NSR’s recently released M2M and IoT via Satellite, 11th Edition, found that Ku-band and VSAT will indeed grow revenues, albeit more slowly than other technology types. Recent innovations will increase and accelerate demand and revenues in the medium and long term.
MSS satellite services, and smallsats are generally the main focus for M2M and IoT nowadays, with narrowband applications being well suited to these technology types. However, NSR also covers the Ku-band and VSAT M2M/IoT markets, which currently take up approximately 21% of overall revenues for satcom M2M/IoT.
M2M and IoT over satellite have mainly been implemented in cargo and transport applications, as well as in energy markets. However, one application (agriculture) is expected to buck the existing trend and achieve outsized returns…how can operators capture this growth, and excel in this increasingly competitive market?
NSR’s 5G via Satellite: Impacts, Demand and Revenue Potential to 2029 report, released today, forecasts deep 5G impact in the satellite ecosystem with close to 10 Million active units by 2029.
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.