Global Satellite-enabled IoT Market 2017-2021

This industry research report identifies Eutelsat, Inmarsat, MDA, Orbital ATK, and SES as the key vendors in the global satellite-enabled IoT market. This industry research report also presents a competitive analysis of the market by application (military based and transportation and cargo based) and by geography (the Americas, APAC, and EMEA).

Overview of the global satellite-enabled IoT market

Technavio's satellite-enabled IoT market forecast predicts that the global satellite-enabled IoT market will grow steadily at a CAGR of around 7% by 2021. This market research analysis identifies the need to connect the remote locations as one of the primary factors for this satellite-enabled IoT market growth. As per the satellite-enabled IoT industry analysis, internet connectivity will be provided to remote locations. Innovations in high throughput satellite (HTS) are currently offering data connections at a much lower cost per bit than conventional satellites. HTS-based services have reduced the consumer expenditure and have also increased the financial viability of the consumer terminals. Vendors are increasingly focusing on commercializing the high-speed satellite by using government buildings and schools as common access points.

The evolution of IoT will be one of the major satellite-enabled IoT market trends that will gain traction in this global market in this coming years. IoT is a network of devices that collect and exchange data over the Internet. IoT devices have the need for a network with more bandwidth and higher data rate communications and services. This will result in fatigued networks especially in the remote regions of the world and results in the need for using satellites for providing higher bandwidth information. The European Space Agency along with Airbus Defense and Space has already designed the SpaceDataHighway that features Earth's observation satellites and a set of low-Earth orbit satellites and can be used for various applications including emergency response, open ocean surveillance, unmanned aerial systems communication, and weather forecast.

Competitive landscape and key vendors

The satellite-enabled IoT market is highly competitive and fragmented due to the presence of numerous international and regional vendors who offer heterogeneous products and services. In addition to quality, cost, and reliability, these vendors also compete based on factors such as invention, innovation, and the upgradation of existing technologies. The increase in tension among neighboring countries, the rise in number of illegal activities across borders, and the demand for network services to facilitate the implementation of security-related devices and equipment, influence the growth of the vendors in this marketspace.

The leading vendors in the market are -

• Eutelsat
• Inmarsat
• MDA
• Orbital ATK
• SES

The other prominent vendors in the market are Lockheed Martin, SpaceX, Thales Alenia Space, and Thuraya.

Satellite-enabled IoT market segmentation by application and its analysis

• Military-based
• Transportation and cargo-based

The military-based segment will account for the major shares of the satellite-enabled IoT market throughout the forecast period. The increasing need for mobile connectivity in remote areas and isolated terrains increases the demand for satellite-enabled IoT tools such as GPS systems, tracking devices, health and personnel monitoring devices, just-in-time equipment maintenance, and IoT technologies to support tactical reconnaissance and enhance mission reliability and security.

Satellite-enabled IoT market segmentation by geography and its analysis

• Americas
• APAC
• EMEA

Americas is witnessing an increase in government initiatives in manufacturing satellites with the aid 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. The high frequency of each satellite signals enhances message delivery. This market study estimates that the Americas will be the major revenue contributor to the satellite-enabled IoT market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global satellite-enabled IoT market?
• What are the key market trends impacting the growth of the global satellite-enabled IoT market?
• What are the challenges to market growth?
• Who are the key vendors in the global satellite-enabled IoT market?
• What are the market opportunities and threats faced by the vendors in the global satellite-enabled IoT market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global satellite-enabled IoT market?

Technavio also offers customization on reports based on specific client requirement.

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This market research report on the global satellite enables IOT market also takes into account the growth of related markets like electric propulsion satellite, which is expected to post an impressive CAGR of close to 14% 2021. Spacecraft are used for a variety of purposes, including meteorology, Earth observation, communications, space colonization, and transportation of people and cargo. The upcoming industry report on the global satellite enables IOT market also offers insights into fast-growing segments within the aerospace and defense industry, including sectors like general aviation and homeland security. Additionally, the report also presents insights into the changing competitive landscape and gives clients a realistic picture of the future direction of the industry.

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