Fri. Sep 29th, 2023
Satellite-enabled IoT Market: Overview and Forecast

The global Satellite-enabled IoT market is expected to grow significantly between 2023 and 2030. With the rising adoption of strategies by key players, the market is projected to expand at a steady rate. In 2021, the market size was valued at USD 11,372.92 million, and it is anticipated to reach USD 53,167.87 million by 2027, with a CAGR of 29.31%.

Satellites play a crucial role in the Satellite-enabled IoT market. These man-made objects revolve around the Earth and provide a birds-eye view of large areas, collecting data at a faster pace than ground-based instruments. The Satellite-enabled IoT market revolves around satellite-based services utilized by billions of IoT devices on Earth’s surface.

The report provides a comprehensive analysis of the Satellite-enabled IoT market, including a macro overview of the total market size, industry chain, and market dynamics. It also offers insights into segment markets by type, application, and region. The competitive landscape section introduces key players and their market share, concentration ratio, and other relevant details.

There has been a growing demand for Satellite-enabled IoT applications, particularly in the defense and military sectors and civilian sectors. The military-based IoT and business-based IoT are the two primary types of Satellite-enabled IoT.

The leading regions in the Satellite-enabled IoT market include:

– North America (United States, Canada, and Mexico)
– Europe (Germany, UK, France, Italy, Russia, and Turkey)
– Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
– South America (Brazil, Argentina, Columbia)
– Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

The report also addresses global trends, projected demand for different types of products, industry applications and trends, market projections, strategic developments, factors contributing to the pricing, and raw materials used for manufacturing Satellite-enabled IoT devices.

Overall, this report is essential for industry players, investors, researchers, consultants, and business strategists who are interested in the Satellite-enabled IoT market and its potential for growth. It provides valuable insights and guidance for market entry strategies, economic impact countermeasures, and marketing channels. The report also considers the impact of the COVID-19 pandemic and offers an analysis of its effects on the market.