M2M Satellite Communication Solution Market Report by 2031
The M2M satellite communication solution market is expected to register a CAGR of 14.3% during 2023–2031. Advancements in satellite technology are likely to remain a key trend in the market.
M2M Satellite Communication Solution Market Analysis
- The M2M satellite communication solution market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The M2M satellite communication solution market is growing owing to factors such as the rising need for data communication and surge in a number of IoT devices.
- Rising applications in various fields provide lucrative opportunities for the M2M satellite communication solution market.
M2M Satellite Communication Solution Market Overview
- M2M (Machine-to-Machine) satellite communication refers to the wireless data exchange between two or more machines via satellite networks.
- With the use of this technology, devices in remote or mobile locations can communicate and exchange data, even in places without access to or dependability from terrestrial networks.
- In sectors where devices must communicate data from remote places, such as agriculture, transportation, energy, and environmental monitoring, M2M satellite communication is crucial.
- It enables real-time monitoring, control, and data collecting over wide geographic areas by using satellite constellations to relay information between ground-based devices and centralized data centers.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
M2M Satellite Communication Solution Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
M2M Satellite Communication Solution Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
M2M Satellite Communication Solution Market Drivers and Opportunities
Surge In Number of IoT Devices to Favor Market
- Recently, there has been a huge surge in the adoption of IoT technologies due to advancements in mobile technology and wireless connectivity and a continued drop in the cost of sensors and other components.
- Several industries are using IoT technologies to improve efficiency and reduce costs. For instance, according to Finance Online, there were approximately 14.76 billion connected IoT devices as of November 2023 and this figure is expected to grow approximately 25.44 billion by 2031.
- Similarly, according to a forecast by IoT Analytics, 75% of all devices will be IoT by 2031. Furthermore, FinleyUSA estimated that worldwide IoT spending would rise to US$ 1.1 trillion in 2023
- Worldwide connection is becoming more and more necessary as more devices become connected, particularly in places where traditional terrestrial networks are unstable or non-existent. Satellite communication is the perfect solution for Internet of Things applications like asset tracking, remote monitoring, and smart agriculture that frequently need connectivity in remote areas.
Rising Applications in Various Fields
- M2M satellite systems for asset tracking, data collection, and remote sensing are becoming more and more popular in industries like agriculture, maritime, oil and gas, transportation, and environmental monitoring.
- In agriculture, satellite-assisted IoT gadgets aid in resource optimization and agricultural health monitoring.
- The maritime and transportation industries use M2M satellite communication for cargo tracking and fleet management.
- It makes it possible to remotely monitor offshore platforms and pipelines in the oil sector.
- Thus, rising applications across various fields are opening up significant opportunities for M2M satellite communication market growth.
M2M Satellite Communication Solution Market Report Segmentation Analysis
Key segments that contributed to the derivation of the M2M satellite communication solution market analysis are components, technology, enterprise size, and end-user industry.
- By component, the market is segmented into hardware, software and services.
- By technology, the market is segmented into VSAT, data transmission, satellite constellation, networking, satellite communication protocols, automatic identification systems, and others.
- By enterprise size, the market is bifurcated into large enterprises and small & medium enterprises.
- By end user industry, the market is segmented into mining, automotive, retail, military & defense, healthcare, manufacturing, and others.
M2M Satellite Communication Solution Market Share Analysis by Geography
- The M2M satellite communication solution market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering M2M satellite communication solution market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the M2M satellite communication solution market in these regions.
M2M Satellite Communication Solution Market Report Scope
M2M Satellite Communication Solution Market News and Recent Developments
The M2M satellite communication solution market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the M2M satellite communication solution market is listed below:
- Quectel Wireless Solutions, a global IoT solutions provider, today announced the launch of the Quectel BG95-S5 3GPP non-terrestrial network (NTN) satellite communication module. The module supports 3GPP Release 17 IoT-NTN in the S and L band frequencies for satellite communications. In addition, the multi-mode BG95-S5 supports LTE Cat M1, Cat NB2, eGPRS and integrated GNSS. (Quectel Wireless Solutions, Press Release, April 2024)
- Melbourne-based IoT technology company M2M Connectivity has formed a new collaboration with Hypha to bring unbreakable satellite connectivity to public safety and emergency service agencies in Australia. The collaboration focused on solutions that combine M2M’s class-leading IoT hardware and Hypha’s expertise in satellite communication. M2M Connectivity and Hypha aimed to create a new generation of data-led connectivity solutions, which will combine Starlink with Peplink’s SpeedFusion technology. (M2M Connectivity, Press Release, October 2023)
M2M Satellite Communication Solution Market Report Coverage and Deliverables
The “M2M Satellite Communication Solution Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- M2M satellite communication solution market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- M2M satellite communication solution market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- M2M satellite communication solution market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the M2M satellite communication solution market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global M2M satellite communication solution market is expected to grow at a CAGR of 14.3% during the forecast period 2024 - 2031.
