New Analysis from Global Industry Analysts Reveals Steady Growth for Satellite Machine-to-Machine (M2M) Communications, with the Market to Reach $4.1 Billion Worldwide by 2026
SAN FRANCISCO, March 21, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Satellite Machine-to-Machine (M2M) Communications - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 19; Released: February 2022
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Satellite Machine-to-Machine (M2M) Communications Market to Reach $4.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Satellite Machine-to-Machine (M2M) Communications estimated at US$2.4 Billion in the year 2022, is projected to reach a revised size of US$4.1 Billion by 2026, growing at a CAGR of 12.7% over the analysis period. Satellite Telemetry, one of the segments analyzed in the report, is projected to grow at a 12.4% CAGR to reach US$1.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automatic Identification System (AIS) segment is readjusted to a revised 11.7% CAGR for the next 7-year period. This segment currently accounts for a 33.3% share of the global Satellite Machine-to-Machine (M2M) Communications market.
The U.S. Market is Estimated at $921.1 Million in 2022, While China is Forecast to Reach $546 Million by 2026
Very Small Aperture Terminal (VSAT) Segment to Reach $1.2 Billion by 2026
About Global Industry Analysts, Inc. & StrategyR™
Connect With Us on LinkedIn
Follow Us on Twitter
Journalists & Media
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-analysis-from-global-industry-analysts-reveals-steady-growth-for-satellite-machine-to-machine-m2m-communications-with-the-market-to-reach-4-1-billion-worldwide-by-2026--301505603.html
SOURCE Global Industry Analysts, Inc.