December 3, 2023

Technology Development

Technology Development, TheBest You Can Get!

Wireless Communication Module Shipments, Key Products and Financial Conditions, Future Product Development Strategy

DUBLIN, June 10, 2022 /PRNewswire/ — The “Development of the Leading Chinese IoT Module Supplier: Neoway Technology” report has been added to’s offering.

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Founded in 2006, Neoway Technology is one of the leading Chinese wireless communication module suppliers for IoT (Internet of Things) applications with products covering from IoT wireless communication modules to in-vehicle diagnostics systems. For years, its wireless communication modules have dominated China’s smart grid bidding market.

The company also works with European and US telecom operators as well as car part suppliers on in-vehicle diagnostics systems. While badly hit by the COVID-19 in 2020, Neoway expects the next leg of growth on replacement demand for three major energy meters in China and the continued growth of V2X (Vehicle to Everything) products overseas.

List of Topics

  • Development of Neoway Technology, touching on its shipment and revenue performance as well as financial conditions for the period 2016-2021

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

  • Future product development strategies in the areas of smart grid, smart water meter, and smart gas meter

Key Topics Covered:

1. Neoway Technology’s Wireless Communication Module Shipments
1.1 Neoway Holds 4th Position in Wireless Communication Module Shipments in China

2. Key Products and Financial Conditions
2.1 Company History
2.1.1 Phase 1 (2006-2009): Develops technology
2.1.2 Phase 2 (2009-2015): Lays a Solid Foundation for its Leading Position in China’s Smart Grid Market
2.1.3 Phase 3 (2016-now): Extends to V2X and IIoT and to Pursue Product Diversification and Growth in Overseas Market
2.2 Key Products and Customers
2.3 Shareholders and Management
2.4 Financial Conditions
2.4.1 Revenue and Net Profit Growth Slows Down in 2020 for the First Time
2.4.2 Gross Profit Margin at 14.7%
2.4.3 Ramping Up Spending in Preparation for 5G

3. Future Product Development Strategy

3.1 Continuing to Develop the Smart Energy Market with its Leading Position
3.1.1 Smart Grid
3.1.2 Increased Adoption of NB-IoT in the Smart Water Meter and Smart Gas Meter Markets
3.2 Focusing on V2X Terminals as a New Growth Driver

4. Analyst’s Perspective

 Companies Mentioned

  • Alibaba

  • Arrow Asia Pac Limited

  • AT&T

  • Beijing Automotive Industry Holding

  • Beijing Yidianyuan Network Technology

  • CPON

  • Fibocom

  • Gansu Province Electric Power Investment Group

  • Genus Power Infrastructures

  • Gree Electric

  • Grupo Next

  • Harman

  • Intel

  • Media

  • MediaTek

  • Neoway Technology

  • Qualcomm

  • Quectel Wireless

  • Reliance

  • Samsung

  • Shenzhen Clou Electronics

  • Shenzhen Zhaoxin E-Tech

  • Sunsea AIoT Technology

  • Suzhou Fulei Electric Appliance

  • Telefonica

  • Vanke

  • VIVO

  • Wahlap Technology

  • Wahlee

  • Wasion Group

  • Yantai dongfang-Wisdom Electric

  • ZTE

For more information about this report visit

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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