Market Research Report

Global Satellite M2M and IoT Network Market Analysis, 2021

By Frequency Band (L-Band, S-Band, Ku- and Ka -Band, Others), By End-User (Aviation, Heavy Industries, Transportation and Logistics, Natural Resources, Government and Military, Oth...ers (Banks, Smart Cities, Connected Cars, etc.)), By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa), By Country (US, Canada, Mexico, Brazil, Argentina, UK, Germany, France, Italy, Spain, Russia, Switzerland, China, Japan, South Korea, India, UAE, South Africa), By Company (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.) Read more

  • Aerospace & Defense
  • Dec 2021
  • 232
  • AD88002

Market Definition

Satellite-based communication has been undergoing rapid innovations. With the growing need for different businesses to centralize their businesses, Satellite Machine-to-Machine (M2M) & the Internet of Things (IoT) networks are swiftly gaining traction to monitor & control assets across different locations while providing telematics to obtain data.

The M2M communication is to gather point-to-point data, monitor & control assets, either by using terrestrial or aerial networks. On the other hand, IoT technology in communication allows the user to gather data from different sensors & compile it into useful information. The IoT interface is one step forward and provides predictive maintenance & avoids malfunctions. 

With the emergence of communication, sensing, and computing as a part of the technical revolution, the adoption of advanced technologies like M2M & IoT has risen dramatically to reduce human intervention & bring operational efficiency in communication. These technologies have built a working base on next-generation sensors, cloud platforms, & telematics, among various other technologies.

Market Insights

The Global Satellite M2M & IoT Network Market is projected to grow at a CAGR of around 30% during the forecast period, i.e., 2021-26. The market is driven primarily by the rapidly surging need for secure & high-speed communication networks while reducing communication problems & improving the network bandwidth. 

Additionally, the mounting requirements worldwide for better network flexibility at lower operational costs are further generating the need for M2M & IoT networks and, as a result, boosting the global market. Besides, owing to the continuous demand for secure & wireless networks of communication across verticals like government & military, transportation & logistics, aerospace, & heavy industries, among various others for different applications like asset tracking, acquiring real-time updates, etc., are also projected to augment the market growth during the forecast period. 

Moreover, satellite plays a prominent role in connecting remote devices, i.e., not possible using terrestrial connectivity mediums. With the capabilities to gather information from different assets, the demand for satellite M2M & IoT networks would rise substantially in the future. Furthermore, the active participation of market players through collaboration between satellite operators & IoT & connectivity developers to enhance end-to-end solutions is another crucial aspect likely to drive the market during 2021-26.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR(2021-26) 30%
Regions Covered North America: USA, Canada, Mexico
Europe: UK, Germany, France, Italy, Spain, Russia, Switzerland
Asia-Pacific: China, Japan, South Korea, India
South America: Brazil, Argentina
Middle East & Africa: UAE, South Africa
Key Companies Profiled 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
Unit Denominations USD Million/Billion

 

Impact of Covid-19 on the Global Satellite M2M & IoT Network Market

The Covid-19 pandemic in 2020 had a decelerating effect on most industries. However, the Global Satellite M2M & IoT Network Market did not observe any negative impact of the crisis. The satellite industry made sure of broad connectivity & a consistent supply of services to both public & private users amidst the pandemic.

The satellite application has been majorly to provide communication mediums for workers, employees, teachers, friends, families, etc., from different locations using diverse communications & learning devices. Besides, the operations & service providers played a crucial role in creating a channel enabling telehealth solutions, exchanging data from hospitals, transmitting information associated with the pandemic, & connectivity to essential services.

Moreover, these services also allowed measuring the economic effects of the pandemic & recovery rates based on the movement of goods tracked by satellites. In the forecast years, with increasing technological innovations, the market is anticipated to grow substantially & display an opportunistic growth prospect for the leading players.


Global Satellite M2M and IoT Network Market Analysis, 2021

Market Segmentation

Based on the End-User, the Global Satellite M2M & IoT Network Market segments into:

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

Here, the Transportation & Logistics sector dominates the market and accounted for around 39.56% share with $244.2 million revenue generation in 2017. The market growth around this sector is anticipated to be the fastest during the forecast period owing to the soaring demand for better fleet management systems in applications like asset tracking, supply chain management, fuel management, real-time vehicle updates, etc. Besides, the rapid expansion of these networks for different in-land & sea-based logistics like vessels, cargo, railways, etc., for operational efficiency further drives the market growth in this sector.

