Telecommunications Company Telesat Records a 35% Year-Over-Year Boom in SPOT and Satellite IoT Device Sales in 2024
In an exciting turn of events, UK-based wireless and satellite technology reseller, Global Telesat Communications (GTC), a subsidiary of NextPlat Corp., has reported a significant increase in sales of Globalstar SPOT and satellite IoT devices in 2024. This growth, amounting to a 39% increase in revenue from subscriber equipment sales compared to the previous year, is primarily due to a higher volume of Commercial IoT device sales[1].
This surge in demand can be attributed to several key factors. Rising demand for satellite IoT solutions across various industries, supported by continuous activations and customer acquisitions, has played a significant role[1]. Additionally, strategic government and defense contracts have enhanced Globalstar's market presence, opening new revenue streams[3][5].
Innovative partnerships and technological advancements have also contributed to this growth. For instance, software-defined communication solutions and advanced 5G architectures targeting mission-critical applications have expanded the use cases for satellite IoT devices in tactical and autonomous systems environments[3].
Industry applications driving the adoption of these satellite IoT devices include asset tracking and location services, government and defense communications, and commercial IoT deployments for industries requiring reliable connectivity outside cellular networks[1][2]. Notably, the bestseller among Globalstar's commercial IoT devices is the SmartOne C.
Mark O'Connell, the EMEA and APAC general manager of Globalstar, has commented on GTC's ongoing success, expressing pride in the partnership between Globalstar and GTC. David Phipps, the managing director of GTC and the CEO of global operations of NextPlat Corp., has reported the extraordinary growth in sales of Globalstar's products this year, particularly for SPOT[2].
Interestingly, a customer has recently procured a large number of SmartOne C units to monitor oil and gas pipelines. Furthermore, the sales of Globalstar SPOT devices to commercial customers include utilities suppliers, civil and national defense organizations, and humanitarian aid NGOs[2].
This milestone was shortly after Globalstar announced the 10,000th rescue worldwide, thanks to the reliable and ubiquitous satellite-enabled tracking and SOS capabilities in Globalstar's product portfolio[2]. GTC has also seen accelerated demand from parties operating in regions affected by political instability or conflict, choosing SPOT to safeguard remote-working and at-risk employees[2].
Globalstar Europe Satellite Services Ltd., a subsidiary of Globalstar, Inc., is a next-generation mobile satellite and communications service provider. In May 2024, GTC celebrated reaching a total of 45,000 Globalstar device sales overall. The increase in sales is attributed to the popularity of SPOT Gen4, SPOT X, SPOT Trace, and SmartOne C satellite IoT transmitters[2].
It is worth noting that the sales of Globalstar devices at GTC are coming from a mix of individual consumers and organizations[2]. This trend underscores the versatility and wide-ranging applicability of Globalstar's satellite IoT devices.
In conclusion, GTC's sales increase in Globalstar SPOT and satellite IoT devices in 2024 stems from strong commercial demand, expansion in government contracts, technological innovation, and diverse industry applications in asset tracking, defense, and remote IoT connectivity solutions[1][3][5]. This growth suggests a broader trend where satellite IoT's market share relative to cellular IoT is growing, currently at 3.8% in 2024 and expected to rise, supporting sustained industry expansion[2].
[1] Global Telesat Communications (GTC) Press Release, 2024 [2] Globalstar Press Release, 2024 [3] NextPlat Corp. Press Release, 2024 [4] Globalstar Financial Report, 2024 [5] Globalstar Annual Report, 2024
The rising demand for satellite IoT solutions is significant across various industries, including asset tracking, government and defense communications, and commercial IoT deployments for industries requiring reliable connectivity outside cellular networks, which contributes to the growth in the sales of Globalstar SPOT and satellite IoT devices in the industry. The financial report of Globalstar in 2024 indicates that this growth is also driven by continuous activations and customer acquisitions, as well as strategic government and defense contracts.
