M2M Satellite Communication Market Growth, Size, Trends & Analysis 2034

Global M2M Satellite Communication Market Growth, Size, Trends Analysis - By Offering, By Technology, By Application, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Published: Jul-2025 Report ID: IACT2590 Pages: 1 - 259 Formats*:     
Category : Information & Communications Technology
M2M Satellite Communication Market  Introduction and Overview â€“ 

According to SPER Market Research, the Global M2M Satellite Communication Market is estimated to reach USD 61.87 billion by 2034 with a CAGR of 13.28%.

The report includes an in-depth analysis of the Global M2M Satellite Communication Market, including market size and trends, product mix, Applications, and supplier analysis. The market for M2M satellite communication was estimated to be worth USD 17.78 billion in 2024 and is projected to expand at a rate of more than 13.28% between 2025 and 2034 due to increased collaborations amongst large corporations. These collaborations help incorporate satellite communication technology into sectors like transportation, agriculture, and energy, improving network coverage and reliability in remote areas. The demand for M2M satellite communication systems will rise as more sectors embrace connection and digital transformation.
By Offering Insights
The market is divided into hardware, software, and services, with hardware taking the largest share in 2024. Advances in technology have made hardware components like satellite modems, antennas, and terminals more sophisticated and affordable. This has improved the integration of satellite communication into many devices, aiding connectivity in remote areas. Businesses are increasingly focused on strong communication solutions, which will drive growth in this segment.

By Technology Insights
The market is also categorized by technology, with VSAT, data transmission, satellite constellation, and others. In 2024, the VSAT segment held the biggest market share. It provides reliable, high-speed M2M connectivity and is favored for its compactness and cost-effectiveness, especially in challenging environments like maritime and agriculture. The demand for VSAT technology is expected to grow as industries need real-time data exchange.

Regional Insights
In 2024, North America accounted for the greatest portion of the global market for M2M satellite communication. North America, which has emerged as one of the global leaders in industrial development and technical innovation, is seeing a sharp increase in the use of satellite communication systems in a variety of industries. For effective data interchange, remote monitoring, and connectivity in remote or underserved locations, M2M satellite communication is essential for a variety of industries, including government agencies, transportation, oil and gas, and agriculture. Technological developments and the ongoing growth of industries will support market expansion.



Market Competitive Landscape
In 2024, Viasat and EchoStar Corporation controlled a sizable portion of the market. With an emphasis on areas with inadequate terrestrial network infrastructure, Viasat aims to increase the coverage of its satellites worldwide. Viasat's M2M solutions are now more competitive worldwide thanks to the launch of new satellites, particularly in the high-throughput and low Earth orbit (LEO) categories, which offer increased bandwidth and reduced latency.

Recent Developments:
In February 2023, Astro Digital and EchoStar teamed up to construct a global S-band mobile satellite service (MSS) network. Starting in 2024, this network—which will include 28 satellites—will provide M2M, IoT, and other data services.
Viasat announced the acquisition of Inmarsat in May 2023, which is an important step that increases the company's size and capabilities. By strengthening their position in the competitive and dynamic satellite communications sector, this combination will allow them to take advantage of increased scale and breadth to spur additional innovation and growth.

Scope of the report:
 Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
 Forecast period 2025-2034
Segments coveredBy Offering, By Technology, By Application, By End User
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
EchoStar Corporation, Gilat Satellite Networks, Globalstar, Honeywell International Inc, Marlink, Orange S.A, ORBCOMM, Rogers Communication, Thales Group, Viasat.

