Global SatelliteBased IoT Service Market–A Global and Regional Analysis
Table of Content
Data-Driven Decision Making for Small and Medium Enterprises
Focus on Application, Product, and Country
Analysis and Forecast: 2023-2033
February 2023
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Global SatelliteBased IoT Service M arket
3 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket Table of Content Executive Summary..........................................................................20 Scope of the Study ...........................................................................27 1. Markets .....................................................................................29 1.1 Industry Outlook..............................................................................................30 1.1.1 Global Satellite-Based IoT Service Market: Overview..............................30 1.1.2 Current and Emerging Technological Trends...........................................31 1.1.2.1 Beginning of the 5G Era 31 1.1.2.2 Low-Power Wide-Area-Network (LPWAN) for IoT Sensors.............................31 1.1.3 Ongoing and Upcoming Projects...............................................................32 1.1.3.1 FOSSA Systems Offers Low-Cost IoT Solutions 32 1.1.3.2 Fleet Space Enables Nano-Sat-based IoT 32 1.1.3.3 Verizon Partnership with Amazon Kuiper to Deliver 5G and IoT Services 32 1.1.4 Start-ups and Investment Scenarios .........................................................33 1.1.5 Growth of IoT Domain: A Growth Factor for Satellite-Based IoT Service..........................................................................................................34 1.1.6 Upcoming Satellite Constellations: A Growth Factor for SatelliteBased IoT Service........................................................................................35 1.1.7 Value Chain Analysis 35 1.2 Business Dynamics.........................................................................................37 1.2.1 Business Drivers.........................................................................................38 1.2.1.1 Expansion of Terrestrial IoT Network 38 1.2.1.2 Access to Cheaper LEO-Based Satellite Connectivity.....................................38 1.2.1.3 Development of Smaller and Cheaper IoT Hardware 39 1.2.2 Business Challenges ..................................................................................40 1.2.2.1 Expensive GEO-Based Satellite Connectivity Services 40 1.2.2.2 Conflict between Satellite Network Latency and Ground Network Latency Requirement 41
4 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 1.2.2.3 Evolving Regulatory Framework 42 1.2.3 Corporate Strategies...................................................................................43 1.2.3.1 Partnerships, Collaborations, Agreements, and Contracts ..............................44 1.2.3.2 Others ..............................................................................................................48 1.2.4 Business Opportunities..............................................................................49 1.2.4.1 Need for Different Types of IoT Sensors Based on IoT Architecture 49 1.2.4.2 Deployment of IoT across Different Verticals 50 2. Application ................................................................................52 2.1 Global Satellite-Based IoT Service Market (by Service)...............................53 2.1.1 Market Overview..........................................................................................53 2.1.1.1 Demand Analysis of Satellite-Based IoT Service Market (by Service) 53 2.1.2 Commercial..................................................................................................54 2.1.2.1 Transport and Logistics 54 2.1.2.2 Aviation ............................................................................................................55 2.1.2.3 Agriculture 55 2.1.2.4 Marine 56 2.1.2.5 Energy and Utilities ..........................................................................................56 2.1.2.6 Oil and Gas ......................................................................................................57 2.1.2.7 Automotive 57 2.1.2.8 Healthcare 58 2.1.2.9 Retail................................................................................................................58 2.1.2.10 Natural Resource Monitoring............................................................................59 2.1.2.11 Others (Construction, Media, Plant Engineering, Disaster Management, Infrastructure, and NGO) 60 2.1.3 Defense ........................................................................................................63 2.1.3.1 Land .................................................................................................................63
