Satellite IoT Market worth $5.73 billion by 2030, growing at a CAGR of 20.30% - Exclusive Report by 360iResearch

The "Satellite IoT Market by Service Type (Direct to Satellite Services, Sat-IoT Backhaul Services), Frequency Band (Ka-band, Ku-band, L-band), End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Satellite IoT Market to grow from USD 1.57 billion in 2023 to USD 5.73 billion by 2030, at a CAGR of 20.30%.

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The utilization of satellite IoT is significantly growing across various regions, including agriculture, automotive, energy & utilities, and the healthcare sector, which offers high-speed, low-latency connections over vast distances. These satellites IoT assist businesses in monitoring and tracking assets, personnel, and other important data and allow businesses to take informed and analytical decisions based on up-to-date information. Furthermore, satellite IoT is widely used in vehicles to provide information such as location, vehicle speed, time, duration, and direction to ensure the passenger's safety. The usage of robotics is significantly growing in the military and defense sector, which assists soldiers in search and rescue missions, and has further increased the need for IoT satellites to access data from remote locations and improve operational efficiency. Moreover, robotics are widely used in industrial manufacturing processes to perform various tasks, including welding, assembly, shipping, handling raw materials, and product packing, which further reduces production time. However, the huge investment cost of robotics and limited bandwidth capabilities to support satellite-based communications are limiting the growth of the market. Furthermore, the incorporation of modern technologies, including machine learning algorithms and artificial intelligence in robotics, to perform complex tasks is creating opportunities for the IoT satellite market.

The heavy investment in military and communication networks and the adoption of satellite IoT across the Americas and Europe regions are contributing to the growth of the market. Furthermore, development in healthcare infrastructure and increasing medical tourism across the Asia-Pacific region, including India, Thailand, Singapore, Malaysia, and South Korea, are expanding the need for satellite IoT which assists in diagnosing diseases and allowing patients to receive efficient treatment, are propelling the growth of the market. Furthermore, increasing automotive production in various countries such as Japan, China, South Korea, France, and Germany, along with a surge in the number of sales of passenger cars, is expected to create opportunities for the satellite IoT market. Moreover, rising government expenditure on the advancement of the defense & military sector in many nations, such as the emerging economies of the Asia-Pacific region, further expanded the need for satellite IoT, subsequently expanding the market scope. Additionally, various government investments in the aerospace sector, such as the U.S., Canada, Germany, China, and India, further accelerated deployment of innovative technologies are expected to grow the global satellite IoT market.

Market Segmentation & Coverage:

This research report categorizes the Satellite IoT Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Service Type, market is studied across Direct to Satellite Services and Sat-IoT Backhaul Services. The Direct to Satellite Services is projected to witness significant market share during forecast period.

Based on Frequency Band, market is studied across Ka-band, Ku-band, L-band, and S-band. The L-band is projected to witness significant market share during forecast period.

Based on End-Use, market is studied across Agriculture, Automotive, Energy & Utilities, Healthcare, Maritime, Military & Defence, and Transportation & Logistics. The Energy & Utilities is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Satellite IoT Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Satellite IoT Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Satellite IoT Market, highlighting leading vendors and their innovative profiles. These include AAC Clyde Space, Airbus SAS, Alen Space, S.L., Astrocast SA, AT&T, Inc., Cowave Communication Technology Co., Ltd., D-Orbit, Eutelsat S.A., Exolaunch GmbH, Fleet Space Technologies Pty Ltd., FOSSA Systems S.L, FreeWave Technologies, Inc., Geespace, Globalstar, Inc., Gomspace A/S, Ground Control Systems, Inc., Hardwario Ltd., Head Aerospace Group, IMT s.r.l., Inmarsat Global Limited, Intelsat US LLC, Iridium Satellite LLC, Myriota Pty Ltd., Northrop Grumman Systems Corporation, NuSpace Pte. Ltd., OQ Technology, ORBCOMM Inc., Qualcomm Technologies, Inc., Satelio IoT Services, S.L., Skylo Technologies, Swarm Technologies Inc., Thales Group, Thuraya Telecommunications Company by Yahsat, and Vodafone Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Satellite IoT Market, by Service Type
7. Satellite IoT Market, by Frequency Band
8. Satellite IoT Market, by End-Use
9. Americas Satellite IoT Market
10. Asia-Pacific Satellite IoT Market
11. Europe, Middle East & Africa Satellite IoT Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Satellite IoT Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Satellite IoT Market?
3. What is the competitive strategic window for opportunities in the Satellite IoT Market?
4. What are the technology trends and regulatory frameworks in the Satellite IoT Market?
5. What is the market share of the leading vendors in the Satellite IoT Market?
6. What modes and strategic moves are considered suitable for entering the Satellite IoT Market?

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