“The mission represents a significant milestone for us. It will be the first step in extending cellular 5G coverage beyond terrestrial cell towers. What makes OQ Technology different is its combination of cellular and satellite technologies, providing coverage in poorly connected areas with a low-cost solution that can match existing but expensive M2M and VSAT satellite products,” mentioned Omar Qaise, founder and CEO of OQ Technology in an announcement.
Following an on-orbit know-how demonstration mission in 2019, the brand new Tiger-2 missions would be the OQ Technology’s first industrial satellite tv for pc to launch, out of a constellation of greater than 60 show-box sized satellites.
The constellation goals to supply the world’s first pole-to-pole 5G protection community devoted to machine to machine (M2M) and web of issues communication.
“The company plans to target the cellular IoT communication market, oil and gas, maritime, Industry 4.0 and transportation segments, autonomous cars and drones, for monitoring, control, and asset tracking in remote areas,” OQ Technology mentioned in an announcement.
“Its 5G IoT constellation provides a unique value for low latency applications, critical for 5G, as the satellites are in low earth orbit and provide few milliseconds latency communication, which traditional GEO satellites operators cannot do.”
The launch is predicted as a part of the SpaceX Transporter-2 mission, scheduled no sooner than June 2021.
According to consultancy Omdia, the put in base of satellite tv for pc IoT connections is predicted to just about quadruple over the following few years, from 2.7m models in 2019 to 10.3m models in 2025, an annual progress fee common of 25%.
Revenue from this market is predicted to greater than double over the identical interval, with world IoT satellite tv for pc connectivity exercise reaching $544m in 2025, from $233m in 2019.
This story was first revealed in French on Paperjam. It has been translated and edited for Delano.