The North America Cellular IoT Market would witness market growth of 24.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Cellular IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,260.6 million by 2031. The Canada market is experiencing a CAGR of 27.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 26.5% during (2024 - 2031).

The cellular IoT rapidly transforms industries and societies by enabling billions of devices and objects to communicate through cellular networks, such as 4G, 5G, and beyond. As a subset of the broader IoT ecosystem, cellular IoT is uniquely positioned to provide reliable, scalable, and secure connections across diverse applications, from smart cities to healthcare.
The growth of this market is fuelled by its wide-ranging applications across various industries, growing adoption rates, and continuous technological innovations. This transformation reshapes how businesses and governments manage resources, improve efficiency, and enhance customer experiences. As these technologies evolve, they open up new frontiers in automation, remote monitoring, real-time analytics, and intelligent decision-making.
In Canada, the computer and electronic manufacturing sector saw an 8.1% revenue increase in 2021, reaching $15.5 billion, while total industry revenues also grew by 8.1% from $16.3 billion in 2020 to $17.9 billion. The growth in this sector directly impacts this market, as advancements in electronics manufacturing create opportunities for the development of IoT devices and connected solutions. Moreover, the retail sector in Mexico is valued at approximately USD 76 billion, with more than 47,000 retail stores nationwide. A dominant player like Walmart de Mexico accounts for a substantial share of supermarket sales. This growing retail market presents a significant opportunity for these solutions, as retail businesses increasingly rely on connected devices to manage inventory, track shipments, optimize supply chains, and enhance customer experiences. Therefore, both countries’ growing sectors—Canada’s electronics manufacturing and Mexico’s retail industry—are laying the groundwork for increased cellular IoT adoption.
Free Valuable Insights: The Cellular IoT Market is Predict to reach USD 32.56 Billion by 2031, at a CAGR of 25.1%
Based on End Use, the market is segmented into Automotive & Transportation, Healthcare, Agriculture, Consumer Electronics, Energy, Smart Cities, Environment Monitoring, Retail, and Other End Use. Based on Component, the market is segmented into Hardware and Software. Based on Technology, the market is segmented into 4G, 5G, 3G, and 2G. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Cisco Systems, Inc.
- Semtech Corporation
- Microsoft Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- AT&T Inc.
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Vodafone Group Plc
- PTC Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
North America Cellular IoT Market Report Segmentation
By End Use
- Automotive & Transportation
- Healthcare
- Agriculture
- Consumer Electronics
- Energy
- Smart Cities
- Environment Monitoring
- Retail
- Other End Use
By Component
By Technology
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cellular IoT Market, by End Use
1.4.2 North America Cellular IoT Market, by Component
1.4.3 North America Cellular IoT Market, by Technology
1.4.4 North America Cellular IoT Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2022, Sep – 2024, Dec) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Cellular IoT Market by End Use
5.1 North America Automotive & Transportation Market by Country
5.2 North America Healthcare Market by Country
5.3 North America Agriculture Market by Country
5.4 North America Consumer Electronics Market by Country
5.5 North America Energy Market by Country
5.6 North America Smart Cities Market by Country
5.7 North America Environment Monitoring Market by Country
5.8 North America Retail Market by Country
5.9 North America Other End Use Market by Country
Chapter 6. North America Cellular IoT Market by Component
6.1 North America Hardware Market by Country
6.2 North America Software Market by Country
Chapter 7. North America Cellular IoT Market by Technology
7.1 North America 4G Market by Country
7.2 North America 5G Market by Country
7.3 North America 3G Market by Country
7.4 North America 2G Market by Country
Chapter 8. North America Cellular IoT Market by Country
8.1 US Cellular IoT Market
8.1.1 US Cellular IoT Market by End Use
8.1.2 US Cellular IoT Market by Component
8.1.3 US Cellular IoT Market by Technology
8.2 Canada Cellular IoT Market
8.2.1 Canada Cellular IoT Market by End Use
8.2.2 Canada Cellular IoT Market by Component
8.2.3 Canada Cellular IoT Market by Technology
8.3 Mexico Cellular IoT Market
8.3.1 Mexico Cellular IoT Market by End Use
8.3.2 Mexico Cellular IoT Market by Component
8.3.3 Mexico Cellular IoT Market by Technology
8.4 Rest of North America Cellular IoT Market
8.4.1 Rest of North America Cellular IoT Market by End Use
8.4.2 Rest of North America Cellular IoT Market by Component
8.4.3 Rest of North America Cellular IoT Market by Technology
Chapter 9. Company Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Semtech Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Product Development and Engineering expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Microsoft Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 AT&T, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Ericsson AB
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Vodafone Group Plc
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.9 PTC, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Samsung Electronics Co., Ltd. (Samsung Group)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.5.3 Acquisition and Mergers:
9.10.6 SWOT Analysis
TABLE 1 North America Cellular IoT Market, 2020 - 2023, USD Million
TABLE 2 North America Cellular IoT Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cellular IoT Market
TABLE 4 Product Launches And Product Expansions– Cellular IoT Market
TABLE 5 Acquisition and Mergers– Cellular IoT Market
TABLE 6 North America Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 7 North America Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 8 North America Automotive & Transportation Market by Country, 2020 - 2023, USD Million
TABLE 9 North America Automotive & Transportation Market by Country, 2024 - 2031, USD Million
