M2M Satellite Communication Market

M2M Satellite Communication Market Size & Share - Key Growth Factors

The M2M satellite communication market is expected to grow from USD 15.5 billion in 2023 to USD 28.7 billion in 2028, at a CAGR of 13.1%  during the forecast period. The M2M satellite communication market is driven by various factors, such as the rising need for enriched data communication, the surge in IoT proliferation, and the escalating demand for monitoring and remote management of connected devices.

The M2M satellite communication market is poised for substantial growth in the coming years, driven by several key factors:

  • Rise in IoT Adoption
  • Expansion of Remote Connectivity Needs
  • Emergence of Low Earth Orbit (LEO) Satellite Constellations
  • Advancements in Satellite Technology
  • Growing Demand for Remote Monitoring and Asset Tracking
  • Government Initiatives and Regulations
  • Increased Focus on Disaster Recovery and Resilience
  • Rapid Urbanization and Infrastructure Development

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Rise in IoT Adoption:

  • The increasing adoption of IoT devices across various industries, including agriculture, transportation, and energy, is driving the demand for M2M satellite communication solutions to connect and manage these devices, facilitating real-time data exchange and remote monitoring.

Expansion of Remote Connectivity Needs:

  • With the growing need for connectivity in remote and underserved areas, satellite communication provides an essential solution for extending network coverage to locations where terrestrial infrastructure is lacking or economically unfeasible.

Emergence of Low Earth Orbit (LEO) Satellite Constellations:

  • The emergence of new satellite constellations in low Earth orbit (LEO), offering lower latency and higher throughput compared to traditional geostationary satellites, is driving innovation and expanding the capabilities of M2M satellite communication systems.

Advancements in Satellite Technology:

  • Ongoing advancements in satellite technology, including miniaturization, increased bandwidth, and improved power efficiency, are enhancing the performance and reliability of M2M satellite communication solutions, making them more accessible and cost-effective for a broader range of applications.

Growing Demand for Remote Monitoring and Asset Tracking:

  • Industries such as maritime, oil and gas, utilities, and agriculture are increasingly adopting M2M satellite communication for remote monitoring, asset tracking, and management, driving the demand for reliable and scalable connectivity solutions.

Government Initiatives and Regulations:

  • Government initiatives aimed at improving connectivity in rural and remote areas, along with regulatory frameworks promoting satellite communication for critical infrastructure and emergency services, are creating favorable conditions for the growth of the M2M satellite communication market.

Increased Focus on Disaster Recovery and Resilience:

  • The need for reliable communication during natural disasters, emergencies, and humanitarian crises is driving the adoption of M2M satellite communication for disaster recovery and resilience, ensuring continuity of operations and timely response efforts.

Rapid Urbanization and Infrastructure Development:

  • Urbanization and infrastructure development in emerging economies are fueling the demand for M2M satellite communication solutions to support smart city initiatives, transportation networks, and critical infrastructure projects, driving market growth in these regions.

These growth factors, along with ongoing technological advancements and market innovations, are expected to propel the expansion of the M2M satellite communication market in the coming years.

M2M Satellite Communication Market Share - Global Industry Landscape

The M2M satellite communication market is characterized by the presence of several key players competing for market share. Some of the leading companies in the M2M satellite communication industry include:

  • Oracle (US)
  • Gilat (Israel)
  • ORBCOMM (US)
  • Telesat (Canada)
  • Wireless Logic (England)
  • Yahsat (UAE)

These companies play significant roles in the satellite communication industry, offering a variety of products and services to meet the connectivity needs of customers worldwide. Market share figures may vary based on specific regions and market segments.

Oracle (US):

  • Market Share: Oracle is a major player in the global technology industry, offering a wide range of software, hardware, and cloud services. In the satellite communication market, Oracle's market share may vary depending on its specific offerings and partnerships.
  • Key Offerings: While Oracle does not specialize in satellite communication, it provides various technologies and solutions that can be utilized in the satellite communication ecosystem. This includes cloud computing services, database management systems, and enterprise software solutions.

Gilat (Israel):

  • Market Share: Gilat is a leading provider of satellite-based communication solutions and services, with a significant market share in the satellite communication industry.
  • Key Offerings: Gilat offers a comprehensive portfolio of satellite communication products and services, including satellite terminals, VSAT networks, cellular backhaul solutions, and managed services. Their solutions cater to various industries, including telecom, enterprise, government, and defense.

ORBCOMM (US):

  • Market Share: ORBCOMM is a prominent player in the M2M (Machine-to-Machine) and IoT (Internet of Things) communication market, with a notable market share in satellite-based M2M communication.
  • Key Offerings: ORBCOMM offers satellite and cellular-based M2M communication solutions for asset tracking, remote monitoring, and control applications. Their offerings include satellite modems, terminals, asset tracking devices, and a cloud-based IoT platform for managing connected assets.

Telesat (Canada):

  • Market Share: Telesat is a leading global satellite operator, providing satellite communication services to customers worldwide. Their market share in the satellite communication industry is significant, particularly in the provision of satellite bandwidth and connectivity solutions.
  • Key Offerings: Telesat offers satellite bandwidth, capacity leasing, and managed services for broadband internet access, enterprise networking, maritime communication, and government applications. They operate a fleet of geostationary and LEO (Low Earth Orbit) satellites, providing coverage across the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.

Wireless Logic (England):

  • Market Share: Wireless Logic is a prominent provider of IoT connectivity solutions, including satellite-based M2M communication services, with a notable market share in Europe and other regions.
  • Key Offerings: Wireless Logic offers a wide range of IoT connectivity solutions, including cellular, satellite, and LPWAN (Low Power Wide Area Network) connectivity. Their satellite communication offerings enable reliable and scalable connectivity for M2M and IoT applications in remote and challenging environments.

Yahsat (UAE):

  • Market Share: Yahsat is a leading satellite operator in the Middle East, Africa, and Southwest Asia, with a significant market share in satellite communication services in these regions.
  • Key Offerings: Yahsat offers satellite broadband internet, enterprise communication, and government solutions through its fleet of geostationary satellites. Their offerings include YahClick broadband internet service, YahLink enterprise connectivity solutions, and YahSecure government communication services, catering to a diverse range of customers and applications.

Related Reports:

M2M Satellite Communication Market by Offering (Hardware, Software Types, Services), Technology (Satellite Constellation (LEO, MEO, GEO), Data Transmission, VSAT, AIS), Vertical (Maritime, Military & Defense) and Region - Global Forecast to 2028

M2M Satellite Communication Market Size,  Share & Growth Report
Report Code
TC 2283
RI Published ON
4/8/2024
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