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Satellite Machine-to-Machine (M2M) Communications - Global Strategic Business Report

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    Report

  • 332 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1824104
Description Jump to:
The global market for Satellite Machine-to-Machine (M2M) Communications is estimated at US$3.0 Billion in 2023 and is projected to reach US$7.5 Billion by 2030, growing at a CAGR of 14.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the satellite M2M communications market is driven by several factors. Increasing demand for connectivity in remote and underserved regions is a primary driver, as industries seek reliable communication solutions to manage and monitor assets in isolated locations. The proliferation of IoT devices and the need for real-time data transmission for applications such as asset tracking, environmental monitoring and disaster response further fuel market growth. Technological advancements, particularly the deployment of LEO satellite constellations and improvements in satellite communication technology, are making satellite M2M more accessible and cost-effective. Additionally, regulatory support and the development of international standards for satellite communication are facilitating market expansion. The rise of smart agriculture, remote healthcare, and autonomous vehicles also presents new opportunities for satellite M2M applications. These factors, combined with ongoing innovation and investment in satellite technology, are expected to drive sustained growth in the satellite M2M communications market in the coming years.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Satellite Telemetry segment, which is expected to reach US$2.8 Billion by 2030 with a CAGR of a 13.7%. The Automatic Identification System (AIS) segment is also set to grow at 13.1% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.0 Billion in 2023, and China, forecasted to grow at an impressive 16.8% CAGR to reach $995.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Satellite Machine-to-Machine (M2M) Communications Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Satellite Machine-to-Machine (M2M) Communications Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Satellite Machine-to-Machine (M2M) Communications Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Honeywell International, Inc., General Electric Company, Singapore Telecommunications Ltd. (SingTel), and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 45 Featured):

