Satellite IoT Market Overviews

Maximize Market Research is an Satellite IoT# research firm that has published a detailed analysis of the “Satellite IoT Market”. MMR in-depth market assessments in research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, focuses on the analysis of high-tech systems and advanced production systems. The Satellite IoT market report includes key business insights, demand analysis, pricing analysis, and competitive landscape.

Satellite IoT Market Scope and Methodology:

Valued at USD 1.88 billion in 2023, the global satellite IoT market is projected to grow at a compound annual growth rate of 22.7% to reach USD 7.95 billion by 2030.
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Satellite IoT Market Regional Insights

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the majority of the Satellite IoT market segments. The study includes a detailed analysis of the market size, growth rate, import and export by region, and other factors. The Satellite IoT market status of the various countries featured in the research is provided by the Regional Analysis.

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Satellite IoT Market Segmentation

by Service Type

Satellite IoT backhaul
Direct-to-Satellite
by Frequency Band

L-band
Ku and Ka-band
S-band
other

The satellite IoT market share in 2023 was mostly dominated by the ku and ka band sectors, based on frequency band. The frequency range for the ku band is 12 GHz to 18 GHz, while the ka band is 26.5 GHz to 40 GHz. More bandwidth frequency results in a faster rate of data transport. The Ku-band is utilized for satellite communications, particularly downlink, and offers short-range and high-resolution imaging power. The main application of satellite communication's Ku-band frequency spectrum is for maritime VSAT services. Because of its high availability and wider capacity, this band offers a more cost-effective and adaptable way to achieve a high throughput on smaller reflector dishes. "Eutelsat IoT FIRST," a satellite-based IoT connection service running in Ku-band, was introduced by Eutelsat Communications Paris.
by Application

Marine telematics
Smart agriculture
Remote oil rigs
Mining
Energy and Utilities
Construction
Military and defense
Transportation
by Organization Size

Small-size Enterprises
Medium-sizedEnterprises
Large Enterpriser

The satellite IoT market is divided into three segments based on the size of the enterprise: small, medium, and large. With the biggest market share in 2023, the large enterprise category is anticipated to expand at a notable compound annual growth rate (CAGR) over the forecast period. It is anticipated that the growing use of satellite IoT in large-scale enterprises would present excellent prospects for market expansion. These satellites are highly valuable for complex and high-precision space operations. With the use of an internet-based navigation system and sensors, it can navigate remotely with ease. IoT electronics are anticipated to increase as a segment during the projection period thanks to ongoing innovation and cutting-edge tactics. Nonetheless, it is anticipated that the small- and medium-sized business sector would maintain its standing in the global market throughout the

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Satellite IoT Market Key Players

North America
1. Iridium Communication (US)
2. Global star (US)
3. Intelsat Corporation (USA)
4. Orbcomm (USA)
5. Viasat (US)
6. EchoStar Corporation (US)
7. Hughes Network Systems (US)
8. Space Exploration Technologies Corp. (SpaceX) (US)
9. Kepler Communications (Canada)
10. Helios Wire (Canada)
11. Intelsat (US)
Europe
12. Inmarsat Global Limited (UK)
13. Astrocast (Switzerland)
14. Airbus S.A.S (Netherlands)
15. Inmarsat (UK)
16. SES S.A. (Luxembourg)
17. Eutelsat (France)
18. Hispasat (Spain)
19. Kongsberg Satellite Services (KSAT) (Norway)
20. Astrocast (Switzerland)
21. Hiber (Netherlands)
Asia Pacific
22. Myriota (Australia)
23. Fleet Space Technologies (Australia)
24. other
Middle East Africa
25. Thuraya (UAE)
26. iDirect (Dubai)
27. YahClick (Abu Dhabi, United Arab Emirates)

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Key questions answered in the Satellite IoT Market are:

• What is Satellite IoT?
• What was the Satellite IoT market size in 2023?
• What is the growth rate of the Satellite IoT Market?
• Which are the factors expected to drive the Satellite IoT market growth?
• What are the different segments of the Satellite IoT Market?
• What growth strategies are the players considering to increase their presence in Satellite IoT?
• What are the upcoming industry applications and trends for the Satellite IoT Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Satellite IoT Market?
• Who are the leading companies and what are their portfolios in Satellite IoT Market?
• What segments are covered in the Satellite IoT Market?
• Who are the key players in the Satellite IoT market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size Forecast by Different Segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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