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M2M Satellite Communication Market to Register a Healthy CAGR Throughout 2016 - 2024
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The M2M satellite communication can be segmented into three major types, by technology, devices and applications. The technology segment includes VSAT (very small aperture terminal), ST (satellite telemetry) and AIS (automatic identification system). The device segment includes satellite modems, satellite IP terminals and gateways, while the application segment includes oil & gas industries, automobiles & telecommunication, transportation, logistics, energy sector, maritime, mining industries, agriculture and healthcare. This market can also be segmented geographically into North America, Europe, Asia Pacific and RoW (Rest of the World).
There is a significant increase in the M2M satellite communication market because it ensures fast and increased return on investment made in M2M applications.The key drivers of this market include increasing M2M applications and solutions and increase in demand for data communication, while the major restraints to this market are lack of market knowledge and lack of infrastructural facilities.
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Some of the key players in the M2M satellite communication are Hughes Network System, Gemalto, Iridium Communications Inc., Globstar Inc., Kore Telematics, Orbcomm, Rogers Communications Inc., Orange SA and Teliasonera.
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