  • Honeywell International, Inc.
  • General Electric Company
  • Singapore Telecommunications Ltd. (SingTel)
  • Sierra Wireless, Inc.
  • Israel Aerospace Industries Ltd.
  • Telenor ASA
  • ORBCOMM
  • Telit IoT Platforms, LLC
  • Leonardo SpA
  • SkyBitz, Inc.
  • Applied Satellite Technology Systems Ltd.
  • Quake Global, Inc.
  • Telenor Satellite
  • Prodigium Group Ltd.
  • mu Space and Advanced Technology Co., Ltd.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Brief Overview of the Satellite Industry
  • Factors Affecting the Satellite Sector
  • Short-Term Market Opportunities
  • Opportunities in Ka-Band Services
  • Role of ITU in the Satellite Industry
  • Satellite Industry Defies Recession
  • Mobile Satellite Services Market: An Insight
  • Military and Government: Key Customers of Mobile Satellite Communications
  • Regulatory Environment
  • An Introduction to Machine-to-Machine (M2M) Communication
  • Key Components of M2M Communication System
  • Applications of M2M Communication Technology
  • Wireless M2M Systems
  • Satellite M2M Communication
  • Select End-Uses of Satellite M2M Systems
  • Satellite Telephones: An Application of Satellite M2M Technology
  • Machine-to-Machine (M2M) Communication: Turns into a Huge Market Opportunity
  • Satellite M2M Communication: Harnessing the Power of Satellite Networks to Establish M2M Communications
  • Satellite M2M Services - Turning into a Lucrative Recurrent Revenue Stream for Satellite Network Operators
  • Widespread Proliferation of Satellite-Enabled Devices Steers Market Momentum
  • Satellites Hold Potential of Bolstering IoT Connectivity
  • US & Europe: Prime Revenue Contributors
  • US & Europe Collectively Account for Nearly 2/3rd Share of the World Satellite M2M Communication Market - Percentage Breakdown of Revenues for US, Europe & Rest of World (2023 & 2030)
  • Developing Regions: Hot Spots for Future Growth
  • Global Satellite M2M Communication Market - Geographic Regions Ranked by % CAGR (Revenues) for 2023 & 2030: China, Asia-Pacific, Rest of World, Europe, USA, Canada, and Japan
  • Positive Momentum in Satellite Services Sector Lends Platform for Market Growth
  • Competitive Scenario: American Companies Dominate the Market
  • Satellite Companies Closing the Connectivity Gap
  • Remote Monitoring & Need for New Data Sources to Augment Satellite M2M Services
  • Recent Market Activity
  • Satellite Machine-to-Machine (M2M) Communications - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Robust Opportunities in the Automotive Sector
  • World Automobile Production in Million Units: 2008-2023
  • Security & Surveillance Systems: Prominent End-Use Domain
  • Growing Role of IoT Elevates Importance of Satellite M2M
  • Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
  • Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2023
  • Satellite IoT: Driving the New Space Era
  • M2M Technology Poised to Transform UAE Businesses
  • Widespread Use in Aerospace & Defense Applications
  • Defense Spending Patterns Influence Market Uptake
  • Global Military Spending (in US$ Billion) for the Years 2014 through 2023
  • Satellite SCADA Applications Gaining Traction
  • Growing Relevance of SCADA-HMI
  • RTUs: The Fundamental Building Block for SCADA Systems
  • Satellite M2M Gains Critical Importance in Transportation & Logistics Applications
  • Widening Use Case in Commercial Land Transportation
  • Spiraling Competition in the Trucking Industry Drives Focus on Telematics
  • World Commercial Vehicle Telematics Market by Region/Country (2021 & 2023): Percentage Breakdown of Revenues for US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World
  • Commercial Vehicle Tracking & Monitoring Systems for Emergency Crash Response
  • Government Intervention Bodes Well for the Market
  • World Spending on Logistics (in US$ Trillion) for the Years 2019, 2021 & 2023
  • Breakdown of Annual Production of Commercial Vehicles (Trucks, Trailers & Buses) in Million Units for Years 2019, 2021 & 2023
  • Satellite M2M Services Gain Increased Acceptance in the Maritime Industry
  • Satellite M2M for Shipping Fleet Optimization
  • Satellite M2M Seeks to Widen its Role in Oil & Gas Sector
  • Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2023
  • Global Oil & Gas E&P Industry Spending (in US$ Billion) for the Years 2015 through 2023
  • Declining Cost & Complexity of Implementation to Drive Uptake of Satellite M2M Services
  • Cost Benefits of Satellite M2M in End-Use Sectors
  • Government Intervention Bodes Well for the Market
  • New Technology Innovations & Product/Service Developments to Drive Growth
  • Dual Mode Solutions to Help Sustain Demand Prospects for Satellite M2M
  • Cloud Platforms to Expand Reach of Satellite M2M
  • Development of Multi-Network M2M Platforms Spearhead Market Growth
  • Standardization: Key for Wider Adoption of Satellite M2M
  • Market Challenges
  • Intense Competition from Cellular M2M Networks
  • Security Concerns Limit Growth Opportunities
  • High Equipment and Bandwidth Cost Restrain Growth
  • Low Awareness about Satellite Capabilities Hampers Adoption
  • Lack of Interoperable Equipment
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Satellite Machine-to-Machine (M2M) Communications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Satellite Machine-to-Machine (M2M) Communications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Satellite Machine-to-Machine (M2M) Communications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Satellite Telemetry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Satellite Telemetry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Satellite Telemetry by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Automatic Identification System (AIS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Automatic Identification System (AIS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Automatic Identification System (AIS) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Very Small Aperture Terminal (VSAT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Very Small Aperture Terminal (VSAT) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Very Small Aperture Terminal (VSAT) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Transportation & Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Transportation & Logistics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Transportation & Logistics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Maritime by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Maritime by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Maritime by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Security & Surveillance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Security & Surveillance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Security & Surveillance by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 29: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 30: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 32: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 33: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 34: World Satellite Machine-to-Machine (M2M) Communications Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Satellite Machine-to-Machine (M2M) Communications Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • The Prime Market for Satellite M2M Communication Services
  • Satellite M2M Communication Seeks Role in the Transportation and Logistics Domain
  • Opportunities in Defense and Military Sector
  • Progression in Wireless/Cellular M2M Remains a Major Concern
CANADA
  • Market Overview
JAPAN
  • Satellite Machine-to-Machine (M2M) Communications Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Satellite Machine-to-Machine (M2M) Communications Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • China Evolves into a Core Market
EUROPE
  • Satellite Machine-to-Machine (M2M) Communications Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Steady Growth Projected over the Next Few Years
  • Regulations Governing M2M Market
  • Satellite M2M Aims to Make Inroads into Telematics Domain
FRANCE
  • Satellite Machine-to-Machine (M2M) Communications Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Satellite Machine-to-Machine (M2M) Communications Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • An Overview
ITALY
UNITED KINGDOM
  • Satellite Machine-to-Machine (M2M) Communications Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • An Overview
REST OF EUROPE
ASIA-PACIFIC
  • Satellite Machine-to-Machine (M2M) Communications Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • The Rapidly Growing Market for Satellite M2M Services
  • Potential Opportunities Prevail in the Transportation Sector
  • Heavy Equipment Market Drives Demand for M2M
  • Vendors Face Competition from Cellular M2M Networks
REST OF WORLD
  • Market Overview
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Honeywell International, Inc.
  • General Electric Company
  • Singapore Telecommunications Ltd. (SingTel)
  • Sierra Wireless, Inc.
  • Israel Aerospace Industries Ltd.
  • Telenor ASA
  • ORBCOMM
  • Telit IoT Platforms, LLC
  • Leonardo SpA
  • SkyBitz, Inc.
  • Applied Satellite Technology Systems Ltd.
  • Quake Global, Inc.
  • Telenor Satellite
  • Prodigium Group Ltd.
  • mu Space and Advanced Technology Co., Ltd.

Table Information

Report AttributeDetails
No. of Pages332
PublishedNovember 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 3 Billion
Forecasted Market Value ( USD ) by 2030 $ 7.5 Billion
Compound Annual Growth Rate14.2%
Regions CoveredGlobal

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