Connected vehicles via satellite: trends and forecasts 2023–2033

07 October 2024 | Research

Shagun Sachdeva | Luke Wyles

Forecast report | PPTX and PDF (16 slides); Excel; CSV | Satellite Mobility


"Retail revenue in the satellite-connected vehicles industry will reach USD8 billion cumulatively between 2023 and 2033, mainly driven by the connected cars segment."

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This report provides a 10-year forecast for demand in the satellite connected vehicles market, by region, frequency band and segment. It includes projections for capacity, service, equipment and retail revenue during 2023–2033, analysis of the connected vehicles ecosystem, an assessment of the strategies for navigating the barriers to entry, and recommendations for satellite players to expand into this market.

Report coverage

  • Analysys Mason’s 10-year forecast for demand in the connected vehicles via satellite market, by region, frequency band and segment.
  • Projections for capacity, service, equipment and retail revenue during 2023–2033.
  • Analysis of the connected vehicles ecosystem, examining the evolving landscape, technological barriers, equipment requirements and standardisation challenges. 
  • Assessment of strategies for navigating the barriers to entry in the market.
  • Recommendations for satellite players to expand into this market.

Report segmentation

Variable
  • In-service units
  • Shipments
  • Capacity revenue
  • Service revenue
  • Equipment revenue
  • Retail revenue (service + equipment revenue)
  • Capacity demand
Segment
  • Connected cars
  • Connected trains
  • Connected buses
  • Connected trucks
  • Connected first responder vehicles
  • Connected heavy equipment vehicles
Frequency band
  • Mobile satellite service (MSS)
  • Geostationary (GEO) high-throughput satellite (HTS) Ku-band
  • GEO HTS Ka-band
  • Non-GEO HTS
Geographical regions
  • Asia
  • Europe (EU)
  • Latin America (LAM)
  • Middle East and Africa (MEA)
  • North America (NAM)

Questions answered in this report

  • At what rate will the market variables grow during the forecast period?
  • What can satellite operators and service providers do to strengthen their competitive advantage in this market?
  • How will the competition between GEO and non-GEO services progress, and how will this vary by segment?
  • Which segments, regions and technologies will provide demand and revenue growth in the satellite connected vehicles market?

Who should buy this report

  • Investors and financial institutions
  • Government agencies
  • Satellite operators, satellite manufacturers and integrators
  • Launch service providers and launch vehicle manufacturers
  • Launch brokers and integrators
  • Sub-system and component manufacturers
  • Regulatory agencies and policy makers

Companies mentioned in this report

Amazon Kuiper; BMW; Brightline; Cinetcomm; CNH Industries; CGI; Elron; Eutelsat OneWeb; Geespace/Geely; HiSky; Hyundai; Intelsat; Icomera; John Deere; Kymeta; Polestar; Samsung; Skylo; SpaceX; Vodafone; Volvo

USD8995

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Authors

Shagun Sachdeva

Senior Analyst, space and satellite, expert in space mobility

Luke Wyles

Analyst