According to the “Economic Operation of the Communication Industry from January to May 2022” issued by the Ministry of Industry and Information Technology, as of the end of May,my country’s cellular IoT users have reached 1.59 billion, a net increase of 196 million compared to the end of last year. The total number of mobile phone users was 1.66 billion, a net increase of 19.66 million compared to the end of last year.
The growth rate of cellular IoT users is 10 times that of mobile phone users, which makes the gap between the two sides narrow rapidly. The latest statistics show that the gap has narrowed to 67.51 million, accounting for 49% and 51% respectively. If calculated according to this growth rate,As early as the end of the third quarter of this year, the scale of cellular IoT users will historically exceed the scale of mobile users.
IT House learned that in May 2020, the Ministry of Industry and Information Technology issued the “Notice on Further Promoting the Comprehensive Development of Mobile Internet of Things”, which clearly guides new Internet of Things terminals to no longer use 2G / 3G networks, and promotes the existing 2G / 3G Internet of Things business. Migrate to NB-IoT / 4G (Cat1) / 5G network. Lower power consumption, larger bandwidth, and stronger connection capabilities have greatly broadened the application scenarios of the cellular Internet of Things and rapidly expanded its penetration rate in thousands of industries.
It is reported that the core component of IoT applications is the module, and China is the world’s largest supplier of modules. The latest report from research firm Counterpoint Research shows that global cellular IoT module shipments in the first quarter of 2022 increased by 35% year-on-year, of which Quectel (603236) accounted for 38.1% and shipments increased by 77% year-on-year; Guanghe Communication (300638) and Sunsea Communication ranked second and third respectively.
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