M2M module market to triple by 2018, says Infonetics
January 21, 2015
The global M2M module market is set to grow nearly three-fold to US$4.5bn by 2018, according to a report from Infonetics Research.
“Machine-to-machine and the internet of things are transforming industries and creating tremendous opportunities for mobile M2M module vendors around the world,” said John Byrne, directing analyst for M2M and IoT at Infonetics Research. “The market will account for $1.6bn in sales this year, driven by M2M services reported by customers of tier one mobile operators. Infonetics is forecasting the global mobile M2M module market to accelerate more noticeably in 2015, and ultimately to nearly triple to $4.5bn by 2018.”
M2M module unit shipments are dominated by 2G today, but soon 3G will rule the revenue opportunity with the shift towards broadband technologies, and 4G will emerge as the fastest-growing technology segment in terms of percentage of units, says the report.
Geographically, Asia Pacific is growing most quickly, buoyed by the tremendous investments being made in China. The transport segment is the largest and most important vertical sector, driven by connected car deployments.
Spurred on by regulatory smart grid investments, the utility segment is seeing strong growth that is expected to continue through at least 2018, as European and Asian countries scurry to meet government mandates.
Gemalto/Cinterion, Sierra Wirelessand Telit continue to dominate the M2M module market, together accounting for nearly two thirds of total market revenue.
The report provides worldwide and regional market size, market share, forecasts, analysis, and trends for mobile M2M modules by technology and verticals. It includes a customer wins tracker with updates on activity by equipment manufacturers.