Posted On: 2018-01-01
Global cellular M2M modules market is experiencing neck to neck competition in its market landscape. In last two years, the market saw several acquisitions; Telit acquiring Motorola, Gemalto acquiring Cinterion, etc., has dramatically changed the competitiveness of entire section of the market. The fight to retain top market rankings has intensified to a larger extent in the recent times.
According to 6Wresearch, Global cellular M2M modules market is expected to reach $2,324.7 million and 145.3 million units by 2017, with a CAGR of 17.3% and 22.9% from 2012-2017, respectively.
Gemalto, Telit, Sierra Wireless, SimCom, Novatel Wireless, Sagemcom, u-Blox, Huawei and others are the key contributing players of this market. Gemalto leads the cellular M2M modules market in-terms of unit shipments whereas Sierra Wireless leads the market in-terms of market revenues.
Though, Sierra and Gemalto occupy’s major share of the market, but we expect that in coming five years Telit would emerge as a market leader both in-terms of market revenues and unit shipments. Telit, which currently holds 19.7% of the market share, is expected to emerge as a market leader (unit shipments) by end of FY 2013. Amongst all module vendors, Telit is the fastest growing vendor that has registered a growth of 34.7% in last financial year. Competitive product pricing, targeting more on developing countries such as India and organizing mass awareness programs are the factors that have led for its market growth. Telit’s product portfolio, catering to serve different vertical markets such as automotive, transport & logistics, utilities, security, healthcare, etc., is also likely to spur its market growth.