Canada Satellite Iot Market Size & Outlook, 2024-2030
The satellite iot market in Canada is expected to reach a projected revenue of US$ 42.6 million by 2030. A compound annual growth rate of 15% is expected of Canada satellite iot market from 2025 to 2030.
Revenue, 2024 (US$M)
$18.6
Forecast, 2030 (US$M)
$42.6
CAGR, 2025 - 2030
15%
Report Coverage
Canada
Canada satellite iot market, 2018-2030 (US$M)
Related Markets
Canada satellite iot market highlights
- The Canada satellite iot market generated a revenue of USD 18.6 million in 2024 and is expected to reach USD 42.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 15% from 2025 to 2030.
- In terms of segment, large enterprises was the largest revenue generating organization size in 2024.
- Small & Medium Sized Enterprises is the most lucrative organization size segment registering the fastest growth during the forecast period.
Satellite iot market data book summary
| Market revenue in 2024 | USD 18.6 million |
| Market revenue in 2030 | USD 42.6 million |
| Growth rate | 15% (CAGR from 2025 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small & Medium Sized Enterprises |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large Enterprises, Small & Medium Sized Enterprises |
| Key market players worldwide | ORBCOMM, Globalstar, Northrop Grumman Corporation, Swarm Technology, Inmarsat, Kepler Communications, Myriota, Thales Group, Airbus SE |
Other key industry trends
- In terms of revenue, Canada accounted for 1.5% of the global satellite iot market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. satellite iot market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 42.6 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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Canada satellite iot market size, by organization size, 2018-2030 (US$M)
Canada Satellite IoT Market Outlook Share, 2024 & 2030 (US$M)
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