Latin America Satellite Iot Market Size & Outlook
The satellite iot market in Latin America is expected to reach a projected revenue of US$ 93.6 million by 2030. A compound annual growth rate of 13.2% is expected of Latin America satellite iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$39.2
Forecast, 2030 (US$M)
$93.6
CAGR, 2024 - 2030
13.2%
Report Coverage
Latin America
Latin America satellite iot market, 2018-2030 (US$M)
Latin America satellite iot market highlights
- The Latin America satellite iot market generated a revenue of USD 39.2 million in 2023.
- The market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, large enterprises was the largest revenue generating organization size in 2023.
- Large Enterprises is the most lucrative organization size segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 39.2 million |
| Market revenue in 2030 | USD 93.6 million |
| Growth rate | 13.2% (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, Latin America region accounted for 3.5% of the global satellite iot market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 773.6 million by 2030.
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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 |
|---|
Latin America satellite iot market
Related regional statistics
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