Global Satellite Iot Market Size & Outlook, 2023-2030
The satellite iot industry worldwide is expected to reach a projected revenue of US$ 2,854.5 million by 2030. A compound annual growth rate of 14.4% is expected of the worldwide satellite iot industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,115.6
Forecast, 2030 (US$M)
$2,854.5
CAGR, 2024 - 2030
14.4%
Report Coverage
Worldwide
Global satellite iot market, 2018-2030 (US$M)
Global satellite iot market highlights
- The global satellite iot market generated a revenue of USD 1,115.6 million in 2023 and is expected to reach USD 2,854.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 14.4% by 2030.
- In terms of segment, large enterprises accounted for a revenue of USD 1,115.6 million in 2023.
- Large Enterprises is the most lucrative organization size segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,115.6 million |
| Market revenue in 2030 | USD 2,854.5 million |
| Growth rate | 14.4% (CAGR from 2023 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Large Enterprises |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large Enterprises |
Other key industry trends
- In terms of revenue, the North America accounted for 40.1% of the global satellite iot market in 2023.
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Satellite IoT Market Scope
Satellite iot market segmentation & scope
Service
Direct to Satellite
IoT Satellite Backhaul
End Use
Defense
Energy & Utilities
Agriculture
Environmental
Transport and Logistics
Marine
Others
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
China
India
Japan
South Korea
Thailand
Brazil
Argentina
Kuwait
Saudi Arabia
South Africa
UAE
Satellite IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global satellite iot market size, by regions, 2018-2030 (US$M)
Related regional statistics
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