By Telecom Lead Team: Global wireless machine to machine
modules market will grow at a CAGR of 52.9 percent over the period 2010 -2014.
One of the key factors driving this market, according to
Research and Markets, is the use of telematics in government regulations.
Several governments and supervisory organizations across all geographies are
bringing in regulations that direct functionality of the type enabled by M2M.
While guidelines rarely need a definite technology to be
used, M2M is often seen as the most beneficial way of enabling advanced
metering infrastructure (AMI) and telematics directives.
The European Commission is endorsing a Europe-wide
telematics initiative so that all new vehicles sold in Europe by 2013 will be
using an amalgamation of global positioning system (GPS), sensors and wireless
communications.
Global wireless machine to machine market has also
witnessed a decrease in the average selling price. However, limited knowledge
and experience of M2M could pose a challenge to the growth of this market.
The report, prepared by TechNavio, highlights Sierra
Wireless, Cinterion Wireless Modules, SIMCom Wireless Solutions, Telit Wireless
Solutions as the vendors dominating this market space.
According to the report, despite the consistent rise in
total unit volumes, there is a dip in total industry revenue, which is in
contrast to the upward momentum in revenue observed in 2009 as the market
recovered from the 2008 lows.
Despite the total unit volume growing consistently in
2010, there was a steep dip in average selling price (ASP), which led to
overall decline in revenue, the report said.
