Market Share of Satellite IoT Communication Industry
The satellite IoT communication market is highly competitive and consists of several major players, such as Astrocast, Inmarsat Technologies, Kepler Communications, Ligado Networks, Galaxy Space, and Geely. Only some significant players currently dominate the market in terms of market share. With a prominent market share, these major players focus on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to increase their market share and profitability. Some of the key developments are:-
In March 2023, Quectel Wireless Solutions, a worldwide IoT solutions provider, launched the CC200A-LB satellite module for IoT industries that uses satellite IoT connectivity offered by ORBCOMM, a worldwide provider of IoT communications and solutions. The module is mainly built to deliver reliable global connectivity and coverage at a cost-effective price point and with ultra-low latency. It is a perfect solution for a vast spectrum of applications, including transportation, maritime, heavy equipment, mining, agriculture, and oil and gas monitoring.
Marlink, a global satellite and terrestrial network solution provider, and OQ Technology, the low Earth orbit (LEO) 5G IoT satellite communications company, signed an MoU for a global distribution partnership towards the distribution of Satellite 5G connectivity and hardware that is compatible with an existing cellular network and based on the 3gpp 5g non-terrestrial network cellular standard.
T-Mobile US and Starlink announced a technology partnership to develop a direct satellite-to-device proposition, which was expected to launch by 2024. Similarly, US-based Omnispace collaborated with the Philippines' mobile operator Smart, a subsidiary of PLDT, to explore interoperability between Smart's 5G network and Omnispace's LEO satellites, using 3GPP-compliant 5G NTN standards.
Satellite IoT Communication Market Leaders
Iridium Communications Inc
Orbcomm
Inmarsat Global Limited
Globalstar Inc
Fleet Space Technologies Private Limited
*Disclaimer: Major Players sorted in no particular order
