According to Northern Sky Research (NSR), the smallsat IoT business is on the way to becoming a $1 billion market in just eight years. New Space startups in this area are increasing their momentum of building constellations and developing technologies, aiming to provide keener competition with the big satellite companies. These predictions, IoT applications, and more were.
While NSR has been less optimistic on the prospect of the broadband connected car, one market that does present greater opportunities and is often overlooked is the narrowband connected vehicle market. While this market won’t have the potential mass market appeal of terrestrial technologies providing consumer entertainment, this will provide a strong value proposition across a range of.
With countries learning to adapt to COVID-19, the construction industry is rebounding after a relative lull in the level of construction, not to mention supply chain issues halting other construction sites. With construction ramping up, heavy equipment manufacturers are no longer just interested in revenues from only hardware and are expanding into connectivity as a service and analytics platforms. While.
A lot has changed in the smallsat IoT market in the last year, with a plethora of IoT smallsat launches, a number of new funding rounds, and a major acquisition as well. This market is heating up, and although there have been some delays from COVID-19, particularly with launches and chip supply issues, substantial progress.
NSR’s M2M and IoT via Satellite, 12th Edition ( M2M12 ) report, published today, forecasts the dedicated IoT constellations market reaching $990 million in annual total retail revenues by 2030, reflecting ~44 % of the total satcom IoT market. Due to the low cost of Smallsat IoT terminals and ongoing subscription fees to end users,.