Global cellular internet of things (IoT) module shipments grew by only 2 per cent (on-year) in Q3 2022, as China led the market followed by North America and Europe. According to a report by Counterpoint Research, China's shipments decreased 8 per cent (YoY) in Q3 due to a resurgence of Covid-19 cases.Automotive, router/CPE, PC, industrial and point of sale (POS) were the top five applications in terms of value in Q3.