Satellite IoT Market Report 2026

The satellite iot market size has grown exponentially in recent years. It will grow from $2.35 billion in 2025 to $2.87 billion in 2026 at a compound annual growth rate (CAGR) of 22%. The growth in the historic period can be attributed to growing demand for global asset tracking and monitoring in logistics and transportation, adoption of satellite connectivity for agriculture and environmental monitoring, technological advancements in small satellites, modems, and smart sensors, rising use of satellite IoT for remote and offshore operations, expansion of disaster response and emergency communication services using satellite networks.

The satellite iot market size is expected to see exponential growth in the next few years. It will grow to $6.41 billion in 2030 at a compound annual growth rate (CAGR) of 22.3%. The growth in the forecast period can be attributed to increasing deployment of cubeSats and nano satellites for enhanced IoT coverage, integration of ai and analytics for real-time data processing and decision-making, rising adoption of satellite IoT in maritime and aviation sectors, development of low-power, long-range IoT communication devices, expansion of global connectivity services for industrial and smart city applications. Major trends in the forecast period include expansion of low-power satellite networks (lpwan for iot), growth in maritime and remote asset monitoring solutions, rising adoption of cubesats and small satellite constellations, increased use of iot for environmental and agricultural analytics, integration of satellite iot with emergency response and safety systems.

The growing space industry is expected to drive the expansion of the satellite IoT market in the future. The space industry encompasses economic activities related to the manufacturing of components for outer space, their transportation to space, and the associated services. This sector contributes to the growth of satellite IoT by offering cost-effective, scalable solutions, global connectivity, advanced technology, and meeting the specific needs of IoT applications across various industries. For example, in July 2024, the United Kingdom Space Agency, a UK-based government agency, reported that 175 new UK organizations were identified as engaging in space-related activities, marking an 11% increase from 2022. As a result, the expanding space industry is driving the growth of the satellite IoT market.

Major companies operating in the satellite IoT market are focused on developing innovative products with technologies such as TIGER-5 and TIGER-6 satellites to boost financial performance in the market. These satellites are expanding the frontier of 5G connectivity by including the 5G NTN IoT satellite constellation. For instance, in November 2023, OQ Technology, a Luxembourg-based satellite telecom operator, launched TIGER-5 and TIGER-6 satellites on SpaceX's Falcon 9 during the Transporter-9 rideshare mission. These 6U nanosatellites, featuring NB-IoT cell tower payloads, were deployed into the Low Earth Orbit. The satellites were separated and placed into orbit 75 minutes after launch, with contact established on the same day.

In October 2025, CLS, a France-based satellite services company, acquired Ground Control for an undisclosed sum. Through this acquisition, CLS aims to enhance its global satellite IoT offerings by integrating Ground Control’s rugged communication terminals and cloud-based management platforms, improving environmental monitoring, asset security, and operational efficiency. Ground Control Ltd, based in the UK and the US, provides satellite IoT devices and cloud-based monitoring solutions.

Major companies operating in the satellite iot market are Airbus SE, Northrop Grumman Corporation, Space Exploration Technologies Corp., EchoStar Corporation, Inmarsat Limited, Iridium Communications Inc., Orbcomm, Globalstar Inc., Spire Global Inc., Kepler Communications Inc., Ligado Networks, NanoAvionics Corp., Fleet Space Technologies Pty. Ltd., Skylo Technologies, Actility S.A., Alén Space, Leaf Space, Kineis, Myriota Pty. Ltd., Sateliot, Xona Space Systems Inc., OQ Technology, Hiber AB, Fossa Systems S.L., Sky and Space Global Ltd.

North America was the largest region in the satellite IoT market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite iot market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are increasing equipment procurement costs particularly for satellite terminals, antennas, smart sensors, and communication modules thereby impacting deployment of satellite IoT solutions across industries such as transportation & logistics, oil & gas, and agriculture. Regions highly dependent on imported satellite components, including Asia-Pacific and Latin America, face slower service adoption and network expansion. However, tariffs are also driving investments in local satellite manufacturing and component innovation, supporting long-term supply chain resilience.

The main types of satellite IoT services are direct-to-satellite and satellite IoT backhaul. Direct-to-Satellite service involves communication directly between ground-based IoT devices and satellites. They use various frequency bands, such as the l-band, ku-band, ka-band, s-band, and others. They are used by enterprises irrespective of their size, such as large enterprises and small and medium-sized enterprises, and are also used by various industry verticals, such as oil and gas, transportation and logistics, energy and utilities, agriculture, maritime, healthcare, military, and defense, among others.

Satellite IoT (Internet of Things) refers to using satellite technology to enable communication and data exchange between IoT devices in remote or global locations where terrestrial network coverage is limited or nonexistent. It facilitates global asset tracking, agricultural monitoring, and maritime and logistics operations by providing widespread, reliable connectivity across the Earth's surface, including oceans and rural areas. Satellite IoT supports industries by offering real-time data collection and analysis from any location, enhancing operational efficiency and decision-making.

The main types of satellite IoT services are direct-to-satellite and satellite IoT backhaul. Direct-to-Satellite service involves communication directly between ground-based IoT devices and satellites. They use various frequency bands, such as the l-band, ku-band, ka-band, s-band, and others. They are used by enterprises irrespective of their size, such as large enterprises and small and medium-sized enterprises, and are also used by various industry verticals, such as oil and gas, transportation and logistics, energy and utilities, agriculture, maritime, healthcare, military, and defense, among others.

The countries covered in the satellite iot market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The satellite IoT market consists of revenues earned by entities by providing services such as global connectivity, asset tracking and monitoring, agriculture and environmental monitoring, emergency and disaster response, remote sensing, and geospatial analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The satellite IoT market also includes sales of modems and terminals, transceivers, smart sensors, nano and CubeSats, GPS, and GNSS receivers, which are used in providing services. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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