The global M2M satellite communication market is expected to grow at a significant CAGR during the forecast period 2024-2031. The M2M expanded as Machine to Machine satellite communication are satellite-based transmission or communication of data between a remote location and the user. This system delivers a highly effective, economic and broad coverage spectrum for transmission of data and is applicable to assist communication between remote assets. M2M Satellite Communication comprises of technology types including Satellite Telemetry that enables wireless transmission of sensors, AIS (Automatic Identification System) that enables marine radar as an automatic tracking system and VSAT (Very Small Aperture Terminal) that enables businesses and residential users with an enhanced communication system.
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The increasing demand for enriched data communication and growing adoption of M2M satellite communication among enterprises as deployed on cloud-based services are growing the market growth at a steady rate and is expected to accelerate the growth of the global M2M satellite communication market during the forecast period.
The important and efficient features attribute by M2M satellite communication includes VSAT, satellite telemetry and AIS that anticipate various growth opportunities for the market and are projected to leverage the market growth of the global M2M satellite communication market. The rising innovation and advancement of the application-based system and increasing implementation of the network management system are dominant factors that are expected to drive the market growth of the global M2M satellite communication market during the estimated period. The rising technological advancement in fleet management, vehicle tracking and asset monitoring is expected to fuel the market growth of the Global M2m Satellite Communication Market.
The increasing introduction of M2M satellite communication solutions among various industries including telecommunication, automobiles, media & entertainment is the most dominant factor that is projected to commit lucrative growth opportunities for the global M2M satellite communication market. Additionally, the rising adoption of digitization among organizations, propelling the demand for M2M satellite communication and is projected to drive the growth of the global M2M satellite communication market during the forecast period.
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Market Coverage
- Segment Covered-
o By Network Devices
o By Services
o By Vertical
o By Technology
- Competitive Landscape- Teliasonera AB, Orbcomm Inc., Viasat, Inmarsat Communications Inc., Orange S.A.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global M2M Satellite Communication Market by Segment
By Network Devices
o Gateways
o Satellite IP Terminals
o Satellite Models
o Others
By Services
o Business Service
o Data Service
o Managed Service
o Voice Service
o Others
By Vertical
o Agriculture
o Transport and Logistics
o Maritime
o Retail
o Security and Surveillance
o Oil and Gas
o Government
o Healthcare
o Others
By Technology
o VSAT
o AIS
o Satellite Telemetry
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