Core Insights - The cellular IoT market is projected to grow significantly, with connections expected to reach 5.9 billion by 2035, driven by the adoption of 5G technologies [1][4] Group 1: 5G RedCap Technology - 5G RedCap is identified as a transformative development in the cellular IoT landscape, with adoption expected to gain momentum starting in 2025 [2][3] - The technology serves as an optimal mid-tier connectivity solution for 5G devices that do not require advanced specifications like uRLLC or eMBB, providing futureproofing as 4G networks phase out beyond 2030 [2][3] Group 2: Automotive Segment Growth - The automotive segment is anticipated to grow from 500 million connections to approximately 1.2 billion by 2035, increasing its market share from 13% to 21% [4][5] - This growth is primarily driven by rising consumer demand for intelligent vehicles equipped with 5G connectivity, particularly in Asia & Oceania [4][5] Group 3: Market Trends and Analysis - Omdia's Cellular IoT Market Tracker 2021-2035 provides comprehensive analysis on trends in the cellular IoT market, including regional insights, air interface applications, module shipments, revenues, and connectivity revenues [6]