The increasing demand for remote monitoring & control, government initiatives, launch of 3G networks and reducing human efforts are the few factors that have spurred the Indian M2M modules market. The Indian M2M modules market is dominated by short range M2M modules but cellular and satellite M2M modules have relatively higher CAGR of 35.32% and 34.44%, respectively from 2011-2016. market research reports
According to 6Wresearch, India M2M modules market is expected to generate $98.38 million by 2016, with an estimated CAGR of 33.81% from 2011-2016. In 2011, short range M2M modules have accounted for 49.48% of the market share in the overall M2M modules market; while on the other hand cellular M2M modules generated $9.15 million in 2011 and are expected to reach $41.54 million by 2016; also satellite M2M modules generated $2.43 million in 2011 and are expected to reach $10.67 million by 2016.
In application market, automotive, transport & logistics application accounts for 75.9% of the market share in the overall modules market. However, applications such as utilities and security are expected to grow with relatively higher CAGR of 38.12% and 35.24%, respectively for the same period.
List of Figures FIGURE 1 Machine to Machine Modules, By Types 13 FIGURE 2 Industry life cycle: By M2M Modules 16 FIGURE 3 Mark-tunity Matrix 18 FIGURE 4 Market share (2010), by modules type 19 FIGURE 5 Market share (2010), by Unit Shipments 20 FIGURE 6 Market share (2010), by Applications 21 FIGURE 7 Impact of key market parameters 23 FIGURE 8 Indian Short Range m2m modules, market Revenue 2009-2016 ($million) 27 FIGURE 9 Indian Short Range m2m modules, Unit shipments 2009-2016 (million) 28 FIGURE 10 Indian cellular m2m modules, market Revenue 2009-2016 ($million) 32