Satellite Machine-To-Machine (M2M) Communication Market Report: Trends, Forecast and Competitive Analysis to 2030

Satellite Machine-To-Machine (M2M) Communication Trends and Forecast

The future of the global satellite machine-to-machine (M2M) communication market looks promising with opportunities in the automotive, maritime, oil & gas, energy & utility, government & public sector, mining, transportation & logistic, and healthcare sectors. The global satellite machine-to-machine (M2M) communication market is expected to reach an estimated $4.7 billion by 2030 with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are increasing need for connectivity in remote and underserved areas, rising demand for real-time data and enriched communication, and emergence of smart cities.

A more than 150-page report is developed to help in your business decisions.

Satellite Machine-To-Machine (M2M) Communication by Segment

The study includes a forecast for the global satellite machine-to-machine (M2M) communication by type, application, and region.

Satellite Machine-To-Machine (M2M) Communication Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Very Small Aperture Terminal
• Automatic Identification System
• Others

Satellite Machine-To-Machine (M2M) Communication Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Maritime
• Oil & Gas
• Energy & Utility
• Government & Public Sector
• Mining
• Transportation & Logistics
• Healthcare
• Others

Satellite Machine-To-Machine (M2M) Communication Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Satellite Machine-To-Machine (M2M) Communication Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies satellite machine-to-machine (M2M) communication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite machine-to-machine (M2M) communication companies profiled in this report include-

• Viasat
• Rogers Communications
• Orbcomm
• Inmarsat Communications
• Teliasonera
• Kore Telematics
• Globalstar
• Orange SA
• Hughes Network System
• Iridium Communications

Satellite Machine-To-Machine (M2M) Communication Market Insights

Lucintel forecasts that very small aperture terminal is expected to witness highest growth over the forecast period due to they are relatively inexpensive to install and operate, and can be used to provide high-speed data connectivity to remote locations.

North America is expected to witness highest growth over the forecast period due to presence of key manufacturers in the region.

Features of the Global Satellite Machine-To-Machine (M2M) Communication Market

Market Size Estimates: Satellite machine-to-machine (M2M) communication market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Satellite machine-to-machine (M2M) communication market size by type, application, and region in terms of value ($B).

Regional Analysis: Satellite machine-to-machine (M2M) communication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the satellite machine-to-machine (M2M) communication market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite machine-to-machine (M2M) communication market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the satellite machine-to-machine (M2M) communication market size?

Answer: The global satellite machine-to-machine (M2M) communication market is expected to reach an estimated $4.7 billion by 2030.

Q2. What is the growth forecast for satellite machine-to-machine (M2M) communication market?

Answer: The global satellite machine-to-machine (M2M) communication market is expected to grow with a CAGR of 10.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the satellite machine-to-machine (M2M) communication market?

Answer: The major drivers for this market are increasing need for connectivity in remote and underserved areas, rising demand for real-time data and enriched communication, and emergence of smart cities.

Q4. What are the major segments for satellite machine-to-machine (M2M) communication market?

Answer: The future of the satellite machine-to-machine (M2M) communication market looks promising with opportunities in the automotive, maritime, oil & gas, energy & utility, government & public sector, mining, transportation & logistic, and healthcare sectors.

Q5. Who are the key satellite machine-to-machine (M2M) communication market companies?

Answer: Some of the key satellite machine-to-machine (M2M) communication companies are as follows:

• Viasat
• Rogers Communications
• Orbcomm
• Inmarsat Communications
• Teliasonera
• Kore Telematics
• Globalstar
• Orange SA
• Hughes Network System
• Iridium Communications

Q6. Which satellite machine-to-machine (M2M) communication market segment will be the largest in future?

Answer: Lucintel forecasts that very small aperture terminal is expected to witness highest growth over the forecast period due to they are relatively inexpensive to install and operate, and can be used to provide high-speed data connectivity to remote locations.

Q7. In satellite machine-to-machine (M2M) communication market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to presence of key manufacturers in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the satellite machine-to-machine (M2M) communication market by type (very small aperture terminal, automatic identification system, and others), application (automotive, maritime, oil & gas, energy & utility, government & public sector, mining, transportation & logistics, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?