Worldwide shipments of cellular M2M modules are expected to reach 100 million units by 2015, according to a new report from ABI Research.
The company has based its optimistic forecast on shipment data from 2012, showing that cellular module revenues grew by 21% year on year.
“Module suppliers’ 2013 view of the market is cautiously optimistic to very optimistic,” said practice director Dan Shey. “Suppliers with a larger M2M cellular module end-use footprint in Europe are more reserved while those less exposed to Europe are expecting to grab world market share.”
ABI Research expects North America to increase its share of the module market this year – in terms of both revenues and shipments – but says the biggest gains will come in Latin America, the Middle East and Africa, with telematics applications driving most of the take-up.
Despite the lingering recession in Europe, shipments of 2G modules will continue to grow in Europe, although price competition is expected to increase as module makers based in the Asia-Pacific look to grab market share.
Among these, SimCom (Shanghai, China) already has a strong European base, according to ABI Research, while Huawei (Shenzhen, China) is investing significantly in European distribution partnerships.