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 .