The global GSM module market size is expected to reach US$ 3.4 billion in 2025. It is expected to reach US$ 6.1 billion by 2032, growing at a CAGR of 8.9% during the forecast period 2025 – 2032. GSM modules, leveraging GSM technology, are critical for enabling cellular connectivity module functionalities, including voice, data, SMS, MMS, and location-based services.
The market growth is driven by the rising demand for GSM modules for IoT applications, advancements in 2G/3G/4G LTE modules, and the increasing adoption of connected devices in industries such as automotive, healthcare, agriculture, retail, and telecommunications. The proliferation of IoT modules and the global rollout of 4G and 5G networks further propel the GSM module market. North America holds a significant share, while Asia Pacific is expected to exhibit the fastest growth due to rapid industrialization and adoption of GSM communication chip technologies.