PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1487672
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1487672
M2M Satellite Communication Market - By Offering, By Technology (VSAT, Data Transmission, Satellite Constellation, Networking, Satellite Communication Protocols, Automatic Identification System), By Application, By End User & Forecast, 2024 - 2032
M2M Satellite Communication Market size is estimated to grow at over 13% CAGR from 2024 to 2032. The increasing adoption of IoT devices across various industries, such as agriculture, transportation, and energy, is fueling the demand for M2M satellite communication solutions to enable remote monitoring and control. For example, in November 2023, vital satellite and wireless connectivity provider Globalsat Group partnered with Rivada Space Networks, to offer access to an innovative next-generation data network. This collaboration aimed to serve customers in energy, government, NGOs, agriculture, utilities, and transportation, across the Americas and beyond.
The expanding coverage and reliability of satellite networks are also improving the accessibility and effectiveness of M2M communication in remote and rural areas. Moreover, the need for real-time data transmission and connectivity in mission-critical applications is growing. Significant developments in satellite technology, including higher bandwidth capabilities and lower latency will further drive industry growth.
The M2M satellite communications industry is categorized into offering, technology, application, end-user, and region.
Based on offering, the market size from the software segment is estimated to grow at a notable rate between 2024 and 2032, on account of the increasing demand for advanced analytics and data management solutions. Software offerings play a critical role in optimizing data transmission, processing, and analysis in M2M satellite communication systems. The integration of AI and machine learning algorithms for improving the efficiency and intelligence of these software solutions is also driving the segment growth.
M2M satellite communication industry is projected to expand from the satellite constellation technology segment between 2024 and 2032. This is due to the expanding deployment of satellite constellations by providers. Satellite constellations offer global coverage, low-latency communication, and enhanced reliability in meeting the increasing demand for M2M communication in remote and inaccessible regions. Significant advancements in satellite technology, including miniaturization, cost reduction, and improved performance are further pushing the segment growth ahead.
Regionally, the Europe M2M satellite communication industry is expected to experience substantial growth from 2024 to 2032. This can be attributed to the increasing adoption of IoT applications across various sectors, including agriculture, transportation, and maritime. The launch of supportive government initiatives across the region is promoting satellite communication infrastructure development. The expanding demand for reliable and resilient connectivity solutions in remote and rural areas along with the advances in satellite technology, coupled with declining costs will also influence the regional market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Solution providers
- 3.2.2 Service providers
- 3.2.3 Satellite operators
- 3.2.4 Technology providers
- 3.2.5 System integrators
- 3.2.6 End-users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Growing global connectivity needs
- 3.8.1.2 Increasing maritime and aeronautical applications
- 3.8.1.3 Advancements in satellite technology
- 3.8.1.4 Rise of IoT applications
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High cost associated with satellite communication hardware
- 3.8.2.2 Latency issues and limited bandwidth
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Offering 2018 - 2032 ($Bn)
- 5.1 Key trends
- 5.2 Hardware
- 5.2.1 Modems
- 5.2.2 Terminals
- 5.2.3 Antennas
- 5.2.4 Others
- 5.3 Software
- 5.3.1 Data processing & analytics software
- 5.3.2 Connectivity management platform
- 5.3.3 Security & encryption software
- 5.3.4 Geospatial analysis & mapping software
- 5.3.5 Remote monitoring & control software
- 5.3.6 Others
- 5.4 Services
- 5.4.1 Satellite services
- 5.4.2 Data services
- 5.4.3 Security services
- 5.4.4 Voice services
- 5.4.5 Business services
Chapter 6 Market Estimates & Forecast, By Technology, 2018 - 2032 ($Bn)
- 6.1 Key trends
- 6.2 VSAT (very small aperture terminal)
- 6.3 Data transmission
- 6.4 Satellite constellation
- 6.5 Networking
- 6.6 Satellite communication protocols
- 6.7 Automatic identification system
- 6.8 Others
Chapter 7 Market Estimates & Forecast, By Application 2018 - 2032 ($Bn)
- 7.1 Key trends
- 7.2 Asset tracking & management
- 7.3 Remote monitoring & control
- 7.4 Telemetry and sensor networks
- 7.5 Security & surveillance
- 7.6 Emergency and disaster management
- 7.7 Others
Chapter 8 Market Estimates & Forecast, By End User, 2018 - 2032 ($Bn)
- 8.1 Key trends
- 8.2 Mining
- 8.3 Agriculture
- 8.4 Energy & utilities
- 8.5 Government & public sector
- 8.6 Automotive
- 8.7 Maritime
- 8.8 Retail
- 8.9 Military & defense
- 8.10 Healthcare
- 8.11 Manufacturing
- 8.12 Others
Chapter 9 Market Estimates & Forecast, By Region, 2018 - 2032 ($Bn, Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 EchoStar Corporation
- 10.2 Gilat Satellite Networks
- 10.3 Globalstar, Inc.
- 10.4 Honeywell International Inc.
- 10.5 Intelsat S.A.
- 10.6 Iridium Communications Inc.
- 10.7 Kore Wireless Group
- 10.8 Marlink
- 10.9 Nupoint Systems Inc.
- 10.10 Orange S.A.
- 10.11 ORBCOMM
- 10.12 Outerlink Global Solutions
- 10.13 Qualcomm Incorporated
- 10.14 Rogers Communications
- 10.15 Semtech Corporation
- 10.16 SES S.A.
- 10.17 Telesat
- 10.18 Telia Company AB
- 10.19 Thales Group
- 10.20 Viasat
- 10.21 Wireless Logic
