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Cellular Machine-to-Machine (M2M) Modules - Global Market Trajectory & Analytics

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    Report

  • 347 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2255368

Global Cellular Machine-to-Machine (M2M) Modules Market to Reach $4.5 Billion by 2026


Cellular Machine-to-Machine (M2M) communication technology is a novel M2M communication model that allows wireless transmission of information between devices/machines over mobile networks. Over the years, continuous development of the telecom infrastructure has made cellular M2M connections more reliable, and affordable. Few of the several benefits of cellular M2M driving adoption rates include easy remote or mobile implementations, increased productivity, intelligent distribution of information where needed, real time, uninterrupted communication ability, 24/7 connectivity, and greater signal reliability and expanding bandwidth capacity in line with evolving fiber optic network and mobile network technologies. Technology developments including semiconductor innovation of M2M modules such as extended temperature capability for greater suitability for harsh environment applications; addition of geofencing and GPS capabilities, among others, are also helping fuel adoption rates. Higher data rates and lower monthly plan pricing for M2M applications, and bespoke offerings for various industry verticals, offered by cellular service providers will particularly emerge as the most influential driver of technology adoption and proliferation. Other major factors influencing growth include IPv6 standardization; explosion of connected devices; alliances between specialists in communication software and hardware, mobile operators and providers of analytics software for providing one-stop M2M solutions to end-users; decreasing cost of hardware and wireless bandwidth and increased availability of B2C and B2B applications.

Amid the COVID-19 crisis, the global market for Cellular Machine-to-Machine (M2M) Modules estimated at US$3 Billion in the year 2022, is projected to reach a revised size of US$4.5 Billion by 2026, growing at a CAGR of 8% over the analysis period. Fleet Management, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach US$1.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Security segment is readjusted to a revised 7.4% CAGR for the next 7-year period. Fleet management integrates GPS with M2M cellular technology to offer efficient services. Fleet management solutions deliver a host of functions, including vehicle management, driver management, mobile workforce management and transport management. Advanced M2M modules can be used in buildings, retail outlets and banks for security purposes such as real-time monitoring, alarm system monitoring, video analytics and video surveillance.

The U.S. Market is Estimated at $689.1 Million in 2022, While China is Forecast to Reach $483.4 Million by 2026


The Cellular Machine-to-Machine (M2M) Modules market in the U.S. is estimated at US$689.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$483.4 Million by the year 2026 trailing a CAGR of 10.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 7.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR. Europe and North America remain key centers for growth of mobile-M2M modules. In the coming years, fastest growth is anticipated to come from Asia-Pacific due to the presence of a varied, diverse and strong economic base capable of creating demand for classified M2M solutions.

Remote Monitoring & Control Segment to Reach $964.7 Million by 2026


Cellular M2M is used in agricultural and industrial sectors to remotely supervise maintenance work, which in turn minimize labor work. Some of the primary uses of M2M in the healthcare sector include remote monitoring of senior patients; remote monitoring of a patient from home settings; remote consultation; sending vital parameters of patients from ambulance to hospital; and rural medical assistance such as e-ICU. In the global Remote Monitoring & Control segment, USA, Canada, Japan, China and Europe will drive the 7.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$471.6 Million will reach a projected size of US$789 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$137.5 Million by the year 2026, while Latin America will expand at a 8.5% CAGR through the analysis period.

Select Competitors (Total 25 Featured):

  • Gemalto N.V.
  • Huawei Technologies Co., Ltd.
  • Kyocera Corporation
  • Neoway Technology Co. Ltd.
  • Sierra Wireless, Inc.
  • SIMCom Wireless Solution Co. Ltd.
  • Telit Communications PLC
  • u-blox
  • ZTE Corporation

