Shipments of Vehicles with Satellite Connectivity to Reach 30 Million by 2034, Presenting Automakers a Major Monetization Opportunity

The lack of extensive coverage in the United States, China, and even on main roads in the European Union, (where drivers have no connectivity 12.4% of the time), makes satellite connectivity especially appealing in these regions, which have strong markets for the premium and SUV vehicle segments. Targeting emergency use cases, such as emergency text/call, stolen vehicle tracking, and remote vehicle monitoring, allows drivers to have complete access to these features in the moments when they are most likely to need them – in rural or unfamiliar terrain where cellular infrastructure is also likely to be scarce.

To extract the maximum value from in-vehicle satellite connectivity, the ecosystem must be aligned on the business and revenue model and integrate best practices. "To achieve this, organizations such as the European Space Agency (ESA), 5G Automotive Association (5GAA), and 3G Partnership Project (3GPP) all contribute to standardize connectivity protocols, component design, and accelerate the deployment of this technology into passenger vehicles. Their fruitful collaboration will be the key to unlocking the full value proposition of satellite connectivity," Miah concludes.

These findings are from ABI Research's Satellite Communications in the Automotive Industry application analysis report. This report is part of the company's Smart Mobility and Automotive research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.

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