Satellite IoT - Global Stategic Business Report

The global market for Satellite IoT was estimated at US$1.4 Billion in 2024 and is projected to reach US$3.5 Billion by 2030, growing at a CAGR of 16.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Satellite IoT market.

Global Satellite IoT Market - Key Trends & Drivers Summarized

Why Is Satellite IoT Transforming Global Connectivity?

The satellite IoT (Internet of Things) market is growing rapidly as industries seek reliable connectivity solutions for remote and hard-to-reach locations. Traditional cellular networks have coverage limitations, making satellite-based IoT a game-changer for industries such as agriculture, maritime, mining, and logistics. Satellite IoT enables real-time monitoring, data collection, and asset tracking across vast geographical areas, enhancing operational efficiency and decision-making. The increasing deployment of low-Earth orbit (LEO) satellite constellations by companies like SpaceX, Amazon, and Iridium is further boosting the accessibility and affordability of satellite IoT solutions. As industries embrace digital transformation and automation, the demand for satellite-based IoT connectivity is expected to surge.

What Technological Innovations Are Driving The Adoption Of Satellite IoT?

The satellite IoT industry is witnessing groundbreaking advancements in low-power communication protocols, miniaturized IoT sensors, and AI-driven data analytics. Narrowband IoT (NB-IoT) and low-power wide-area networks (LPWAN) are enabling cost-effective, energy-efficient IoT deployments via satellite connectivity. AI-powered data processing is enhancing predictive maintenance, anomaly detection, and automated decision-making across various sectors. The integration of blockchain for secure data transmission is also gaining traction, ensuring tamper-proof communication between IoT devices and satellite networks. Additionally, advancements in antenna technology, including phased-array and electronically steerable antennas, are improving data transmission efficiency for IoT applications. These innovations are making satellite IoT more scalable, reliable, and commercially viable.

Which Industries Are Driving The Demand For Satellite IoT Services?

The agriculture sector is leveraging satellite IoT for precision farming, soil monitoring, and livestock tracking. Maritime and offshore industries are using satellite IoT for fleet management, vessel tracking, and environmental monitoring. The logistics and supply chain industry is integrating IoT-enabled satellite tracking for real-time shipment visibility and theft prevention. The oil and gas sector is adopting satellite IoT for remote asset monitoring and pipeline surveillance. Additionally, the environmental sector is utilizing satellite IoT for climate change research, wildlife conservation, and disaster response. As more industries require reliable connectivity beyond terrestrial networks, the satellite IoT market is poised for rapid expansion.

What Factors Are Fueling The Growth Of The Satellite IoT Market?

The growth in the satellite IoT market is driven by increasing demand for real-time remote monitoring, rising adoption of Industry 4.0 automation, and advancements in satellite technology. The expansion of LEO satellite networks is significantly reducing latency and improving coverage for IoT applications. Governments and enterprises are investing in satellite IoT to enhance disaster management, environmental monitoring, and border security. The growing need for secure, reliable, and energy-efficient IoT connectivity is also accelerating market adoption. As satellite IoT continues to bridge the digital divide, industries across the globe are expected to leverage its capabilities for enhanced operational efficiency and decision-making.

Report Scope

The report analyzes the Satellite IoT market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Organization Size (Large Enterprises, SMEs); Service Outlook (Direct to Satellite, IoT Satellite Backhaul); End-Use (Defense, Energy & Utilities, Agriculture, Environmental, Transport & Logistics, Marine, Others)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Large Enterprises segment, which is expected to reach US$2.6 Billion by 2030 with a CAGR of a 18.2%. The SMEs segment is also set to grow at 11.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $364.3 Million in 2024, and China, forecasted to grow at an impressive 15.4% CAGR to reach $531.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Satellite IoT Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Satellite IoT Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Satellite IoT Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Astrocast, Eutelsat, FOSSA Systems, Globalsat Group, Globalstar Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 42 Featured):

• Astrocast
• Eutelsat
• FOSSA Systems
• Globalsat Group
• Globalstar Inc.
• Hiber
• hiSky
• Inmarsat plc
• Iridium Communications Inc.
• Kepler Communications
• Lacuna Space
• Myriota
• OQ Technology
• ORBCOMM Inc.
• Sky and Space Global
• Spire Global
• Swarm Technologies (a SpaceX company)
• u-blox
• Verizon
• Wyld Networks

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry