Global Satellite-Enabled IoT Market 2017-2021 | Military-Based Segment Dominates the Market | Technavio
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.
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.
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 ReportMarket Outline Global Satellite-enabled IoT Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (military-based and transportation and cargo-based)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Eutelsat, Inmarsat, MDA, Orbital ATK, and SES)
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SOURCE: Technavio Research
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PUB: 09/13/2018 05:23 PM/DISC: 09/13/2018 05:22 PM