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Satellite IoT Market worth $6.10 billion by 2030, growing at a CAGR of 20.05% - Exclusive Report by 360iResearch
Satellite IoT Market | 360iResearch
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The Satellite Internet of Things (IoT) market involves deploying satellite networks to enable connectivity and communication of IoT devices globally, integrating satellites, ground stations, sensors, and data analytics platforms for seamless data transfer over long distances. Satellite IoT connects remote sensors to collect, transmit, and receive data in regions where traditional networks, including cellular or Wi-Fi, are unreliable or non-existent. It is necessary for providing global connectivity, reliability in communication channels, and cost efficiency by reducing ground infrastructure needs. Applications include asset tracking, environmental monitoring, oil and gas industry monitoring, real-time fleet logistics, and remote healthcare connectivity. Its end use spans agriculture, healthcare, transportation and logistics, energy and utilities, environmental monitoring, and maritime sectors. Key growth influencers include technological advancements in sensor miniaturization, battery life, developments in Low Earth Orbit (LEO) satellites, increasing IoT adoption, substantial private and governmental investments, and regulatory support. Potential opportunities exist in localized satellite networks ensuring dedicated bandwidth, integration with Artificial Intelligence (AI) and Machine Learning (ML) for data analytics, and development of data-driven services for specific verticals like agriculture and healthcare. Challenges include high initial capital investment, latency issues with traditional satellites, diverse international regulatory and spectrum management, and power consumption solutions for remote IoT devices. Innovation areas include hybrid communication networks, energy-efficient IoT devices, and robust cybersecurity frameworks for satellite communications. The Satellite IoT market is dynamic, anticipated to grow substantially due to technological innovations and expanding applications, characterized by high capital requirements, regulatory complexities, and rapid technological advancements. Collaborative approaches, partnerships, and strategic investments are crucial to overcoming challenges and capitalizing on market opportunities.
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Market Segmentation & Coverage:
This research report categorizes the Satellite IoT Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Service Type, market is studied across Direct to Satellite Services and Sat-IoT Backhaul Services.
Based on Frequency Band, market is studied across Ka-band, Ku-band, L-band, and S-band.
Based on End-Use, market is studied across Agriculture, Automotive, Energy & Utilities, Healthcare, Maritime, Military & Defence, and Transportation & Logistics.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Satellite IoT Market, highlighting leading vendors and their innovative profiles. These include Fleet Space Technologies Pty Ltd., Ground Control Systems, Inc., Myriota Pty Ltd., OQ Technology, Astrocast SA, AT&T, Inc., Iridium Satellite LLC, Geespace, Intelsat US LLC, IMT s.r.l., Northrop Grumman Systems Corporation, Alen Space, S.L., Hardwario Ltd., Satelio IoT Services, S.L., FreeWave Technologies, Inc., Eutelsat S.A., Globalstar, Inc., FOSSA Systems S.L, Cowave Communication Technology Co., Ltd., Skylo Technologies, Vodafone Limited, NuSpace Pte. Ltd., AAC Clyde Space, Exolaunch GmbH, Gomspace A/S, Thales Group, Al Yah Satellite Communications Company PJSC, Swarm Technologies Inc., Qualcomm Incorporated, ORBCOMM Inc., D-Orbit, and Airbus SAS.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Satellite IoT Market, by Service Type
7. Satellite IoT Market, by Frequency Band
8. Satellite IoT Market, by End-Use
9. Americas Satellite IoT Market
10. Asia-Pacific Satellite IoT Market
11. Europe, Middle East & Africa Satellite IoT Market
12. Competitive Landscape
13. Competitive Portfolio
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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