The global M2M satellite communications market is set to grow from $14.3bn in 2023 to $34.4bn by 2030, at a CAGR of 13.38%, according to 360iResearch.

M2M satellite communication is the automated exchange of information between devices and systems, or without human intervention, through satellite networks. This market is characterised by the application of satellite technology to enable communication between remote devices or systems, facilitating applications in varied sectors such as maritime, aviation, logistics, defence and environmental monitoring.

The rising demand for real-time communication and data exchange across remote areas, advancements in satellite communication technology, and the rise in IoT adoption globally are influencing market growth. Government initiatives to enhance communications infrastructure and ensure safety in critical sectors such as defence, aviation and maritime also significantly contribute to market expansion.

However, the vulnerability to cyber-attacks and data breaches in satellite communication networks remains a critical concern for market growth.

Despite its promising growth, the M2M satellite communication market faces several difficulties, including high initial deployment and satellite communication infrastructure maintenance costs. Moreover, innovations focusing on reducing the size and cost of satellite communication equipment could lead to broader adoption. Expansion into emerging markets, where terrestrial communication infrastructure is limited, represents a significant growth avenue. Additionally, integrating AI and machine learning for predictive analytics in satellite communication could enhance decision-making processes across various industries.

In the Americas, the USA and Canada are at the forefront of adopting M2M satellite communication technologies. The Americas region showcases a high demand for remote monitoring, fleet management and maritime communications technologies.

European countries are rapidly integrating M2M satellite communications across various industries, including agriculture, logistics and environmental monitoring. The Emea region emphasises sustainable and efficient operations, with a push for reducing carbon footprints through optimised resource management. With its geographical and socio-economic landscape, the Emea region highlights a critical demand for M2M satellite communication in mining, oil, gas and disaster management.

In Africa, the focus is on bridging the digital divide by leveraging satellite communication for education and healthcare delivery in remote areas.

The Apac region, including China, Japan and India, presents a burgeoning market for M2M satellite communication. This region is characterised by its rapid technological adoption, with significant interests in smart agriculture, telemedicine and smart cities.

Vendors covered in the report include Connecta Satellite, Echostar Mobile, Comtech Telecommunications, Globalstar, Honeywell, Intelsat, Iridium, KORE Wireless, Northern Axcess Satellite Communications, NRG Systems, Nupoint Systems, Orange Business, Orbcomm, Qualcomm, Semtech, SES, Soracom, Syntelix Avances Tecnológicos, Telesat, Thales, Marlink, Viasat and Yahsat.

For more on the report, see: www.360iresearch.com/library/intelligence/m2m-satellite-communication.