The rising need for data communication and the surge in the number of IoT devices are the major factors driving the M2M satellite communication solution market.
Advancements in satellite technology are anticipated to play a significant role in the global M2M satellite communication solution market in the coming years.
The leading players operating in the M2M satellite communication solution market is EchoStar Corporation; Gilat Satellite Networks; Globalstar; Honeywell International Inc.; Marlink; Orange S.A.; ORBCOMM; Rogers Communication; Thales Group; and Viasat.
The report can be delivered in PDF/PPT format; we can also share an excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 M2M Satellite Communication Solutions Market - By Technology
1.3.2 M2M Satellite Communication Solutions Market - By Service
1.3.3 M2M Satellite Communication Solutions Market - By Industry Vertical
1.3.4 M2M Satellite Communication Solutions Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. M2M SATELLITE COMMUNICATION SOLUTIONS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. M2M SATELLITE COMMUNICATION SOLUTIONS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. M2M SATELLITE COMMUNICATION SOLUTIONS MARKET - GLOBAL MARKET ANALYSIS
6.1. M2M SATELLITE COMMUNICATION SOLUTIONS - GLOBAL MARKET OVERVIEW
6.2. M2M SATELLITE COMMUNICATION SOLUTIONS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. M2M SATELLITE COMMUNICATION SOLUTIONS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. AUTOMATIC IDENTIFICATION SYSTEM (AIS)
7.3.1. Overview
7.3.2. Automatic Identification System (AIS) Market Forecast and Analysis
7.4. SATELLITES TELEMETRY
7.4.1. Overview
7.4.2. Satellites Telemetry Market Forecast and Analysis
7.5. VERY SMALL APERTURE TERMINAL (VSAT)
7.5.1. Overview
7.5.2. Very Small Aperture Terminal (VSAT) Market Forecast and Analysis
8. M2M SATELLITE COMMUNICATION SOLUTIONS MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
8.1. OVERVIEW
8.2. SERVICE MARKET FORECASTS AND ANALYSIS
8.3. DATA SERVICES
8.3.1. Overview
8.3.2. Data Services Market Forecast and Analysis
8.4. MANAGED SERVICES
8.4.1. Overview
8.4.2. Managed Services Market Forecast and Analysis
9. M2M SATELLITE COMMUNICATION SOLUTIONS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. RETAIL
9.3.1. Overview
9.3.2. Retail Market Forecast and Analysis
9.4. HEALTHCARE
9.4.1. Overview
9.4.2. Healthcare Market Forecast and Analysis
9.5. GOVERNMENT
9.5.1. Overview
9.5.2. Government Market Forecast and Analysis
9.6. AGRICULTURE
9.6.1. Overview
9.6.2. Agriculture Market Forecast and Analysis
9.7. AUTOMOTIVE
9.7.1. Overview
9.7.2. Automotive Market Forecast and Analysis
9.8. TRANSPORTATION AND LOGISTICS
9.8.1. Overview
9.8.2. Transportation and Logistics Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. M2M SATELLITE COMMUNICATION SOLUTIONS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America M2M Satellite Communication Solutions Market Overview
10.1.2 North America M2M Satellite Communication Solutions Market Forecasts and Analysis
10.1.3 North America M2M Satellite Communication Solutions Market Forecasts and Analysis - By Technology
10.1.4 North America M2M Satellite Communication Solutions Market Forecasts and Analysis - By Service
10.1.5 North America M2M Satellite Communication Solutions Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America M2M Satellite Communication Solutions Market Forecasts and Analysis - By Countries
10.1.6.1 United States M2M Satellite Communication Solutions Market
10.1.6.1.1 United States M2M Satellite Communication Solutions Market by Technology
10.1.6.1.2 United States M2M Satellite Communication Solutions Market by Service
10.1.6.1.3 United States M2M Satellite Communication Solutions Market by Industry Vertical
10.1.6.2 Canada M2M Satellite Communication Solutions Market
10.1.6.2.1 Canada M2M Satellite Communication Solutions Market by Technology
10.1.6.2.2 Canada M2M Satellite Communication Solutions Market by Service
10.1.6.2.3 Canada M2M Satellite Communication Solutions Market by Industry Vertical
10.1.6.3 Mexico M2M Satellite Communication Solutions Market
10.1.6.3.1 Mexico M2M Satellite Communication Solutions Market by Technology
10.1.6.3.2 Mexico M2M Satellite Communication Solutions Market by Service
10.1.6.3.3 Mexico M2M Satellite Communication Solutions Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe M2M Satellite Communication Solutions Market Overview
10.2.2 Europe M2M Satellite Communication Solutions Market Forecasts and Analysis
10.2.3 Europe M2M Satellite Communication Solutions Market Forecasts and Analysis - By Technology
10.2.4 Europe M2M Satellite Communication Solutions Market Forecasts and Analysis - By Service
