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Shipments of cellular M2M modules reached 96.0 million units in 2015
Gothenburg, Sweden – June 23, 2016: Berg
Insight estimates that global cellular M2M module shipments increased
by 19.4 percent in 2015 to a new record level of 96.0 million. A
somewhat higher growth rate is expected for 2016. Until 2020, shipments
of cellular M2M devices are forecasted to grow at a compound annual
growth rate (CAGR) of 21.7 percent to reach 256.0 million units. East
Asia, North America and Western Europe were the main geographical
markets in 2015, accounting for around 75 percent of the total demand.
The regions are similar in size measured by volume. Berg Insight
projects that the relationship in relative market shares between the
three regions will remain relatively stable in the coming five years.
The latest 3GPP standards for LTE – Cat 1, Cat M1, and Cat M2 – will
contribute substantially to growth in the next coming five years. These
new standards are designed to be less complex to limit power
consumption and are priced more favorabl! y to address the mass market
and make it viable to connect entirely new applications.
The results of Berg Insight’s latest cellular M2M module vendor market share assessment show that the three largest module vendors have 72 percent of the market in terms of revenues. “Annual module revenues for the three largest market players Sierra Wireless, Gemalto and Telit increased by 12.5 percent to US$ 1.12 billion, with the total market value reaching approximately US$ 1.6 billion,” says Johan Fagerberg, CEO at Sweden-based M2M/IoT analyst firm Berg Insight. Sierra Wireless leads M2M module revenues, followed by Telit and Gemalto. SIMCom Wireless leads in shipments for the first time in 2015, but is only in fourth place in terms of revenues.
Download report brochure: The Global M2M/IoT Communications Market
About Berg Insight
Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 850 clients in 70 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.
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