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
Handheld telephones are a traditional, legacy of mobile satellite service, with these devices long used for remote satcom communications. However, in recent years, growth of handhelds has flatlined, driven by increased terrestrial connectivity, new alternatives and more versatile devices. With the market undergoing increasing change, the L-band land mobile market of the past isn’t the.
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.