Cellular M2M Module Market by Technology, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71868
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The cellular M2M module market share is expected to increase by USD 2.24 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9.01%.

This cellular M2M module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cellular M2M module market segmentation by technology (4G, 3G, 2G, and CDMA), application (smart utilities, home appliances and consumer electronics, manufacturing, and others), and geography (North America, Europe, APAC, South America, and MEA). The cellular M2M module market report also offers information on several market vendors, including AT and T Inc., Deutsche Telekom AG, Huawei Investment and Holding Co. Ltd., Novotech Technologies Inc., Quectel Wireless Solutions Co. Ltd., Sierra Wireless Inc., Sunsea AIoT Technology Co. Ltd., Telit Communications Plc, Thales Group, and Verizon Communications Inc. among others.

What will the Cellular M2M Module Market Size be During the Forecast Period?

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Cellular M2M Module Market: Key Drivers and Challenges

The use of M2M technology for remote patient monitoring is notably driving the cellular M2M module market growth, although factors such as growing privacy and security concerns may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cellular M2M module industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cellular M2M Module Market Driver

The healthcare sector is one of the major end-users of cellular M2M modules. The aging population, high life expectancy, and increase in the number of individuals with chronic disorders are increasing the scope of the cellular M2M module market. Cellular M2M communications enable data transmission for monitoring individuals with various conditions, including apnea, cardiac arrest, and diabetes. Cellular M2M patient monitoring devices need to be embedded with M2M modules or should be connected to an external M2M modem. M2M healthcare applications help experts reach out to patients from anywhere in the world. M2M technology provides remote patient monitoring solutions for providing diagnosis accuracy, ensuring tracking, and monitoring patients. Numerous vendors offer both modules and modem-based solutions. M2M cellular modules offer the most reliable and flexible CDMA, GSM, and LTE M2M solutions for healthcare providers. Operators and technology providers provide end-to-end M2M solutions for even the most demanding customers. 

Key Cellular M2M Module Market Challenge

A major factor driving the adoption of M2M modules and M2M connected devices among individual consumers and enterprises is security concerns. The highest security standards are required for connecting physical and digital spheres to minimize the impact of cybersecurity attacks. This is a big negating factor in the marketplace as most individuals lack assurance and are not confident about integrating such technologies into their devices. In the US, hacking smart meters within an energy grid can result in major blackouts. IoT devices can also be hacked to steal sensitive information.  As more devices are connected to the Internet, there will be a higher probability of data being stolen and misused by cybercriminals to commit fraud or blackmail. Thus, it is important for users to become aware of the vulnerability of devices connected to the Internet before the large-scale commercialization of IoT devices. Hence, the growing privacy and security concerns are likely to affect the sales of IoT devices. This decrease in sales will affect the demand for cellular M2M modules for IoT devices. 

This cellular M2M module market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Cellular M2M Module Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AT and T Inc.
  • Deutsche Telekom AG
  • Huawei Investment and Holding Co. Ltd.
  • Novotech Technologies Inc.
  • Quectel Wireless Solutions Co. Ltd.
  • Sierra Wireless Inc.
  • Sunsea AIoT Technology Co. Ltd.
  • Telit Communications Plc
  • Thales Group
  • Verizon Communications Inc.

 

This statistical study of the cellular M2M module market encompasses successful business strategies deployed by the key vendors. The cellular M2M module market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cellular M2M module market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Cellular M2M Module Market?

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41% of the market’s growth will originate from North America during the forecast period. The US is a key market for cellular M2M modules in North America. Market growth in North America will be faster than the growth of the market in other regions.

The presence of leading players and increasing R&D will facilitate the cellular M2M module market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Cellular M2M Module Market?

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The cellular M2M module market share growth by the 4G segment will be significant during the forecast period. A major driver for the growth of 4G modules is the increasing demand for long-range connectivity solutions. They enable the transfer of information from one device to another over long distances. These solutions are extremely useful in cases where the device is located in an inaccessible region. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the cellular M2M module market size and actionable market insights on post COVID-19 impact on each segment.

 

Cellular M2M Module Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.01%

Market growth 2021-2025

$ 2.24 billion

Market structure

Fragmented

YoY growth (%)

7.89

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 41%

Key consumer countries

US, China, Germany, France, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AT and T Inc., Deutsche Telekom AG, Huawei Investment and Holding Co. Ltd., Novotech Technologies Inc., Quectel Wireless Solutions Co. Ltd., Sierra Wireless Inc., Sunsea AIoT Technology Co. Ltd., Telit Communications Plc, Thales Group, and Verizon Communications Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Cellular M2M Module Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cellular M2M module market growth during the next five years
  • Precise estimation of the cellular M2M module market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cellular M2M module industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cellular M2M module market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Smart utilities - Market size and forecast 2020-2025
    • Home appliances and consumer electronics - Market size and forecast 2020-2025
    • Manufacturing - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • 4G - Market size and forecast 2020-2025
    • 3G - Market size and forecast 2020-2025
    • 2G - Market size and forecast 2020-2025
    • CDMA - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AT and T Inc.
      • Deutsche Telekom AG
      • Huawei Investment and Holding Co. Ltd.
      • Novotech Technologies Inc.
      • Quectel Wireless Solutions Co. Ltd.
      • Sierra Wireless Inc.
      • Sunsea AIoT Technology Co. Ltd.
      • Telit Communications Plc
      • Thales Group
      • Verizon Communications Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The cellular m2m module market growth will increase by $2237.39 million during 2020-2025.
      The cellular m2m module market is expected to grow at a CAGR of 9.01% during 2020-2025.
      Technavio has segmented the cellular m2m module market by technology (4G, 3G, 2G, CDMA, 4G, 3G, 2G, and CDMA) and application (Smart utilities, Home appliances and consumer electronics, Manufacturing, and Others).
      AT and T Inc., Deutsche Telekom AG, Huawei Investment and Holding Co. Ltd., Novotech Technologies Inc., Quectel Wireless Solutions Co. Ltd., Sierra Wireless Inc., Sunsea AIoT Technology Co. Ltd., Telit Communications Plc, Thales Group, Verizon Communications Inc. are a few of the key vendors in the cellular m2m module market.
      North America will register the highest growth rate of 41.18% among the other regions. Therefore, the cellular m2m module market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the cellular m2m module market growth are:
      • Use of M2M technology for remote patient monitoring
      The cellular m2m module market vendors should focus on grabbing business opportunities from the 4g segment as it accounted for the largest market share in the base year.
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