Global Satellite IoT Market Report By Service Type (Satellite IoT Backhaul, Direct-to-Satellite), By Frequency Band (L-Band, Ku-and Ka-Band, S-Band, Other Bands), By Organization Size (Large Enterprises, Small and Medium Sized Enterprises), By Vertical (Maritime, Oil & Gas, Transportation & Logistics, Energy & Utilities, Agriculture, Healthcare, Military & Defense, Other Verticals) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Satellite IoT Market is presumed to reach the market size of nearly USD 7.76 Billion by 2032 from USD 1.39 Billion in 2023 with a CAGR of 20.9% under the study period 2024 - 2032.

Satellite Internet of Things (IoT) provides security to various end-use industries by connecting sensors and actuators to the Internet. It's a complicated network of Internet services delivered by satellite. Satellite IoT ensures that organizations can reliably monitor, manage, and control application connectivity regardless of where their assets are located. Many firms employ satellite IoT services to track and monitor assets for intelligent data conversions. Agriculture, healthcare, automobiles, energy & utilities, oil & gas, military & defence, and other industrial verticals employ satellite IoT services. Many organizations and businesses rely on satellite IoT services because of the increased efficiency of connecting, monitoring, and tracking assets in real-time. 

Market Dynamics 

Because of technological improvements worldwide, the global satellite IoT market is expected to proliferate during the forecast period. Growth and advancements in wireless technologies are driving the global satellite IoT market. During the projected period, the increased desire for enhanced engagement and communication with the physical environment through smart technology is expected to propel the satellite IoT market forward. The need for satellite IoT services is increasing due to safe logistic demands in various remote operations in numerous industries. The increased competition among these businesses opens up more potential for the satellite IoT market to flourish. Growth in demand for connected devices for real-time monitoring and an increase in satellite deployment for terrestrial networks are likely to fuel demand for satellite IoT over the projection period. 

The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of satellite iot. The growth and trends of Satellite IoT Industry provide a holistic approach to this study. 

Market Segmentation

This section of the satellite iot market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Service Type

• Satellite IoT Backhaul
• Direct-to-Satellite

By Frequency Band

• L-Band
• Ku-and Ka-Band
• S-Band
• Other Bands

By Organization Size

• Large Enterprises
• Small and Medium Sized Enterprises

By Vertical

• Maritime
• Oil & Gas
• Transportation & Logistics
• Energy & Utilities
• Agriculture
• Healthcare
• Military & Defense
• Other Verticals

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Satellite IoT market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Satellite IoT Market Share by Region (Representative Graph)


The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Satellite IoT market include Orbcomm (US), Iridium Communication (US), Globalstar (US), Astrocast (Switzerland), Inmarsat Global (UK), Airbus (Netherlands), Intelsat (US), Thales (France), Eutelsat (France), Northrop Grumman (US), Thuraya (Singapore), Vodafone (UK), Surrey Satellite Technology (UK), Head Aerospace (China), I.M.T. SRL (Italy), Fleetspace Technologies (Australia), Swarm Technologies (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.