PUBLISHER: Grand View Research | PRODUCT CODE: 1530532
PUBLISHER: Grand View Research | PRODUCT CODE: 1530532
Satellite IoT Market Size, Share & Trends Analysis Report By Service (Direct to Satellite, IoT Satellite Backhaul), By End-use (Defense, Energy & Utilities), By Organization Size, By Region, And Segment Forecasts, 2024 - 2030
Satellite IoT Market Size & Trends
The global satellite IoT market size was estimated at USD 1.12 billion in 2023 and is expected to grow at a CAGR of 14.6% from 2024 to 2030. The proliferation of IoT applications across various industries, such as agriculture, transportation, and energy, is a significant market growth driver. These sectors increasingly rely on IoT devices to monitor, control, and optimize operations. Satellite IoT provides connectivity in remote and underserved areas where terrestrial networks are unavailable or unreliable. This capability enables seamless data transmission and device management, ensuring continuous operation and improving efficiency, thereby driving market growth.
Moreover, the market is benefiting significantly from technological advancements in satellite communications, such as the development of low-earth orbit (LEO) satellites. LEO satellites can provide higher bandwidth and lower latency communications compared to traditional geostationary satellites. This improvement in the quality of service makes satellite IoT solutions more attractive for a wide range of applications, including real-time asset tracking and high-speed data transmission, fueling market growth.
Governments and defense agencies across the globe rely extensively on satellite technology for secure and reliable communication, navigation, and surveillance. With an increasing focus on enhancing national security infrastructure, there is a surge in demand for satellite IoT technologies to support various military operations and projects. These initiatives require robust, secure, and fail-proof connectivity fulfilled by satellite communications, thus driving market expansion.
In addition, the global drive towards digital transformation and automation across industries has led to a surge in IoT adoption. Satellite IoT plays a crucial role in enabling connectivity for IoT devices located in harsh or remote environments where traditional connectivity methods are difficult to function. This widespread adoption of IoT solutions necessitates the integration of satellite technology to ensure seamless global coverage, thereby propelling market growth in the coming years.
Furthermore, the surge in data-driven decision-making practices across industries propels the demand for Satellite IoT. Organizations leverage IoT data to gain insights, optimize processes, and enhance operational efficiency. Satellite IoT enables the collection and transmission of critical data from remote or mobile assets, ensuring decision-makers can access real-time information. This capability supports predictive maintenance, asset tracking, environmental monitoring, and other applications, propelling the market forward.
Global Satellite IoT Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global satellite IoT market report based on organization size, service, end-use, and region:
- Organization Size Outlook (Revenue, USD Million, 2018 - 2030)
- Large Enterprises
- Small & Medium Sized Enterprises
- Service Outlook (Revenue, USD Million, 2018 - 2030)
- Direct to Satellite
- IoT Satellite Backhaul
- End-use Mode Outlook (Revenue, USD Million, 2018 - 2030)
- Defense
- Energy & Utilities
- Agriculture
- Environmental
- Transport and Logistics
- Marine
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
- Europe
Germany
UK
France
Italy
- Asia Pacific
Japan
China
India
Australia
South Korea
- Latin America
Brazil
- Middle East and Africa (MEA)
UAE
Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Satellite IoT Market Snapshot
- 2.2. Satellite IoT Market- Segment Snapshot (1/2)
- 2.3. Satellite IoT Market- Segment Snapshot (2/2)
- 2.4. Satellite IoT Market- Competitive Landscape Snapshot
Chapter 3. Satellite IoT Market - Industry Outlook
- 3.1. Market Overview
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.4. Technology Landscape
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's analysis
- 3.5.2. Macroeconomic analysis
Chapter 4. Satellite IoT Market: Organization Size Estimates & Trend Analysis
- 4.1. Organization Size Movement Analysis & Market Share, 2023 & 2030
- 4.2. Satellite IoT Market Estimates & Forecast, By Organization Size, 2018 - 2030 (USD Million)
- 4.2.1. Large Enterprises
- 4.2.2. Small & Medium Sized Enterprises
Chapter 5. Satellite IoT Market: Service Estimates & Trend Analysis
- 5.1. Service Movement Analysis & Market Share, 2023 & 2030
- 5.2. Satellite IoT Market Estimates & Forecast, By Service 2018 - 2030 (USD Million)
- 5.2.1. Direct to Satellite
- 5.2.2. IoT Satellite Backhaul
Chapter 6. Satellite IoT Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 6.2. Satellite IoT Market Estimates & Forecast, By End Use 2018 - 2030 (USD Million)
- 6.2.1. Defense
- 6.2.2. Energy & Utilities
- 6.2.3. Agriculture
- 6.2.4. Environmental
- 6.2.5. Transport and Logistics
- 6.2.6. Marine
- 6.2.7. Others
Chapter 7. Regional Estimates & Trend Analysis
- 7.1. Satellite IoT Market by Region, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Satellite IoT Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 7.2.2. U.S.
