Global Satellite IoT Market Size Study, by Service Type (Direct-to-Satellite, Satellite IoT Backhaul), by Frequency Band (L-Band, Ku and Ka-Band, S-Band, Others), by Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise), by Industry Vertic

Global Satellite IoT Market Size Study, by Service Type (Direct-to-Satellite, Satellite IoT Backhaul), by Frequency Band (L-Band, Ku and Ka-Band, S-Band, Others), by Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise), by Industry Vertical (Oil and Gas, Transportation and Logistics, Energy and Utilities, Agriculture, Maritime, Healthcare, Military and Defense, Others), and Regional Forecasts 2022-2032


Global Satellite IoT Market is valued at approximately USD 1.57 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 21.1% over the forecast period 2024-2032. Satellite IoT refers to the use of satellite communication networks and services to connect terrestrial IoT sensors and IoT end-nodes to a server, either in conjunction with or as an alternative to terrestrial communication networks. This technology enables modern businesses and organizations to rely on IoT for numerous data-driven applications, including tracking, monitoring, and managing assets, ensuring worker safety, and enhancing remote operations. Satellite IoT is particularly crucial for operations in areas beyond the reach of traditional cellular networks, which cover only approximately 15% of the planet.

Factors such as growth in digitalization, increased adoption of advanced technologies, and the integration of satellite IoT across various industries such as utilities, maritime, defense, and military are positively impacting the growth of the market. Additionally, the rise in investments in AI, ML, cloud-based services, and IoT is expected to provide lucrative growth opportunities for the market during the forecast period. Moreover, the integration of satellite IoT with mainstream business intelligence technologies further drives market growth. However, high costs associated with the technology, regulatory issues, and lack of comprehensive government policies are expected to hamper market growth.

The key regions considered for the global Satellite IoT Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the satellite IoT market in 2022, owing to significant investments in advanced technologies such as cloud-based services, AI/ML, business analytics solutions, and IoT to improve businesses and customer experiences. However, the Asia-Pacific region is expected to exhibit the highest growth during the forecast period due to increasing digitalization, rapid urbanization, increasing demand for reliable connectivity in remote areas, and growing adoption of IoT applications across sectors such as agriculture, logistics, and disaster management. Additionally, government initiatives to boost digital infrastructure and the rising disposable income are fueling market growth.

Major market players included in this report are:

ORBCOMM

Intelsat

Iridium Communications Inc.

Airbus

Globalstar

OQ Technology

Eutelsat Communications S.A.

Thales

Astrocast

INMARSAT GLOBAL LIMITED

The detailed segments and sub-segment of the market are explained below:

By Service Type:
• Direct-to-Satellite
• Satellite IoT Backhaul

By Frequency Band:
• L-Band
• Ku and Ka-Band
• S-Band
• Others

By Enterprise Size:
• Large Enterprise
• Small and Medium-sized Enterprise

By Industry Vertical:
• Oil and Gas
• Transportation and Logistics
• Energy and Utilities
• Agriculture
• Maritime
• Healthcare
• Military and Defense
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico
• RoLA