TABLE 10 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 11 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 12 North America Agriculture Market by Country, 2020 - 2023, USD Million
TABLE 13 North America Agriculture Market by Country, 2024 - 2031, USD Million
TABLE 14 North America Consumer Electronics Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Consumer Electronics Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Energy Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Energy Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Smart Cities Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Smart Cities Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Environment Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Environment Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 22 North America Retail Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Retail Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Other End Use Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Other End Use Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 27 North America Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 28 North America Hardware Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Hardware Market by Country, 2024 - 2031, USD Million
TABLE 30 North America Software Market by Country, 2020 - 2023, USD Million
TABLE 31 North America Software Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 33 North America Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 34 North America 4G Market by Country, 2020 - 2023, USD Million
TABLE 35 North America 4G Market by Country, 2024 - 2031, USD Million
TABLE 36 North America 5G Market by Country, 2020 - 2023, USD Million
TABLE 37 North America 5G Market by Country, 2024 - 2031, USD Million
TABLE 38 North America 3G Market by Country, 2020 - 2023, USD Million
TABLE 39 North America 3G Market by Country, 2024 - 2031, USD Million
TABLE 40 North America 2G Market by Country, 2020 - 2023, USD Million
TABLE 41 North America 2G Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Cellular IoT Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Cellular IoT Market by Country, 2024 - 2031, USD Million
TABLE 44 US Cellular IoT Market, 2020 - 2023, USD Million
TABLE 45 US Cellular IoT Market, 2024 - 2031, USD Million
TABLE 46 US Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 47 US Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 48 US Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 49 US Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 50 US Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 51 US Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 52 Canada Cellular IoT Market, 2020 - 2023, USD Million
TABLE 53 Canada Cellular IoT Market, 2024 - 2031, USD Million
TABLE 54 Canada Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 55 Canada Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 56 Canada Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 57 Canada Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 58 Canada Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 59 Canada Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 60 Mexico Cellular IoT Market, 2020 - 2023, USD Million
TABLE 61 Mexico Cellular IoT Market, 2024 - 2031, USD Million
TABLE 62 Mexico Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 63 Mexico Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 64 Mexico Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 65 Mexico Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 66 Mexico Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 67 Mexico Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 68 Rest of North America Cellular IoT Market, 2020 - 2023, USD Million
TABLE 69 Rest of North America Cellular IoT Market, 2024 - 2031, USD Million
TABLE 70 Rest of North America Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 71 Rest of North America Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 72 Rest of North America Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 73 Rest of North America Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 74 Rest of North America Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 75 Rest of North America Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 76 Key Information – Cisco Systems, Inc.
TABLE 77 Key information – Semtech Corporation
TABLE 78 Key Information – Microsoft Corporation
TABLE 79 Key Information – Huawei Technologies Co., Ltd.
TABLE 80 Key Information – AT&T, Inc.
TABLE 81 key information – Ericsson AB
TABLE 82 Key Information – Qualcomm Incorporated
TABLE 83 Key information – Vodafone Group Plc
TABLE 84 key Information – PTC, Inc.
TABLE 85 Key Information – Samsung Electronics Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Cellular IoT Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Cellular IoT Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2022, sep – 2024, Dec) Leading Players
FIG 8 Porter’s Five Forces Analysis – Cellular IoT Market
FIG 9 North America Cellular IoT Market share by End Use, 2023
FIG 10 North America Cellular IoT Market share by End Use, 2031
FIG 11 North America Cellular IoT Market by End Use, 2020 - 2031, USD Million
FIG 12 North America Cellular IoT Market share by Component, 2023
FIG 13 North America Cellular IoT Market share by Component, 2031
FIG 14 North America Cellular IoT Market by Component, 2020 - 2031, USD Million
FIG 15 North America Cellular IoT Market share by Technology, 2023
FIG 16 North America Cellular IoT Market share by Technology, 2031
FIG 17 North America Cellular IoT Market by Technology, 2020 - 2031, USD Million
FIG 18 North America Cellular IoT Market share by Country 2023
FIG 19 North America Cellular IoT Market share by Country, 2031
FIG 20 North America Cellular IoT Market by Country, 2020 - 2031, USD Million
FIG 21 Recent strategies and developments: Cisco Systems, Inc.
FIG 22 SWOT Analysis: Cisco Systems, Inc.
FIG 23 Recent strategies and developments: Semtech Corporation
FIG 24 SWOT Analysis: Semtech Corporation
FIG 25 SWOT Analysis: Microsoft Corporation
FIG 26 SWOT Analysis: Huawei Technologies Co., Ltd.
FIG 27 Recent strategies and developments: AT&T Inc.
FIG 28 SWOT Analysis: AT&T Inc.
FIG 29 Recent strategies and developments: Ericsson AB
FIG 30 SWOT Analysis: Ericsson AB
FIG 31 Recent strategies and developments: QUALCOMM Incorporated
FIG 32 SWOT Analysis: QUALCOMM Incorporated
FIG 33 Recent strategies and developments: Vodafone Group Plc
FIG 34 Swot Analysis: PTC, Inc.
FIG 35 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 36 SWOT Analysis: Samsung Electronics Co., Ltd.