Tue. Sep 26th, 2023
Satellite M2M and IoT Network Market Overview

The Satellite M2M and IoT Network market has experienced significant growth over the years, with a projected increase from USD million to USD million between 2017 and 2022. The market is expected to further expand and reach USD million by 2029, with a compound annual growth rate (CAGR).

The market is segmented based on applications, types, and regional outlook for the forecast period of 2023-2030. The key applications in the market include transportation and logistics, government and military, aviation, natural resources, and heavy industries. The types of satellite M2M and IoT networks available include L-Band, Ku-Band and Ka-Band, and others.

Leading companies in the global satellite M2M and IoT network market include Ligado Networks, Thales Group, Al Yah Satellite Communication Company PJSC (Yahsat), SpaceX, OHB SE, KORE Wireless Group, Thuraya Telecommunications Company, Globalstar, Sky and Space Global Ltd., Vodafone Limited, Gomspace A/S, Intelsat, ORBCOMM Inc., Helios Wire Corporation, Space Systems/Loral, LLC, Airbus S.A.S., SatixFy Israel Ltd., Inmarsat plc., Hispasat, S.A., The Boeing Company, Eutelsat S.A., Astrocast SA, hiSky Ltd., and Iridium Communications Inc.

The report on the satellite M2M and IoT network market focuses on the market size, segment size, competitor landscape, recent status, and development trends. It also provides a detailed cost analysis and supply chain information. The market is expected to witness significant growth due to technological innovation and advancements, which will optimize the performance of the products and increase their use in downstream applications.

Factors driving the growth of the satellite M2M and IoT network market include the increasing demand for various applications globally. Despite challenges faced during the COVID-19 pandemic and the Russia-Ukraine war, the market is poised for significant growth, with a projected impressive CAGR from 2023 to 2030.

In terms of market value, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are the key regions analyzed. The report addresses global trends and demand projections, product demand and market share, strategic industry developments, pricing and raw material sourcing, opportunities and challenges, market value insights, major industry players, recent industry trends, entry strategies, and marketing channels.