5 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 2.1.3.2 Airborne 64 2.1.3.3 Naval 64 2.1.4 Civil Government.........................................................................................65 3. Product......................................................................................66 3.1 Global Satellite-Based IoT Service Market (by Terminal).............................67 3.1.1 Market Overview..........................................................................................67 3.1.1.1 Demand Analysis for Global Satellite-Based IoT Service Market (by Terminal)..........................................................................................................67 3.1.2 Commercial..................................................................................................69 3.1.3 Defense ........................................................................................................69 3.1.4 Civil Government.........................................................................................70 4. Region .......................................................................................71 4.1 Global Satellite-Based IoT Service Market (by Region)................................72 4.2 North America..................................................................................................75 4.2.1 Market...........................................................................................................75 4.2.1.1 Key Manufacturers and Suppliers in North America 75 4.2.1.2 Business Drivers 76 4.2.1.3 Business Challenges 76 4.2.2 Application...................................................................................................77 4.2.2.1 North America Satellite-Based IoT Service Market (by Service)......................77 4.2.3 Product.........................................................................................................78 4.2.3.1 North America Satellite-Based IoT Service Market (by Terminal) 78 4.2.4 North America (by Country) .......................................................................80 4.2.4.1 U.S. 80 4.2.4.1.1 Market......................................................................................................................80 4.2.4.1.1.1 Key Manufacturers and Suppliers in the U.S. 80 4.2.4.1.2 Application 81
6 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 4.2.4.1.2.1 U.S. Satellite-Based IoT Service Market (by Service) 81 4.2.4.1.3 Product.....................................................................................................................82 4.2.4.1.3.1 U.S. Satellite-Based IoT Service Market (by Terminal) 82 4.2.4.2 Canada 83 4.2.4.2.1 Market 84 4.2.4.2.1.1 Key Manufacturers and Suppliers in Canada 84 4.2.4.2.2 Application 84 4.2.4.2.2.1 Canada Satellite-Based IoT Service Market (by Service) 84 4.2.4.2.3 Product 85 4.2.4.2.3.1 Canada Satellite-Based IoT Service Market (by Terminal) 85 4.3 Europe ..............................................................................................................88 4.3.1 Market...........................................................................................................88 4.3.1.1 Key Manufacturers and Suppliers in Europe....................................................88 4.3.1.2 Business Drivers 89 4.3.1.3 Business Challenges 89 4.3.2 Application...................................................................................................89 4.3.2.1 Europe Satellite-Based IoT Service Market (by Service).................................89 4.3.3 Product.........................................................................................................90 4.3.3.1 Europe Satellite-Based IoT Service Market (by Terminal) 90 4.3.4 Europe (by Country)....................................................................................92 4.3.4.1 Germany 92 4.3.4.1.1 Market 92 4.3.4.1.1.1 Key Manufacturers and Suppliers in Germany................................................. 92 4.3.4.1.2 Application 93 4.3.4.1.2.1 Germany Satellite-Based IoT Service Market (by Service) 93 4.3.4.1.3 Product.....................................................................................................................94 4.3.4.1.3.1 Germany Satellite-Based IoT Service Market (by Terminal) 94 4.3.4.2 U.K. 95
7 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 4.3.4.2.1 Market 96 4.3.4.2.1.1 Key Manufacturers and Suppliers in the U.K.................................................... 96 4.3.4.2.2 Application 97 4.3.4.2.2.1 U.K. Satellite-Based IoT Service Market (by Service) 97 4.3.4.2.3 Product 98 4.3.4.2.3.1 U.K. Satellite-Based IoT Service Market (by Terminal) 98 4.3.4.3 France 99 4.3.4.3.1 Market 100 4.3.4.3.1.1 Key Manufacturers and Service Providers in France 100 4.3.4.3.2 Application 100 4.3.4.3.2.1 France Satellite-Based IoT Service Market (by Service) 100 4.3.4.3.3 Product...................................................................................................................101 4.3.4.3.3.1 France Satellite-Based IoT Service Market (by Terminal) 101 4.3.4.4 Russia 103 4.3.4.4.1 Market....................................................................................................................103 4.3.4.4.1.1 Key Manufacturers and Service Providers in Russia 103 4.3.4.4.2 Application 104 4.3.4.4.2.1 Russia Satellite-Based IoT Service Market (by Service)................................ 104 4.3.4.4.3 Product 105 4.3.4.4.3.1 Russia Satellite-Based IoT Service Market (by Terminal) 105 4.3.4.5 Rest-of-Europe 106 4.3.4.5.1 Application 107 4.3.4.5.1.1 Rest-of-Europe Satellite-Based IoT Service Market (by Service) 107 4.3.4.5.2 Product 108 4.3.4.5.2.1 Rest-of-Europe Satellite-Based IoT Service Market (by Terminal) 108 4.4 Asia-Pacific ....................................................................................................111 4.4.1 Market.........................................................................................................111 4.4.1.1 Key Manufacturers and Service Providers in Asia-Pacific 111
