Quectel, Fibocom and China Mobile were the leading module players, collectively holding a 50% market share in Q1 2024. For markets excluding China, the top three vendors were Quectel, Telit Cinterion and Fibocom. Global cellular IoT module shipments g

The eSIM penetration in the rest of the world is much higher than in China but the large IoT base in China brings the overall global eSIM penetration to less than 10%