Satellite IoT Market 2023 – 2030 By Service Type (Direct-to-Satellite, Satellite IoT Backhaul), Frequency Band (L-Band, Ku-and Ka-Band, S-Band, Others), Organization Size (Large Enterprises, SMEs), End-use Vertical (Maritime, Oil & Gas, Construction, Transportation & Logistics, Energy & Utilities, Agriculture, Healthcare, Military & Defence, Others) and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Information Technology | Pages : 179 Pages | Published On : Jul 2023

The Satellite IoT Market size is estimated to grow from USD 1.2 Billion in 2022 to reach USD 6.2 Billion by 2030, growing at a CAGR of 22.1% during the forecast period from 2023 to 2030.

Major players Satellite IoT Market include: Airbus, Alenspace, Astrocast, Eutelsat, Fleetspace Technologies, Fossa Systems, Globalstar, Head Aerospace, I.M.T. SRL, Inmarsat Global, Intelsat, Iridium Communication, Kepler Communications, Kineis, Myriota and Others.

The Growth of Satellite IoT Market Driven by Rise in Adoption of Satellite IoT Services in Various End-use Industries

The increasing adoption of satellite IoT services in various industries is a key driver for the Satellite IoT market. Industries such as agriculture, healthcare, automotive, energy & utilities, oil & gas, military & defence, and more are embracing satellite IoT services, creating valuable opportunities for market players. The ability of satellite IoT services to establish efficient connectivity, real-time asset monitoring, and tracking is driving their adoption among organizations and businesses. The growing demand for enhanced interaction and communication with the physical environment through smart technology is anticipated to fuel the growth of the satellite IoT market in the forecast period. Additionally, the need for secure logistics in remote operations across diverse industries further contributes to the demand for satellite IoT services. Furthermore, heavy equipment manufacturing companies utilize satellite communication technology to remotely monitor assets and provide real-time information on service and maintenance-related aspects.

Increase in Reliance on IoT-enabled Services by Businesses

Managed services play a crucial role in maintaining customer experiences and securing strong market positions for companies. In the current business environment, organizations face challenges in balancing their focus between core processes and supporting various functions, which increases the importance of managed services. These services provide the necessary technical expertise to effectively maintain and update software within the AIoT ecosystem. Operators increasingly demand integrated facility management, consulting, 24/7 help desk support, finance, and accounting services to meet their evolving needs. The rising adoption of outsourced managed services within the AIoT market is a key driver for this segment's growth.

North America Dominated the Satellite IoT Market during the forecast period.

The Satellite IoT Market in 2022 was dominated by the North American region, boasting the highest market share. The increasing digitalization of businesses and the rising demand for Earth observation satellites were the primary drivers behind the demand for satellite IoT in North America. The United States, with its robust and rapidly expanding space sector, held the largest market share in the region. Additionally, Canada showed significant growth potential, attracting numerous technological entrepreneurs. Both countries made substantial investments in launching a diverse range of satellites, including CubeSats, small satellites, medium-sized spacecraft, and large satellites, catering to applications such as earth observation, telecommunications, and entertainment.

On the other hand, the Asia-Pacific (APAC) region is expected to experience the highest growth rate in the Satellite IoT Market. This growth can be attributed to several factors, including infrastructural development in countries like China, South Korea, Japan, and India. Rapid economic growth, technological advancements, increasing awareness of satellite IoT among small and medium-sized organizations, and government initiatives aimed at promoting advanced satellite IoT solutions also contribute to the region's rapid expansion in the market. Collectively, these factors fuel the growth of the satellite IoT market in the APAC region.

Satellite IoT Market Scope and Market Size

Analysis

Details

Report Forecast Period

2023-2030

Base Year

2022

CAGR Values

22.1%

Projection Values in 2022

USD 1.2 Billion

Projection Values in 2028

USD 6.2 Billion

Segment covered

Service Type, Frequency Band, Organization Size, End-use Vertical and Region

Region

North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

The Satellite IoT Market research report provides an in-depth overview of the industry including market segmentation by Service Type, Frequency Band, Organization Size, End-use Vertical and Region and Region. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as new product launch, collaborations, expansions, investment analysis, mergers and acquisitions.

Satellite IoT Market is segmented by region and further by countries, Service Type, Frequency Band, Organization Size, End-use Vertical and Region. Players, stakeholders, and other participants in the global Satellite IoT Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

Report further studies the market strategies of key players, recent development status, future plans and Satellite IoT Market trends across the world. Also, it splits Satellite IoT Market Segmentation by material, end-user and region to deep dive research and reveals company profile and prospects.

Major Classifications are as follows:

  • By Service Type
      • Direct-to-Satellite
      • Satellite IoT Backhaul
  • By Frequency Band
    • L-Band
    • Ku-and Ka-Band
    • S-Band
    • Others
  • By Organization Size
    • Large Enterprises
    • SMEs
  • By End-use Vertical
    • Maritime
    • Oil & Gas
    • Construction
    • Transportation & Logistics
    • Energy & Utilities
    • Agriculture
    • Healthcare
    • Military & Defense
    • Others
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia Pacific
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • Israel
      • South Africa
      • Rest of Middle East & Africa      

Reason to purchase this Satellite IoT Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Satellite IoT Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different and Satellite IoT Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Satellite IoT Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Satellite IoT Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Satellite IoT Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
  3. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  4. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
  5. Satellite IoT Market, By Service
    1. Introduction
    2. Direct-to-Satellite
    3. Satellite IoT Backhaul
  6. Satellite IoT Market, By Frequency Band
    1. L-Band
    2. Ku-and Ka-Band
    3. S-Band
    4. Others
  7. Satellite IoT Market, By Organization Size 
      1. Large Enterprises
      2. SMEs
  8. Satellite IoT Market, By End-use Vertical 
      1. Maritime
      2. Oil & Gas
      3. Construction
      4. Transportation & Logistics
      5. Energy & Utilities
      6. Agriculture
      7. Healthcare
      8. Military & Defense
      9. Others
  9. Satellite IoT Market, By Geography
    1. North America
      1. U.S.
      2. Canada
    2. Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Rest of the world (RoW)
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  10. Competitive Landscapes
    1. Introduction
    2. Top Companies Ranking
    3. Market Share Analysis
      1. Competition Dashboard
      2. Market Share Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. Airbus
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. Alenspace
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. Astrocast
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
        6. Rewards & Recognition
      4. Eutelsat
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. Fleetspace Technologies
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. Fossa Systems
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. Globalstar
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. Head Aerospace
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. I.M.T. SRL
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. Inmarsat Global
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. Intelsat
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. Iridium Communication
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. Kepler Communications
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      14. Kineis
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      15. Myriota
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

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