On the other front, the rapid adoption of satellite M2M & IoT networks across verticals like banks, smart cities, & connected cars is projected to generate remunerative growth opportunities for the leading market players and contribute to the overall market expansion in the years to come.

Based on the Frequency Band, the Global Satellite M2M & IoT Network Market segments into:

  • 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.

Recent Development by Market Players

Market leaders ORBCOMM & Inmarsat have together declared to expand their agreement of providing a Next-Generation IoT service called OGx, through at least 2035, which would offer 40 times faster data rates than the existing service. It would enable the transmission of large messages & faster delivery times. OGx also aims to provide enhanced power efficiency to support a daily message for multiple years on a satellite terminal with the help of a single AA battery.

Regional Landscape

On the geographical front, the Global Satellite M2M & IoT Network Market expands across:

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

Of them all, North America acquired the largest market share in recent years & is anticipated to prevail the same trend in the forecast period. It owes principally to the mounting demand for improved data communications, coupled with the increasing adoption of advanced technologies in satellites due to benefits like their integration in connected devices to gather information – from the supply chain, tracking assets, product development, manufacturing, among other and identify & eliminate points of errors.

Besides, the growing inclination toward autonomous systems, especially across countries like the US & Canada, are further propelling the demand for IoT-connected devices, vehicles, systems, etc. & driving the regional market. Moreover, the increasing use of M2M & IoT networks in the aviation sector and massive investments in developing smart cities are other crucial aspects likely to propel the market growth across North America during the forecast period.

On the other hand, Asia-Pacific is anticipated to observe the fastest market growth during the forecast period. It owes to the rapid developments in satellite technology across several countries in Asia-Pacific that intend to develop innovative & robust space technologies and transform the national economy & security.

Market Dynamics:

Key Driver: Rapid Developments in the IoT Technology toward Expanding Satellite Networking

Due to the surge in investments & developments in IoT-enabled devices & services, several leading companies are likely to observe significant growth opportunities in the market and expand their scalability worldwide in the coming years. Several business verticals, consumers, and the governments of different nations are recognizing the crucial benefits of wireless connectivity, owing to which the global market has witnessed swift expansion.

With rapid innovations in the industry, users would be able to connect their global resources & manage them at a single point with the help of IoT connectivity through satellites. Additionally, the ever-increasing demand for smartphones & tablets is also surging the number of devices connected to the internet and, in turn, driving the global market.

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.

Growth Opportunity: Technological Innovations & Extensive Application of Networks

With the soaring demand for satellite M2M & IoT networks, the development of smart cities and massive funding in connected vehicles are projected as remunerative growth opportunities for the leading market players in the forecast period. Besides, the construction, agriculture, aviation industries, etc., are other critical sectors likely to fuel the Satellite M2M & IoT Network Market growth in the years to come.

Competitive Landscape

According to MarkNtel Advisors’, the key players with a considerable market share in the Global Satellite M2M and IoT Network market include 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 Market Research Report:

  1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Satellite M2M and IoT Network Market?
  2. What is the region wise industry size, growth drivers and challenges key market trends?
  3. What are the key innovations, technology upgrades, opportunities, regulations in the Global Satellite M2M and IoT Network Market?  
  4. Who are the key competitors or market players and how they perform in Global Satellite M2M and IoT Network Market based on competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the course of Global Satellite M2M and IoT Network Market study?   

 Market Outlook, Segmentation and Statistics:

