Global Cellular IoT module market grew in Q3 2022, despite supply chain constrain in China

Global cellular IoT module shipments grew by only 2% YoY in Q3 2022, according to the latest research from Counterpoint.

China’s shipments decreased 8% YoY in this quarter due to a resurgence of COVID-19 cases while other markets such as North America, Western Europe, India, Japan, Latin America, the Middle East and Africa witnessed a healthy growth.