Global LTE Module Market Size was $6715.23 Million in 2023

Global LTE Module Market Overview

According to Global Market Monitor, the global LTE modulemarket size was $6715.23 million in 2023 with a CAGR of 14.96% from 2023 to 2029.LTE module refers to a product that is loaded into a specified frequency band, and the software supports the standard LTE protocol. The software and hardware are highly integrated and modularized. The hardware integrates the RF and baseband on a small PCB board to complete the wireless receiving, transmitting, and baseband signal processing functions. The software supports voice dialing, text messaging, dial-up networking, and other functions.

Market Drivers

With the development of technology and the increasing demand for networks, LTE has become an indispensable device for life and work and national defense technology. The application of LTE is also pervasive, involving all walks of life, such as finance, military, public transportation, etc. It can also be applied to mobile phones, GPS, electronic monitors, and other equipment in life.In addition to the medical, public transportation, military, etc. that have been applied to the present, with the increasing demand for technology and the increasing demand for technology, more areas will be applied and more popular, such as artificial intelligence, intelligent car era "unmanned".

Quectel Bussiness Overview

Quectel is the leading global supplier of cellular and GNSS modules, with a broad product portfolio covering the most recent wireless technologies of 5G, LTE/LTE-A, NB-IoT/LTE-M, UMTS/HSPA (+), GSM/GPRS and GNSS. As a professional IoT technology developer and cellular module supplier, Quectel can provide one-stop services for IoT cellular modules. Quectel products have been widely applied in IoT/M2M fields including smart payment, telematics and transport, smart energy, smart cities, security, wireless gateways, industry, healthcare, agriculture, and environment monitoring.

Quectel Recent Development

During the Embedded Germany 2024 Conference on April 11, the world's leading provider of total solutions for the Internet of Things (iot) announced that its 5G RedCap module RG255C-GL for the global market was officially commercialized, which can provide comprehensive 5G and 4G network connectivity for iot terminals at home and abroad. In addition to 5G and RedCap and other new quality productivity, the 4G, NB-IoT module products of Yuanyuan Communication have been applied in many aspects of smart grid power generation, power transformation, transmission, distribution, and electricity consumption, which not only provides support for the efficient operation of smart grid, but also promotes the power industry to achieve green and low-carbon development under the background of "dual carbon".

Company Name	Quectel
Website	www.quectel.com
Established Time	2010
Plants Distribution	Worldwide
Sales Region	North America, Europe, ACPC