India Machine-to-Machine Modules Market

India Machine-to-Machine Modules Market Overview:

The India machine-to-machine modules market size reached USD 722.36 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,014.88 Million by 2033, exhibiting a growth rate (CAGR) of 3.85% during 2025-2033. The India machine-to-machine modules market share is expanding, driven by the increasing reliance on modern connected devices for automation, monitoring, and efficiency, along with the rising expenditure on smart city projects and advanced traffic management.

India Machine-to-Machine Modules Market Trends:

Increasing utilization of Internet of Things (IoT)

The rising adoption of IoT is offering a favorable India machine-to-machine modules market outlook. Firms depend on modern connected devices for automation, monitoring, and reliability. The IoT-focused machine-to-machine modules allow devices to communicate data in real time, eliminating human labor and increasing operational efficiency. In businesses, such as logistics and transportation, IoT-based machine-to-machine modules improve fleet management by providing live tracking, fuel monitoring, and predictive maintenance. Factories are also using machine-to-machine modules to automate production lines and supply chains. Furthermore, the proliferation of 5G and enhanced wireless networks is improving the effectiveness of IoT applications, promoting the utilization of machine-to-machine modules for crucial processes. In agriculture, refined irrigation and automated monitoring systems are helping farmers to increase productivity while reducing water waste. The healthcare sector is also experiencing more employment of IoT-oriented machine-to-machine technology for remote patient monitoring and telemedicine. As IoT expands into major sectors, such as healthcare and agriculture, the demand for smooth machine connectivity increases. According to the IMARC Group, the India IoT market is set to attain USD 3.6 Billion by 2033, showing a growth rate (CAGR) of 10.2% during 2025-2033.

Expanding smart city projects

The expansion of smart city projects is fueling the India machine-to-machine modules market growth. With government agencies and private players investing heavily in smart cities, advanced traffic management, and connected public utilities, the demand for machine-to-machine modules is rising. As per the IBEF, in the Union Budget 2024-25, the smart cities mission in India received INR 2,400 Crore (USD 19.67 Billion). As of July 12, 2024, 8,016 projects were assigned work orders valued at INR 1,64,223 Crore (USD 19.67 Billion). The machine-to-machine modules enable real-time communication between devices, aiding in automating operations like waste management, smart street lighting, and intelligent transportation systems. As urbanization continues, smart surveillance systems and parking solutions are becoming more common, further creating the need for machine-to-machine modules. Moreover, the increasing demand for smart home devices, including security systems, energy management solutions, and connected appliances, is positively influencing the market. With the ongoing shift toward sustainability, smart cities are employing connected solutions at a fast pace, making machine-to-machine modules a crucial component of this ecosystem.

India Machine-to-Machine Modules Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on connection type, technology, and end user.

Connection Type Insights:

• Wired
• Wireless

The report has provided a detailed breakup and analysis of the market based on the connection type. This includes wired and wireless.

Technology Insights:

• Serial Connection
• Power Line Connection
• Cellular
• Wi-Fi
• Bluetooth
• Others

A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes serial connection, power line connection, cellular, Wi-Fi, Bluetooth, and others.

End User Insights:

• Automotive
• Healthcare
• Consumer Electronics
• Transportation
• Utilities
• Retail
• Others

The report has provided a detailed breakup and analysis of the market based on the end user. This includes automotive, healthcare, consumer electronics, transportation, utilities, retail, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Machine-to-Machine Modules Market News:

• In October 2024, Sensorise introduced India’s initial machine-to-machine remote SIM provisioning platform, enabling people to handle eSIM profiles without the need to swap physical SIM cards. Developed on the GSMA consumer structure SGP.22, the solution included a secure framework with the SM-DP+ element. This enabled users to download, activate, and toggle between mobile network providers, granting them full control over their connectivity.
• In March 2024, the Telecom Regulatory Authority of India (TRAI) issued recommendations regarding the 'Usage of Embedded SIM for Machine-to-Machine Communications'. With these suggestions, the Authority stressed the importance of security through effective Know Your Customer (KYC) practices, which were vital for promoting network security, reducing fraud risks, and improving the overall integrity of the M2M eSIM ecosystem.

India Machine-to-Machine Modules Market Report Coverage:

Key Questions Answered in This Report:

• How has the India machine-to-machine modules market performed so far and how will it perform in the coming years?
• What is the breakup of the India machine-to-machine modules market on the basis of connection type?
• What is the breakup of the India machine-to-machine modules market on the basis of technology?
• What is the breakup of the India machine-to-machine modules market on the basis of end user?
• What is the breakup of the India machine-to-machine modules market on the basis of region?
• What are the various stages in the value chain of the India machine-to-machine modules market? 
• What are the key driving factors and challenges in the India machine-to-machine modules market?
• What is the structure of the India machine-to-machine modules market and who are the key players?
• What is the degree of competition in the India machine-to-machine modules market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India machine-to-machine modules market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India machine-to-machine modules market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India machine-to-machine modules industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.