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M2M Satellite Communication Market Share

Report ID: GMI8519
Published Date: Mar 2024
Report Format: PDF

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M2M Satellite Communication Market Share

Viasat and EchoStar Corporation held significant market share of over 10% in 2023. Viasat focuses on expanding its global satellite coverage, focusing on regions with limited terrestrial network infrastructure. Launching new satellites, especially in the high-throughput and low Earth orbit (LEO) categories, provides enhanced bandwidth and lower latency, making Viasat's M2M solutions more competitive globally.

EchoStar Corporation focuses on developing custom M2M solutions that cater to specific industry needs, such as precision agriculture, energy sector monitoring, and emergency response, differentiates Echostar in the market.

M2M Satellite Communication Market Companies

Major players operating in the market are:

EchoStar Corporation
Gilat Satellite Networks
Globalstar
Honeywell International Inc.
Marlink
Orange S.A.
ORBCOMM
Rogers Communication
Thales Group
Viasat

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for M2M satellite communication was valued at USD 15.7 billion in 2023 and is estimated to register a CAGR of over 13% between 2024 & 2032 due to the increasing number of partnerships among leading companies.

Hardware segment accounted for a market share of around 45% in 2023 and is expected to cross over USD 19 billion by 2032, driven by the emphasis of businesses and organizations on seeking robust communication solutions for their operations.

North America M2M satellite communication industry held a revenue share of around 37% in 2023 and is set to gain traction through 2032, driven by the continuous expansion of industries and technological advancements.

EchoStar Corporation, Gilat Satellite Networks, Globalstar, Honeywell International Inc., Marlink , Orange S.A., ORBCOMM, Rogers Communication, Thales Group are some of the major industry contenders.