Experiences substantial 35% year-on-year increase in SPOT and satellite IoT device sales by Telesat Communications in 2024
The sales of Globalstar SPOT satellite IoT devices have seen a significant surge, with an impressive 35% increase compared to the same period in 2023. This growth has been driven by a combination of factors, including technological advancements, expanding use cases, and partnerships that strengthen Globalstar's satellite IoT infrastructure.
Key Factors Driving the Growth
- Expansion of LEO Satellite Networks: Globalstar's deployment of next-generation low Earth orbit (LEO) satellites, supported by partnerships such as SpaceX, has expanded coverage and improved service quality, making the devices more reliable and widespread.
- Technology Innovations and Cost Improvements: Advances in low-power, low-cost IoT devices and efficient satellite constellations, including CubeSats and smaller satellites, have enabled cheaper and longer-lasting devices suitable for large-scale IoT deployments.
- Hybrid Satellite-Terrestrial Connectivity: Seamless switching between terrestrial mobile networks and satellite connections, supported by emerging single-chip technologies and partnerships, improves connectivity reliability and user experience for devices in challenging or remote environments.
- Growing Market Demand for Remote Connectivity: As industries expand automation and asset tracking to remote or previously unconnected locations, satellite IoT fills critical coverage gaps where cellular networks do not reach effectively.
- Infrastructure Investments and Licensing: Globalstar's expansion of ground station infrastructure, along with newly granted 15-year FCC licenses, supports long-term deployment and scale of IoT services globally, enhancing network capacity and service quality.
Usage by Individual Consumers and Organizations
The popularity of SPOT devices extends beyond the outdoor enthusiast community. Individual consumers use these devices as personal satellite GPS trackers and emergency messaging devices in remote areas without cellular coverage.
On the other hand, companies leverage Globalstar SPOT and IoT devices for asset tracking, fleet management, and data analytics in various industries such as mining, agriculture, shipping, logistics, and supply chains. The satellite IoT enables monitoring of critical assets in remote, moving, or obstructed environments with low-cost, power-efficient sensors and two-way communication capabilities for command and automation workflows.
Sales Achievements
Global Telesat Communications (GTC), a subsidiary of NextPlat Corp., has been a key player in this growth, selling over 10,800 Globalstar devices in 2024. GTC's sales of Globalstar devices have come from a mix of individual consumers and organisations across various industries, not just limited to one.
This success has been further demonstrated by the sale of a large number of Globalstar's SmartOne C units to a customer for monitoring oil and gas pipelines. GTC reached a total of 45,000 Globalstar device sales overall in May 2024.
Moreover, GTC has experienced accelerated demand from humanitarian aid NGOs, as well as parties operating in regions affected by political instability or conflict.
Globalstar, Inc., a next-generation mobile satellite and communications service provider, expresses pride in its partnership with GTC. Mark O'Connell, the EMEA and APAC general manager of Globalstar, comments on GTC's ongoing success, while David Phipps, the managing director of GTC and the CEO of global operations of NextPlat Corp., reports the growth in sales.
In a remarkable milestone, Globalstar announced the 10,000th rescue worldwide, thanks to the reliable and ubiquitous satellite-enabled tracking and SOS capabilities in Globalstar's product portfolio. This underscores the life-saving potential of these devices in challenging environments.
In summary, the surge in sales of Globalstar SPOT satellite IoT devices is underpinned by technological advancements in LEO satellite networks, cost-effective device innovation, hybrid connectivity solutions, robust infrastructure expansion, and the expanding need for reliable remote connectivity across consumer and industrial use cases.
1. Finance: The impressive growth in the sales of Globalstar SPOT satellite IoT devices has attracted the attention of investors in the finance industry, due to the potential for long-term profits from the expansion of Globalstar's IoT services in various sectors.
2. Data-and-Cloud-Computing: The increasing adoption of Globalstar's SPOT IoT devices by companies across various industries opens up opportunities for data collection, cloud storage, and subsequent analysis related to asset tracking, fleet management, and remote information exchange, thereby creating a demand for advanced data-and-cloud computing solutions.
