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From Jan. 17th to 19th, the 31st Indian Convergence Communications Expo (hereinafter referred to as Convergence) took place in New Delhi, marking a significant event in India's telecommunications transformation. Drawing over 50,000 visitors from 40 countries, it showcased the latest in global communication technologies and innovative solutions.
Neoway Technology once again made a notable appearance at the Convergence event, showcasing its world-leading and reliable IoT communication solutions. The company demonstrated the latest applications of its IoT modules across various sectors, including smart energy, connected vehicles, smart payment, and industrial monitoring. In addition to this, Neoway Technology also exhibited its professional Original Design Manufacturing (ODM) experience and services.
With the continuous advancement and broadening application of IoT technology, the IoT industry will usher in greater development opportunities. As per IoT Analytics, the quantity of worldwide IoT connections is projected to surge by 121% by 2025, compared to 2021, exhibiting a Compound Annual Growth Rate (CAGR) of 22% from 2021 to 2025. Moreover, according to the latest report from Counterpoint, India was the only region to achieve positive growth in the global cellular IoT module market during the third quarter of 2023.
Having been dedicated to the Indian IoT market for many years, Neoway Technology has successfully secured the leading position in India's power IoT market. The company has consistently led the electric two-wheeler industry, providing excellent products and efficient services to customers in India and across the globe. Neoway's efforts have significantly contributed to the rapid development of end-to-end network connectivity, application intelligence, and industrial digitization.
Leading Continuously in India's Power IoT Market
Neoway Technology has held a leading position in China's power IoT industry for 15 consecutive years. The company has also made significant strides in India's power market, where it was one of the earliest entrants and has the longest period of cultivation. Since the 2G era, Neoway Technology has been deeply involved in India's energy market. Subsequently, it introduced 3G, NB-IoT/GPRS dual-mode, LTE Cat.1, and other IoT modules to the Indian power IoT market. Neoway has continually provided globally leading, reliable access communication solutions for intelligent and digital transformation in power generation, transmission, distribution, and consumption in India, leading a significant upgrade in communication technology within India's power IoT sector.
Currently, several of Neoway Technology's IoT products have been successfully applied the energy terminal devices of top-tier customers overseas. These devices include energy meters, energy gateways, charging stations, photovoltaic equipment, and more.
Empowering India's Intelligent Development in New Energy Vehicles
India, as the third-largest automotive market in the world, holds significant potential for growth. The latest Canalys research reveals that in the first half of 2023, India's light vehicle market experienced a 9.8% increase, reaching 2 million units, compared to the same period in the previous year. Electric vehicles (EVs) occupied 2.4% of the Indian market share and the market grew by a phenomenal 137% year on year with 48,000 EVs sold.
At the Convergence event, Neoway Technology showcased a variety of IoT modules and application cases that are suitable for both two-wheeler and four-wheeler terminal products. Among the displayed products were Neoway's LTE Cat.1 module N58 and LTE Cat.4 modules N75, N77, N723, N725. These IoT modules are ideal for a range of automotive premarket and aftermarket terminals including T-BOX, smart antennas, trackers, OBD, dashcams, DVRs, smart dashboards, on-board charging piles, BMS, and more. These modules cater to a variety of application needs such as driving records, vehicle condition monitoring, smart navigation, vehicle positioning, and automotive finance.
With the implementation of the 'oil-to-electric' policy in India and other Southeast Asian countries, it is anticipated that electric two-wheelers will open up a significant incremental market. In collaboration with renowned Indian manufacturers of electric two-wheelers, Neoway technology is facilitating the intelligent upgrade of these vehicles by providing advanced and reliable smart modules. Moreover, Neoway's LTE Cat.1 module N58 has been successfully applied in two-wheeler Electronic Control Units (ECUs), trackers, and other terminals. This application allows for efficient vehicle management through the positioning and playback of driving trajectories, which has led to a significant reduction in theft rates, thereby ensuring the protection of users' property.
In the electric two-wheeler market in India, one of the significant challenges is the lack of charging infrastructure. Neoway Technology is addressing this issue by applying its LTE Cat.1 module N58, N706, and other IoT modules to two-wheeler charging stations. These IoT modules enable network connectivity for charging devices, allowing for real-time remote monitoring of vehicle's charging status and viewing of charging fault warnings. This technology not only reduces safety risks but also enhances convenience and security, making a significant contribution to the development of India's electric two-wheeler market.
Accelerating the Implementation of Smart Payment Applications
As Neoway Technology's smart payment applications go global, it's cloud speakers such as T916, are providing reliable connectivity for every transaction. The T916 cloud speaker, which connects to backend system and mobile apps via an LTE cellular network or Wi-Fi, facilitates timely cash register announcements. This makes it an ideal solution for various types of shops that require scan code payments, thereby making merchant transactions both convenient and worry-free.
Providing Professional ODM Services with Rich Experience
In response to diverse needs of customers for IoT products and solutions, Neoway Technology offers more than just module products. The company cater to the specific demands of industry clients by providing end-to-end, one-stop ODM services. These services encompass software and hardware development, industrial and structural design, testing and certification, as well as procurement and production. Neoway Technology developed tailored products and solutions according to each customer's terminal product requirements. Leveraging its robust R&D capabilities and extensive supply chain resources, Neoway can deliver comprehensive and high-quality ODM services. The company can also assemble specialized project development teams to rapidly respond to customer needs. These teams offer timely, attentive, and professional services for the customization of exclusive IoT terminal products and solutions.
With over 9 years of experience in ODM services for terminal products, Neoway has supplied more than 5 million units of its ODM products to multiple countries worldwide. The product range includes Mobile Broadband (MBB), On-Board Diagnostics (OBD), Telematics Control Unit (TCU), Data Terminal Unit (DTU), emergency vehicle lights, cloud speakers, and various Printed Circuit Board Assembly (PCBA) solutions. As an ODM service provider, Neoway has catered global customers with ODM and supporting services for a series of connected vehicle terminals including OBD, TCU, Dashcam, Tracker, and more. These products have passed tests and certifications from AT&T, T-Mobile, and automobile manufacturers like Audi, Nissan, FCA, Skoda, etc.
Neoway Technology will continue to work collaboratively with partners across the supply chain, expanding into international markets. With our professional technical capabilities and localized efficient services, we aim to serve customers globally, contributing to the development of the worldwide IoT industry, and making human life more eco-friendly, efficient, and convenient.
