The Satellite IoT Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Satellite IoT Market?
The satellite IoT market has seen significant expansion in the past few years. Its size increased from $1.93 billion in 2024, and is projected to reach $2.37 billion in 2025, with a compound annual growth rate (CAGR) of 22.4%. The growth observed during this historical period is due to various global connectivity needs and applications.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Satellite IoT Industry?
The Satellite IoT Global Market is projected to reach $5.32 billion in 2029, with a compound annual growth rate (CAGR) of 22.5%.
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What are the Key Growth Drivers Fueling the Satellite IoT Market?
The key drivers in the satellite iot market are:
• Rising proliferation of Low Earth Orbit (LEO)
•based services
• Booming digitalization and increase in cybersecurity attacks
• Growing space industry coupled with rising demand for interconnectivity
• Increased demand for connected devices for real-time monitoring
Global Market Segmentation: Identifying Major Satellite IoT Industry Segments
The satellite iot market covered in this report is segmented –
1) By Service Type: Direct-To-Satellite, Satellite IoT Backhaul
2) By Frequency Band: L-Band, Ku And Ka-Band, S-Band, Other Band Frequency
3) By Enterprise Size: Large Enterprise, Small And Medium-Sized Enterprise
4) By Industry Vertical: Oil And Gas, Transportation And Logistics, Energy And Utilities, Agriculture, Maritime, Healthcare, Military And Defense, Other Industry Verticals
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What are the Emerging Trends Shaping the Future of the Satellite IoT Market?
The key trends in the satellite iot market are:
• The advancement in wireless technology is emerging as a significant trend shaping the future of satellite IoT market.
• The launch of small and Cubits satellites is also gaining momentum and remodelling the market landscape.
• There is a growing emphasis on the development and utilization of eco-friendly satellite technologies.
• The satellite IoT market is also seeing new integrations with 5G networks, driving innovation in optical communication with lasers.
Who Are the Top Competitors & Leading Players in the Satellite IoT Market?
Major companies in the satellite iot market are:
• Airbus SE
• Northrop Grumman Corporation
• Space Exploration Technologies Corp.
• EchoStar Corporation
• Inmarsat Limited
• Iridium Communications Inc.
• Orbcomm
• Globalstar Inc.
• Spire Global Inc.
• Kepler Communications Inc.
• Ligado Networks
• NanoAvionics Corp.
• Fleet Space Technologies Pty. Ltd.
• Skylo Technologies
• Actility S.A.
• Alén Space
• Leaf Space
• Kineis
• Myriota Pty. Ltd.
• Sateliot
• Xona Space Systems Inc.
• OQ Technology
• Hiber AB
• Fossa Systems S.L.
• Sky and Space Global Ltd.
Regional Dominance: Which Area Leads the Global Satellite IoT Market?
North America was the largest region in the satellite IoT market in 2024
