Report Highlights
The Global M2M Satellite Communication Market was valued at USD 3.83 billion in 2016 and is projected to reach USD 10.74 billion by 2025, growing at a CAGR of 12.12% from 2017 to 2025.
M2M satellite communication can be defined as a process where data is transmitted through satellite networks from remote locations and allows user to respond to the information received. M2M satellite communication helps to connect remote assets, uses the sensor network, transforms transportation infrastructure, highly reliable, cost, and has ubiquitous coverage.
Market Dynamics:
1. Market Drivers
1.1 Increasing Number of Cloud-based Service Providers
1.2 Co-existence of Satellite and Mobile Technology
1.3 Low Infrastructure Cost Associated with Integration of Satellite into M2M System
1.4 Growing Demand for Enriched Data Communication
2. Market Restraints
2.1 Security Concerns
2.2 Less Knowledge about the Technology
2.3 Infrastructure to Support Devices
Market Segmentation:
The Global M2M Satellite Communication Market is segmented on the basis of service, network devices, technology, vertical, and region.
1. By Service:
1.1 Business Service
1.2 Data Service
1.3 Managed Service
1.4 Voice Service
1.5 Others
2. By Network Devices:
2.1 Gateways
2.2 Satellite IP Terminals
2.3 Satellite Modems
2.4 Others
3. By Technology:
3.1 VSAT
3.2 AIS
3.3 Satellite Telemetry
4. By Vertical:
4.1 Agriculture
4.2 Transport and Logistics
4.3 Maritime
4.4 Retail
4.5 Security and Surveillance
4.6 Oil and Gas
4.7 Government
4.8 Healthcare
4.9 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Teliasonera AB
2. Orbcomm, Inc.
3. Viasat
4. Inmarsat Communications, Inc.
5. Orange S.A.
6. Iridium Communications, Inc.
7. Hughes Network System LLC
8. Globalstar, Inc.
9. Rogers Communications, Inc
10. Kore Telematics
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global M2M Satellite Communication Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More