Despite 2023 Decline, Cat-1bis and RedCap are Bright Spots for IoT Cellular Module Market

Written by PR Newswire

NEW YORK, July 12, 2024 /PRNewswire/ -- Inventory stacking, a response to the Covid-19 pandemic, drove cellular module growth in 2021 and even into 2022. However, in 2023 it was a major headwind, driving a shipment decline of over 5% relative to 2022. What has buoyed the spirits of the cellular module market has been the growth of...

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