India Machine-to-Machine Modules Market is Expected to Register a 6.10% CAGR Through 2030
Government Initiatives & Policies Supporting
Automation & Connectivity and Increase in Industrial Automation &
Demand for Real-Time Data are likely to propel the market during the
forecast period.
According to
TechSci Research report, “India Machine-to-Machine Modules Market – By
Region, Competition, Forecast and Opportunities, 2020-2030F”, India Machine-to-Machine Modules Market was
valued at USD 2.88 Billion in 2024 and is expected to reach USD 4.15 Billion by
2030 with a CAGR of 6.10% during the forecast period.
The increasing adoption of
the Internet of Things (IoT) technology across multiple sectors is one of the
primary drivers of the Machine-to-Machine (M2M) modules market in India. IoT
enables devices to communicate and share data autonomously, transforming
industries such as manufacturing, healthcare, agriculture, and smart cities.
M2M modules act as the key enabler of IoT systems by providing the necessary
hardware and communication interfaces that facilitate machine-to-machine
communication.
As industries in India
increasingly adopt IoT to improve operational efficiency, enhance productivity,
and reduce costs, the demand for M2M modules continues to grow. For instance,
in the manufacturing sector, IoT-based M2M solutions allow for real-time monitoring
of machines and equipment, predictive maintenance, and automation of production
lines. In agriculture, IoT-enabled sensors and M2M modules help monitor soil
conditions, water levels, and crop health, enabling farmers to make informed
decisions. Similarly, the healthcare sector benefits from IoT-based M2M systems
through remote patient monitoring, health tracking, and automated diagnostics.
The government of India has also been
encouraging the growth of IoT through various initiatives, such as the Smart
Cities Mission and Digital India program. These initiatives aim to improve
urban infrastructure, healthcare, energy efficiency, and transportation, all of
which rely heavily on M2M communication. As IoT solutions continue to evolve
and become more integral to daily operations across industries, the demand for
M2M modules is expected to see sustained growth, making IoT adoption a
significant driver of the Indian M2M modules market
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Based
on End User, automotive held the largest market share in 2024. The automotive sector is a dominant segment in
the India Machine-to-Machine (M2M) modules market due to the increasing
adoption of connected vehicle technologies, the demand for real-time data, and
the push toward automation in transportation. M2M modules enable vehicles to
communicate with each other and with external systems, enhancing driver
experience, safety, and operational efficiency.
One
of the key drivers of M2M adoption in the automotive sector is the rise of
connected cars. These vehicles use M2M modules to enable various features,
including GPS navigation, real-time traffic updates, telematics, and
infotainment systems. By integrating M2M technology, connected vehicles can
communicate with other vehicles (V2V) and infrastructure (V2I), contributing to
improved road safety and traffic management. Additionally, M2M modules in
automotive applications allow for remote diagnostics, enabling manufacturers
and service providers to monitor vehicle performance and predict maintenance
needs. This reduces downtime and enhances the customer experience by addressing
potential issues before they become major problems.
Another
important factor driving M2M technology in the automotive industry is the
growing demand for electric vehicles (EVs) and the development of autonomous
vehicles. M2M modules play a crucial role in EVs by providing real-time
monitoring of battery health, charging status, and energy consumption. In
autonomous vehicles, M2M modules enable constant communication between sensors,
control systems, and external infrastructure, ensuring safe and efficient
operation.
The
Indian government’s push for smart mobility and sustainability through policies
like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles
(FAME) scheme further supports the growth of M2M technology in the automotive
sector. The increasing focus on reducing carbon emissions and improving fuel
efficiency is driving the adoption of advanced M2M-based technologies in
India’s automotive industry. As a result, the automotive sector remains a
dominant force in the country’s M2M modules market, with significant growth
expected in the coming years.
Based
on region, North India is the fastest-growing region in the India Machine-to-Machine
(M2M) modules market due to a combination of economic, technological, and
infrastructural factors. The region, which includes key states like Delhi,
Haryana, Punjab, Uttar Pradesh, and Rajasthan, has experienced significant
industrial and technological advancements, driving the demand for M2M
solutions.
One
of the primary factors contributing to this growth is the region’s industrial
base. North India is home to a diverse range of industries, including
manufacturing, agriculture, logistics, and automotive, all of which
increasingly rely on M2M technologies for automation, real-time monitoring, and
data-driven decision-making. For instance, the manufacturing hubs in Haryana
and Punjab are embracing Industry 4.0 solutions, which depend on M2M modules
for smart factory automation and predictive maintenance.
In
agriculture, North India has vast agricultural land, and M2M solutions are
being adopted to optimize irrigation, monitor soil conditions, and improve crop
yields. The rise of precision farming in states like Punjab and Uttar Pradesh
is contributing to the demand for M2M modules to support IoT-enabled farming
solutions. Additionally, government initiatives such as the National Mission
for Sustainable Agriculture (NMSA) and Pradhan Mantri Krishi Sinchayee Yojana
(PMKSY) are encouraging the use of technology in farming, further driving M2M
adoption.
The
expansion of smart city projects in North India, particularly in cities like
Delhi, Noida, and Chandigarh, is another significant factor driving M2M market
growth. These projects focus on improving urban infrastructure, such as traffic
management, waste management, and energy efficiency, through IoT and M2M
technologies. The government’s Smart Cities Mission and Digital India program
are accelerating this shift, offering a favorable environment for M2M
solutions. Additionally, the rapid rollout of 4G and upcoming 5G networks in
North India is enhancing wireless connectivity, making it easier to deploy M2M
solutions across urban and rural areas. Together, these factors position North
India as a rapidly expanding region in the M2M modules market.
Major companies
operating in the India Machine-to-Machine Modules Market are:
- Qualcomm
Incorporated
- Huawei
Technologies Co., Ltd.
- Semtech
Corporation
- Intel
Corporation
- Zebra
Technologies Corporation
- Nordic
Semiconductor ASA
- NXP
Semiconductors N.V.
- Huawei
Technologies Co., Ltd.
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“The India Machine-to-Machine (M2M)
modules market presents significant growth opportunities driven by the
increasing adoption of IoT, industrial automation, and smart city initiatives.
With sectors such as manufacturing, agriculture, healthcare, and logistics embracing
automation, there is a rising demand for M2M solutions to enable real-time data
exchange, remote monitoring, and enhanced efficiency. The rollout of 5G
networks, coupled with government initiatives like Digital India and Make in
India, further strengthens the market potential. As industries continue to
modernize and seek smarter, data-driven solutions, the M2M modules market in
India is poised for substantial growth.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global management
consulting firm.
“India Machine-to-Machine
Modules Market, By Connection Type (Wired, Wireless), By
Technology (Serial Connection, Power Line Connection, Cellular, Wi-Fi,
Bluetooth, Others), By End User (Automotive, Healthcare, Consumer Electronics,
Transportation, Utilities, Retail, Others), By Region, Competition, Forecast
& Opportunities, 2020-2030F”,
has evaluated the future growth potential of India Machine-to-Machine Modules
Market and provides statistics & information on Market size, structure and
future Market growth. The report intends to provide cutting-edge Market
intelligence and help decision-makers make sound investment decisions., The
report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the India Machine-to-Machine Modules
Market.
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