LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global satellite-enabled IoT market report. This research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
The global satellite-enabled IoT market has a limited number of multinational and regional suppliers that offer heterogeneous products and services. As the market is in its growth phase, vendors are obliged to compete based on the invention, innovation, and upgrade of existing technologies. The other major characteristics that are closely related to the market are quality, cost, and reliability.
Competitive vendor landscape
According to the report, the global satellite-enabled IoT market is highly fragmented with the presence of many local and domestic players. As a result, there is intense competition among the market vendors across all regions on the basis of product differentiation, portfolio, and pricing and the competition in the market is expected to intensify in the coming years.
“The market is expected to see substantial growth during the forecast period mainly due to the increasing dependence on the Internet and the growing market for connected devices or IoT. Vendors could experience a considerable demand for their products due to the increase in tension among neighboring countries and rise in the number of illegal activities across borders,” says Avimanyu Basu, a lead space research analyst from Technavio.
Existing key vendors must identify and respond to emerging new and small players in the market to ensure their long-term survival in the market. These players can offer optimum and integrated solutions to tap into the expanding market that is supported by the shifting focus of militaries to strengthen their army base with advanced and upgraded satellite-enabled IoT vehicles, aircraft, and ships.
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Top five satellite-enabled IoT market vendors
Eutelsat has a total of 39 satellites revolving around Earth. They cover the whole of EMEA and large parts of the American and Asian continents. The company meets the requirement of satellite-enabled IoT with the help of its newly developed SmartLNB. This is a next-generation electronic feed with an embedded DVB demodulator and an IP transmitter.
Inmarsat provides telephone and data services to users across the globe via mobile or portable terminals that communicate with the company's 12 geostationary telecommunications satellites. In the recent years, Inmarsat partnered with other technology and network providers to support satellite-enabled IoT projects.
MDA, through its wholly owned manufacturing subsidiary called Space Systems Loral (SSL), operates in the satellite-enabled IoT market. SSL was founded in 1957 and is headquartered in Palo Alto, California, US. The company offers geostationary commercial satellites and has expertise in building and integrating complex satellites and spacecraft systems.
Orbital ATK is an aerospace and defense technology company that designs, builds, and delivers space, defense, and aviation-related systems. The company's core products include satellites and associated components and services; launch vehicles and related propulsion systems; composite aerospace structures; precision weapons, tactical missiles, subsystems and defense electronics; armament systems, and ammunition.
SES, through its wholly owned subsidy called O3b Networks, operates in the satellite-enabled IoT market. O3B provides communication services and operates both a state-of-the-art low latency satellites, HTS, and global terrestrial infrastructure.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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