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Shipments of Cellular M2M Terminals to Reach Nearly 14 Million by 2022
January 2, 2018 | Business WireEstimated reading time: 1 minute
According to a major survey conducted among all the M2M terminal vendors, it has been found that the global cellular M2M terminal market performed well in 2016, showing growth in all major world regions and vertical markets. Shipments of cellular M2M terminals are estimated to grow from 4.9 million units in 2016 at a compound annual growth rate (CAGR) of 18.8% to reach 13.7 million units in 2022. The report also includes vendor market shares and market forecasts for the M2M module market.
In terms of revenues, the Americas is a considerably larger market than Asia Pacific and Europe with an estimated US$ 350 million in revenues compared to US$ 260 million and US$ 245 million respectively. Average terminal prices in North America have increased as a result of a high share of 4G LTE routers and gateways in the product mix.
The M2M terminal vendor landscape is more fragmented than the M2M module market. Two M2M terminal vendors have a global market share of more than 10% each. China-based SIMCom is ranked as the market leader with US$ 181 million in revenues from sales of approximately 1.7 million terminals.
US based Cradlepoint is the second largest provider with an estimated US$ 115 million in revenues from terminal sales. Top players further include Sierra Wireless and Digi International which generated US$ 72 million and US$ 47 million respectively from their terminal businesses. These four vendors held a combined market share of close to 50% in 2016.
The Global M2M/IoT Terminal Market is the second consecutive strategy report analysing the latest developments on the cellular router, gateway and modem market. This strategic research report provides you with more than 110 pages of unique business intelligence including 5 years industry forecasts and expert commentary on which to base your business decisions.
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