Sun. Dec 3rd, 2023
The Satellite IoT Communications Market – 3rd Edition

The global satellite IoT communications sector is experiencing steady growth. The worldwide satellite IoT subscriber base exceeded 4.5 million in 2022 and is projected to reach 23.9 million units by 2027, with a compound annual growth rate (CAGR) of 39.6 percent. This growth potential is due to the fact that only 10 percent of the Earth’s surface currently has access to terrestrial connectivity services.

Satellite connectivity is particularly advantageous for applications in remote areas, such as agriculture, asset tracking, maritime and intermodal transportation, oil and gas industry exploration, utilities, construction, and government operations.

The largest satellite IoT network operators today include Iridium, Orbcomm, Inmarsat, and Globalstar. Iridium saw a 20 percent increase in its subscriber base in the last year and currently serves 1.5 million subscribers. Orbcomm has transitioned into an end-to-end solution provider with its own satellite network and partnerships with other operators. Globalstar currently has 0.44 million subscribers.

There are also over two dozen emerging satellite IoT initiatives, including Astrocast, AST SpaceMobile, CASC/CASIC, E-Space, Fleet Space Technologies, Hubble Network, Kepler Communications, Kineis, Ligado Networks, Lynk, Myriota, Omnispace, Skylo, Swarm Technologies (SpaceX), and Totum. These initiatives are based on low-earth orbit nano satellite concepts.

While some of these initiatives rely on proprietary satellite connectivity technologies, others are starting to leverage terrestrial wireless IoT connectivity technologies.

Collaborations between satellite operators and mobile operators to explore hybrid satellite-terrestrial connectivity opportunities are becoming more common. Examples include Telefonica & Sateliot, Deutsche Telekom & Intelsat/Skylo, and Soracom & Astrocast.

The report provides a comprehensive overview of the satellite IoT communications ecosystem, operator strategies, the impact of emerging LEO nano satellite constellations, industry trends, market shares, and forecasts until 2027.

Key topics covered include satellite IoT technologies, market analysis, use cases, business models, regional trends, and company profiles of satellite operators.

For more information about this report, visit the source website.