China M2M Communication Market
China M2M Communication Market Size, Share and Trends Analysis Report By Application (Telematics, Smart Grids, Healthcare, Industrial Automation, Smart Cities), By Connectivity Technology (Cellular, Satellite, Wi-Fi, Bluetooth, LPWAN), By Type (Hardware, Software, Connectivity Services) andBy End Use (Automotive, Healthcare, Manufacturing, Utilities, Retail)- Forecast to 2035
Industry Developments
Recent developments in the China M2M Communication Market have focused on expanding connectivity and technological advancements. Companies such as Gemalto and ZTE have been heavily investing in the Internet of Things (IoT) applications, while Qualcomm seeks to bolster its presence through collaborations with local manufacturers. In terms of current affairs, Tencent and Alibaba Cloud are increasing their investments in cloud-based M2M solutions, positioning themselves as leaders in smart city initiatives. Notably, in October 2023, China Mobile announced significant upgrades to its 5G infrastructure to enhance M2M capabilities, which is expected to drive further market growth.
Additionally, mergers and acquisitions in this space have garnered attention. For instance, in September 2023, China Unicom acquired a 20% stake in a local OT company to optimize its M2M service offerings. A year prior, Huawei completed its acquisition of a data analytics firm, broadening its M2M communication solutions. Over the last two to three years, the market has witnessed a steady increase in valuation, with several firms reporting double-digit growth in their M2M segments, indicating a robust environment supported by China's push toward digital transformation and smart technology implementations.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 8.58(USD Billion) |
| MARKET SIZE 2024 | 8.8(USD Billion) |
| MARKET SIZE 2035 | 16.1(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.645% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Gemalto, ZTE, Qualcomm, China Telecom, Tencent, Ericsson, Alibaba Cloud, Nokia, China Unicom, China Mobile, Digi International, Huawei, Sierra Wireless, Murata Manufacturing, Siemens |
| SEGMENTS COVERED | Application, Connectivity Technology, Type, End Use |
| KEY MARKET OPPORTUNITIES | Smart factory automation, IoT-enabled logistics, Connected healthcare solutions, Smart city infrastructure, Agriculture technology integration |
| KEY MARKET DYNAMICS | Rapid 5G deployment, Increasing IoT adoption, Government regulations and initiatives, Rising demand for automation, Enhanced data security measures |
| COUNTRIES COVERED | China |
FAQs
What is the expected market size of the China M2M Communication Market in 2024?
The China M2M Communication Market is expected to be valued at 8.8 billion USD in 2024.
What is the projected market size for the China M2M Communication Market by 2035?
By 2035, the China M2M Communication Market is anticipated to reach a valuation of 16.1 billion USD.
What is the expected CAGR for the China M2M Communication Market from 2025 to 2035?
The expected CAGR for the China M2M Communication Market is 5.645 percent during the forecast period from 2025 to 2035.
Which application is expected to dominate the China M2M Communication Market in 2024?
Telematics is projected to dominate the China M2M Communication Market with a value of 3.0 billion USD in 2024.
What is the market size of Smart Grids in the China M2M Communication Market for 2024?
The market size for Smart Grids in 2024 is expected to be 2.0 billion USD.
Who are the major players in the China M2M Communication Market?
Key players in the market include Gemalto, ZTE, Qualcomm, and China Telecom among others.
What is the projected market value of the healthcare application in the China M2M Communication Market by 2035?
The healthcare application is projected to reach a market value of 2.9 billion USD by 2035.
What challenge might the China M2M Communication Market face in the upcoming years?
Challenges may arise from regulatory frameworks and technological integration across various sectors.
What is the expected market size for Industrial Automation in 2024?
The projected market size for Industrial Automation in 2024 is approximately 1.8 billion USD.
Which application is anticipated to experience significant growth in the China M2M Communication Market?
Smart Cities are expected to experience significant growth, with a market value of 2.4 billion USD by 2035.
Kindly complete the form below to receive a free sample of this Report
Customer Stories
“This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job”
“Thanks. It’s been a pleasure working with you, please use me as reference with any other Intel employees.”
“Thanks for sending the report it gives us a good global view of the Betaïne market.”
“Thank you, this will be very helpful for OQS.”
“We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.”
“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”
“I have been reading the first document or the study, ,the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!”
“We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.”