10.2.5 Europe M2M Satellite Communication Solutions Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe M2M Satellite Communication Solutions Market Forecasts and Analysis - By Countries
10.2.6.1 Germany M2M Satellite Communication Solutions Market
10.2.6.1.1 Germany M2M Satellite Communication Solutions Market by Technology
10.2.6.1.2 Germany M2M Satellite Communication Solutions Market by Service
10.2.6.1.3 Germany M2M Satellite Communication Solutions Market by Industry Vertical
10.2.6.2 France M2M Satellite Communication Solutions Market
10.2.6.2.1 France M2M Satellite Communication Solutions Market by Technology
10.2.6.2.2 France M2M Satellite Communication Solutions Market by Service
10.2.6.2.3 France M2M Satellite Communication Solutions Market by Industry Vertical
10.2.6.3 Italy M2M Satellite Communication Solutions Market
10.2.6.3.1 Italy M2M Satellite Communication Solutions Market by Technology
10.2.6.3.2 Italy M2M Satellite Communication Solutions Market by Service
10.2.6.3.3 Italy M2M Satellite Communication Solutions Market by Industry Vertical
10.2.6.4 United Kingdom M2M Satellite Communication Solutions Market
10.2.6.4.1 United Kingdom M2M Satellite Communication Solutions Market by Technology
10.2.6.4.2 United Kingdom M2M Satellite Communication Solutions Market by Service
10.2.6.4.3 United Kingdom M2M Satellite Communication Solutions Market by Industry Vertical
10.2.6.5 Russia M2M Satellite Communication Solutions Market
10.2.6.5.1 Russia M2M Satellite Communication Solutions Market by Technology
10.2.6.5.2 Russia M2M Satellite Communication Solutions Market by Service
10.2.6.5.3 Russia M2M Satellite Communication Solutions Market by Industry Vertical
10.2.6.6 Rest of Europe M2M Satellite Communication Solutions Market
10.2.6.6.1 Rest of Europe M2M Satellite Communication Solutions Market by Technology
10.2.6.6.2 Rest of Europe M2M Satellite Communication Solutions Market by Service
10.2.6.6.3 Rest of Europe M2M Satellite Communication Solutions Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific M2M Satellite Communication Solutions Market Overview
10.3.2 Asia-Pacific M2M Satellite Communication Solutions Market Forecasts and Analysis
10.3.3 Asia-Pacific M2M Satellite Communication Solutions Market Forecasts and Analysis - By Technology
10.3.4 Asia-Pacific M2M Satellite Communication Solutions Market Forecasts and Analysis - By Service
10.3.5 Asia-Pacific M2M Satellite Communication Solutions Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific M2M Satellite Communication Solutions Market Forecasts and Analysis - By Countries
10.3.6.1 Australia M2M Satellite Communication Solutions Market
10.3.6.1.1 Australia M2M Satellite Communication Solutions Market by Technology
10.3.6.1.2 Australia M2M Satellite Communication Solutions Market by Service
10.3.6.1.3 Australia M2M Satellite Communication Solutions Market by Industry Vertical
10.3.6.2 China M2M Satellite Communication Solutions Market
10.3.6.2.1 China M2M Satellite Communication Solutions Market by Technology
10.3.6.2.2 China M2M Satellite Communication Solutions Market by Service
10.3.6.2.3 China M2M Satellite Communication Solutions Market by Industry Vertical
10.3.6.3 India M2M Satellite Communication Solutions Market
10.3.6.3.1 India M2M Satellite Communication Solutions Market by Technology
10.3.6.3.2 India M2M Satellite Communication Solutions Market by Service
10.3.6.3.3 India M2M Satellite Communication Solutions Market by Industry Vertical
10.3.6.4 Japan M2M Satellite Communication Solutions Market
10.3.6.4.1 Japan M2M Satellite Communication Solutions Market by Technology
10.3.6.4.2 Japan M2M Satellite Communication Solutions Market by Service
10.3.6.4.3 Japan M2M Satellite Communication Solutions Market by Industry Vertical
10.3.6.5 South Korea M2M Satellite Communication Solutions Market
10.3.6.5.1 South Korea M2M Satellite Communication Solutions Market by Technology
10.3.6.5.2 South Korea M2M Satellite Communication Solutions Market by Service
10.3.6.5.3 South Korea M2M Satellite Communication Solutions Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific M2M Satellite Communication Solutions Market
10.3.6.6.1 Rest of Asia-Pacific M2M Satellite Communication Solutions Market by Technology
10.3.6.6.2 Rest of Asia-Pacific M2M Satellite Communication Solutions Market by Service
10.3.6.6.3 Rest of Asia-Pacific M2M Satellite Communication Solutions Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa M2M Satellite Communication Solutions Market Overview
10.4.2 Middle East and Africa M2M Satellite Communication Solutions Market Forecasts and Analysis
10.4.3 Middle East and Africa M2M Satellite Communication Solutions Market Forecasts and Analysis - By Technology