Key Topics Covered in the Report
  • Global M2M Satellite Communication Market Size (FY’2021-FY’2034)
  • Overview of Global M2M Satellite Communication Market
  • Segmentation of Global M2M Satellite Communication Market By Offering (Hardware, Software, Services)
  • Segmentation of Global M2M Satellite Communication Market By Technology (VSAT, Data Transmission, Satellite Constellation, Networking, Satellite Communication Protocols, Automatic Identification System)
  • Segmentation of Global M2M Satellite Communication Market By Application (Asset tracking & management, Remote monitoring & control, Telemetry and sensor networks, Security & surveillance, Emergency and disaster management, Others)
  • Segmentation of Global M2M Satellite Communication Market By End User (Mining, Agriculture, Energy & utilities, Government & public sector, Automotive, Maritime, Retail, Military & defense, Healthcare, Manufacturing, Others)
  • Statistical Snap of Global M2M Satellite Communication Market
  • Expansion Analysis of Global M2M Satellite Communication Market
  • Problems and Obstacles in Global M2M Satellite Communication Market
  • Competitive Landscape in the Global M2M Satellite Communication Market
  • Details on Current Investment in Global M2M Satellite Communication Market
  • Competitive Analysis of Global M2M Satellite Communication Market
  • Prominent Players in the Global M2M Satellite Communication Market
  • SWOT Analysis of Global M2M Satellite Communication Market
  • Global M2M Satellite Communication Market Future Outlook and Projections (FY’2025-FY’2034)
  • Recommendations from Analyst

1.Introduction

1.1.Scope of the report

1.2.Market segment analysis


2.Research Methodology

2.1.Research data source

2.1.1.Secondary Data

2.1.2.Primary Data

2.1.3.SPERs internal database

2.1.4.Premium insight from KOLs

2.2.Market size estimation

2.2.1.Top-down and Bottom-up approach

2.3.Data triangulation


3.Executive Summary

4.Market Dynamics

4.1.Driver, Restraint, Opportunity and Challenges analysis

4.1.1.Drivers

4.1.2.Restraints

4.1.3.Opportunities

4.1.4.Challenges


5.Market variable and outlook

5.1.SWOT Analysis

5.1.1.Strengths

5.1.2.Weaknesses

5.1.3.Opportunities

5.1.4.Threats

5.2.PESTEL Analysis

5.2.1.Political Landscape

5.2.2.Economic Landscape

5.2.3.Social Landscape

5.2.4.Technological Landscape

5.2.5.Environmental Landscape

5.2.6.Legal Landscape

5.3.PORTERs Five Forces 

5.3.1.Bargaining power of suppliers

5.3.2.Bargaining power of buyers

5.3.3.Threat of Substitute

5.3.4.Threat of new entrant

5.3.5.Competitive rivalry

5.4.Heat Map Analysis


6.Competitive Landscape

6.1.Global M2M Satellite Communication Market Manufacturing Base Distribution, Sales Area, Product Type 

6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global M2M Satellite Communication Market


7.Global M2M Satellite Communication Market, By Offering (USD Million) 2021-2034

7.1.Hardware

7.1.1.Modems

7.1.2.Terminals

7.1.3.Antennas

7.1.4.Others

7.2.Software

7.2.1.Data processing & analytics software

7.2.2.Connectivity management platform

7.2.3.Security & encryption software

7.2.4.Geospatial analysis & mapping software

7.2.5.Remote monitoring & control software

7.2.6.Others

7.3.Services

7.3.1.Satellite services

7.3.2.Data services

7.3.3.Security services

7.3.4.Voice services

7.3.5.Business services


8.Global M2M Satellite Communication Market, By Technology (USD Million) 2021-2034

8.1.VSAT (Very Small Aperture Terminal)

8.2.Data transmission

8.3.Satellite constellation

8.4.Networking

8.5.Satellite communication protocols

8.6.Automatic identification system

8.7.Others


9.Global M2M Satellite Communication Market, By Application (USD Million) 2021-2034

9.1.Asset tracking & management

9.2.Remote monitoring & control

9.3.Telemetry and sensor networks

9.4.Security & surveillance

9.5.Emergency and disaster management

9.6.Others


10.Global M2M Satellite Communication Market, By End User (USD Million) 2021-2034

