Global Satellite-Enabled IoT Growth Opportunities

Global Satellite-Enabled IoT Growth Opportunities

Disruptive Technologies and Transformative Mega Trends Drive Future Growth Potential and Vertical Market Expansion

RELEASE DATE
05-Jul-2021
REGION
Global
Deliverable Type
Market Research
Research Code: K4DA-01-00-00-00
SKU: AE01479-GL-MT_25553
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Description

Frost & Sullivan covers the global satellite-enabled IoT market across 19 application subsegments in this report. They are governance, security, emergency services, automotive, maritime, aviation, mass transport, finance, hospitality, retail, oil and gas (O&G), utilities, environment, energy, agriculture, industrial, healthcare, smart city, and consumers. We study IoT implementation in each subsegment, technologies involved, key aspects, connectivity challenges, potential solutions, and the value delivered.

The report analyzes incumbent and new satellite operators, providing in-depth profiles of eight new companies in the market. These enterprises drive the current industry landscape transformation through plans to launch satellite constellations that range from two to 600, including subsequent constellation phases. Small constellations lower the connectivity cost and allow the availability of end-to-end solutions at lower prices. Service providers currently target the maritime, automotive, O&G, and agriculture subsegments.

Growth drivers of the satellite-enabled IoT market include increased smart technology adoption, increased predictive analytics adoption for predictive maintenance, low cost and miniaturization of sensors, long battery life, and the adoption of dynamic and robust business models. However, several restraints such as intense competition from terrestrial infrastructure, connectivity cost, and high initial investment capital remain. Although their impact is high to medium in the short term, Frost & Sullivan projects a progressive reduction in effect over the forecast period.


Research Highlights

  • Current and planned future applications in the market
  • Value propositions for satellite-enabled IoT services
  • Data sets required to provide a comprehensive solution specific to the use case
  • The role of satellite-based connectivity in IoT architecture
  • Drivers and restraints for each application subsegment and growth opportunities

Author: Prachi Kawade

RESEARCH: INFOGRAPHIC

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Frost & Sullivan covers the global satellite-enabled IoT market across 19 application subsegments in this report. They are governance, security, emergency services, automotive, maritime, aviation, mass transport, finance, hospitality, retail, oil and gas (O&G), utilities, environment, energy, agriculture, industrial, healthcare, smart city, and consumers. We study IoT implementation in each subsegment, technologies involved, key aspects, connectivity challenges, potential solutions, and the value delivered. The report analyzes incumbent and new satellite operators, providing in-depth profiles of eight new companies in the market. These enterprises drive the current industry landscape transformation through plans to launch satellite constellations that range from two to 600, including subsequent constellation phases. Small constellations lower the connectivity cost and allow the availability of end-to-end solutions at lower prices. Service providers currently target the maritime, automotive, O&G, and agriculture subsegments. Growth drivers of the satellite-enabled IoT market include increased smart technology adoption, increased predictive analytics adoption for predictive maintenance, low cost and miniaturization of sensors, long battery life, and the adoption of dynamic and robust business models. However, several restraints such as intense competition from terrestrial infrastructure, connectivity cost, and high initial investment capital remain. Although their impact is high to medium in the short term, Frost & Sullivan projects a progressive reduction in effect over the forecast period.--BEGIN PROMO--

Research Highlights

  • Current and planned future applications in the market
  • Value propositions for satellite-enabled IoT services
  • Data sets required to provide a comprehensive solution specific to the use case
  • The role of satellite-based connectivity in IoT architecture
  • Drivers and restraints for each application subsegment and growth opportunities

Author: Prachi Kawade

More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Prachi Kawade
Industries Aerospace, Defence and Security
WIP Number K4DA-01-00-00-00
Is Prebook No
GPS Codes 9000-A1