At a compound annual growth rate (CAGR) of 22.7%, the global satellite IoT market is projected to grow from its 2023 valuation of USD 1.88 billion to USD 7.95 billion by 2030.

Satellite IoT Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Satellite IoT Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Satellite IoT market, with forecasts outspreading to the year 2030.

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Satellite IoT Market Scope and Methodology:

The research provides a thorough understanding of the Satellite IoT industry, highlights major competitors and their market positioning, and provides an overview of the competitive landscape. It also talks about recent product developments and market trends in technology. For the benefit of businesses, newcomers, and industry participants in the Satellite IoT market, comprehensive data on revenue, sales volume, and average pricing is accessible for the whole Satellite IoT market and its segments. The examination of the Satellite IoT industry reveals current patterns impacting growth and prospects.

Both qualitative and quantitative research are included in the study, with an emphasis on pattern identification, data interpretation, and perceptive observations. A hierarchical method is used to analyse the strategies of leading businesses in the Satellite IoT industry, taking into account different market segments and geographical areas. Details on import/export activities, market trends, costs, and pricing are also included in the study.

Satellite IoT Market Regional Insights

The Satellite IoT market is divided into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, according to regional analysis. Several areas are home to nations such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.

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Satellite IoT Market Segmentation

by Service Type

Satellite IoT backhaul
Direct-to-Satellite

by Frequency Band

L-band
Ku and Ka-band
S-band
other

In terms of frequency band, the greatest satellite IoT market share in 2023 was held by the ku and ka band sectors. The frequencies of the ka band range from 26.5 GHz to 40 GHz, whereas the ku band spans from 12 GHz to 18 GHz. An increase in bandwidth frequency results in a higher pace of data transport. The Ku-band is utilized for satellite communications, particularly downlink, and offers high-resolution, short-range imaging capabilities.

by Application

Marine telematics
Smart agriculture
Remote oil rigs
Mining
Energy and Utilities
Construction
Military and defense
Transportation

by Organization Size

Small-size Enterprises
Medium-sizedEnterprises
Large Enterpriser

The satellite IoT market is divided into three segments based on the size of the enterprise: small, medium, and large. In 2023, the big enterprise segment held the greatest market share, and over the forecast period, it is anticipated to increase at a considerable compound annual growth rate. It is anticipated that the growing use of satellite IoT in large enterprises would present excellent prospects for market expansion.

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Satellite IoT Market Key Players

North America
1. Iridium Communication (US)
2. Global star (US)
3. Intelsat Corporation (USA)
4. Orbcomm (USA)
5. Viasat (US)
6. EchoStar Corporation (US)
7. Hughes Network Systems (US)
8. Space Exploration Technologies Corp. (SpaceX) (US)
9. Kepler Communications (Canada)
10. Helios Wire (Canada)
11. Intelsat (US)
Europe
12. Inmarsat Global Limited (UK)
13. Astrocast (Switzerland)
14. Airbus S.A.S (Netherlands)
15. Inmarsat (UK)
16. SES S.A. (Luxembourg)
17. Eutelsat (France)
18. Hispasat (Spain)
19. Kongsberg Satellite Services (KSAT) (Norway)
20. Astrocast (Switzerland)
21. Hiber (Netherlands)
Asia Pacific
22. Myriota (Australia)
23. Fleet Space Technologies (Australia)
24. other
Middle East Africa
25. Thuraya (UAE)
26. iDirect (Dubai)
27. YahClick (Abu Dhabi, United Arab Emirates)

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Table of Content: Satellite IoT Market

Part 01: Executive Summary

Part 02: Scope of the Satellite IoT Market Report

Part 03: Global Satellite IoT Market Landscape

Part 04: Global Satellite IoT Market Sizing

Part 05: Global Satellite IoT Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key questions answered in the Satellite IoT Market are:

• What is Satellite IoT?
• What was the Satellite IoT market size in 2023?
• What is the growth rate of the Satellite IoT Market?
• Which is the fastest-growing region in the Satellite IoT market?
• Which are the factors expected to drive the Satellite IoT market growth?
• What is the CAGR at which the Satellite IoT market will grow during the forecast period?
• What growth strategies are the players considering to increase their presence in Satellite IoT?
• What are the upcoming opportunities and trends for the Satellite IoT Market?
• What are the different segments of the Satellite IoT Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Satellite IoT Market?
• What segments are covered in the Satellite IoT Market?
• Who are the key players in the Satellite IoT market?
• Who are the leading companies and what are their portfolios in Satellite IoT Market? 

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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