10.4.4 Middle East and Africa M2M Satellite Communication Solutions Market Forecasts and Analysis - By Service
10.4.5 Middle East and Africa M2M Satellite Communication Solutions Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa M2M Satellite Communication Solutions Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa M2M Satellite Communication Solutions Market
10.4.6.1.1 South Africa M2M Satellite Communication Solutions Market by Technology
10.4.6.1.2 South Africa M2M Satellite Communication Solutions Market by Service
10.4.6.1.3 South Africa M2M Satellite Communication Solutions Market by Industry Vertical
10.4.6.2 Saudi Arabia M2M Satellite Communication Solutions Market
10.4.6.2.1 Saudi Arabia M2M Satellite Communication Solutions Market by Technology
10.4.6.2.2 Saudi Arabia M2M Satellite Communication Solutions Market by Service
10.4.6.2.3 Saudi Arabia M2M Satellite Communication Solutions Market by Industry Vertical
10.4.6.3 U.A.E M2M Satellite Communication Solutions Market
10.4.6.3.1 U.A.E M2M Satellite Communication Solutions Market by Technology
10.4.6.3.2 U.A.E M2M Satellite Communication Solutions Market by Service
10.4.6.3.3 U.A.E M2M Satellite Communication Solutions Market by Industry Vertical
10.4.6.4 Iran M2M Satellite Communication Solutions Market
10.4.6.4.1 Iran M2M Satellite Communication Solutions Market by Technology
10.4.6.4.2 Iran M2M Satellite Communication Solutions Market by Service
10.4.6.4.3 Iran M2M Satellite Communication Solutions Market by Industry Vertical
10.4.6.5 Rest of Middle East and Africa M2M Satellite Communication Solutions Market
10.4.6.5.1 Rest of Middle East and Africa M2M Satellite Communication Solutions Market by Technology
10.4.6.5.2 Rest of Middle East and Africa M2M Satellite Communication Solutions Market by Service
10.4.6.5.3 Rest of Middle East and Africa M2M Satellite Communication Solutions Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America M2M Satellite Communication Solutions Market Overview
10.5.2 South and Central America M2M Satellite Communication Solutions Market Forecasts and Analysis
10.5.3 South and Central America M2M Satellite Communication Solutions Market Forecasts and Analysis - By Technology
10.5.4 South and Central America M2M Satellite Communication Solutions Market Forecasts and Analysis - By Service
10.5.5 South and Central America M2M Satellite Communication Solutions Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America M2M Satellite Communication Solutions Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil M2M Satellite Communication Solutions Market
10.5.6.1.1 Brazil M2M Satellite Communication Solutions Market by Technology
10.5.6.1.2 Brazil M2M Satellite Communication Solutions Market by Service
10.5.6.1.3 Brazil M2M Satellite Communication Solutions Market by Industry Vertical
10.5.6.2 Argentina M2M Satellite Communication Solutions Market
10.5.6.2.1 Argentina M2M Satellite Communication Solutions Market by Technology
10.5.6.2.2 Argentina M2M Satellite Communication Solutions Market by Service
10.5.6.2.3 Argentina M2M Satellite Communication Solutions Market by Industry Vertical
10.5.6.3 Rest of South and Central America M2M Satellite Communication Solutions Market
10.5.6.3.1 Rest of South and Central America M2M Satellite Communication Solutions Market by Technology
10.5.6.3.2 Rest of South and Central America M2M Satellite Communication Solutions Market by Service
10.5.6.3.3 Rest of South and Central America M2M Satellite Communication Solutions Market by Industry Vertical
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. M2M SATELLITE COMMUNICATION SOLUTIONS MARKET, KEY COMPANY PROFILES
12.1. GLOBALSTAR INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. HUGHES NETWORK SYSTEM LLC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. INMARSAT COMMUNICATIONS INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. IRIDIUM COMMUNICATIONS INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. KORE TELEMATICS
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ORANGE S.A.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ORBCOMM INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ROGERS COMMUNICATIONS INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TELIASONERA AB
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VIASAT
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Globalstar, Inc.
2. Hughes Network System LLC
3. Inmarsat Communications, Inc.
4. Iridium Communications, Inc.
5. Kore Telematics
6. Orange S.A.
7. Orbcomm, Inc.
8. Rogers Communications, Inc.
9. Teliasonera AB
10. Viasat
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For