Business operations, IoT module development, financial terms, competitive advantage


DUBLIN, June 10, 2022 /PRNewswire/ — The “Development of China’s Leading IoT Module Supplier: Quectel Wireless Solutions” report has been added to from offer.

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This report analyzes Quectel’s competitive advantages on the basis of its recent development and product strategies; examines the key success factors enabling the company to maintain high growth and continue to increase its presence in the market.

As a leading supplier of IoT wireless communication modules in ChinaQuectel Wireless Solutions accounted for the largest share of global shipments in 2019, as the company aggressively captured the market with low-cost 2G/3G modules and rapidly increased sales of 4G modules.

The company’s annual shipments were expected to top 100 million units in 2020 as it begins mass-producing 5G modules and bolstering its V2X (Vehicle to Everything) product lines.

List of topics

  • Development of the global wireless communication module market, affecting key growth drivers of major Chinese wireless communication module vendors

  • Development of Quectel Wireless Solutions, affecting its shipment and revenue performance as well as financial conditions for the period 2016-2021

  • Development of Quectel’s main module products and includes its top five customers with sales value included

  • Competitiveness of Quectel, regarding its product lines, unique sales and distribution channels, and smart manufacturing capability

Main topics covered:

1. Development of the global wireless communication module market
1.1 Chinese Module Suppliers Enjoying Rapid Growth on Growing Domestic Demand for Smart Meters
1.2 Quectel holds the No. 1 position in the global wireless communication module market

2. Development of Quectel
2.1 Business operations
2.2 Development of IoT modules
2.2.1 Phase 1: Winning market share with low-cost 2G/3G
2.2.2 Phase 2: Increase production of 4G modules
2.2.3 Phase 3: extends to 5G and V2X
2.3 Financial conditions
2.3.1 Consolidates its market leadership with steadily growing revenues
2.3.2 Steady growth in gross profit margin
2.3.3. Keeps 3 main types of operating expenses under control and increases R&D expenses

3. Quectel’s Competitive Advantages
3.1 Complete product lines to meet customization needs in the end market
3.1.1 Product Development Strategy of 5G Module
3.1.2 V2X Product Development Strategy
3.2 Equal Emphasis on Direct Selling and Distribution Channels to Expand Scale and Strengthen Cost Competitiveness
3.3 Sustaining long-term competitive advantages through smart manufacturing
3.3.1 creates an independent manufacturing ecosystem by building an intelligent manufacturing center
3.3.2 Improve core technology by upgrading R&D centers

4. Viewpoint

Companies cited

  • Ali Baba

  • Amazon

  • Beijing Avsolution Technology

  • Borgward

  • Auto Shine

  • BYD

  • Changan Automotive

  • Changan Public Service Announcement

  • Changhong

  • China-Mobile

  • China Telecom

  • Design tools

  • Dongfeng Motor

  • Emdoor Information

  • Ericsson

  • FAW-Volkswagen

  • Fiat Chrysler Automobiles

  • Fibocom

  • Flextronics

  • GAC

  • GAC Mitsubishi Motors

  • Geely-Auto

  • Gosuncn technology

  • Great Wall Engine

  • PSA Group

  • HiSilicon

  • Honda

  • Hongqi

  • Human horizons

  • Ingenico

  • Intel

  • JAC motors

  • Li-Auto

  • MediaTek

  • moving bike

  • Navico

  • Neta Auto

  • Neusoft Electronics

  • Newland payment technology

  • Nio

  • Ofo

  • Contact Phoenix

  • Qisda

  • Qualcomm

  • Wireless Quectel

  • Ring LLC

  • Robustel

  • SEG navigation

  • Shenzhen Boshijie Technology

  • sierra wireless

  • SIMCom

  • Sun

  • SWM motor

  • Technicolor Delivery Technologies

  • telit

  • Telsa

  • Tencent

  • Thales

  • Topsnet Technology

  • Toyota

  • Aircraft Technology TTA

  • uCloudlink

  • Unisoc

  • volkswagen

  • Xintai Communication

  • Xi’an United Ride Smart Technology

  • yahoo

  • Zhongyiwu Network

For more information on this report, visit

Media Contact:

Research and Markets
Laura Woodsenior
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