8 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 4.4.1.2 Business Drivers 112 4.4.1.3 Business Challenges 112 4.4.2 Application.................................................................................................112 4.4.2.1 Asia-Pacific Satellite-Based IoT Service Market (by Service)........................112 4.4.3 Product.......................................................................................................113 4.4.3.1 Asia-Pacific Satellite-Based IoT Service Market (by Terminal) 113 4.4.4 Asia-Pacific (by Country)..........................................................................114 4.4.4.1 China 114 4.4.4.1.1 Market....................................................................................................................115 4.4.4.1.1.1 Key Manufacturers and Service Providers in China 115 4.4.4.1.2 Application 116 4.4.4.1.2.1 China Satellite-Based IoT Service Market (by Service) ................................. 116 4.4.4.1.3 Product 117 4.4.4.1.3.1 China Satellite-Based IoT Service Market (by Terminal) 117 4.4.4.2 Japan .............................................................................................................118 4.4.4.2.1 Market 119 4.4.4.2.1.1 Key Manufacturers and Service Providers in Japan 119 4.4.4.2.2 Application 120 4.4.4.2.2.1 Japan Satellite-Based IoT Service Market (by Service) 120 4.4.4.2.3 Product 121 4.4.4.2.3.1 Japan Satellite-Based IoT Service Market (by Terminal) 121 4.4.4.3 India ...............................................................................................................122 4.4.4.3.1 Market 123 4.4.4.3.1.1 Key Manufacturers and Service Providers in India 123 4.4.4.3.2 Application..............................................................................................................124 4.4.4.3.2.1 India Satellite-Based IoT Service Market (by Service) 124 4.4.4.3.3 Product 125 4.4.4.3.3.1 India Satellite-Based IoT Service Market (by Terminal)................................. 125
9 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 4.4.4.4 Rest-of-Asia-Pacific 126 4.4.4.4.1 Application 127 4.4.4.4.1.1 Rest-of-Asia-Pacific Satellite-Based IoT Service Market (by Service) 127 4.4.4.4.2 Product 128 4.4.4.4.2.1 Rest-of-Asia-Pacific Satellite-Based IoT Service Market (by Terminal) 128 4.5 Rest-of-the-World ..........................................................................................130 4.5.1 Market.........................................................................................................130 4.5.1.1 Business Drivers 130 4.5.1.2 Business Challenges 130 4.5.2 Application.................................................................................................131 4.5.2.1 Rest-of-the-World Satellite-Based IoT Service Market (by Service) ..............131 4.5.3 Product.......................................................................................................132 4.5.3.1 Rest-of-the-World Satellite-Based IoT Service Market (by Terminal) 132 4.5.4 Rest-of-the-World (by Region) 133 4.5.4.1 Middle East and Africa 133 4.5.4.1.1 Application 134 4.5.4.1.1.1 Middle East and Africa Satellite-Based IoT Service Market (by Service) 134 4.5.4.1.2 Product 135 4.5.4.1.2.1 Middle East and Africa Satellite-Based IoT Service Market (by Terminal) 135 4.5.4.2 Latin America 136 4.5.4.2.1 Application 137 4.5.4.2.1.1 Latin America Satellite-Based IoT Service Market (by Service) 137 4.5.4.2.2 Product 138 4.5.4.2.2.1 Latin America Satellite-Based IoT Service Market (by Terminal) 138 5. Competitive Benchmarking and Company Profiles ...................140 5.1 Competitive Benchmarking ..........................................................................141
10 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 5.2 Airbus .............................................................................................................143 5.2.1 Company Overview...................................................................................143 5.2.1.1 Role of Airbus in the Global Satellite-Based IoT Service Market...................143 5.2.1.2 Product Portfolio.............................................................................................143 5.2.2 Corporate Strategies.................................................................................144 5.2.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 144 5.2.3 R&D Analysis.............................................................................................144 5.2.4 Analyst View ..............................................................................................145 5.3 Astrocast SA..................................................................................................146 5.3.1 Company Overview...................................................................................146 5.3.1.1 Role of Astrocast SA in the Global Satellite-Based IoT Service Market.........146 5.3.1.2 Product Portfolio 147 5.3.2 Corporate Strategies.................................................................................147 5.3.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 147 5.3.3 Analyst View ..............................................................................................148 5.4 Boeing ............................................................................................................149 5.4.1 Company Overview...................................................................................149 5.4.1.1 Role of Boeing in the Global Satellite-Based IoT Service Market 149 5.4.1.2 Product Portfolio 149 5.4.2 Corporate Strategies.................................................................................150 5.4.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 150 5.4.3 R&D Analysis.............................................................................................150 5.4.4 Analyst View ..............................................................................................151 5.5 Eutelsat Communications SA.......................................................................152 5.5.1 Company Overview...................................................................................152 5.5.1.1 Role of Eutelsat Communications SA in the Global Satellite-Based IoT Service Market ...............................................................................................152 5.5.1.2 Product Portfolio.............................................................................................152
