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Cellular IoT module market hit hard by COVID, chip shortage
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Cellular IoT module market hit hard by COVID, chip shortage
IANS / Updated: May 22, 2021, 09:15PM IST
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According to data provided by IoT Analytics, a leading provider of market insights and competitive intelligence for IoT and Industry 4.0, the global semiconductor shortage had already affected some cellular module companies in Q4 2020.
“Most cellular module companies have a large backlog of orders in hand, and chip shortages have led to higher chip price volatility. Hence, in H1 2021, we expect a global decline in shipment volume for the overall cellular IoT module market and a decrease in profi t margins for module makers,” said the report that was released late on Thursday.
The chip shortage is, therefore, hampering the COVID-19 cellular IoT recovery in Europe and North America, the fi ndings showed.
“The promise of preconfi gured IoT modules has become increasingly attractive in recent years, as customers are looking to decrease time-to-market for IoT solutions and multi-connectivity setups have made it more complicated for companies to develop their own solutions,” said Knud Lasse Lueth, CEO at IoT Analytics. IANS
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