Satellite Iot Market Scope And Analysis

Report Code : TIPRE00030124
Category : Technology, Media and Telecommunications

No. of Pages : 150

Buy Now

Satellite IoT Market Growth Analysis by 2031

Buy Now

Satellite IoT Market Report Scope

Report Attribute	Details
Market size in 2024	US$ 1.95 billion
Market Size by 2031	US$ 8.26 billion
Global CAGR (2025 - 2031)	22.9%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Service Type Direct-to-Satellite Satellite IoT Backhaul By Frequency Band L-Band Ku and Ka-Band S-Band By Enterprise Size Large Enterprises SMEs By End Use Industry Oil and Gas Transportation and Logistics Energy and Utilities Agriculture Healthcare Military and Defense Maritime
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Astrocast Iridium Communications Inc Inmarsat Global Limited Globalstar Thales EchoStar Mobile Eutelsat Orbcomm Commsat OQ Technology

Satellite IoT Market News and Recent Developments

The satellite IoT market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

In May 2024, European firms OQ Technology and Transatel announced their collaboration to achieve global satellite 5G IoT connectivity. Transatel offers global 5G roaming, enabling NB-IoT deployment worldwide. This collaboration empowers businesses with reliable IoT services, even in previously inaccessible areas.

(Source: OQ Technology, Press Release, 2024)

In March 2024, Sateliot announced that it would launch four satellites in the summer of 2024 to connect just under 7 million IoT devices, marking the commercial launch of the company’s LEO constellation. The satellites will be launched aboard a SpaceX rocket and join Sateliot’s two existing Low-Earth Orbit (LEO) 5G satellites already orbiting Earth. Sateliot said it would begin billing the US$204 million worth of binding orders, serving more than 350 clients in more than 50 countries worldwide.

(Source: Sateliot, Press Release, 2024)

Satellite IoT MarketReport Coverage and Deliverables

The “Satellite IoT Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:

Satellite IoT Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities
Satellite IoT Market Trends
Detailed PEST/Porter’s Five Forces and SWOT analysis
Satellite IoT covers key market trends, Global and regional frameworks, major players, regulations, and recent market developments.
Satellite IoT industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
Detailed company profiles