Satellite M2M and IoT Network Market Share, Size and Future Projections 2021-26

Overview of the Global Satellite M2M and IoT Network Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Global Satellite M2M and IoT Network Market By Frequency Band (L-Band, S-Band, Ku- and Ka -Band, Others), By End-User (Aviation, Heavy Industries, Transportation and Logistics, Natural Resources, Government and Military, Others (Banks, Smart Cities, Connected Cars, etc.)), The Global Satellite M2M and IoT Network Market is projected to grow at around 30% CAGR during the forecast period, i.e., 2021-26. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Global Satellite M2M and IoT Network Market Growth and Scope:

Base Year: 2020

Forecast Period: 2021-26

Historical Data: 2016-19

CAGR (2021-2026): 30%

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Key Driver: Rapid Developments in the IoT Technology toward Expanding Satellite Networking

Due to the surge in investments & developments in IoT-enabled devices & services, several leading companies are likely to observe significant growth opportunities in the market and expand their scalability worldwide in the coming years. Several business verticals, consumers, and the governments of different nations are recognizing the crucial benefits of wireless connectivity, owing to which the global market has witnessed swift expansion.

With rapid innovations in the industry, users would be able to connect their global resources & manage them at a single point with the help of IoT connectivity through satellites. Additionally, the ever-increasing demand for smartphones & tablets is also surging the number of devices connected to the internet and, in turn, driving the global market.

A Comprehensive Analysis of Leading Companies of Satellite M2M and IoT Network Market by MarkNtel Advisors:

Airbus S.A.S.
Gomspace A/S
Helios Wire Corporation
Globalstar, Inc.
ORBCOMM Inc.
Eutelsat S.A.
OHB SE
Inmarsat plc.
Intelsat Corporation
The Boeing Company
KORE Wireless Group, Inc.
Vodafone Limited
Thales Group
Iridium Communications Inc.
Space Exploration Technologies Corp. (SpaceX)

Key Satellite M2M and IoT Network Market Segmentation:

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-By End-User

Aviation
Heavy Industries
Transportation & Logistics
Natural Resources
Government & Military
Others (Banks, Smart Cities, Connected Cars, etc.)

Here, the Transportation & Logistics sector dominates the market and accounted for around 39.56% share with $244.2 million revenue generation in 2017.

-By Frequency Band

L-Band
S-Band
Ku & Ka-Band

Of them all, L-Band dominates the market, and the same trend is likely to be followed in the coming years due to its capabilities to support several applications with low latency rates.

Geographical Analysis

-By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 300+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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