The interplay between Exploration and Exploitation is critical for the long-run performance of a solution, company, or sector. Enterprise VSAT market revenues have plateaued with long exploitation of the conventional satellite connectivity offerings and hence, the industry had been in exploration for next-gen technologies, products or solutions to push the segment’s topline on the growth.
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.
Fierce Wireless : Sequans CEO Georges Karam on working with Lockheed Martin on satellite LTE for IoT, M2M
LTE over satellite could come to play a critical connectivity role for emerging global IoT and M2M networks. Northern Sky Research estimates there will be 5.8 million M2M and IoT connections via satellite globally by 2023.
Satnews: The Development of LTE for Satellite Finds Sequans Communications and Lockheed Martin Pairing Up
M2M9 quoted in Satnews’ article ‘The Development of LTE for Satellite Finds Sequans Communications and Lockheed Martin Pairing Up’ – “According to industry analysts, satellite is a critical component of communications networks, including IoT and M2M networks, as the industry evolves to 4G, 5G and beyond.