- 7.2.3. Canada
- 7.2.4. Mexico
- 7.3. Europe
- 7.3.1. Europe Satellite IoT Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 7.3.2. Germany
- 7.3.3. UK
- 7.3.4. France
- 7.3.5. Italy
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Satellite IoT Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 7.4.2. Japan
- 7.4.3. China
- 7.4.4. India
- 7.4.5. South Korea
- 7.4.6. Australia
- 7.5. Latin America
- 7.5.1. Latin America Satellite IoT Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 7.5.2. Brazil
- 7.6. Middle East & Africa (MEA)
- 7.6.1. MEA Satellite IoT Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.3. UAE
- 7.6.4. South Africa
Chapter 8. Satellite IoT Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Positioning
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.8.1. Expansion/Divestiture
- 8.8.2. Collaborations/Partnerships
- 8.8.3. New Product Launches
- 8.8.4. Research & Development
- 8.9. Company Profiles
- 8.9.1. Iridium Satellite LLC
- 8.9.1.1. Participant's Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.1.4. Recent Developments
- 8.9.2. ORBCOMM Inc.
- 8.9.2.1. Participant's Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.2.4. Recent Developments
- 8.9.3. Globalstar, Inc.
- 8.9.3.1. Participant's Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.3.4. Recent Developments
- 8.9.4. Northrop Grumman Corporation
- 8.9.4.1. Participant's Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.4.4. Recent Developments
- 8.9.5. Swarm Technologies Inc.
- 8.9.5.1. Participant's Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.5.4. Recent Developments
- 8.9.6. Inmarsat Group
- 8.9.6.1. Participant's Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.6.4. Recent Developments
- 8.9.7. Kepler Communications Inc.
- 8.9.7.1. Participant's Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.7.4. Recent Developmentserformance
- 8.9.10.3. Product Benchmarking
- 8.9.10.4. Recent
- 8.9.8. Myriota Pty Ltd.
- 8.9.8.1. Participant's Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.8.4. Recent Developments
- 8.9.9. Thales S.A.
- 8.9.9.1. Participant's Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.9.4. Recent Developments
- 8.9.10. Airbus SE
- 8.9.10.1. Participant's Overview
- 8.9.10.2. Financial PDevelopments
- 8.9.1. Iridium Satellite LLC
List of Tables
- Table 1 Key market driver impact
- Table 2 Key market restraint impact
- Table 3 Satellite IoT Market Revenue Estimates and Forecast, By Organization Size, 2018 - 2030 (USD Million)
- Table 4 Satellite IoT Market Revenue Estimates and Forecast, By Service, 2018 - 2030 (USD Million)
- Table 5 Satellite IoT Market Revenue Estimates and Forecast, by End Use, 2018 - 2030 (USD Million)
- Table 6 Recent Developments & Impact Analysis, By Key Market Participants
- Table 7 Company Heat Map Analysis
- Table 8 Key companies launching new products
- Table 9 Key companies pursuing expansions
- Table 10 Key companies pursuing mergers & acquisitions
- Table 11 Key companies striking collaborations/partnerships
List of Figures
- Fig. 1 Market Segmentation And Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Satellite IoT Market - Value Chain Analysis
- Fig. 11 Satellite IoT Market - Market Dynamics
- Fig. 12 Satellite IoT Market - Porter's Five Forces Analysis
- Fig. 13 Satellite IoT Market - PESTEL Analysis
- Fig. 14 Satellite IoT Market, By Organization Size : Key Takeaways
- Fig. 15 Satellite IoT Market, By Organization Size: Market Share, 2023 & 2030
- Fig. 16 Large Enterprises Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 17 Small & Medium Sized Enterprises Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Satellite IoT Market, By Service : Key Takeaways
- Fig. 19 Satellite IoT Market, By Service: Market Share, 2023 & 2030
- Fig. 20 Direct to Satellite Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21 IoT Satellite Backhaul Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Satellite IoT Market, By End Use : Key Takeaways
- Fig. 23 Satellite IoT Market, By End Use : Market Share, 2023 & 2030
- Fig. 24 Defense Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Energy & Utilities Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Agriculture Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Environmental Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Transport and Logistics Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Marine Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Others Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Regional Marketplace: Key Takeaways
- Fig. 32 Regional Marketplace: Key Takeaways
- Fig. 33 North America Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 34 U.S. Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 35 Canada Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 36 Mexico Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 37 Europe Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 38 Germany Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 39 UK Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 40 France Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 41 Asia Pacific Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 42 China Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 43 India Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 44 Japan Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 45 Australia Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 46 South Korea Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 47 Latin America Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 48 Brazil Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 49 MEA Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 50 Saudi Arabia Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 51 South Africa Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 52 UAE Satellite IoT Market Estimates & Forecast, 2018 - 2030 (USD Million)
- Fig. 53 Key Company Categorization
- Fig. 54 Componany Market Positioning
- Fig. 55 Strategic Framework
