Unlocking the Power of 5G RedCap in IoT Devices
The latest advancement in 5G technology is here – 5G RedCap. Designed as a migration pathway from 4G LTE to 5G for mid-range devices, 5G RedCap opens up exciting possibilities for the Internet of Things (IoT) industry. With its throughput capabilities bridging the gap between eMBB and LPWA, 5G RedCap is set to revolutionize connectivity for IoT devices.
ABI Research, a leading technology intelligence firm, predicts that the shipment of IoT RedCap modules will reach a staggering 80 million from 2024 to 2029. This indicates a growing interest and investment in this innovative technology.
“5G RedCap is a transformative series of network and device optimizations that simplify device complexity and provide a cost-effective pathway to 5G for IoT device manufacturers,” explains industry analyst from ABI Research. The appeal of 5G RedCap lies in delivering LTE-equivalent performance with assurances of network longevity in the 5G era.
Key players in the industry such as Qualcomm, MediaTek, UNISOC, and ASR Microelectronics have already entered the chipset market, signaling the growing interest in 5G RedCap technology.
The next evolution of the RedCap standard, known as enhanced RedCap (eRedCap), promises even further reductions in device complexity. This development will unlock a substantial market for IoT device manufacturers currently using LTE-Cat-1 and Cat-1bis technologies.
Leading semiconductor company Sequans has announced its plans to develop an eRedCap chip, further fueling the competition in this hyper-competitive landscape. As the industry transitions towards eRedCap, device manufacturers will aim to secure customer loyalty early on, showcasing the vast potential of this technology.
ABI Research’s 5G RedCap Standards and Chipsets for IoT report provides in-depth insights into the application and devices landscape. With primary research and analysis, this report is part of the company’s IoT Hardware & Devices research service, offering valuable data and insights for industry players.