and mobile network IPv6 traffic accounts for nearly 50% of total traffic.
• Data Center Infrastructure: The total size of China's data center racks exceeds 6.5 million standard racks, maintaining an average annual growth rate of more than 30% over the past five years.

Report Scope and Methodology

LP Information, Inc. (LPI) presents the “NB-IoT and LTE Cat.1 Modules Industry Forecast,” a newest research report that evaluates past sales and reviews total worldwide NB-IoT and LTE Cat.1 Modules sales in 2025. The report provides a comprehensive analysis of projected sales for the period from 2026 through 2032, broken down by region, market sector, and sub-sector, with detailed financial analysis provided in US$ millions.

This Insight Report offers a comprehensive analysis of the global NB-IoT and LTE Cat.1 Modules landscape, highlighting key trends related to:

• Product segmentation
• Company formation
• Revenue and market share
• Latest developments
• M&A activity

Furthermore, the report analyzes the strategies of leading global companies, focusing on their NB-IoT and LTE Cat.1 Modules portfolios and capabilities, market entry strategies, market positions, and geographic footprints to understand their unique positions in an accelerating global market.

Using a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study evaluates key market trends, drivers, and affecting factors to highlight emerging pockets of opportunity. The report presents a comprehensive overview of market shares and growth opportunities by product type, application, key manufacturers, and key regions/countries.

Market Segmentation

By Type

• NB-IoT Modules
• LTE Cat.1 Modules

By Application

• Smart Metering
• Asset Tracking
• Smart Parking
• Smart Security
• Other

By Region

• Americas: United States, Canada, Mexico, Brazil
• APAC: China, Japan, Korea, Southeast Asia, India, Australia
• Europe: Germany, France, UK, Italy, Russia
• Middle East & Africa: Egypt, South Africa, Israel, Turkey, GCC Countries

Competitive Landscape

The following companies have been profiled based on inputs gathered from primary experts and an analysis of their coverage, product portfolio, and market penetration:

• Quectel Wireless Solutions
• Fibocom
• Sunsea AIoT Technology
• MeiG Smart Technology
• U-blox
• Thales
• Sierra Wireless
• Telit
• Neoway Technology
• Sequans Communications
• Gosuncn Technology

Key Questions Addressed

• What is the 10-year outlook for the global NB-IoT and LTE Cat.1 Modules market?
• What factors are driving NB-IoT and LTE Cat.1 Modules market growth, globally and by region?
• Which technologies are poised for the fastest growth by market and region?
• How do NB-IoT and LTE Cat.1 Modules market opportunities vary by end market size?
• How does NB-IoT and LTE Cat.1 Modules break out by Type and by Application?

• 1 Scope of the Report

  • 1.1 Market Introduction

  • 1.2 Years Considered

  • 1.3 Research Objectives

  • 1.4 Market Research Methodology

  • 1.5 Research Process and Data Source

  • 1.6 Economic Indicators

  • 1.7 Currency Considered

  • 1.8 Market Estimation Caveats

• 2 Executive Summary

  • 2.1 World Market Overview

    • 2.1.1 Global NB-IoT and LTE Cat.1 Modules Annual Sales 2021-2032

    • 2.1.2 World Current & Future Analysis for NB-IoT and LTE Cat.1 Modules by Geographic Region, 2021, 2025 & 2032

    • 2.1.3 World Current & Future Analysis for NB-IoT and LTE Cat.1 Modules by Country/Region, 2021, 2025 & 2032

  • 2.2 NB-IoT and LTE Cat.1 Modules Segment by Type

    • 2.2.1 NB-IoT Modules

    • 2.2.2 LTE Cat.1 Modules

    • 2.2.3 NB-IoT and LTE Cat.1 Modules Sales by Type

      • 2.2.3.1 Global NB-IoT and LTE Cat.1 Modules Sales Market Share by Type (2021-2026)
      • 2.2.3.2 Global NB-IoT and LTE Cat.1 Modules Revenue and Market Share by Type (2021-2026)
      • 2.2.3.3 Global NB-IoT and LTE Cat.1 Modules Sale Price by Type (2021-2026)

