NSR previously identified the pivot of Land Mobile from narrowband revenues to broadband revenues. With massive bandwidth requirements (and potentially terabytes of data) due to highly sophisticated software systems, Connected Cars are one component of this new revenue growth, and with a huge addressable market, it’s no wonder satellite operators, ground equipment manufacturers and service.
NSR found the Land Mobile via satellite will reach an inflection point where the change in the revenue mix will undergo quite a profound shift from narrowband technologies to broadband platforms and use cases. So, what does this mean for satellite operators and services providers?
MarketScreener: NSR Report: Connected Vehicles and Broadband Drive Land Mobile Satcom in Next Decade
Within the article “NSR Report: Connected Vehicles and Broadband Drive Land Mobile Satcom in Next Decade”- “Longer-term, NSR sees accelerated revenue growth driven by a fundamental shift from narrowband applications and towards broadband as a share of revenues,”
New NSR Report, Land Mobile via Satellite, 8th Edition (LMvS8), finds Connected Car to Become $1 Billion Market in 2029, as Revenues Shift from Narrowband Communications