Global cellular IoT module shipments saw a three percent annual decline in the second quarter of 2023, compared with the year-ago period, according to the latest IoT module tracker by Counterpoint Research. The firm cited “lower demand and weaker economic sentiments”. China-based duo Quectel and Fibocom maintained their lead as the top-selling vendors, even as Quectel’s overall share was hit. China Mobile overtook Telit Cinterion in third place. Telit Cinterion remains the biggest western IoT module vendor, but was buffeted by the “market downturn”.
