February 8, 2025
The global satellite IoT market is expected to reach an estimated $2.11 billion by 2028, with a CAGR of 23.0% from 2023 to 2028.

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Global Satellite IoT Market Trends, Opportunities, and Forecasts from 2017 to 2028, by Service Type (Direct-to-Satellite and Satellite IoT Backhaul), Frequency Band (L-band, Ku and Ka-band, S-band, and Others) , End-Use Industry (Oil & Gas, Transportation & Logistics, Energy & Utilities, Agriculture, Marine, Healthcare, Military & Defense, and Others), and Region (North America, Europe, Asia Pacific, and Rest of the World) .

NEW YORK, Sept. 05, 2023 (GLOBE NEWSWIRE) — ReportLinker.com announces the release of the report “Satellite IoT Market: Trends, Opportunities and Competitive Analysis.” [2023-2028],

Satellite IoT Market Trends and Forecasts
The future of the global satellite IoT market looks promising, with opportunities in the oil & gas, transportation & logistics, energy & utility, agriculture, marine, healthcare, and military & defense sectors. The global satellite IoT market is expected to reach an estimated $2.11 billion by 2028, with a CAGR of 23.0% from 2023 to 2028. The major drivers for this market are the substantial need for hybrid satellite-terrestrial connectivity, the widespread use of this technology in the automated business. processes in the agricultural sector, and the emergence of IoT deployed satellites with low Earth orbit-based connectivity.

Over 150 pages of reports have been developed to assist you in your business decisions. Sample statistics are shown here along with some insights.

Satellite IoT Market by Segment
The study covers global satellite IoT market trends and forecasts based on service type, frequency band, end-use industry, and region

Satellite IoT Market by Service Type [Shipment Analysis by Value from 2017 to 2028],
• Direct-to-Satellite
• Satellite IoT Backhaul

Satellite IoT Market by Frequency Band [Shipment Analysis by Value from 2017 to 2028],
• L-Band
• Ku and Ka-band
• S-band
• Other

Satellite IoT Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028],
• oil and gas
• Transport and Logistics
• Energy and Utilities
• Agriculture
• Marine
• Health care
• Military and Defense
• Other

Satellite IoT Market by Region [Shipment Analysis by Value from 2017 to 2028],
• North America
• Europe
• Asia Pacific
• the rest of the world
List of Satellite IoT Companies
Companies compete on the basis of product quality in the market. Key players in this market focus on leveraging opportunities through their manufacturing facilities, R&D investment, infrastructural development, and integration across the value chain. With these strategies, satellite IoT companies meet growing demand, ensure competitive effectiveness, develop innovative products and technologies, reduce production costs, and expand their customer base. Some of the Satellite IoT companies covered in this report include-
• Orbcom
• Iridium Communications
• Astrocast
• Airbus SE
• Globalstar
• Thales Group
• Eutelsat Communications
Satellite IoT Market Insights
• Analyst estimate that L-band is expected to witness the highest growth over the period owing to its significant application in radar, GPS, radio, telecommunication, aircraft surveillance and marine industries.
• Agriculture is expected to witness the highest growth over the forecast period due to significant demand for IoT-based satellite for smart greenhouses and precision agriculture, and growing need for environmental, weather monitoring, and livestock monitoring.
• North America will remain the largest region over the forecast period due to the presence of key players, rising demand for earth observation satellites and availability of a robust satellite infrastructure in the region.
Global Satellite IoT Market Features
• Market Size Estimates: Satellite IoT market size estimates in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2017 to 2022) and forecast (2023 to 2028) by various segments and regions.
• Segmentation Analysis: Satellite IoT market size according to various segments, such as service type, frequency band, end-use industry, and region in terms of value ($B).
• Regional Analysis: Satellite IoT market analysis by North America, Europe, Asia Pacific and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities for the satellite IoT market across various service types, frequency bands, end-use industries, and regions.
• Strategic Analysis: This includes M&A, new product development and competitive landscape of the satellite IoT market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
general question
Q.1 What is the Satellite IoT market size?
Answer: The global satellite IoT market is expected to reach an estimated $2.11 billion by 2028.
Q.2 What is the growth forecast for the satellite IoT market?
Answer: The global satellite IoT market is expected to grow at a CAGR of 23.0% from 2023 to 2028
Q.3 What are the key drivers affecting the growth of the Satellite IoT market?
Answer: Major drivers for this market include substantial need for hybrid satellite-terrestrial connectivity, widespread use of this technology in automated business processes in the agriculture sector, and emergence of IoT deployed satellite with low Earth orbit-based connectivity.
Q4. What Are The Key Segments For The Satellite IoT Market?
Answer: The future of the satellite IoT market looks promising, with opportunities in the oil & gas, transportation & logistics, energy & utility, agriculture, marine, healthcare, and military & defense sectors.
Q5. Who Are the Major Satellite IoT Companies?

Answer: Some of the leading Satellite IoT companies are as follows:
• Orbcom
• Iridium Communications
• Astrocast
• Airbus SE
• Globalstar
• Thales Group
• Eutelsat Communications
Q6. Which satellite IoT market segment will be the largest in the future?
Answer: The analyst estimates that L-band is expected to witness the highest growth over the period due to its significant application in the radar, GPS, radio, telecommunication, aircraft surveillance and marine industries.
Q7. In the Satellite IoT market, which segment is expected to be the largest over the next 5 years?
Answer: North America will continue to be the largest region over the forecast period owing to the presence of key players, rising demand for earth observation satellites and availability of a robust satellite infrastructure in the region.
Q.8 Do we get customization in this report?
Answer: Yes, the analyzer offers 10% customization at no extra cost.

This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global satellite IoT market by service type (direct-to-satellite and satellite IoT backhaul), frequency band (L-band, Ku and Ka-band, S-band)? and others), end-use industries (oil and gas, transportation and logistics, energy and utilities, agriculture, marine, healthcare, military and defense, and others), and regions (North America, Europe, Asia Pacific, and Rest of the World) ?
Q.2. Which segments will grow at the fastest pace and why?
Q.3. Which sector will grow faster and why?
Q.4. What are the major factors affecting the market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and what are the reasons behind them?
Q.7. What are the changing demands of the customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are the key players taking for business growth?
Q.10. What are some competing products in this market and how big a risk do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has happened in the last 5 years and what is its impact on the industry?

For any questions related to Satellite IoT market or related to Satellite IoT companies, Satellite IoT market size, Satellite IoT market share, Satellite IoT market growth, Satellite IoT market research, write to Lucintel analyst at email: helpdesk@lucintel. com we will be glad to get back to you soon.
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