Satellite Iot Market Size To Reach USD 3.94 Billion In 2032

(MENAFN- Market Press Release) August 12, 2025 2:27 am - The Satellite IoT Market was USD 1.26 Billion in 2024 and is expected to register a revenue CAGR of 15.5% during the forecast period. Request a free copy of this report:

12th August 2025 – Rising geopolitical tensions are leading to substantial growth prospects in the satellite IoT market. Border conflicts between the United States and Mexico, Ukraine and Russia, India and Pakistan, as well as issues in the East China Sea, are presenting considerable opportunities. For example, in January 2023, the US Border police alleged that people traffickers were deploying miniature drones to monitor police movements. In addition, Japan's Ministry of Defense reported spotting 30 Chinese drones near its southwestern islands while conducting military exercises in the East China Sea.

Globally, space organizations such as ESA and NASA are making considerable investments in next-generation satellite infrastructure. For example, on May 20, 2024, the European Space Agency (ESA) granted a contract to France-based Syntony GNSS to create enhanced receivers for GPS and Galileo signals. Furthermore, telecom providers throughout the world are building up 5G infrastructure in preparation for the 6G deployment. As a result, the need for a durable, coordinated, and globally accessible connection is increasing substantially.

It takes advantage of low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary (GEO) satellite constellations. Satellite IoT enables real-time communication between linked devices and central systems. Furthermore, the World Bank predicts that increasing internet access to 75% in developing countries may enhance their overall GDP by USD 2 trillion.

However, Complex restrictions and spectrum interference are restricting revenue development in the satellite IoT sector. Satellite IoT runs in a variety of bands, including L-band (1-2 GHz), S-band (2-4 GHz), C-band (4-8 GHz), X-band (8-12 GHz), Ka-band (26-40 GHz), and more. In addition, national spectrum authorities such as the Federal Communications Commission (FCC) of the United States, the Office of Communications of the United Kingdom, and the Federal Network Agency of Germany provide licenses for satellite operations inside their respective countries.

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Segment market overview and growth Insights:
The Asset Tracking & Monitoring segment contributed a significant revenue share in 2024. Key competitors are adopting solar-powered satellite IoT tracking systems, which will increase revenue in 2024. For example, on October 23, 2024, ORBCOMM launched SC 1000, a new satellite IoT tracking device and the first terminal created particularly for its sophisticated OGx satellite service. The growing need to reduce risks such as theft, equipment abuse, and supply chain interruptions has prompted companies to invest in more resilient satellite monitoring systems.

Direct-to-Satellite (D2S) IoT Connectivity is expected to register the fastest revenue growth by 2032. The fast growth of satellite constellations by operators like as SpaceX, Sateliot, and AST SpaceMobile is making D2S connection more affordable and scalable. Additionally, advances in chipset downsizing and power efficiency enable common IoT devices to connect directly to satellites without requiring significant hardware modifications. Agriculture, logistics, defense, and environmental monitoring are among the industries that are rapidly using Direct-to-Satellite (D2S) technologies to ensure continuous connectivity and real-time data transfer.

Regional market overview and growth insights:
Europe contributed a substantial revenue share in 2024. Rising investments and technological advances in LEO-based 5G NB-IoT networks are accelerating satellite IoT deployment and commercial acceptance within the European Union (EU). On March 28, 2025, Barcelona, Spain-based Sateliot announced the successful completion of its Series B fundraising round at about USD 76.30 million. Moreover, the establishment of a single framework across Europe for non-cellular satellite IoT in the 862-870 MHz band is opening up new commercial prospects. For example, on July 30, 2025, Europe established a standardized regulatory framework for satellite IoT communications in the 862-870 MHz frequency range.

North America registered the highest market share in the Satellite IoT Market. Rapid demand for Satellite IoT in environmental monitoring is generating new business prospects in the United States. Government agencies and academic institutes are making major investments in satellite-based IoT technology to acquire real-time visibility into important environmental factors.
For example, on May 25, 2023, the United States Department of Agriculture (USDA) will allocate USD 8 million to support four strategic collaborations targeted at improving soil carbon measurement and monitoring on active agricultural fields.

Competitive Landscape and Key Competitors:
The Satellite IoT Market is characterized by numerous players, with major players competing across segments and regions. The list of major players included in the Satellite IoT Market report is:
.Inmarsat Global Limited
.Orbcomm Inc
.Astrocast SA
.Viasat, Inc.
.Eutelsat Communications SA
.Myriota Pty Ltd
.Kinéis Inc
.FOSSA Systems S.L.A
.Apogeo Space Srl.
.Soracom, Inc.
.SES S.A.
.Lacuna Space Ltd.
.Compal Electronics
.OQ Technology
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Major strategic developments by leading competitors
Compal Electronics: On 7th March 2025, Compal Electronics is working with APAL to showcase its latest breakthroughs in Non-Terrestrial Network (NTN) IoT technology at Satellite 2025. This new product will incorporate the APAL Hestia NTN IoT Dongle, demonstrating its cutting-edge applications in several types of industries.

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Navistrat Analytics has segmented the Satellite IoT Market on the basis of connectivity services, frequency, orbit type, application, end-use and region:

Connectivity Services Outlook (Revenue, USD Billion; 2022-2032)
.Satellite-Based M2M Connectivity
.Direct-to-Satellite (D2S) IoT Connectivity
.Hybrid Satellite-Terrestrial Connectivity
.Global Asset Tracking Connectivity
.Others

Frequency Outlook (Revenue, USD Billion; 2022-2032)
.L-band
.S-band
.X-band
.Ku-band
.Ka-band
.UHF/VHF

Orbit Type Outlook (Revenue, USD Billion; 2022-2032)
.Low Earth Orbit (LEO)
.Medium Earth Orbit (MEO)
.Geostationary Earth Orbit (GEO)

Application Outlook (Revenue, USD Billion; 2022-2032)
.Asset Tracking & Monitoring
.Environmental Monitoring
.Disaster Management
.Infrastructure Monitoring
.Others

End-use Outlook (Revenue, USD Billion; 2022-2032)
.Defense & Aerospace
.Maritime
.Energy & Utilities
.Oil & Gas
.Transportation & Logistics
.Government & Public Sector
.Agriculture
.Others

Regional Outlook (Revenue, USD Billion; 2022-2032)
.North America
.Europe
.Asia Pacific
.Latin America
.Middle East & Africa

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