Satellite Iot Market Report

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Satellite IoT Market 

• The annual demand for satellite IoT was USD 1.60 billion in 2024 and is expected to reach USD 1.92 billion in 2025, up 20.2% than the value in 2024.
• During the next 8 years (forecast period of 2025-2032), the satellite IoT market is expected to grow at a CAGR of 19.8%. The annual demand will reach USD 6.81 billion in 2032, which is almost 3.5 times the demand in 2025.
• During 2025-2032, the satellite IoT industry is expected to generate a cumulative sales opportunity of USD 31.59 billion, which is almost 5 times the opportunities during 2019-2023.

Want to know more about the market scope? Register Here

High-Growth Market Segments: 

• North America is expected to account for the largest market share during the forecast period.
• By service type, Direct-To-Satellite is expected to account for the largest market share during the forecast period.
• By frequency type, L-BAND is anticipated to hold the highest CAGR in the market during the forecast period.
• By organization type, Large Enterprises segment is projected to grow at the highest CAGR during the forecast period.
• By vertical type, Agriculture vertical is expected to register a higher CAGR during the forecast period.

Market Statistics 

Have a look at the sales opportunities presented by the satellite IoT market in terms of growth and market forecast.

Market Dynamics

Introduction:

Satellite IoT combines satellite communications with Internet of Things (IoT) networks to provide instant connectivity in remote or underserved areas where conventional networks are not available. Satellite IoT is applied extensively in agriculture, energy, marine, aviation, defense, and environmental monitoring. With global coverage, satellite IoT provides secure data transmission for mission-critical applications across industries.

The satellite IoT market provides global IoT connectivity via satellite networks, enabling data transmission in distant or underserved regions. It addresses industries such as agriculture, energy, logistics, and defense, fueled by increasing demand for dependable, low-power, wide-area communication outside of ground networks.

Market Drivers: 

Rising Demand for Satellite Internet Services

• The growing need for low-cost, high-speed broadband with increased data capacity is a prime growth driver for satellite IoT networks, especially in underserved rural markets and developing economies with poor internet connectivity.
• Moreover, the accelerating adoption of artificial intelligence, machine learning, cloud computing, smart cities, and connected cars, along with government subsidies, further boosts the usage of satellite internet services, making satellite IoTs a pivotal solution for both enterprise and consumer connectivity requirements.

Market Challenges: 

High Satellite IoT Development and Upkeep Costs

• The high expense of producing and sustaining ground infrastructure is one of the biggest threats facing the satellite IoT industry. Constructing earth stations involves high upfront costs, since equipment is usually custom-designed or purchased in bulk from specialized vendors. The R&D, manufacturing, and testing costs are equally high.
• Since defense and mission-critical applications demand highly reliable, power-efficient systems, organizations have to invest significantly in infrastructure and R&D to stay competitive, making it less accessible for smaller organizations.

Market Opportunities: 

Rising Technological Advancements

• Ka-band and V-band spectrum use has been noticed in newer LEO satellites since they offer higher data rates, better security, narrow beams, and small antennas.
• Together with improved spectrum use, improved active antennas and processing have raised the amount of information/data transfer per satellite, thus boosting the LEO constellation capacity.
• Recent advancements in analytics, coupled with growth in computational capability and AI-driven algorithms, assist in decreasing operating expenses and response times.

Segments' Analysis

By Service Analysis

“Direct-To-Satellite is expected to account for the largest market share during the forecast period.”

• Direct-to-satellite is expected to account for the largest market share during the forecast period because it facilitates cutting-edge applications for nature monitoring, situational awareness, and improved safety and economic activities in remote areas.
• The architecture of this kind enables devices to talk directly with the satellite without the requirement of any intermediate ground gateway. The satellite collects data from IoT devices and forwards it to the ground station closest to the device.
• The information is then stored in the application server to be processed. Such a model can be employed for a wide area sensor network with sensors deployed over a wide geographical area.

By Vertical Type Analysis

“Agriculture vertical is expected to register a higher CAGR during the forecast period.”

• Precision farming, also referred to as Precision Agriculture 4.0, or New Farming, is revolutionizing the agricultural industry by enhancing farms to be more productive, efficient, and sustainable. Precision farming enables farmers to manage resources, operations, and labor more effectively while substantially improving crop yield and profitability.
• The success of precision farming, however, depends greatly on good connectivity, and that is typically poor in rural areas because of weak infrastructure. This is a significant challenge, particularly in big food-producing nations. Satellite IoT solves this problem by providing seamless, low-cost global coverage, allowing IoT devices to send data directly from anywhere.
• Consequently, the agriculture vertical is likely to achieve a higher CAGR over the forecast period, fueled by the increased use of satellite IoT solutions in agricultural operations.

Regional Analysis

“North America is expected to account for the largest market share during the forecast period.”

• The satellite IoT market has expanded considerably in North America, which currently possesses the lion's share of the market.
• The need for satellite IoT in North America is being fueled by the booming digitalization within industries, coupled with the burgeoning need for Earth observation satellites, which provide very high-resolution images and videos of the Earth's surface as close as 1 meter or less.

Know the high-growth countries in this report. Register Here

Competitive Landscape

Top Players 

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the global satellite IoT market: -  

• Orbcomm
• Iridium Communications
• Astrocast
• Globalstar
• Inmarsat Global
• Airbus
• Intelsat
• Thales
• Vodafone
• Northrop Grumman

Note: The above list does not necessarily include all the top players in the market.

Are you a leading player in this market? We would love to include your name. Please write to us at [email protected]

Recent Developments/Mergers & Acquisitions: 

• In July 2024, Azerbaijan's national space agency, Azercosmos, teamed up with technology company DynaSys Networks, merging their satellite networks with DynaSys' IoT framework. This step will improve IoT application management across the EMEA regions, increasing efficiency, optimizing resources, and offering new revenue streams. The partnership is aimed at developing a smarter, more connected future.
• During February 2024, EMnify GmbH, a company focused on cloud-based IoT connectivity, made integrated cellular and satellite IoT connectivity generally available on a single EMnify IoT eSIM. The groundbreaking technology, dubbed SuperNetwork SatPlus, is incorporated into the emnify SuperNetwork, an industry-leading IoT cellular connection solution that provides extensive multi-network coverage in over 180 countries.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation 

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The global satellite IoT market is segmented into the following categories. 

Global Satellite IoT Market, by Service Type

• Satellite IoT Backhaul (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Direct-To-Satellite (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Global Satellite IoT Market, by Frequency Type

• L-BAND (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• S-BAND (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• KU-BAND (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Global Satellite IoT Market, by Organization Type

• Large Enterprises (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Small & Medium-Sized Enterprises (Regional Analysis:  North America, Europe, Asia-Pacific, and Rest of the World)

Global Satellite IoT Market, by Vertical Type

• Maritime (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Oil & Gas (Regional Analysis:  North America, Europe, Asia-Pacific, and Rest of the World)
• Transportation & Logistics (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Energy & Utilities (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Military & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Global Satellite IoT Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s global satellite IoT market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across industries. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]