  • 2.3 NB-IoT and LTE Cat.1 Modules Segment by Application

    • 2.3.1 Smart Metering

    • 2.3.2 Asset Tracking

    • 2.3.3 Smart Parking

    • 2.3.4 Smart Security

    • 2.3.5 Other

    • 2.3.6 NB-IoT and LTE Cat.1 Modules Sales by Application

      • 2.3.6.1 Global NB-IoT and LTE Cat.1 Modules Sale Market Share by Application (2021-2026)
      • 2.3.6.2 Global NB-IoT and LTE Cat.1 Modules Revenue and Market Share by Application (2021-2026)
      • 2.3.6.3 Global NB-IoT and LTE Cat.1 Modules Sale Price by Application (2021-2026)

• 3 Global by Company

  • 3.1 Global NB-IoT and LTE Cat.1 Modules Breakdown Data by Company

    • 3.1.1 Global NB-IoT and LTE Cat.1 Modules Annual Sales by Company (2021-2026)

    • 3.1.2 Global NB-IoT and LTE Cat.1 Modules Sales Market Share by Company (2021-2026)

  • 3.2 Global NB-IoT and LTE Cat.1 Modules Annual Revenue by Company (2021-2026)

    • 3.2.1 Global NB-IoT and LTE Cat.1 Modules Revenue by Company (2021-2026)

    • 3.2.2 Global NB-IoT and LTE Cat.1 Modules Revenue Market Share by Company (2021-2026)

  • 3.3 Global NB-IoT and LTE Cat.1 Modules Sale Price by Company

  • 3.4 Key Manufacturers NB-IoT and LTE Cat.1 Modules Producing Area Distribution, Sales Area, Product Type

    • 3.4.1 Key Manufacturers NB-IoT and LTE Cat.1 Modules Product Location Distribution

    • 3.4.2 Players NB-IoT and LTE Cat.1 Modules Products Offered

  • 3.5 Market Concentration Rate Analysis

    • 3.5.1 Competition Landscape Analysis

    • 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)

  • 3.6 New Products and Potential Entrants

  • 3.7 Market M&A Activity & Strategy

• 4 World Historic Review for NB-IoT and LTE Cat.1 Modules by Geographic Region

  • 4.1 World Historic NB-IoT and LTE Cat.1 Modules Market Size by Geographic Region (2021-2026)

    • 4.1.1 Global NB-IoT and LTE Cat.1 Modules Annual Sales by Geographic Region (2021-2026)

    • 4.1.2 Global NB-IoT and LTE Cat.1 Modules Annual Revenue by Geographic Region (2021-2026)

  • 4.2 World Historic NB-IoT and LTE Cat.1 Modules Market Size by Country/Region (2021-2026)

    • 4.2.1 Global NB-IoT and LTE Cat.1 Modules Annual Sales by Country/Region (2021-2026)

    • 4.2.2 Global NB-IoT and LTE Cat.1 Modules Annual Revenue by Country/Region (2021-2026)

  • 4.3 Americas NB-IoT and LTE Cat.1 Modules Sales Growth

  • 4.4 APAC NB-IoT and LTE Cat.1 Modules Sales Growth

  • 4.5 Europe NB-IoT and LTE Cat.1 Modules Sales Growth

  • 4.6 Middle East & Africa NB-IoT and LTE Cat.1 Modules Sales Growth

• 5 Americas

  • 5.1 Americas NB-IoT and LTE Cat.1 Modules Sales by Country

    • 5.1.1 Americas NB-IoT and LTE Cat.1 Modules Sales by Country (2021-2026)

    • 5.1.2 Americas NB-IoT and LTE Cat.1 Modules Revenue by Country (2021-2026)

