Monday, May 18, 2020

For Globalstar, the recent maritime regulations in the region will make satellite IoT grow exponentially

The operator has 72 satellites in low orbit, of which 24 are second generation. Its focus is on the Internet of Things, with satellite communication modules that transmit data with solar panels, a promising market within its largest vertical, which will allow it to expand the market in oil and maritime areas.

The satellite IoT market is expected to become increasingly competitive in the coming years due to the massive entry of new companies into the market and regulations that require greater controls over certain sectors. Globalstar, as one of the big players in this segment, sees that, for example, the new laws of Ecuador and Panama, which include satellite control of maritime vessels, will cause the market to have exponential growth in the region. In Ecuador, the recent law enacted on the fishing sector proposes the inclusion of satellite monitoring devices on vessels, after the threat from the European Union (EU) to prohibit the importation of fish from the country, as part of its fight against the illegal market .

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