11 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 5.5.2 Corporate Strategies.................................................................................153 5.5.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 153 5.5.3 Analyst View ..............................................................................................153 5.6 Fleet Space Technologies.............................................................................154 5.6.1 Company Overview...................................................................................154 5.6.1.1 Role of Fleet Space Technologies in the Global Satellite-Based IoT Service Market 154 5.6.1.2 Product Portfolio.............................................................................................154 5.6.2 Corporate Strategies.................................................................................155 5.6.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 155 5.6.3 Analyst View ..............................................................................................155 5.7 hiSky Ltd.........................................................................................................156 5.7.1 Company Overview...................................................................................156 5.7.1.1 Role of hiSky Ltd. in the Global Satellite-Based IoT Service Market 156 5.7.1.2 Product Portfolio.............................................................................................156 5.7.2 Corporate Strategies.................................................................................157 5.7.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 157 5.7.3 Analyst View ..............................................................................................157 5.8 Inmarsat..........................................................................................................158 5.8.1 Company Overview...................................................................................158 5.8.1.1 Role of Inmarsat in the Global Satellite-Based IoT Service Market ...............158 5.8.1.2 Product Portfolio 158 5.8.2 Corporate Strategies.................................................................................159 5.8.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 159 5.8.3 Analyst View ..............................................................................................160 5.9 Iridium Communications Inc. 161 5.9.1 Company Overview...................................................................................161
12 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 5.9.1.1 Role of Iridium Communications Inc. in the Global Satellite-Based IoT Service Market ...............................................................................................161 5.9.1.2 Product Portfolio 162 5.9.2 Corporate Strategies.................................................................................162 5.9.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 162 5.9.3 R&D Analysis.............................................................................................163 5.9.4 Analyst View ..............................................................................................163 5.10 Kepler Communications Inc. ........................................................................164 5.10.1 Company Overview...................................................................................164 5.10.1.1 Role of Kepler Communications Inc. in the Global Satellite-Based IoT Service Market 164 5.10.1.2 Product Portfolio 164 5.10.2 Corporate Strategies.................................................................................165 5.10.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts.......165 5.10.3 Analyst View ..............................................................................................165 5.11 Lacuna Space.................................................................................................166 5.11.1 Company Overview...................................................................................166 5.11.1.1 Role of Lacuna Space in the Global Satellite-Based IoT Service Market 166 5.11.1.2 Product Portfolio.............................................................................................166 5.11.2 Corporate Strategies.................................................................................167 5.11.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 167 5.11.3 Analyst View ..............................................................................................168 5.12 Myriota............................................................................................................169 5.12.1 Company Overview...................................................................................169 5.12.1.1 Role of Myriota in the Global Satellite-Based IoT Service Market..................169 5.12.1.2 Product Portfolio.............................................................................................169 5.12.2 Corporate Strategies.................................................................................170 5.12.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 170
