Connected Vehicles and HTS Comms on the Pause Services Positioned as Fastest-Growing Satellite Land Mobile Markets Cambridge, MA – May 5, 2022- In its 10th year, NSR’s landmark Land Mobile via Satellite (LMvS10) report finds a significant revenue migration underway from narrowband to broadband applications. Though currently dominated by narrowband services, connected vehicles and High Throughput Satellite.
Interest in space is exploding, with the industry seeing growth and opportunities that weren’t just dormant, they simply didn’t exist 5-10 years ago. Over the next decade, according to NSR’s Global Space Economy, 2nd Edition, cumulative revenue is expected to hit USD $1.25T. Video, the use-case that built most of the satellite industry and continues.
While maritime and aero are key satellite markets due to clear remoteness, land mobile and M2M/IoT markets have always had to face competitive pressures from terrestrial networks. However, a new generation of networks which use similar technologies to terrestrial networks will be coming online in the coming years, promising unified connectivity on the same chipset..
Overall, enterprise land mobile has been seeing steady growth; however, for some time there hasn’t been any major changes to the dynamic. Instead, some of the more notable growth opportunities come from the consumer market, and potentially from connected vehicles as well. With other markets experiencing higher growth opportunities due to higher bandwidth data usage,.
NSR has heard the hype for years of the connected car, with dreams of every vehicle having a satellite dish on its roof. Elon Musk recently stated that Starlink will be connected to aircraft, ships, large tracks, and RVs – specifically excluding connected cars such as Teslas. Other companies by comparison, are planning to go.