  • Impact of COVID-19 on Global Satellite M2M and IoT Network market
  • Global Satellite M2M and IoT Network Startups Landscape
  • Market Size & Analysis
    • By Revenues (USD Million)
  • Market Share & Analysis
    • By Frequency Band
      • L-Band
      • S-Band
      • Ku- and Ka -Band
      • Others
    • By End User
      • Aviation
      • Heavy Industries
      • Transportation and Logistics
      • Natural Resources
      • Government and Military
      • Others (Banks, Smart Cities, Connected Cars, etc.)
    • By Region
      • North America
        • The US
        • Canada
        • Mexico 
      • South America
        • Brazil 
        • Argentina 
      • Europe
        • The UK 
        • Germany
        • France 
        • Italy 
        • Spain
        • Russia 
        • Switzerland 
      • Middle East & Africa 
        • South Africa
        • UAE 
      • Asia-Pacific
        • China
        • Japan
        • India
        • South Korea
    • By Company
      • Revenue Shares
      • Strategic Factorial Indexing
      • Competitor Placement in MarkNtel Quadrant
  • Global Satellite M2M and IoT Network Market Policies, Regulations, Product Standard
  • Global Satellite M2M and IoT Network Patent Analysis
  • Global Satellite M2M and IoT Network Pricing Model
  • Global Satellite M2M and IoT Network Market Hotspots & Opportunities
  • Competition Outlook
    • Competitor Wise Growth Strategies
    • Company Profiles

Frequently Asked Questions

   A. The Global Satellite M2M & IoT Network Market is projected to grow at a CAGR of around 30% during 2021-26.

   A. The Transportation & Logistics sector is anticipated to emerge as an area of lucrative opportunities for the leading players in the Global Satellite M2M & IoT Network Market during 2021-26.

   A. Rapid developments in the IoT technology to expand the applicability of satellite networks entwined with technological innovations across different verticals like automotive, construction, aviation, etc., shall generate significant growth opportunities for the Global Satellite M2M & IoT Network Market during the forecast period.

   A. With increasing technological innovations & developments, the Global Satellite M2M & IoT Network Market would expand substantially & witness profitable opportunities in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Satellite M2M and IoT Network Market
  5. Global Satellite M2M and IoT Network Startups Landscape
  6. Global Satellite M2M and IoT Network Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Frequency Band
        1. L-Band
        2. S-Band
        3. Ku- and Ka -Band
        4. Others
      2. By End User
        1. Aviation
        2. Heavy Industries
        3. Transportation and Logistics
        4. Natural Resources
        5. Government and Military
        6. Others (Banks, Smart Cities, Connected Cars, etc.)
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      4. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  7. North America Satellite M2M and IoT Network Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Frequency Band
      2. By End User
      3. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    4. Canada Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    5. Mexico Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
  8. South America America Satellite M2M and IoT Network Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Frequency Band
      2. By End User
      3. By Country
        1. Brazil
        2. Argentina
        3. Others
    3. Brazil Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    4. Argentina Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
  9. Europe Satellite M2M and IoT Network Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Frequency Band
      2. By End User
      3. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Switzerland
        7. Russia
        8. Others
    3. Germany Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    4. The UK Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    5. France Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    6. Italy Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    7. Spain Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    8. Switzerland Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    9. Russia Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
  10. Middle East & Africa Satellite M2M and IoT Network Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Frequency Band
      2. By End User
      3. By Country
        1. UAE
        2. South Africa
        3. Others
    3. UAE Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    4. South Africa Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
  11. Asia-Pacific Satellite M2M and IoT Network Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Frequency Band
      2. By End User
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Others
    3. China Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    4. India Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    5. Japan Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
    6. South Korea Satellite M2M and IoT Network Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Frequency Band
        2. By End User
  12. Global Satellite M2M and IoT Network Government Regulations and Policies
  13. Global Satellite M2M and IoT Network Patent Analysis
  14. Global Satellite M2M and IoT Network Pricing Model
  15. Global Satellite M2M and IoT Network Market Trends & Insights
  16. Global Satellite M2M and IoT Network Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  17. Global Satellite M2M and IoT Network Market Hotspot & Opportunities
  18. Global Satellite M2M and IoT Network Market Key Strategic Imperatives for Success & Growth
  19. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Key Business Expansion Initiatives
      5. Business Restructuring- Mergers, Acquisitions, JVs
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans
      1. Airbus S.A.S.
      2. Gomspace A/S
      3. Helios Wire Corporation
      4. Globalstar, Inc.
      5. ORBCOMM Inc.
      6. Eutelsat S.A.
      7. OHB SE
      8. Inmarsat plc.
      9. Intelsat Corporation
      10. The Boeing Company
      11. KORE Wireless Group, Inc.
      12. Vodafone Limited
      13. Thales Group
      14. Iridium Communications Inc.
      15. Space Exploration Technologies Corp. (SpaceX)
  20. Disclaimer


Global Satellite M2M and IoT Network Market Segmentation