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • An Introduction to Cellular Machine-To-Machine (M2M) Modules
  • Machine-to-Machine (M2M) Communication
  • Cellular Machine to Machine Module: A Brief Introduction
  • Brief Technology Overview
  • Primary Applications of Cellular M2M Technology
  • Fitting M2M in The Cellular Ecosystem
  • Cellular Machine-To-Machine (M2M) Modules: Current Market Scenario and Outlook
  • Recent Market Activity
  • World Cellular M2M Data Traffic: Annual Breakdown of Data Traffic (in Petabytes/Annum) for Years 2014, 2016, 2018, 2020, 2022 & 2024
  • Breakdown of Global Number of M2M Connections by Cellular Technology (in %) for the Years 2018, 2020, & 2022
  • Cellular Machine-to-Machine (M2M) Modules - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Evolving Telecom Infrastructure: The Foundation for Cellular M2M Communications
  • Growing Investments in New Generation Wireless Communication Platforms to Strengthen the Cellular M2M Market
  • Worldwide Wireless Infrastructure Investments (in US$ Million) for the Years 2018 & 2022
  • Wired Vs Wireless Links & the Threat Posed by Public IP and Private IP Connectivity Alternatives
  • Northbound Trajectory in M2M Sector Creates Highly Conducive Environment for Cellular M2M Technologies
  • Number of M2M Connections Worldwide (in Billion) for the Years 2017 through 2023
  • Emergence of Connected Enterprises Fuels Growth Opportunity for M2M in the Industrial/Commercial Sector
  • Robust Opportunities in the Offing for Wireless M2M Connections & Modules in the Sprawling Connected Enterprise Market: Global Connected Enterprise Market (In US$ Billion) for the Years 2017, 2022 and 2024
  • Focus on Intelligent Asset Management: The Cornerstone for the Growth of Cellular M2M in the Enterprise Sector
  • Intelligent Asset Management Industry Offers a Fertile Playing Ground for M2M Communication Technology: Global Enterprise Asset Management Market (In US$ Billion) for the Years 2017 & 2022
  • Rapid Adoption Among SMEs Worldwide Bodes Well for the Growth of the Cellular M2M Market
  • Large Scale Telematics Programs Drive M2M Deployments & Demand for M2M Modules
  • The Rise of the Connected Car Drives Demand for Connected Car M2M Services
  • Robust Investments in ITS Fuels M2M Intelligent Transport Systems & Traffic Telematics
  • Mandatory Telematics Regulations Lends Traction to In-Vehicle M2M Telematics Services
  • Rapidly Growing Automotive Telematics Market Provides a Gold Mine of Opportunities for Cellular M2M Connections: Global Telematics Market (In US$ Billion) for the Years 2017, 2022 & 2024
  • Rise of On-Demand Transport Services & Emphasis On Productivity Enhancement Make Fleet Management the Largest Telematics Based Services Sector for M2M
  • The Growing Opportunity in Fleet Management Bodes Well for Cellular M2M Technology & Its Ecosystem: Global Installed Base of Fleet Management Systems (In 000 Units) for the Years 2017, 2020 & 2022
  • The Rise of Smart Homes Drives Interest in Ubiquitous Automation Via M2M
  • Smart Home Penetration Rate (%) by Region/Country: 2020
  • Expanding Digital Lifescape to Incentivize Growth of Smart Home M2M Solutions: Global Adoption Rates (In %) of Consumer Smart Home Systems for the Years 2017 & 2022
  • Government Policy Led Migration to Smart Cities Spurs the Growth Potential of M2M
  • Connected Things in Smart Cities: Installed Base (in Million) by Segment for 2015 and 2019
  • Growing Value of Connectivity in Utility Operations Expands Opportunities for Cellular M2M
  • Growing Investments in Smart Grid Networks for Automation & Digital Communications Spur Opportunities for Cellular M2M: Global Investments in Advanced Metering Infrastructure (AMI) & Smart Grid (In US$ Billion) for Years 2017 & 2020
  • Sizing Cellular M2M Opportunities in the Smart Healthcare Industry
  • Medical Equipment Manufacturers Venturing into M2M-Enabled Devices
  • The Growing Smart Healthcare Ecosystem Bodes Well for the Future Role of Cellular M2M in e-Healthcare: Global Smart Healthcare Market (In US$ Billion) for the Years 2017 & 2022
  • Investments in Industrial Automation Speeds Up Cellular M2M Deployments
  • Fast Evolving Role of Industry 4.0 to Benefit Market Expansion
  • Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
  • M2M-enabled Devices Gain Acceptance for Electronic Payments
  • Electronic Security Applications to Boost Revenue for Cellular M2M Market
  • Government Intervention Bodes Well for the Market
  • Resolving Prevailing Issues & Challenges: Critical for Future Success of the Market
  • Security: The Most Important Issue Requiring Immediate Resolution
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • M2M Market to Experience Noticeable Gains
  • M2M Communication Seeks Role in the Thriving Fleet Telematics Domain
  • Budding Demand for Specialized Service Providers
CANADA
JAPAN
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • China Leverages the Huge M2M and IoT Opportunity
  • Government Support Key for Chinese M2M Market Growth
  • Industry Participants Sweat it Out to Create a Robust M2M Market Space
  • Transport; The Key Sector
  • Fragmented M2M Ecosystem: A Key Challenge for the Chinese M2M Industry
  • Need for Standardization
  • Future Course of Action
EUROPE
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • The eCall Regulation Bodes Potential
  • Surge in Demand for Telematics Fitted Commercial Vehicles
  • M2M Regulatory Mandates in the EU
FRANCE
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Cellular M2M Market Gets Major Boost from Smart City and Smart Grid Initiatives
  • M2M Finds Increasing Applications in End-Use Sectors
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Market Overview
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Cellular Machine-to-Machine (M2M) Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 25

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Gemalto N.V.
  • Huawei Technologies Co., Ltd.
  • Kyocera Corporation
  • Neoway Technology Co. Ltd.
  • Sierra Wireless, Inc.
  • SIMCom Wireless Solution Co. Ltd.
  • Telit Communications PLC
  • u-blox
  • ZTE Corporation