M2M Module Market Expected to Nearly Double to $2.9 Billion by 2018
Published on: 22nd May 2014
Note -- this news article is more than a year old.
For the full year 2013, the global mobile machine to machine (M2M) module market totaled $1.4 billion, up 6% from the previous year, according to Infonetics Research. Of that, 2G remains a key foundation, comprising the majority of units shipped in 2013.
However, with the shift toward broadband technologies, Infonetics expects 3G to grow to 67% of mobile M2M module revenue by 2018.
North America and Europe are the key centers of mobile M2M module growth, but buoyed by significant investments in China, Japan, South Korea, and Singapore, Asia Pacific is catching up and is expected to account for a third of total revenue by 2018
Sierra Wireless, Gemalto/Cinterion, and Telit dominate the M2M module space, together accounting for nearly two-thirds of total market revenue, with a combined total of almost a billion dollars in module sales
"The services built upon mobile machine-to-machine (M2M) modules, such
as fleet management and connected car, are already a sizeable business and are
growing much faster than traditional business lines. We look for the market to
accelerate beginning in 2015 as M2M services inflect and module sales shift
toward higher-ARPU 3G and 4G systems, ultimately just about doubling to
$2.9 billion in 2018," notes Godfrey Chua, directing analyst for M2M and The Internet of Things at Infonetics Research.