Press release
Satellite IoT Market to Reach USD 6.81 Billion by 2032, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4124/satellite-iot-market.html
Market Statistics
• Market size (2024): USD 1.60 billion
• Forecast value (2032): USD 6.81 billion
• CAGR (2025-2032): 19.8 %
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Service Type
• Satellite IoT Backhaul
• Direct-To-Satellite
By Frequency Type
• L-BAND
• S-BAND
• KU-BAND
By Organization Type
• Large Enterprises
• Small & Medium-Sized Enterprises
By Vertical Type
• Maritime
• Oil & Gas
• Transportation & Logistics
• Energy & Utilities
• Agriculture
• Healthcare
• Military & Defense
• Others
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In the service type category, the Direct-To-Satellite segment is expected to hold the largest share throughout the forecast period, as this architecture allows IoT devices to communicate directly with satellites without intermediary ground gateways, enabling wide-area sensor networks and reducing dependency on terrestrial infrastructure, ultimately encouraging service providers to focus offerings on direct connectivity solutions that support scalable enterprise deployments.
Across verticals, the agriculture vertical is expected to register a higher CAGR during the forecast period, as precision farming increasingly relies on seamless connectivity for soil, weather, and crop monitoring in remote rural areas, urging satellite IoT providers to develop specialized solutions that enhance farming efficiency and data insights.
Regional Insights
North America is expected to account for the largest share of the satellite IoT market during the forecast period. The region's advanced digital infrastructure, extensive industrial IoT adoption, and investments in satellite communication technologies support market leadership, making it a key target for companies aiming to expand footprint and partnerships in high-value sectors.
Asia-Pacific is projected to be the fastest-growing region over the forecast period. Rapid industrialization, expanding agricultural operations requiring remote connectivity, and increasing deployment of satellite networks in emerging economies are driving strong growth momentum, presenting strategic expansion opportunities for vendors and investors focused on fast-adopting markets.
Market Drivers
• Increasing need for global IoT connectivity in remote and underserved areas
• Growing adoption of low-power, wide-area satellite networks for enterprise applications
• Expansion of direct-to-satellite services simplifying IoT deployment models
• Rising demand for real-time asset tracking and monitoring across sectors
• Advancements in satellite communication technologies enhancing network performance
Top Companies in the Market
• Orbcomm
• Iridium Communications
• Astrocast
• Globalstar
• Inmarsat Global
• Airbus
• Intelsat
• Thales
• Vodafone
• Northrop Grumman
FAQs
1.How large is the satellite IoT market expected to be by 2032?
The satellite IoT market is expected to reach USD 6.81 billion by 2032, growing at a CAGR of 19.8 % from 2025 to 2032.
2.Which service type leads the satellite IoT market?
Direct-To-Satellite leads the service type segment due to its capability to enable devices to communicate directly with satellites, enhancing coverage and deployment efficiency.
3.What frequency band segment is growing fastest?
The L-BAND segment is anticipated to grow fastest because of its reliability and suitability for low-power IoT communications across wide areas.
4.Why is agriculture a high-growth vertical for satellite IoT?
Agriculture shows high growth because satellite IoT provides connectivity for precision farming in rural areas where terrestrial networks are weak or unavailable.
5.Which region offers the most strategic opportunity for satellite IoT expansion?
Asia-Pacific is projected to grow fastest, driven by rapid adoption in industries and expanding satellite network deployments in emerging markets.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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