Market Overview:
The global satellite machine-to-machine (M2M) communications market is expected to grow from USD 9.02 billion in 2018 to USD 21.01 billion by 2030, at a CAGR of 10.5% from 2018 to 2030. The growth of the global satellite M2M communications market can be attributed to the increasing demand for bandwidth and rising number of connected devices across different applications such as freight, transportation, military, and other applications. Moreover, the growing demand for real-time monitoring and tracking is also fueling the growth of the global satellite M2M communications market.
Product Definition:
M2M communication is a term used for the wireless exchange of data between two or more devices. M2M applications are diverse, and can include such things as smart grids, fleet management, remote monitoring and diagnostics, intelligent transportation systems (ITS), and environmental sensing.
The main advantage of M2M communications is that it allows machines to communicate directly with each other without human intervention. This makes it possible for machines to exchange data and control each other remotely, which can result in increased efficiency and cost savings. Additionally, M2M communication can improve safety and security by allowing operators to monitor critical infrastructure from a distance.
Commercial Transportation:
Commercial transportation is a mode of transport that is paid for and provided by the service providers to move passengers and goods from one place to another. It includes freight rail, air, water or other non-road transportation modes. The growth factor in M2M communications market can be attributed to factors such as growing urbanization & industrialization leading to an increase in the number of devices connected via communication networks along with rising demand for cost effective solutions across various industry verticals.
Heavy Equipment:
Heavy equipment is any type of machinery that is used to lift or transport materials such as construction equipment, mining equipment, agricultural machinery and so on. The heavy equipment market has been witnessing significant growth over the past few years owing to increasing demand for these types of machines in various industries including construction & infrastructure and automotive.
Application Insights:
The M2M communications market is segmented by application into freight, transportation, military and other applications. The transportation segment dominated the overall industry in terms of revenue share in 2017. The growth can be attributed to the increasing adoption of machine-to-machine technology for tracking and monitoring vehicles as well as their components across different industries such as automotive, oil & gas and logistics among others.
The use of satellite phones has been growing significantly among government agencies for communication purposes owing to enhanced security features offered by these devices including authentication procedures using Extensible Authentication Protocol (EAP) during handover between satellites. Furthermore, companies are offering a wide range of products specifically designed for military applications which have additional security features making them ideal for secure remote monitoring from a distance or over an open area with no coverage or signal interruptions.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government initiatives, rising disposable income of consumers, and advancements in network technologies. For instance, In India ‘UPS MyB2C2H’ program has been adopted by the company as a part of their corporate social responsibility initiative. This program allows users to track packages across different modes of transport from origin till delivery with accuracy timing-wise and tracking information-wise.
Growth Factors:
- Increasing demand for M2M communication in automotive and transportation sector
- Proliferation of low-cost sensors and modules
- Growing demand for M2M communication in retail sector
- Rising popularity of cloud-based services
- Emergence of new applications such as smart cities, healthcare, and energy management
Scope Of The Report
Report Attributes
Report Details
Report Title
Satellite Machine-To-Machine (M2M) Communications Market Research Report
By Type
Commercial Transportation, Heavy Equipment, Fixed Asset Monitoring, Marine Vessels, Government and Internal Security, Consumer Transportation, Satellite Telephones
By Application
Freight, Transportation, Military, Other
By Companies
General Electric Company, Geotab, Inc, Globalstar, Inc, Honeywell International, Hughes Network Systems LLC, Inmarsat Plc, Iridium Communications, Lat-Lon LLC, Lockheed Martin Corporation, M2M Data Corporation, Orbcomm, PeopleNet Communications, Qualcomm, Inc, SkyBitz, SkyTel, Telefonica UK Limited, Thuraya Telecommunications Company, ViaSat Inc, Wireless Matrix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Satellite Machine-To-Machine (M2M) Communications Market Report Segments:
The global Satellite Machine-To-Machine (M2M) Communications market is segmented on the basis of:
Types
Commercial Transportation, Heavy Equipment, Fixed Asset Monitoring, Marine Vessels, Government and Internal Security, Consumer Transportation, Satellite Telephones
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Freight, Transportation, Military, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric Company
- Geotab, Inc
- Globalstar, Inc
- Honeywell International
- Hughes Network Systems LLC
- Inmarsat Plc
- Iridium Communications
- Lat-Lon LLC
- Lockheed Martin Corporation
- M2M Data Corporation
- Orbcomm
- PeopleNet Communications
- Qualcomm, Inc
- SkyBitz
- SkyTel
- Telefonica UK Limited
- Thuraya Telecommunications Company
- ViaSat Inc
- Wireless Matrix
Highlights of The Satellite Machine-To-Machine (M2M) Communications Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Commercial Transportation
- Heavy Equipment
- Fixed Asset Monitoring
- Marine Vessels
- Government and Internal Security
- Consumer Transportation
- Satellite Telephones
- By Application:
- Freight
- Transportation
- Military
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Satellite Machine-To-Machine (M2M) Communications Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Satellite machine-to-machine (M2M) communications is the use of satellites to connect machines and devices. M2M communication can be used for a variety of purposes, such as monitoring equipment, controlling machinery, and communicating with other devices.