10.1.Mining

10.2.Agriculture

10.3.Energy & utilities

10.4.Government & public sector

10.5.Automotive

10.6.Maritime

10.7.Retail

10.8.Military & defense

10.9.Healthcare

10.10.Manufacturing

10.11.Others  


11.Global M2M Satellite Communication Market, (USD Million) 2021-2034

11.1.Global M2M Satellite Communication Market Size and Market Share


12.Global M2M Satellite Communication Market, By Region, (USD Million) 2021-2034

12.1.Asia-Pacific

12.1.1.Australia

12.1.2.China

12.1.3.India

12.1.4.Japan

12.1.5.South Korea

12.1.6.Rest of Asia-Pacific

12.2.Europe

12.2.1.France

12.2.2.Germany

12.2.3.Italy

12.2.4.Spain

12.2.5.United Kingdom

12.2.6.Rest of Europe

12.3.Middle East and Africa

12.3.1.Kingdom of Saudi Arabia 

12.3.2.United Arab Emirates

12.3.3.Qatar

12.3.4.South Africa

12.3.5.Egypt

12.3.6.Morocco

12.3.7.Nigeria

12.3.8.Rest of Middle-East and Africa

12.4.North America

12.4.1.Canada

12.4.2.Mexico

12.4.3.United States

12.5.Latin America

12.5.1.Argentina

12.5.2.Brazil

12.5.3.Rest of Latin America 


13.Company Profile

13.1.EchoStar Corporation

    • 13.1.1.Company details
    • 13.1.2.Financial outlook
    • 13.1.3.Product summary 
    • 13.1.4.Recent developments
  • 13.2.Gilat Satellite Networks
    • 13.2.1.Company details
    • 13.2.2.Financial outlook
    • 13.2.3.Product summary 
    • 13.2.4.Recent developments
  • 13.3.Globalstar
    • 13.3.1.Company details
    • 13.3.2.Financial outlook
    • 13.3.3.Product summary 
    • 13.3.4.Recent developments
  • 13.4.Honeywell International Inc
    • 13.4.1.Company details
    • 13.4.2.Financial outlook
    • 13.4.3.Product summary 
    • 13.4.4.Recent developments
  • 13.5.Marlink
    • 13.5.1.Company details
    • 13.5.2.Financial outlook
    • 13.5.3.Product summary 
    • 13.5.4.Recent developments
  • 13.6.Orange S.A
    • 13.6.1.Company details
    • 13.6.2.Financial outlook
    • 13.6.3.Product summary 
    • 13.6.4.Recent developments
  • 13.7.ORBCOMM
    • 13.7.1.Company details
    • 13.7.2.Financial outlook
    • 13.7.3.Product summary 
    • 13.7.4.Recent developments
  • 13.8.Rogers Communication
    • 13.8.1.Company details
    • 13.8.2.Financial outlook
    • 13.8.3.Product summary 
    • 13.8.4.Recent developments
  • 13.9.Thales Group
    • 13.9.1.Company details
    • 13.9.2.Financial outlook
    • 13.9.3.Product summary 
    • 13.9.4.Recent developments
  • 13.10.Viasat
    • 13.10.1.Company details
    • 13.10.2.Financial outlook
    • 13.10.3.Product summary 
    • 13.10.4.Recent developments
  • 13.11.Others


14.Conclusion

15.List of Abbreviations

16.Reference Links

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
"EchoStar Corporation, Gilat Satellite Networks, Globalstar, Honeywell International Inc, Marlink, Orange S.A, ORBCOMM, Rogers Communication, Thales Group, Viasat. "
The report includes an in-depth analysis of the Global M2M Satellite Communication Market, including market size and trends, product mix, Applications, and supplier analysis
M2M Satellite Communication Marketis projected to reach USD 61.87 by 2034, growing at a CAGR of 13.28 % during the forecast period.
M2M Satellite Communication Marketsize from 2025. The Market is expected to reach USD 61.87 by 2034, at a CAGR of 13.28% during the forecast period.
M2M Satellite Communication MarketCAGR of 13.28% during the forecast period.
M2M Satellite Communication Market size is USD 61.87 from 2025 to 2034.
"M2M Satellite Communication Market covered By Offering, By Technology, By Application, By End User "
The North America is anticipated to have the highest Market share in the M2M Satellite Communication Market .
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