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Satellite M2M and IoT Market Poised for Robust Growth, forecasted to Expand at 30% CAGR from 2021-26
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Satellite M2M & IoT Network Market is projected to grow at a CAGR of around 30% during the forecast period, i.e., 2021-26.
Report Coverage
This report offers a comprehensive analysis of the Satellite M2M and IoT Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2020
- Forecast Years: 2021-26
- Historical Years: 2016-19
Satellite M2M and IoT Market Overview
Additionally, the mounting requirements worldwide for better network flexibility at lower operational costs are further generating the need for M2M & IoT networks and, as a result, boosting the global market. Besides, owing to the continuous demand for secure & wireless networks of communication across verticals like government & military, transportation & logistics, aerospace, & heavy industries, among various others for different applications like asset tracking, acquiring real-time updates, etc., are also projected to augment the market growth during the forecast period.
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Satellite M2M and IoT Market Segmentation Outlook
The Satellite M2M and IoT is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
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.)
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Satellite M2M and IoT Market Opportunity
Technological Innovations & Extensive Application of Networks- With the soaring demand for satellite M2M & IoT networks, the development of smart cities and massive funding in connected vehicles are projected as remunerative growth opportunities for the leading market players in the forecast period. Besides, the construction, agriculture, aviation industries, etc., are other critical sectors likely to fuel the Satellite M2M & IoT Network Market growth in the years to come.
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Top Satellite M2M and IoT Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies 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), etc Others as key players shaping the market landscape.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2026?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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