  • 5.2 Americas NB-IoT and LTE Cat.1 Modules Sales by Type (2021-2026)

  • 5.3 Americas NB-IoT and LTE Cat.1 Modules Sales by Application (2021-2026)

  • 5.4 United States

  • 5.5 Canada

  • 5.6 Mexico

  • 5.7 Brazil

• 6 APAC

  • 6.1 APAC NB-IoT and LTE Cat.1 Modules Sales by Region

    • 6.1.1 APAC NB-IoT and LTE Cat.1 Modules Sales by Region (2021-2026)

    • 6.1.2 APAC NB-IoT and LTE Cat.1 Modules Revenue by Region (2021-2026)

  • 6.2 APAC NB-IoT and LTE Cat.1 Modules Sales by Type (2021-2026)

  • 6.3 APAC NB-IoT and LTE Cat.1 Modules Sales by Application (2021-2026)

  • 6.4 China

  • 6.5 Japan

  • 6.6 South Korea

  • 6.7 Southeast Asia

  • 6.8 India

  • 6.9 Australia

  • 6.10 China Taiwan

• 7 Europe

  • 7.1 Europe NB-IoT and LTE Cat.1 Modules by Country

    • 7.1.1 Europe NB-IoT and LTE Cat.1 Modules Sales by Country (2021-2026)

    • 7.1.2 Europe NB-IoT and LTE Cat.1 Modules Revenue by Country (2021-2026)

  • 7.2 Europe NB-IoT and LTE Cat.1 Modules Sales by Type (2021-2026)

  • 7.3 Europe NB-IoT and LTE Cat.1 Modules Sales by Application (2021-2026)

  • 7.4 Germany

  • 7.5 France

  • 7.6 UK

  • 7.7 Italy

  • 7.8 Russia

• 8 Middle East & Africa

  • 8.1 Middle East & Africa NB-IoT and LTE Cat.1 Modules by Country

    • 8.1.1 Middle East & Africa NB-IoT and LTE Cat.1 Modules Sales by Country (2021-2026)

    • 8.1.2 Middle East & Africa NB-IoT and LTE Cat.1 Modules Revenue by Country (2021-2026)

  • 8.2 Middle East & Africa NB-IoT and LTE Cat.1 Modules Sales by Type (2021-2026)

  • 8.3 Middle East & Africa NB-IoT and LTE Cat.1 Modules Sales by Application (2021-2026)

  • 8.4 Egypt

  • 8.5 South Africa

  • 8.6 Israel

  • 8.7 Turkey

  • 8.8 GCC Countries

• 9 Market Drivers, Challenges and Trends

  • 9.1 Market Drivers & Growth Opportunities

  • 9.2 Market Challenges & Risks

  • 9.3 Industry Trends

• 10 Manufacturing Cost Structure Analysis

  • 10.1 Raw Material and Suppliers

  • 10.2 Manufacturing Cost Structure Analysis of NB-IoT and LTE Cat.1 Modules

  • 10.3 Manufacturing Process Analysis of NB-IoT and LTE Cat.1 Modules

  • 10.4 Industry Chain Structure of NB-IoT and LTE Cat.1 Modules

• 11 Marketing, Distributors and Customer

  • 11.1 Sales Channel

    • 11.1.1 Direct Channels

    • 11.1.2 Indirect Channels

  • 11.2 NB-IoT and LTE Cat.1 Modules Distributors

  • 11.3 NB-IoT and LTE Cat.1 Modules Customer

• 12 World Forecast Review for NB-IoT and LTE Cat.1 Modules by Geographic Region

  • 12.1 Global NB-IoT and LTE Cat.1 Modules Market Size Forecast by Region

    • 12.1.1 Global NB-IoT and LTE Cat.1 Modules Forecast by Region (2027-2032)

