Global Satellite M2M and IoT Network Market Overview and Insights:

According to MarkNtel Advisors Report, the Global Satellite M2M and IoT Network Market projected to grow at a CAGR of around 30% during the forecast period, i.e., 2021-26.

Satellite M2M and IoT Network Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Time Period Captured in the Report:

 Historical Years: 2016-19

  Base Years: 2020

  Forecast Years: 2021-26

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Possible Restraint: Design & Orbit Placement of Satellites Might Hamper the Market Growth

A service provider has to set up numerous satellites to deliver extensive network coverage. These satellites are placed at different angles & orbits and often witness environmental turbulence that hinders seamless connectivity. Hence, technical limitations like the design & orbital placement of satellites might act as significant growth restraints for the Global Satellite M2M & IoT Network Market in the coming years.

Who are the Key Players Operating in the Satellite M2M and IoT Network Industry?

The top companies of the Satellite M2M and IoT Network market ruling the industry are: 

  • Airbus S.A.S.
  • Gomspace A/S
  • Helios Wire Corporation
  • Globalstar, Inc.
  • ORBCOMM Inc.
  • Eutelsat S.A.
  • OHB SE
  • Inmarsat plc.
  • Intelsat Corporation
  • The Boeing Company
  • KORE Wireless Group, Inc.
  • Vodafone Limited
  • Thales Group
  • Iridium Communications Inc.
  • Space Exploration Technologies Corp. (SpaceX)

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What is Included in Satellite M2M and IoT Network Market Segmentation?

The report has segmented the market into the following categories:

-By Frequency Band

  • L-Band
  • S-Band
  • Ku & Ka-Band

Of them all, L-Band dominates the market, and the same trend is likely to be followed in the coming years due to its capabilities to support several applications with low latency rates. In 2017, the segment accounted for around 83.55% market share with $515.8 million revenue generation. Some of the prominent industry players that provide their services through L-band include Iridium Communications Inc. (the US), ORBCOMM Inc. (the US), and Inmarsat PLC. (the UK).

On the other front, the demand for Satellite M2M & IoT networks using S-Band frequency is set to observe steady growth in the coming years. In 2017, the segment was valued at $24.6 million and is likely to reach $126.8 million by 2023. The less susceptibility to rain and uninterrupted data transmission by the S-Band frequency range are the prime aspects driving the demand for satellite networks operating on S-band frequency.

-By End User

  • Aviation
  • Heavy Industries
  • Transportation and Logistics
  • Natural Resources
  • Government and Military
  • Others (Banks, Smart Cities, Connected Cars, etc.)

Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

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For Further Queries:

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry?
  4. How has the industry been evolving in terms of geography and product adoption?
  5. How has the competition been shaping up across various regions?

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