Latin America Satellite Iot Market Size & Outlook
The satellite iot market in Latin America is expected to reach a projected revenue of US$ 122.2 million by 2030. A compound annual growth rate of 16.2% is expected of Latin America satellite iot market from 2025 to 2030.
Revenue, 2024 (US$M)
$50.2
Forecast, 2030 (US$M)
$122.2
CAGR, 2025 - 2030
16.2%
Report Coverage
Latin America
Latin America satellite iot market, 2018-2030 (US$M)
Related Markets
Latin America satellite iot market highlights
- The Latin America satellite iot market generated a revenue of USD 50.2 million in 2024.
- The market is expected to grow at a CAGR of 16.2% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 50.2 million |
| Market revenue in 2030 | USD 122.2 million |
| Growth rate | 16.2% (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 |
| 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, Latin America region accounted for 4.0% of the global satellite iot market in 2024.
- 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
Satellite IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America satellite iot market size, by country, 2018-2030 (US$M)
Latin America Satellite IoT Market Outlook Share, 2024 & 2030 (US$M)
Related regional statistics
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