    • 12.1.2 Global NB-IoT and LTE Cat.1 Modules Annual Revenue Forecast by Region (2027-2032)

  • 12.2 Americas Forecast by Country (2027-2032)

  • 12.3 APAC Forecast by Region (2027-2032)

  • 12.4 Europe Forecast by Country (2027-2032)

  • 12.5 Middle East & Africa Forecast by Country (2027-2032)

  • 12.6 Global NB-IoT and LTE Cat.1 Modules Forecast by Type (2027-2032)

  • 12.7 Global NB-IoT and LTE Cat.1 Modules Forecast by Application (2027-2032)

• 13 Key Players Analysis

  • 13.1 Quectel Wireless Solutions

    • 13.1.1 Quectel Wireless Solutions Company Information

    • 13.1.2 Quectel Wireless Solutions NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.1.3 Quectel Wireless Solutions NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.1.4 Quectel Wireless Solutions Main Business Overview

    • 13.1.5 Quectel Wireless Solutions Latest Developments

  • 13.2 Fibocom

    • 13.2.1 Fibocom Company Information

    • 13.2.2 Fibocom NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.2.3 Fibocom NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.2.4 Fibocom Main Business Overview

    • 13.2.5 Fibocom Latest Developments

  • 13.3 Sunsea AIoT Technology

    • 13.3.1 Sunsea AIoT Technology Company Information

    • 13.3.2 Sunsea AIoT Technology NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.3.3 Sunsea AIoT Technology NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.3.4 Sunsea AIoT Technology Main Business Overview

    • 13.3.5 Sunsea AIoT Technology Latest Developments

  • 13.4 MeiG Smart Technology

    • 13.4.1 MeiG Smart Technology Company Information

    • 13.4.2 MeiG Smart Technology NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.4.3 MeiG Smart Technology NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.4.4 MeiG Smart Technology Main Business Overview

    • 13.4.5 MeiG Smart Technology Latest Developments

  • 13.5 U-blox

    • 13.5.1 U-blox Company Information

    • 13.5.2 U-blox NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.5.3 U-blox NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.5.4 U-blox Main Business Overview

    • 13.5.5 U-blox Latest Developments

  • 13.6 Thales

    • 13.6.1 Thales Company Information

    • 13.6.2 Thales NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.6.3 Thales NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.6.4 Thales Main Business Overview

    • 13.6.5 Thales Latest Developments

  • 13.7 Sierra Wireless

    • 13.7.1 Sierra Wireless Company Information

    • 13.7.2 Sierra Wireless NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.7.3 Sierra Wireless NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.7.4 Sierra Wireless Main Business Overview

    • 13.7.5 Sierra Wireless Latest Developments

  • 13.8 Telit

    • 13.8.1 Telit Company Information

    • 13.8.2 Telit NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.8.3 Telit NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.8.4 Telit Main Business Overview

    • 13.8.5 Telit Latest Developments

  • 13.9 Neoway Technology

    • 13.9.1 Neoway Technology Company Information

    • 13.9.2 Neoway Technology NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.9.3 Neoway Technology NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.9.4 Neoway Technology Main Business Overview

    • 13.9.5 Neoway Technology Latest Developments

  • 13.10 Sequans Communications

    • 13.10.1 Sequans Communications Company Information

    • 13.10.2 Sequans Communications NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.10.3 Sequans Communications NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.10.4 Sequans Communications Main Business Overview

    • 13.10.5 Sequans Communications Latest Developments

  • 13.11 Gosuncn Technology

    • 13.11.1 Gosuncn Technology Company Information

    • 13.11.2 Gosuncn Technology NB-IoT and LTE Cat.1 Modules Product Portfolios and Specifications

    • 13.11.3 Gosuncn Technology NB-IoT and LTE Cat.1 Modules Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.11.4 Gosuncn Technology Main Business Overview

    • 13.11.5 Gosuncn Technology Latest Developments

• 14 Research Findings and Conclusion