Development of the Leading Chinese IoT Module Supplier: Quectel Wireless Solutions (pre-order)

As a leading IoT wireless communication module supplier in China, Quectel Wireless Solutions accounted for the largest share of worldwide shipments in 2019 as the company aggressively seized the market with low-priced 2G/3G modules and rapidly increased its 4G module sales. The company’s annual shipments were expected to exceed 100 million units in 2020 as it started to mass produce 5G modules and strengthen its V2X (Vehicle to Everything) product lines. This report analyzes Quectel’s competitive edges based on its recent development and product strategies; examines the key success factors for the company to maintain high growth and continue to increase its market presence.


1.Development of the Worldwide Wireless Communication Module Market
1.1 Chinese Module Suppliers Enjoying Rapid Growth on Rising Domestic Demand for Smart Meters
1.2 Quectel Holds First 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: Seizes Market Share with Low-priced 2G/3G
2.2.2 Phase 2: Increases 4G Module Production
2.2.3 Phase 3: Expands to 5G & V2X
2.3 Financial Conditions
2.3.1 Consolidates Market Leadership with Constantly Growing Revenue
2.3.2 Steady Growth of Gross Profit Margin
2.3.3. Keeps 3 Primary Types of Operating Expenses under Control and Increases R&D Spending
3.Quectel’s Competitive Edges
3.1 Complete Product Lineups to Address Customization Needs in the End Market
3.1.1 5G Module Product Development Strategy
3.1.2 V2X Product Development Strategy
3.2 Equal Focus on Direct Selling and Distribution Channels to Expand Scale and Strengthen Cost Competitiveness
3.3 Maintaining Long-term Competitive Edges with Smart Manufacturing
3.3.1 Creates an Independent Manufacturing Ecosystem by Building a Smart Manufacturing Center
3.3.2 Enhances Core Technology by Upgrading R&D Centers
4.MIC Perspective
Appendix
Glossary of Terms
List of Companies.


List Of Tables

Table 1. Gross Profit Margins of Leading Wireless Module Suppliers, 2016 - 2020 
Table 2. Quectel’s Shipments by Product Lineups and Gross Profit Margin, 2020 
Table 3. Comparison of China’s Top 5 Wireless Module Vendors 
Table 4. Comparison of V2X Products between Fibocom and Quectel 
Table 5. Comparison of Major Chip Procurement Costs between Quectel and Neoway 
 


List Of Figures

Figure 1. Quectel’s IoT Module Product Lines 
Figure 2. Quectel’s Shipment Volume and Revenue, 2016 - 2021 
Figure 3. Quectel’s Revenue Share by Product Type, 2016 - 2021 
Figure 4. Quectel’s Revenue, 2016 - 2021 
Figure 5. Quectel’s Shipments by Product Type and Application, 2020 


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