Satellite IoT Market Growth Analysis by 2031
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
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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