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 

Development of the global wireless communication module market, touching on major growth drivers for leading Chinese wireless communication module suppliers

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

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

Competitiveness of Quectel, touching on its product lineups, unique selling and distribution channels, and smart manufacturing capability

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 

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