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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Chapter 1. Global Satellite IoT Market Executive Summary
1.1. Global Satellite IoT Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Service Type
1.3.2. By Frequency Band
1.3.3. By Enterprise Size
1.3.4. By Industry Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Satellite IoT Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Satellite IoT Market Dynamics
3.1. Market Drivers
3.1.1. Rise in Demand for Interconnectivity Between Devices in Remote Areas
3.1.2. Increase in Use of Satellite IoT to Automate Routine Processes in Agriculture Industry
3.1.3. Growth in Digitalization and Adoption of Advanced Technologies
3.2. Market Challenges
3.2.1. High Cost of Technologies
3.2.2. Regulatory Issues and Lack of Comprehensive Government Policies
3.3. Market Opportunities
3.3.1. Rise in Adoption of Cloud-based Solutions
3.3.2. Increase in Application of AR & VR Technologies
3.3.3. Integration of Satellite with Mainstream Technologies
Chapter 4. Global Satellite IoT Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Satellite IoT Market Size & Forecasts by Service Type 2022-2032
5.1. Segment Dashboard
5.2. Global Satellite IoT Market: Service Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Direct-to-Satellite
5.2.2. Satellite IoT Backhaul
Chapter 6. Global Satellite IoT Market Size & Forecasts by Frequency Band 2022-2032
6.1. Segment Dashboard
6.2. Global Satellite IoT Market: Frequency Band Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. L-Band
6.2.2. Ku and Ka-Band
6.2.3. S-Band
6.2.4. Others
Chapter 7. Global Satellite IoT Market Size & Forecasts by Enterprise Size 2022-2032
7.1. Segment Dashboard
7.2. Global Satellite IoT Market: Enterprise Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. Large Enterprise
7.2.2. Small and Medium-sized Enterprise
Chapter 8. Global Satellite IoT Market Size & Forecasts by Industry Vertical 2022-2032
8.1. Segment Dashboard
8.2. Global Satellite IoT Market: Industry Vertical Revenue Trend Analysis, 2022 & 2032 (USD Billion)
8.2.1. Oil and Gas
8.2.2. Transportation and Logistics
8.2.3. Energy and Utilities
8.2.4. Agriculture
8.2.5. Maritime
8.2.6. Healthcare
8.2.7. Military and Defense
8.2.8. Others
Chapter 9. Global Satellite IoT Market Size & Forecasts by Region 2022-2032
9.1. North America Satellite IoT Market
9.1.1. U.S. Satellite IoT Market
9.1.1.1. Service Type breakdown size & forecasts, 2022-2032
9.1.1.2. Frequency Band breakdown size & forecasts, 2022-2032
9.1.1.3. Enterprise Size breakdown size & forecasts, 2022-2032
9.1.1.4. Industry Vertical breakdown size & forecasts, 2022-2032
9.1.2. Canada Satellite IoT Market
9.2. Europe Satellite IoT Market
9.2.1. U.K. Satellite IoT Market
9.2.2. Germany Satellite IoT Market
9.2.3. France Satellite IoT Market
9.2.4. Spain Satellite IoT Market
9.2.5. Italy Satellite IoT Market
9.2.6. Rest of Europe Satellite IoT Market
9.3. Asia-Pacific Satellite IoT Market
9.3.1. China Satellite IoT Market
9.3.2. India Satellite IoT Market
9.3.3. Japan Satellite IoT Market
9.3.4. Australia Satellite IoT Market
9.3.5. South Korea Satellite IoT Market
9.3.6. Rest of Asia Pacific Satellite IoT Market
9.4. Latin America Satellite IoT Market
9.4.1. Brazil Satellite IoT Market
9.4.2. Mexico Satellite IoT Market
9.4.3. Rest of Latin America Satellite IoT Market
9.5. Middle East & Africa Satellite IoT Market
9.5.1. Saudi Arabia Satellite IoT Market
9.5.2. South Africa Satellite IoT Market
9.5.3. Rest of Middle East & Africa Satellite IoT Market
Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. ORBCOMM
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Market Strategies
10.3.2. Intelsat
10.3.3. Iridium Communications Inc.
10.3.4. Airbus
10.3.5. Globalstar
10.3.6. OQ Technology
10.3.7. Eutelsat Communications S.A.
10.3.8. Thales
10.3.9. Astrocast
10.3.10. INMARSAT GLOBAL LIMITED
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research AttributesList of Tables
TABLE 1. Global Satellite IoT Market, report scope
TABLE 2. Global Satellite IoT Market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Satellite IoT Market estimates & forecasts by Service Type 2022-2032 (USD Billion)
TABLE 4. Global Satellite IoT Market estimates & forecasts by Frequency Band 2022-2032 (USD Billion)
TABLE 5. Global Satellite IoT Market estimates & forecasts by Enterprise Size 2022-2032 (USD Billion)
TABLE 6. Global Satellite IoT Market estimates & forecasts by Industry Vertical 2022-2032 (USD Billion)
TABLE 7. Global Satellite IoT Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Satellite IoT Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Satellite IoT Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Satellite IoT Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Satellite IoT Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Satellite IoT Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Satellite IoT Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Satellite IoT Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Satellite IoT Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Satellite IoT Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Satellite IoT Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Satellite IoT Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Satellite IoT Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Satellite IoT Market estimates & forecasts by segment 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.List of Figures
FIGURE 1. Global Satellite IoT Market, research methodology
FIGURE 2. Global Satellite IoT Market, market estimation techniques
FIGURE 3. Global market size estimates & forecast methods.
FIGURE 4. Global Satellite IoT Market, key trends 2023
FIGURE 5. Global Satellite IoT Market, growth prospects 2022-2032
FIGURE 6. Global Satellite IoT Market, porters 5 force model
FIGURE 7. Global Satellite IoT Market, PESTEL analysis
FIGURE 8. Global Satellite IoT Market, value chain analysis
FIGURE 9. Global Satellite IoT Market by segment, 2022 & 2032 (USD Billion)
FIGURE 10. Global Satellite IoT Market by segment, 2022 & 2032 (USD Billion)
FIGURE 11. Global Satellite IoT Market by segment, 2022 & 2032 (USD Billion)
FIGURE 12. Global Satellite IoT Market by segment, 2022 & 2032 (USD Billion)
FIGURE 13. Global Satellite IoT Market by segment, 2022 & 2032 (USD Billion)
FIGURE 14. Global Satellite IoT Market, regional snapshot 2022 & 2032
FIGURE 15. North America Satellite IoT Market 2022 & 2032 (USD Billion)
FIGURE 16. Europe Satellite IoT Market 2022 & 2032 (USD Billion)
FIGURE 17. Asia pacific Satellite IoT Market 2022 & 2032 (USD Billion)
FIGURE 18. Latin America Satellite IoT Market 2022 & 2032 (USD Billion)
FIGURE 19. Middle East & Africa Satellite IoT Market 2022 & 2032 (USD Billion)
FIGURE 20. Global Satellite IoT Market, company market share analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.

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