LONDON--(BUSINESS WIRE)--Sep 13, 2018--According to the latest market research report released by Technavio, the global satellite-enabled IoT market is expected to accelerate at a CAGR of nearly 7% during the forecast period.

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According to the latest market research report released by Technavio, the global satellite-enabled IoT market is expected to accelerate at a CAGR of nearly 7% until 2021. (Graphic: Business Wire)

The development of quantum Internet is one of the key factors triggering the growth of the market. The strategies on the implementation of IoT in satellite applications have initiated several advances in the development of secure communication networks. A team of researchers have directed their efforts to develop a first-of-its-kind orbit technology for satellite-based quantum network nodes.

This research report titled ‘ 1 ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global satellite-enabled IoT market into the following applications:

Military-based Transportation and cargo-based

In 2016, the military-based segment accounted for nearly 39% of the global market and is projected to decline to nearly 37% by 2021, exhibiting almost 2% decrease in market share.

Global satellite-enabled IoT market: Emerging market trend

The evolution of IoT is an emerging trend in the satellite-enabled IoT space. IoT is represented as a network of cyber-physical devices that consist of embedded electronics, sensors or actuators, software, and network connectivity. These devices collect and exchange data over the Internet. It is estimated that more than 28 billion IoT devices will be functionalized by 2020. IoT devices are expected to represent a network that will necessitate more bandwidth with higher data rate communications and data services. This will result in fatigued networks particularly in remote regions of the world. A probable solution involves providing higher bandwidth information to every part of the world through satellites.

The space-based Internet-of-Space network will represent the support framework for IoT with advances in millimeter-wave phased array technology and 5G system developments. Chip-scale phased array system-on-a-chips, which are applicable to low-cost silicon technologies with an adequate and equivalent isotropically radiated power, would enable links with transiting LEO satellites and act as technology enablers.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Satellite-enabled IoT Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (military-based and transportation and cargo-based)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Eutelsat, Inmarsat, MDA, Orbital ATK, and SES)

About Technavio

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With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE TRANSPORT SATELLITE OTHER TRANSPORT DEFENSE OTHER DEFENSE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/13/2018 05:23 PM/DISC: 09/13/2018 05:22 PM

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