This study investigates the satellite IoT connectivity market. The research covers a total of 38 satellite IoT operators including both the incumbent operators and all the new LEO smallsat constellations. The global satellite IoT communications market is growing at a good steady pace. Despite the impact of the COVID-19 pandemic, the global satellite IoT subscriber base grew to surpass 3.4 million in 2020. The number of satellite IoT subscribers will increase at a compound annual growth rate (CAGR) of 35.8 percent to reach 15.7 million units in 2025. Get up to date with the latest information and trends about the satellite IoT business opportunity.
Highlights from the report:
- 360-degree overview of the satellite IoT communications ecosystem.
- Reviews of the strategies of 38 satellite IoT operators.
- Perspectives on the impact of the new LEO nanosatellite constellations.
- Summary of the latest industry trends and developments.
- Reviews of operator market shares and competitive dynamics.
- Extensive global and regional market forecasts lasting until 2025.
This report answers the following questions:
- Which IoT applications are most relevant for satellite connectivity?
- What are the latest developments in the satellite IoT communications market?
- How will the emerging LEO nanosatellite constellations affect the market?
- What are the market shares for the leading satellite IoT operators?
- What are the regional developments in North America, Europe, China and ROW?
- How is the competitive landscape of satellite IoT operators evolving?
- How will the global satellite IoT market evolve over the next five years?
Only about 10 percent of the Earth’s surface has access to terrestrial connectivity services which leaves a massive opportunity for satellite IoT communications. Satellite connectivity provides a complement to terrestrial cellular and non-cellular networks in remote locations, especially useful for applications in agriculture, asset tracking, maritime and intermodal transportation, oil and gas industry exploration, utilities, construction and governments. Both incumbent satellite operators and more than two dozen new initiatives are now betting on the IoT connectivity market. This new study covers a total of 38 satellite IoT operators.
“Orbcomm, Inmarsat, Iridium and Globalstar are the largest satellite IoT network operators today”, says Johan Fagerberg, Principal Analyst at Berg Insight. Originally a dedicated satellite operator, Orbcomm has transitioned into an end-to-end solution provider, delivering services on its own satellite network as well as being a reseller partner of Inmarsat and others. At the end of 2020, the company had 1.2 million satellite IoT subscribers on its own and Inmarsat’s networks. At the same time Iridium and Globalstar had 1.1 million and 0.4 million subscribers respectively. Other players with connections in the tens of thousands include for instance Kineis in France and Thuraya in the UAE. In addition to the incumbent satellite operators a number of new initiatives have appeared on the market recently. Examples of some high-profile projects are Astrocast, CASC/CASIC, Fleet Space Technologies, Hiber, Ingenu, Kepler Communications, Lynk, Myriota, Skylo, Swarm Technologies (SpaceX) and Totum Labs. Many of these are based on low-earth orbit nano satellite concepts. “While most rely on proprietary satellite connectivity technologies to support IoT devices, several are starting to leverage terrestrial wireless IoT connectivity technologies including OQ Technology, AST SpaceMobile, Omnispace, Sateliot and Galaxy Space (3GPP 4G/5G); EchoStar Mobile and Lacuna Space (LoRaWAN); and Eutelsat (Sigfox)”, concludes Mr Fagerberg.
Who should buy this report?
The Satellite IoT Communications Market is the foremost source of information about the emerging satellite IoT connectivity market. Whether you are a device vendor, service provider, satellite operator, investor, consultant, or government agency, you will gain valuable insights from our in-depth research.
1 Satellite networks for the Internet of Things
1.1 Introduction to satellite IoT technologies
1.1.1 Traditional GEO constellations
1.1.2 The new age of large LEO constellations
1.2 Satellite IoT constellations
1.2.1 Satellite orbit types
1.2.2 Space junk challenges
1.2.3 Frequency bands
1.2.5 Coverage and capacity
1.3 Investments and M&As in the satellite IoT industry
1.4 Use cases for satellite IoT
1.5 Business models and project strategies
2 Market forecasts and trends
2.1 Market analysis
2.1.1 The incumbent satellite IoT operators
2.1.2 The new space race boosted by numerous new LEO constellations
2.1.3 Satellite IoT subscriber forecasts
2.1.4 Satellite operator market shares
2.2 Regional trends
2.2.2 North America
2.2.4 Rest of World
2.3 Future industry trends
3 Company profiles and strategies
3.1 European satellite operators
3.1.2 EchoStar Mobile
3.1.7 Lacuna Space
3.1.9 OQ Technology
3.2 North American satellite operators
3.2.2 AST SpaceMobile
3.2.3 eSAT Global
3.2.7 Kepler Communications
3.2.12 Starlink (SpaceX)
3.2.13 Swarm Technologies
3.2.15 Totum Labs
3.3 Chinese satellite operators
3.3.1 CASC and CASIC
3.3.3 Galaxy Space
3.3.5 Guodian Tech
3.3.6 Head Aerospace
3.4 Rest of World satellite operators
3.4.1 Fleet Space Technologies
3.4.5 Sky and Space Company
List of Figures
Figure 1.1: The main satellite orbits
Figure 1.2: Orbiting objects
Figure 1.3: Satellite frequency bands
Figure 1.4: Latency for satellite networks
Figure 1.5: Latest funding rounds for satellite IoT operators (2019–2021)
Figure 1.6: M&As in the satellite IoT connectivity industry (2019–2021)
Figure 2.1: Satellite IoT subscriber forecast, by region (World 2019–2025)
Figure 2.2: Satellite IoT subscriber forecast, by vertical (World 2019–2025)
Figure 2.3: Satellite IoT connectivity revenue forecast (World 2019–2025)
Figure 2.4: Satellite network operators by IoT subscriber base (Q4-2020)..
Figure 3.1: Satellite operators in Europe
Figure 3.2: Satellite operators in North America
Figure 3.3: The AFNIO constellation by Ingenu
Figure 3.4: Doppler Multichannel Spread Spectrum (DMSS) by Totum Labs
Figure 3.5: Satellite operators in China
Figure 3.6: Satellite operators in Rest of World
A selection of companies mentioned in this report includes:
- AST SpaceMobile
- CASC and CASIC
- EchoStar Mobile
- eSAT Global
- Fleet Space Technologies
- Galaxy Space
- Guodian Tech
- Head Aerospace
- Kepler Communications
- Lacuna Space
- OQ Technology
- Sky and Space Company
- Starlink (SpaceX)
- Swarm Technologies
- Totum Labs
The Internet of Things is very diverse. There are hundreds of different use cases, each with different dynamics. The starting point is to segment the market.
The analyst begins with a number of sectors: Automotive, Cities, Health, Industry, Home, Industrial, Energy, Retail and Consumer Electronics. Each of these sectors breaks down into a number of applications. In total across all sectors, the analyst examines around 150 separate applications. It is at this application level that they generate their IoT forecast. The analyst builds reliable data bottom-up. They take into consideration the current adoption rate, regulations, demographics, vertical-specific statistics, value chain structure, etc.
The rigorous data collection methods are based on first-hand and secondary sources. The analyst conducts many hundreds of executive interviews on a yearly basis with companies from all parts of the IoT value chain. They talk to on a regular basis all major mobile operator groups and regulators as well as the chipset, module, and terminal vendors. They also interview many companies in each of the vertical markets.