The IoT market for RedCap 5G modules is expected to grow significantly in the coming years, driven by applications such as remote monitoring, video surveillance, and fixed wireless terminals. ABI Research predicts that around 50 million RedCap shipments will be made between 2024 and 2029, with a total market of 86.2 million units. RedCap offers comparable performance to LTE Cat-4 and Cat-6, making it a popular choice for mid-range IoT devices. In addition to FWA terminals and IP cameras, there is also interest in RedCap from automotive manufacturers for entry-level vehicles. The arrival of RedCap chipsets in 2026 is expected to drive further growth in the market.
