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Global Satellite Communication for IoT Network Market
- June 2, 2020
- ID: SR/ICT-63
- Format:Pdf
- Pages:220
Global Satellite Communication for IoT Network Market by Services (Aviation Tracking & Surveillance, Remote Asset Management, Earth Observation, Analytics and Others), by End-User Industry (Military, Oil & Gas, Aviation, Maritime, Land-transportation, Manufacturing and Others ), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) - Global Forecast to 2027
Global Satellite Communication for IoT Network Market Overview:
Satellite Communication is composed of a space segment, a ground segment, and a user segment. Satellite communication technology (Satellite communication technology) is a communication between two or more terminals that uses artificial earth satellites as relay stations to forward radio waves. From the perspective of the Internet of Things, the essence of the satellite Internet of Things is to use aerospace technology to realize the commercial value of the global Internet of Everything with the help of social and capital resources.
Global Satellite Communication for IoT Network Market Insights
The global satellite communication for the IoT network market will grow at a noteworthy CAGR during the forecast period, 2020-2027. The growth of the market is driven by secure and high-speed wireless communication and the increasing demand for higher flexibility at a low cost. Additionally, the surge in demand for IoT service, which reduces the consumer expenditure and has increased the financial viability of the consumer terminals are projected to drive the growth of the market in the forecast span. Further, the increasing demand for fast and flexible wireless communication across various industries such as transportation and logistics, natural resources, heavy industries, aviation, and government and military will spur the global satellite communication for IoT network market size. Also, the upsurge in demand for IoT end-device connectivity is anticipated to fuel the demand for satellite communication for IoT across the globe in the coming years.
Moreover, the growing application of satellite IoT communication in oil and gas companies to monitor wellheads, pipelines, and discharge sensors will augment the market’s growth in the analysis period. The satellite-based Internet of Things can effectively supplement the ground Internet of Things in areas where ground signals cannot be covered. In addition to container ocean transportation, it can also be used in marine island communications, oil and power supervision, agricultural machinery data collection and transportation, and construction machinery information transmission. Furthermore, the satellite based-IoT will change environmental monitoring, agriculture, public infrastructure management, and anything related to wide-area remote sensing. The availability of low cost, low power global connectivity will surge the total number of connected sensors and data-points in a variety of global environmental, societal, industrial, agricultural, and logistical applications.
Growth Driver
Increase in the applications of IoT-based satellite communication
With the rapid and iterative development of communication technologies, especially the opening of 5G construction and the introduction of IoT communication standards including LoRa, NB-IoT, etc., the Internet of Everything has already had an industrial technology foundation. With the advancement of artificial intelligence, cloud computing, big data, edge computing and other technologies, the Internet of Things, as the execution end of data collection, environment perception and control, continues to expand its application scenarios. Therefore, as a powerful supplement to the Internet of Everything, satellite communications, which are not affected by the geographical environment and climate environment, have all-weather service capabilities, and have gradually gained the favor of the industry.
Services Segmental Analysis
Based on the services, the global satellite communication for IoT network market categorized into aviation tracking & surveillance, remote asset management, earth observation, analytics, and others. The remote asset management will witness remarkable growth in the forecast period. It is primarily attributed to the remote asset universal coverage anywhere on earth, including at sea and in remote and underpopulated areas that lack terrestrial infrastructure. These are applicable for manufacturing, automotive and transport, supply chain, field service, environmental monitoring, security, agriculture.
The earth observation will grow with a lucrative CAGR in the estimated period due to earth observation provides services ranging from near-real-time image acquisition to data interpretation using a host of satellite platforms.
End-User Industry Segmental Analysis
Based on the end-user industry, the global satellite communication for IoT network market segregated into military, oil & gas, aviation, maritime, land-transportation, manufacturing, and others. The maritime captured the largest share in 2019 and projected to dominate the global satellite communication for the IoT network market by 2027. It is due to its help in monitoring fishing buoys, fisheries, container tracking, bilge, and exhaust discharge.
The oil & gas will grow at a significant rate in the forecast period because it helps companies monitor wellheads, pipelines, and discharge sensors.
Region Segmental Analysis
Based on geography, the global satellite communication for IoT network market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for the largest share in the global satellite communication for the IoT network market in 2019. It is due to the rise in initiatives in manufacturing satellites with the help of 3D printing and the launch of technologically advanced satellites that provide inherent network redundancy and minimize the line-of-sight issues for continuous global coverage.
Europe occupied a prominent share of the satellite communication for the IoT network market and projected to remain dominant by 2027. Due to the presence of key manufacturers, and service providers involved in the satellite communication for IoT networks market, and the surge in demand for IoT based satellite in asset monitoring, and fleet management in various industries.
