Growth will remain modest across the traditional land mobile market; however, there is significant upside potential to connect vehicles — most notably buses, trains and cars with high speed, always on connectivity combining IoT type applications with in-vehicle hotspot internet. While cars have the greatest addressable market, connected trains and buses are a much surer.
Connected Vehicles Continue to Generate Buzz, but Hurdles Remain to Widescale Adoption Cambridge, MA – NSR’s Land Mobile via Satellite, 6th Edition (LMvS6), released today, forecasts the markets to yield $18 billion in cumulative retail revenues from the satcom land mobile markets, and annual retail equipment revenues to quadruple from $92 million in 2017 to $376.
In recent years, there has been a boom of announcements for satellite constellations comprising satellites weighing as little as 3 kilograms to address a growing market of machine-to-machine (M2M) and Internet of Things (IoT) via satellite. Traditionally, this market has been serviced through combinations of Ku-band Very Small Aperture Terminals (VSATs), and mobile satellite.
Satcom IoT is going from strength to strength, and not showing any signs of stopping, with NSR expecting growth to continue over the coming decade across a wide range of applications. However, on the horizon are many competing IoT network deployments that promise to significantly lower the cost of hardware and airtime costs associated with.
What does space-based IoT connectivity bring to the table? Nanosatellites are much smaller and less expensive than large satellites, so they can deliver “significantly lower costs and much smaller terminals, which can be integrated into a significantly greater number of devices — by an order of magnitude. This has the potential to add connectivity.