Rising take-up in the automotive, consumer electronics and utilities sectors will drive a 13% annual increase in global M2M revenues, to €40 billion ($54.5 billion), between now and 2017, according to new research from IDATE.
The market-research company also expects to see the number of M2M modules in use grow by 30% over the same period, rising from 175 million in 2013 to 470 million in 2017.
Europe is expected to be the largest market in terms of revenues, although the Asia-Pacific will dominate when it comes to volumes.
Makers of wearable technologies are expected to sell 10 million units of smart glasses, fitness bands and watches globally in 2014, and generate about $3 billion in revenues, according to Deloitte.
The advisory company says a number of trends will spur the take-up of wearable technologies, including the ageing of many countries’ populations, widening cellular connectivity and the introduction of telemedicine.
M2M players will become more specialized in 2014, focusing on a particular part of the value chain instead of trying to be all things to potential customers.
That is one of the headline predictions about the M2M market this year by Machina Research, which says M2M companies will stop spreading themselves so thinly in 2014 just as smaller mobile network operators begin to assert their position in the M2M market.
Module maker Telit has teamed up with Parsec Technologies to create what they call “the world’s lowest-profile companion solution for GPS receiver and antenna”.
The organizations say the components can be made to fit a 6x16x8mm space – making the product suitable for a wide variety of uses.
Both companies say they are making available complete application notes to simplify the engineering effort for system integrators.
Fleet management specialist Trimble is to supply logistics solutions to the Hindustan Petroleum Corporation Limited (HPCL) to aid the transportation of finished products to locations across India.
HPCL will use Trimble’s (Sunnyvale, CA, USA) Fleet Management and Visual Cargo service in its outbound logistics fleet, according to a company statement.
Dutch navigation company TomTom has revealed that its fleet-management business grew by 38% in 2013 to serve a total of 330,000 connected vehicles.
Fleet-management services are now used by some 27,000 customers in more than 60 countries worldwide, according to the technology player.
“This year-on-year growth reflects our ongoing success in bringing to market products that offer significant value to companies operating vehicle fleets,” said Thomas Schmidt, the managing director of TomTom Business Solutions, which is responsible for the range of fleet-management services.
Cloud services player iGen Networks has signed a licensing deal with GPS Holdings it says will allow it to provide a broad range of M2M solutions in the global fleet-management sector.
GPS Holdings (Boca Raton, FL, USA) currently supports more than 50,000 commercial trucking and automotive assets, according to iGen (Alexandria, VA, USA), which says the agreement will allow it to enter new vertical markets without having to spend years on developing the requisite software.
Australian M2M device maker M2M Connectivity has taken the wraps off a new satellite data modem aimed at the asset-tracking market.
Its Quake Q-Pro modem is designed to support tracking and data services on cellular and satellite technology, and operates on the Inmarsat-4 satellite constellation.
M2M Connectivity (Melbourne, Australia) says the Quake Q-Pro modem will support two-way data messaging over Inmarsat’s (London, UK) IsatData Pro network and using terrestrial cellular technology.
M2M player Camgian Microsystems has closed a contract with recycling services company FCC Environmental and tire retailer Gateway Tire to support centrally managed tracking, forecasting, collection and accounting of used oil materials across a number of automotive retail locations.
The Quantus-branded solution uses low-power, cellular-based sensors that feed information about fluid inventory and associated data analytics from 56 Gateway (Batesville, MS, USA) locations across seven states.
The new Mercedes-Benz C-Class has cameras that can read road signs and sensors to judge distance to the car in front, but is not yet able to make full use of the hardware.
What may sound like a shortcoming is in fact a deliberate strategy by manufacturer Daimler (Stuttgart, Germany), and a sign of things to come for the global luxury car industry.