Competitor Analysis
Companies such as Myriota, Aistech, SAS, Open Cosmos, Astrocast, Fleet Space Technologies, Hiber, Analytical Space, Kepler Communications, Commsat Technology Development Co Ltd, KLEO, Kinesis, NanoAvionics, Accion Systems, Phase Four, Syrlinks, Vector, LinkSpace, Helio Wire, Kymeta, and Phasor are the key players in the global satellite communication for IoT network market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global satellite communication for IoT network service providers
- Research organizations and consulting companies
- Organizations, associations, and alliances related to satellite communication for IoT network
- Regulatory bodies
Recent Developments
- In September 2021, hiSky and AVANTI partnered to expand IoT service over Africa, amongst other regions.
- In September 2021, Skylo Technologies announced to build an affordable global two-way IoT network using satellite communications.
- In August 2021, Ligado and Mavenir collaborated to develop base stations for a 5G mobile satellite network for IoT in the United States and North America.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Services
- Aviation Tracking & Surveillance
- Remote Asset Management
- Earth Observation
- Analytics
- Others
By End-User Industry
- Military
- Oil & Gas
- Aviation
- Maritime
- Land-transportation
- Manufacturing
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Satellite Communication for IoT Network Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- Global Satellite Communication for IoT Network Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Services
- Aviation Tracking & Surveillance
- Remote Asset Management
- Earth Observation
- Analytics
- Others
- By End-User Industry
- Military
- Oil & Gas
- Aviation
- Maritime
- Land-transportation
- Manufacturing
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Services
- Demand
- Market Size & Forecast, 2016-2027
- North America Satellite Communication for IoT Network Market Overview
- North America Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Satellite Communication for IoT Network Market Share & Forecast, 2016-2027
- By Services
- Aviation Tracking & Surveillance
- Remote Asset Management
- Earth Observation
- Analytics
- Others
- By End-User Industry
- Military
- Oil & Gas
- Aviation
- Maritime
- Land-transportation
- Manufacturing
- Others
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Satellite Communication for IoT Network Market
- By Services
- Demand
- North America Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- Europe Satellite Communication for IoT Network Market Overview
- Europe Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Satellite Communication for IoT Network Market Share & Forecast, 2016-2027
- By Services
- Aviation Tracking & Surveillance
- Remote Asset Management
- Earth Observation
- Analytics
- Others
- By End-User Industry
- Military
- Oil & Gas
- Aviation
- Maritime
- Land-transportation
- Manufacturing
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Satellite Communication for IoT Network Market
- By Services
- Demand
- Europe Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- Asia Pacific Satellite Communication for IoT Network Market Overview
- Asia Pacific Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- By Services
- Aviation Tracking & Surveillance
- Remote Asset Management
- Earth Observation
- Analytics
- Others
- By End-User Industry
- Military
- Oil & Gas
- Aviation
- Maritime
- Land-transportation
- Manufacturing
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Satellite Communication for IoT Network Market
- By Services
- Asia Pacific Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- South America Satellite Communication for IoT Network Market Overview
- South America Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Satellite Communication for IoT Network Market Share & Forecast, 2016-2027
- By Services
- Aviation Tracking & Surveillance
- Remote Asset Management
- Earth Observation
- Analytics
- Others
- By End-User Industry
- Military
- Oil & Gas
- Aviation
- Maritime
- Land-transportation
- Manufacturing
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Satellite Communication for IoT Network Market
- By Services
- Demand
- South America Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- Middle East & Africa Satellite Communication for IoT Network Market Overview
- Middle East & Africa Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Satellite Communication for IoT Network Market Share & Forecast, 2016-2027
- By Services
- Aviation Tracking & Surveillance
- Remote Asset Management
- Earth Observation
- Analytics
- Others
- By End-User Industry
- Military
- Oil & Gas
- Aviation
- Maritime
- Land-transportation
- Manufacturing
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Satellite Communication for IoT Network Market
- By Services
- Demand
- Middle East & Africa Satellite Communication for IoT Network Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Myriota
- Aistech
- SAS
- Open Cosmos
- Astrocast
- Fleet Space Technologies
- Hiber
- Analytical Space
- Kepler Communications
- Commsat Technology Development Co Ltd
- KLEO
- Kinesis
- NanoAvionics
- Accion Systems
- Phase Four
- Syrlinks
- Phasor
- Other Prominent Players
Frequently Asked Questions (FAQ):
Satellite communication technology is communication between two or more terminals that forward radio waves using artificial earth satellites as relay stations.
An increase in the applications of IoT-based satellite communication, the increasing demand for higher flexibility at a low cost, and secure and high-speed wireless communication are the growth drivers of the Global Satellite Communication for the IoT network Market.
Military, Oil & Gas, Maritime, Aviation, Land-transportation, Manufacturing, and Others are the key end-user industries of Satellite Communication for IoT Network products.
Aistech, Myriota, SAS, Astrocast, Open Cosmos, Fleet Space Technologies, Kepler Communications, Commsat Technology Development Co Ltd, Hiber, Analytical Space, KLEO, Kinesis, NanoAvionics, Accion Systems, LinkSpace, Helio Wire, Phase Four, Syrlinks, Vector, Kymeta, and Phasor are the critical companies of Satellite Communication for IoT network market.
Globally, North America accounted for the maximum share in the satellite communication for the IoT network market in 2020 due to the rise in manufacturing satellites.
