Satellite IoT

Global Satellite IoT Market to Reach US$3.5 Billion by 2030

The global market for Satellite IoT estimated at US$1.4 Billion in the year 2024, is expected to reach US$3.5 Billion by 2030, growing at a CAGR of 16.5% over the analysis period 2024-2030. Large Enterprises, one of the segments analyzed in the report, is expected to record a 18.2% CAGR and reach US$2.6 Billion by the end of the analysis period. Growth in the SMEs segment is estimated at 11.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$364.3 Million While China is Forecast to Grow at 15.4% CAGR

The Satellite IoT market in the U.S. is estimated at US$364.3 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$531.0 Million by the year 2030 trailing a CAGR of 15.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 15.4% and 14.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.9% CAGR.

Global Satellite IoT Market – Key Trends & Drivers Summarized

Why Is Satellite IoT Transforming Global Connectivity?

The satellite IoT (Internet of Things) market is growing rapidly as industries seek reliable connectivity solutions for remote and hard-to-reach locations. Traditional cellular networks have coverage limitations, making satellite-based IoT a game-changer for industries such as agriculture, maritime, mining, and logistics. Satellite IoT enables real-time monitoring, data collection, and asset tracking across vast geographical areas, enhancing operational efficiency and decision-making. The increasing deployment of low-Earth orbit (LEO) satellite constellations by companies like SpaceX, Amazon, and Iridium is further boosting the accessibility and affordability of satellite IoT solutions. As industries embrace digital transformation and automation, the demand for satellite-based IoT connectivity is expected to surge.

What Technological Innovations Are Driving The Adoption Of Satellite IoT?

The satellite IoT industry is witnessing groundbreaking advancements in low-power communication protocols, miniaturized IoT sensors, and AI-driven data analytics. Narrowband IoT (NB-IoT) and low-power wide-area networks (LPWAN) are enabling cost-effective, energy-efficient IoT deployments via satellite connectivity. AI-powered data processing is enhancing predictive maintenance, anomaly detection, and automated decision-making across various sectors. The integration of blockchain for secure data transmission is also gaining traction, ensuring tamper-proof communication between IoT devices and satellite networks. Additionally, advancements in antenna technology, including phased-array and electronically steerable antennas, are improving data transmission efficiency for IoT applications. These innovations are making satellite IoT more scalable, reliable, and commercially viable.

Which Industries Are Driving The Demand For Satellite IoT Services?

The agriculture sector is leveraging satellite IoT for precision farming, soil monitoring, and livestock tracking. Maritime and offshore industries are using satellite IoT for fleet management, vessel tracking, and environmental monitoring. The logistics and supply chain industry is integrating IoT-enabled satellite tracking for real-time shipment visibility and theft prevention. The oil and gas sector is adopting satellite IoT for remote asset monitoring and pipeline surveillance. Additionally, the environmental sector is utilizing satellite IoT for climate change research, wildlife conservation, and disaster response. As more industries require reliable connectivity beyond terrestrial networks, the satellite IoT market is poised for rapid expansion.

What Factors Are Fueling The Growth Of The Satellite IoT Market?

The growth in the satellite IoT market is driven by increasing demand for real-time remote monitoring, rising adoption of Industry 4.0 automation, and advancements in satellite technology. The expansion of LEO satellite networks is significantly reducing latency and improving coverage for IoT applications. Governments and enterprises are investing in satellite IoT to enhance disaster management, environmental monitoring, and border security. The growing need for secure, reliable, and energy-efficient IoT connectivity is also accelerating market adoption. As satellite IoT continues to bridge the digital divide, industries across the globe are expected to leverage its capabilities for enhanced operational efficiency and decision-making.

SCOPE OF STUDY:

The report analyzes the Satellite IoT market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Organization Size (Large Enterprises, SMEs); Service Outlook (Direct to Satellite, IoT Satellite Backhaul); End-Use (Defense, Energy & Utilities, Agriculture, Environmental, Transport & Logistics, Marine, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 42 Featured) -

• Astrocast
• Eutelsat
• FOSSA Systems
• Globalsat Group
• Globalstar Inc.
• Hiber
• hiSky
• Inmarsat plc
• Iridium Communications Inc.
• Kepler Communications
• Lacuna Space
• Myriota
• OQ Technology
• ORBCOMM Inc.
• Sky and Space Global
• Spire Global
• Swarm Technologies (a SpaceX company)
• u-blox
• Verizon
• Wyld Networks

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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