The Satellite IoT Communications Market 4th Edition

The Satellite IoT Communications Market 4th Edition

The Satellite IoT Communications Market analyses the latest trendsand developments on the emerging satellite IoT connectivity market.This strategic research report from Berg Insight provides you with65 pages of unique business intelligence including 5-year industryforecasts and expert commentary on which to base your businessdecisions.

The Satellite IoT Communications Market 4th Edition

Only about 10 percent of the Earth’s surface has access to terrestrial connectivity services whichleaves a massive opportunity for satellite IoT communications. Satellite connectivity provides acomplement to terrestrial cellular and non-cellular networks in remote locations, especially usefulfor applications in agriculture, asset tracking, maritime and intermodal transportation, oil and gasindustry exploration, utilities, construction and governments. Both incumbent satellite operatorsand more than two dozen new initiatives are now betting on the IoT connectivity market. Thisstudy covers a total of 40 satellite IoT operators. Only 17 of these offer commercial satellite IoTconnectivity services today.

The global satellite IoT communications market is growing at a good steady pace. The globalsatellite IoT subscriber base grew to surpass 5.1 million in 2023. The number of satellite IoTsubscribers will increase at a compound annual growth rate (CAGR) of 39.2 percent to reach26.7 million units in 2028. Satellite IoT connectivity revenues are at the same time forecasted togrow at a compound annual growth rate (CAGR) of 34.8 percent from € 302.9 million in 2023 toapproximately € 1.35 billion in 2028. Meanwhile the monthly ARPU is expected to drop to € 4.20by 2028. Iridium, Orbcomm, Inmarsat and Globalstar are the largest satellite IoT networkoperators. Iridium grew its subscriber base by 17 percent in the last year and reached the numberone spot serving 1.8 million subscribers. Originally a dedicated satellite operator, Orbcomm hastransitioned into an end-to-end solution provider, delivering services on its own satellite networkas well as being a reseller partner of Inmarsat and others. At the end of Q4-2023, the companyhad more than 0.7 million satellite IoT subscribers on its own and Inmarsat’s networks. Inmarsatdoes not currently report IoT subscribers. Globalstar reached 0.48 million subscribers. Otherplayers with connections in the tens of thousands include for instance Myriota in Australia, Kineisin France and Thuraya in the UAE.

In addition to the incumbent satellite operators a number of new initiatives have appeared on themarket recently. Examples of some high-profile projects are Astrocast, AST SpaceMobile,CASC/CASIC, E-Space, Hubble Network, Kepler Communications, Kineis, Ligado Networks,Lynk, Myriota, Omnispace, Skylo, Swarm Technologies (SpaceX) and Totum. Many of these arebased on low-earth orbit nano satellite concepts. While some rely on proprietary satelliteconnectivity technologies to support IoT devices, several are starting to leverage terrestrialwireless IoT connectivity technologies. Examples include OQ Technology, AST SpaceMobile,Omnispace, Sateliot, Galaxy Space, Ligado Networks, Lynk, Skylo and Starlink (3GPP 4G/5G);EchoStar Mobile, Fossa Systems, Lacuna Space, Innova Space and Eutelsat (LoRaWAN); andHubble Network (Bluetooth).