13 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 5.12.3 Analyst View ..............................................................................................171 5.13 Orbcomm Inc..................................................................................................172 5.13.1 Company Overview...................................................................................172 5.13.1.1 Role of Orbcomm Inc. in the Global Satellite-Based IoT Service Market.......172 5.13.1.2 Product Portfolio 172 5.13.2 Corporate Strategies.................................................................................173 5.13.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 173 5.13.3 Analyst View ..............................................................................................173 5.14 OQ Technology..............................................................................................174 5.14.1 Company Overview...................................................................................174 5.14.1.1 Role of OQ Technology in the Global Satellite-Based IoT Service Market....174 5.14.1.2 Product Portfolio 174 5.14.2 Corporate Strategies.................................................................................175 5.14.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 175 5.14.3 Analyst View ..............................................................................................176 5.15 Thales .............................................................................................................177 5.15.1 Company Overview...................................................................................177 5.15.1.1 Role of Thales in the Global Satellite-Based IoT Service Market 177 5.15.1.2 Product Portfolio 177 5.15.2 Corporate Strategies.................................................................................178 5.15.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 178 5.15.3 R&D Analysis.............................................................................................179 5.15.4 Analyst View ..............................................................................................179 5.16 Thuraya...........................................................................................................180 5.16.1 Company Overview...................................................................................180 5.16.1.1 Role of Thuraya in the Global Satellite-Based IoT Service Market 180 5.16.1.2 Product Portfolio 180 5.16.2 Corporate Strategies.................................................................................181
14 All rights reserved at BIS Research Inc. Global SatelliteBased IoT Service M arket 5.16.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts 181 5.16.3 Analyst View ..............................................................................................181 5.17 Other Key Players..........................................................................................182 5.17.1 GomSpace..................................................................................................182 5.17.1.1 Company Overview 182 5.17.2 HEAD Aerospace Group ...........................................................................182 5.17.2.1 Company Overview 182 6. Growth Opportunities and Recommendations..........................183 6.1 Growth Opportunities....................................................................................184 6.1.1 Growth Opportunity: Increasing Demand for IoT Terminals .................184 6.1.1.1 Recommendations 184 6.1.2 Growth Opportunity: IoT Satellite Constellation.....................................184 6.1.2.1 Recommendations 184 7. Research Methodology ............................................................185 7.1 Factors for Data Prediction and Modeling...................................................187
List of Figures
Figure 1: Global Satellite-Based IoT Service Market (Terminal) Units, 2022-2033
Figure 2: Global Satellite-Based IoT Service Market (Service), $Million, 2022-2033
Figure 3: Global Satellite-Based IoT Service Market (Terminal), $Million, 2022-2033
Figure 4: Global Satellite-Based IoT Service Market (by Terminal), $Million, 2022 and 2033
Figure 5: Global Satellite-Based IoT Service Market (by Service), $Million, 2022 and 2033
Figure 6: Global Satellite-Based IoT Service Market (by Region), $Million, 2033
Figure 7: Global Satellite-Based IoT Service Market Coverage
Figure 8: Value Chain Analysis of the Global Satellite-Based IoT Service Market
Figure 9: Global Satellite-Based IoT Service Market, Business Dynamics
Figure 10: Share of Key Business Strategies and Developments, January 2020-January 2023
Figure 11: Satellite-Based IoT Service Market (by Service)
Figure 12: Global Satellite-Based IoT Service Market, Competitive Benchmarking
Figure 13: Airbus: R&D Analysis, $Million, 2019-2021
Figure 14: Boeing: R&D Analysis, $Million, 2019-2021
Figure 15: Iridium Communications Inc. R&D Analysis, $Million, 2019-2021
Figure 16: Thales: R&D Analysis, $Million, 2020-2021
Figure 17: Research Methodology
Figure 18: Top-Down and Bottom-Up Approach
Figure 19: Assumptions and Limitations
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