Some of the major companies in the satellite machine-to-machine (m2m) communications market are General Electric Company, Geotab, Inc, Globalstar, Inc, Honeywell International, Hughes Network Systems LLC, Inmarsat Plc, Iridium Communications, Lat-Lon LLC, Lockheed Martin Corporation, M2M Data Corporation, Orbcomm, PeopleNet Communications, Qualcomm, Inc, SkyBitz, SkyTel, Telefonica UK Limited, Thuraya Telecommunications Company, ViaSat Inc, Wireless Matrix.
The satellite machine-to-machine (m2m) communications market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Satellite Machine-To-Machine (M2M) Communications Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Satellite Machine-To-Machine (M2M) Communications Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Satellite Machine-To-Machine (M2M) Communications Market - Supply Chain
4.5. Global Satellite Machine-To-Machine (M2M) Communications Market Forecast
4.5.1. Satellite Machine-To-Machine (M2M) Communications Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Satellite Machine-To-Machine (M2M) Communications Market Size (000 Units) and Y-o-Y Growth
4.5.3. Satellite Machine-To-Machine (M2M) Communications Market Absolute $ Opportunity
5. Global Satellite Machine-To-Machine (M2M) Communications Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Type
5.3.1. Commercial Transportation
5.3.2. Heavy Equipment
5.3.3. Fixed Asset Monitoring
5.3.4. Marine Vessels
5.3.5. Government and Internal Security
5.3.6. Consumer Transportation
5.3.7. Satellite Telephones
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Satellite Machine-To-Machine (M2M) Communications Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Application
6.3.1. Freight
6.3.2. Transportation
6.3.3. Military
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Satellite Machine-To-Machine (M2M) Communications Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Satellite Machine-To-Machine (M2M) Communications Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Satellite Machine-To-Machine (M2M) Communications Demand Share Forecast, 2019-2026
9. North America Satellite Machine-To-Machine (M2M) Communications Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Application
9.4.1. Freight
9.4.2. Transportation
9.4.3. Military
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Type
9.7.1. Commercial Transportation
9.7.2. Heavy Equipment
9.7.3. Fixed Asset Monitoring
9.7.4. Marine Vessels
9.7.5. Government and Internal Security
9.7.6. Consumer Transportation
9.7.7. Satellite Telephones
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Satellite Machine-To-Machine (M2M) Communications Demand Share Forecast, 2019-2026
10. Latin America Satellite Machine-To-Machine (M2M) Communications Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Application
10.4.1. Freight
10.4.2. Transportation
10.4.3. Military
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Type
10.7.1. Commercial Transportation
10.7.2. Heavy Equipment
10.7.3. Fixed Asset Monitoring
10.7.4. Marine Vessels
10.7.5. Government and Internal Security
10.7.6. Consumer Transportation
10.7.7. Satellite Telephones
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Satellite Machine-To-Machine (M2M) Communications Demand Share Forecast, 2019-2026
11. Europe Satellite Machine-To-Machine (M2M) Communications Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Application
11.4.1. Freight
11.4.2. Transportation
11.4.3. Military
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Type
11.7.1. Commercial Transportation
11.7.2. Heavy Equipment
11.7.3. Fixed Asset Monitoring
11.7.4. Marine Vessels
11.7.5. Government and Internal Security
11.7.6. Consumer Transportation
11.7.7. Satellite Telephones
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Satellite Machine-To-Machine (M2M) Communications Demand Share, 2019-2026
12. Asia Pacific Satellite Machine-To-Machine (M2M) Communications Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Application
12.4.1. Freight
12.4.2. Transportation
12.4.3. Military
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Type
12.7.1. Commercial Transportation
12.7.2. Heavy Equipment
12.7.3. Fixed Asset Monitoring
12.7.4. Marine Vessels
12.7.5. Government and Internal Security
12.7.6. Consumer Transportation
12.7.7. Satellite Telephones
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Satellite Machine-To-Machine (M2M) Communications Demand Share, 2019-2026
13. Middle East & Africa Satellite Machine-To-Machine (M2M) Communications Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Application
13.4.1. Freight
13.4.2. Transportation
13.4.3. Military
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Satellite Machine-To-Machine (M2M) Communications Market Size and Volume Forecast by Type
13.7.1. Commercial Transportation
13.7.2. Heavy Equipment
13.7.3. Fixed Asset Monitoring
13.7.4. Marine Vessels
13.7.5. Government and Internal Security
13.7.6. Consumer Transportation
13.7.7. Satellite Telephones
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Satellite Machine-To-Machine (M2M) Communications Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Satellite Machine-To-Machine (M2M) Communications Market: Market Share Analysis
14.2. Satellite Machine-To-Machine (M2M) Communications Distributors and Customers
14.3. Satellite Machine-To-Machine (M2M) Communications Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Electric Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Geotab, Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Globalstar, Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hughes Network Systems LLC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Inmarsat Plc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Iridium Communications
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lat-Lon LLC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lockheed Martin Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. M2M Data Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Orbcomm
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PeopleNet Communications
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Qualcomm, Inc
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SkyBitz
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SkyTel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Telefonica UK Limited
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Thuraya Telecommunications Company
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ViaSat Inc
14.4.18.1. Overview
14.4.18.2. Financials