Leading M2M analyst and consulting firm Beecham Research Ltd. has been awarded a €200,000 contract by the European Space Agency to conduct an intensive study of the worldwide market for Satellite M2M. The company will act as prime contractor for the study and will be aided by its subcontract partner Astrium, part of the EADS Group and based in Toulouse, France. This first-of-a-kind study will assess both the current market for Satellite M2M services and the opportunities for market development through new technology initiatives.

“Satellite M2M has enormous potential as part of the M2M World of Connected Services,” said Robin Duke-Woolley, CEO of Beecham Research. “We will be working to ensure this substantial and timely study demonstrates the tremendous prospects for the global Satellite M2M market in the future and examines in depth what needs to be done to achieve it.”

Beecham’s partner Astrium Services will provide detailed input on satellite technology trends and on commercial application opportunities. Commenting on the award, Jean-Marc Villevieille, head of technologies and business alliances at the company, said, “Satellite M2M is just at the beginning of what promises to be a huge growth market. We are delighted to be working with Beecham Research to provide our technical experience in this field and help with recommendations for evolution of future satellite M2M systems.”