Global Satellite Iot Market Size & Outlook, 2024-2030
The satellite iot industry worldwide is expected to reach a projected revenue of US$ 2,835.4 million by 2030. A compound annual growth rate of 14.8% is expected of the worldwide satellite iot industry from 2025 to 2030.
Revenue, 2024 (US$M)
$1,255.8
Forecast, 2030 (US$M)
$2,835.4
CAGR, 2025 - 2030
14.8%
Report Coverage
Worldwide
Global satellite iot market, 2018-2030 (US$M)
Related Markets
Global satellite iot market highlights
- The global satellite iot market generated a revenue of USD 1,255.8 million in 2024 and is expected to reach USD 2,835.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 14.8% by 2030.
- In terms of segment, large enterprises accounted for a revenue of USD 913.4 million in 2024.
- Small & Medium Sized 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 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 1,255.8 million |
| Market revenue in 2030 | USD 2,835.4 million |
| Growth rate | 14.8% (CAGR from 2025 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small & Medium Sized Enterprises |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large Enterprises, Small & Medium Sized Enterprises |
Other key industry trends
- In terms of revenue, the North America accounted for 40.0% of the global satellite iot market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 77.4 million by 2030.
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Satellite IoT Market Scope
Satellite iot market segmentation & scope
Satellite IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global satellite iot market size, by regions, 2018-2030 (US$M)
Top 10 countries: Satellite iot market size, 2024 (US$M)
Global satellite iot market share, by organization size, 2024 & 2030 (%, US$M)
Satellite iot market: Opportunity assessment by country
Global satellite iot market, by region, 2024 (US$M)
Related regional statistics
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