PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1793469
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1793469
M2M Satellite Communication Market Introduction and Overview
According to SPER market research, 'Global M2M Satellite Communication Market Size- By Offering, By Technology, By Application, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global M2M Satellite Communication Market is predicted to reach 61.87 billion by 2034 with a CAGR of 13.28%.
Machine-to-Machine (M2M) satellite communication involves the exchange of data between two or more satellite-enabled devices or machines that do not require human involvement. It entails employing satellite networks to facilitate communication and data transfer between devices located in remote or inaccessible locations. When traditional terrestrial communication infrastructure is unavailable or unreliable, M2M satellite communication is extremely advantageous.
Restraints: Implementing satellite communication infrastructure requires significant financial investments, such as satellite deployment, ground station construction, and maintenance. These costs can be especially challenging for smaller businesses with limited budgets, making it hard for them to use M2M satellite communication. High initial and ongoing expenses, including service fees, may prevent businesses from adopting this technology and hinder its wider use in cost-effective connectivity.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Offering, By Technology, By Application, By End User
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
EchoStar Corporation, Gilat Satellite Networks, Globalstar, Honeywell International Inc, Marlink, Orange S.A, ORBCOMM, Rogers Communication, Thales Group, Viasat.
Global M2M Satellite Communication Market Segmentation:
By Offering: Based on the Offering, Global M2M Satellite Communication Market is segmented as; Hardware, Software, Services.
By Technology: Based on the Technology, Global M2M Satellite Communication Market is segmented as; VSAT, Data Transmission, Satellite Constellation, Networking, Satellite Communication Protocols, Automatic Identification System.
By Application: Based on the Application, Global M2M Satellite Communication Market is segmented as; Asset tracking & management, Remote monitoring & control, Telemetry and sensor networks, Security & surveillance, Emergency and disaster management, Others.
By End User: Based on the End User, Global M2M Satellite Communication Market is segmented as, Mining, Agriculture, Energy & utilities, Government & public sector, Automotive, Maritime, Retail, Military & defense, Healthcare, Manufacturing, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.