Global MM Satellite Communication Market Overview
M2M (machine to machine) satellite communication is a technology that allows both wired and wireless systems to send and receive data. It is widely used to transfer and control data in remote locations with limited broadband networks. M2M satellite communication consists of technologies such as satellite telemetry, VSAT (Very Small Aperture Terminal), and network devices such as BGAN terminals, satellite modems, and gateways for assisting users to send and receive data. M2M Satellite Communication Market accounted for US$ 8.2 billion in 2024 and is estimated to be US$ 157.5 billion by 2034 and is anticipated to register a CAGR of 38.40%
Rising demand for solutions to access and asset tracking, coupled with increase in client communication from remote location are expected s to create lucrative growth opportunities in the target market during the forecast period. Technological advancements in the new version of M2M satellite communication by satellite service providers and the low cost involved in integration new version M2M systems are major factors driving growth of the global M2M satellite communication market. However, lack of awareness among users and rising security concerns in cloud storage are factors restraining the growth of global M2M satellite communication market.
The global M2M satellite communication market has been segmented on the basis of technology, network device, service, industry vertical, and region.
On the basis of technology of global M2M satellite communication market the target market has been segmented into satellite telemetry, VSAT, and AIS (automatic identification system). On the basis of network devices the target market has been segmented into satellite IP terminals, satellite modems, and gateways. On the basis of service the target market has been segmented into managed service, data services, voice service, business service, and other service.
On the basis of industry vertical the target market has been segmented into automotive, maritime, oil and gas, energy and utility, government and public sector, mining, transportation and logistics, healthcare, security and surveillance, agriculture, retail, and others.
On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account major market share as compared to that of other regions.
Key players operating in the global M2M satellite communication market includes KORE Wireless Group, Inc., Orange SA, Numerex Corp., Ibexis Ltd., ELSE SA, Orbcomm Inc., Iridium Communications Inc., ORBCOMM, Quake Global, Inc., Stellar Satellite Communications Ltd., and Remote Intelligence Systems LLC.
Global MM Satellite Communication Market Table of Contents
Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology
- Market Snippet, By Network Device
- Market Snippet, By Service
- Market Snippet, By Industry Vertical
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
M2M Satellite Communication Market, By Technology, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Satellite Telemetry
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- VSAT
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- AIS (Automatic Identification System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
M2M Satellite Communication Market, By Network Device, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Satellite IP Terminals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Satellite Modems
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Gateways
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
M2M Satellite Communication Market, By Service, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Managed Service
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Data services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Voice Service
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Business Service
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Other Service
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
M2M Satellite Communication Market, By Industry Vertical, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Maritime
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Oil and Gas
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Energy and Utility
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Government and Public Sector
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Mining
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Transportation and Logistics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Healthcare
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Security and Surveillance
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Agriculture
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Retail
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
M2M Satellite Communication Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Network Device , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Service , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Industry Vertical , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Network Device , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Service , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Industry Vertical , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Network Device , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Service , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Industry Vertical , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Network Device , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Service , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Industry Vertical , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Technology, Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Network Device , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Service , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Industry Vertical , Forecast Period up to 10 Years
- Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles
- KORE Wireless Group, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Orange SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Numerex Corp
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ibexis Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ELSE SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Orbcomm Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Iridium Communications Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ORBCOMM
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Quake Global
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Stellar Satellite Communications Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Remote Intelligence Systems LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
The Last Word
- Future Impact
- About Us
- Contact
FAQs
The M2M Satellite Communication Market is segmented into technology, network device, service, industry vertical, and region.
Factors include the need for global connectivity, increased demand for IoT applications, and advancements in satellite communication technology, driving global growth in the M2M satellite communication market.
Challenges include high initial costs, limited bandwidth capacity, and competition from terrestrial networks, posing restraints on the global market.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, KORE Wireless Group, Inc., Orange SA, Numerex Corp., Ibexis Ltd., ELSE SA, Orbcomm Inc., Iridium Communications Inc., ORBCOMM, Quake Global, Inc., Stellar Satellite Communications Ltd., and Remote Intelligence Systems LLC.