The Global Satellite M2M and IoT Network market is anticipated to witness the high growth in the forecast years on account of burgeoning integration of disruptive technologies in associated devices for M2M such as next-generation sensors, cloud platform, telematics along with introduction of satellite constellations enabling IoT and M2M connectivity, and snowballing demand for flexible wireless communication among end-user such as transportation and logistics, aviation. Moreover, increasing demand for secure wireless communication, rising inclination toward affordable and reliable IoT data solutions to manage and automate the collection of data from remote assets and rapid transformation in cellular IoT technology due to launch of 5G technology are projected to propel the growth of the market in the forecast period.
According to MarkNtel Advisors’ research report “Global Satellite M2M and IoT Network Market Analysis, 2021”, the Global Satellite M2M and IoT Network market is anticipated to grow at a CAGR of around 30% during 2021-26. Based on Frequency Band, Ku-band acquired the considerable marker share in 2020. The growth is attributed to rising momentum of M2M and IoT network globally is growing the demand for ku-band as it offers lower spectrum cost. Moreover, The application of Ku-band is high among heavy industries such as oil and gas industry due to growing amount traffic as it effectively monitors and transmit sensor data concerning drilling control, pipeline monitoring, distribution logistics and asset security.
“Global Satellite M2M and IoT Network Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Satellite M2M and IoT Network providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Acquired the Majority Market Share
North America grabbed the majority market share in the Global Satellite M2M and IoT Network market in 2019 due to burgeoning requirement for enriched data communication, snowballing usage of advanced technologies in satellite M2M and increasing inclination toward autonomous systems surging the demand for IoT-connected vehicles. Moreover, escalating application of M2M and IoT connectivity in aviation industry along with proliferating investment in smart cities are expected to bolster the growth of the Satellite M2M and IoT Network Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Satellite M2M and IoT Network Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Satellite M2M and IoT Network market 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) etc.
Key questions answered in the study: