The Global Satellite M2M Communications Market is Projected to be US$2 Billion by 2022

Gradually Reducing Cost & Complexity of Implementations to Drive Growth in the Global Satellite Machine-to-Machine (M2M) Communications Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Satellite Machine-to-Machine Communications (M2M) market. The global Satellite M2M Communications market is projected to be US$2 billion by 2022 in service revenues, driven by reducing cost and complexity of their implementations and subsequent rise in their adoption, particularly for remote asset tracking, monitoring and control applications.

Defined as a technology that enables connection among multiple similar machines/devices over wired or wireless networks enabling data from one machine to be transmitted to other machines in the network, M2M has been gaining significant attention in recent times. By enabling direct communication and data exchange between them, M2M technology makes devices/machines capable of being accessed, monitored and controlled by other devices, and perform desired functions with little or no human intervention, thus opening up a range of possibilities in diverse end-use application areas. While short range wireless network and cellular network based communications currently dominate M2M landscape, satellite M2M, which enables data exchange among multiple devices or machines through satellite networks, is a small but rapidly evolving niche.

Though M2M communications are still identified with cellular and short range wireless networks, the inability of these networks to offer coverage in all regions especially in hostile and remote locations, is bringing into the spotlight the significance of satellite networks for M2M deployments. Satellites cover the entire earth and therefore are capable of delivering robust communication networks at any location or region, be it land, air or sea and even in extreme environmental conditions with minimal human intervention. Satellite M2M deployments are therefore primarily driven by niche applications where terrestrial and cellular communications cannot be easily established or prone to frequent outages such as in vast desert areas, oceans, oil & gas sites, aviation and dangerous combat zones etc. 

Satellite M2M is widely used in the freight and public transportation sectors for automatically tracking & monitoring moving vehicles, tracking & monitoring logistical assets in transit, and coordinating/managing fleet etc. from remote location with little or no human intervention. Satellite networks, given their widespread coverage provide real time tracking and monitoring support for large commercial truck fleets across continents or for coordinating maritime fleet vessels across the oceans. The adoption of satellite M2M has also been widespread in military/defense sector where they are used for tracking combat assets; enabling security & surveillance at unmanned areas etc. 

As stated by the new market research report on Satellite Machine-to-Machine (M2M) Communications, the United States represents the largest market worldwide, while Asia-Pacific ranks as the fastest growing market with service revenues from the region waxing at a CAGR of 10.0% over the forecast period. The growth in the region is led by expanding transportation and logistics activity backed by growing commercial and retail industry in Asian economies; robust investments in high throughput satellites; and increased adoption of Internet of Things (IoT) across all vectors of the economy.

Major players in the market include General Electric Company, Geotab Inc., Globalstar Inc., Honeywell International, Hughes Network Systems LLC, Inmarsat plc, Iridium Communications Inc., Lat-Lon LLC, Lockheed Martin Corporation, M2M Data Corporation, Orbcomm Inc., PeopleNet Communications, Qualcomm Inc., SkyBitz, Telefónica UK Limited, Thuraya Telecommunications Company, ViaSat Inc., and Wireless Matrix Inc. among others.

The research report titled “Satellite Machine-to-Machine (M2M) Communications: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for Satellite M2M Services by revenue in US$ million for all major geographic markets such as the US, Europe, Asia-Pacific, Latin America and Rest of World markets.  Global Satellite M2M Services market is also analyzed by end-use segments - Freight, Transportation, Military and Others. The report also provides global market size data for satellite M2M hardware by hardware revenue and in units by installed base.

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