Satellite Machine-to-Machine (M2M) Communications - Market Analysis, Trends, and Forecasts

Dublin, Ireland, January 28, 2019--The global Satellite M2M Communications market is projected to exceed US$1.9 billion by 2022 in service revenues, driven by reducing cost and complexity of M2M implementations and the resulting rise in adoption; and expanding remote asset tracking, monitoring and control applications according to a new report by Research and Markets.

Machine-to-machine (M2M) is defined as the ability of assets, devices, and machines to exchange data with management systems of a company or with people requiring information. M2M refers to data communication between a device that contains data and another device, which applies that data. The expanding numbers machines in use – electronic as well as mechanical – worldwide enhances the significance of communication between various machines. M2M communications are being employed for logistical tracking, remote monitoring, telemetry, security and scientific monitoring, and geo-fencing.

Freight, logistics and public transportation sectors are emerging as major end-use markets supported by the growing demand for technology solutions that help in achieving effective fleet management, fuel efficiency and operational cost savings. Also benefiting growth in these sectors are the recovering global trade environment and the explosion of eCommerce and the resulting increase in urban freight mobility. Other growth factors of equal importance include the foundation offered by Internet of Things (IoT) revolution and the resulting increase in demand for IoT value added services; strong projected growth in the mobile-satellite services (MMS) sector; growing prominence of L-Band connections; rising commercial value of satellite SCADA solutions; and growing investments in intelligent transportation systems (ITS) and the resulting spurt in adoption of commercial vehicle tracking and monitoring systems.

The United States represents the largest market worldwide, while Asia-Pacific ranks as the fastest growing market with 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. 

For more information go to: https://www.researchandmarkets.com/publication/mgz9ng2/1824104