NSR: Satellite M2M/IoT a $11.6 Billion Market Over Next Decade
Smallsat IoT Constellations to Disrupt, but MSS and VSAT to Continue Strong Growth
Cambridge, MA – NSR’s M2M and IoT via Satellite, 10th Edition (M2M/IoT10) report, published today, forecasts $11.6 billion in revenues will be generated over the next 10 years. All M2M and IoT applications will grow, with total retail revenues to rise at 6.6% CAGR over the coming decade, with a 14% CAGR for in-service M2M/IoT units during this same period. And, while significant attention is paid to emerging IoT smallsat constellations, NSR found MSS and VSAT offerings continue to play a solid role in the M2M/IoT growth story.
Transport & Cargo has been the main M2M/IoT market driver traditionally; however, a change in the mix of applications driving revenue will occur as new technologies, such as Iridium Certus, new flat panel antennas, and most crucially small satellite constellations, enter the market. Agriculture and Construction market segments see the strongest increases driven by partnerships with heavy machinery makers, but other segments, like Energy and Maritime, will also contribute to the future revenue pie.
“Existing satcom IoT offerings will grow strongly, although operators are preparing for longer term strategies with increased distribution, dual-mode offerings and higher bandwidth, as well as targeting new applications and offering more end to end solutions combined with analytics,” stated Alan Crisp, NSR Senior Analyst and report lead author.
Traditional MSS and VSAT satellite IoT services remain a core opportunity, but small satellite IoT constellations will disrupt the market longer term. Lower cost satellite architectures, with lower total cost of ownership for end users, will drive new customers to these services. This is especially the case where there is a pressing need for connectivity and the economics have not previously stacked up, or there were issues integrating existing form factors.
About the Report
NSR’s M2M and IoT via Satellite, 10th Edition (M2M/IoT10) is the industry’s leading resource for assessing the lucrative M2M/IoT market. M2M10 cuts through the hype of small satellite constellations and provides level-headed actionable insights into the future growth of this new market, providing the reader with the best opportunities for growth, and the impact on existing operators and service providers. The report provides deeper insight into this fast-evolving market, keeping readers abreast of recent market movements and deals. It also enables service providers and satellite operators to navigate the M2M and IoT maze to protect and expand their market position in both existing and new segments that offer long-term revenue potential.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.
Companies and Organizations Mentioned in NSR’s M2M/IoT10:
Inmarsat, Iridium, Orbcomm, Globalstar, Thuraya, Myriota, Hiber, Astrocast, Kepler Communications, Fleet Space, Lora Alliance, Airbus Defence and Space, FindMy, Lotek, John Deere, Claas, CNH Industrial, Komatsu, Caterpillar, Hitachi, Pivotel, Garmin, NOAA, GEOS, Inthinc, Blue Tree, FDA, APNTS, CTTIC, ADCC, Commsat, Hongyan, HiSky, Satixfy, Maersk, KasKilo, RigNet, Intelie Soluções em Informática SA, Auto-Comm and SAFCON, NBN Co., Minas Gerais State Government, SES, Briskcom, Speedcast, Hispasat, O2, Sky and Space Global, NanoAvionics, Virgin Orbit, Semtech, ITC Global, Marlink
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