The global satellite IoT market size was estimated at USD 1.48 billion in 2024 and is projected to reach USD 7.23 billion by 2033, growing at a CAGR of 19.5% from 2025 to 2033. The market growth is primarily driven by the increasing demand for remote monitoring and asset tracking across different industries.
The growing adoption of low-power, wide-area satellite networks to enable connectivity in remote and underserved regions is expected to drive the market growth. The market growth is primarily driven by the increasing reliance on IoT devices to monitor, control, and optimize operations. Satellite IoT provides connectivity in remote and underserved areas where terrestrial networks are unavailable or unreliable. This capability enables seamless data transmission and device management, ensuring continuous operation and improving efficiency, thereby driving the market growth.
The rising demand for reliable, always-on connectivity in remote and harsh environments is significantly fueling the market growth. Industries such as mining, oil & gas, and offshore energy increasingly rely on satellite-enabled IoT devices to monitor equipment performance, track asset locations, and ensure worker safety in areas where terrestrial networks are unavailable. This capability allows real-time data transmission from distant sites, enabling faster decision-making, reducing downtime, and improving operational efficiency, thereby accelerating market adoption.
In addition, the rapid expansion of global supply chains and cross-border trade is becoming a major growth driver for the market. Logistics and transportation companies are adopting satellite IoT solutions to track shipments across oceans, deserts, and rural highways, ensuring end-to-end visibility and reducing the risk of cargo loss or delays. Advanced sensors integrated with satellite IoT networks enable continuous monitoring of cargo conditions critical for sensitive goods like pharmaceuticals and perishable foods. This level of real-time oversight enhances operational transparency and compliance with global trade regulations, further boosting the satellite IoT industry growth.
Furthermore, the increasing focus on environmental monitoring and climate change mitigation is creating robust demand for the satellite IoT industry. Governments, research institutions, and environmental agencies deploy these solutions to collect data on deforestation, water quality, air pollution, and wildlife migration patterns. Integration of AI-driven analytics with satellite IoT platforms enables predictive modeling and early detection of environmental threats, facilitating timely interventions.
Moreover, rising investments in smart agriculture and precision farming are enhancing the adoption of satellite IoT solutions. Farmers and agribusinesses use satellite-connected sensors and machinery to monitor soil moisture, crop health, and weather conditions in real time, optimizing irrigation schedules and fertilizer usage. This data-driven approach increases yield, reduces resource wastage, and minimizes environmental impact. Integration with cloud-based platforms allows farmers to access insights from anywhere, enabling efficient farm management even in rural regions with no cellular coverage. These technological and infrastructural advancements in agriculture are ensuring long-term cost efficiency and sustainability, further propelling the growth of the satellite IoT industry.
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The growing adoption of low-power, wide-area satellite networks to enable connectivity in remote and underserved regions is expected to drive the market growth. The market growth is primarily driven by the increasing reliance on IoT devices to monitor, control, and optimize operations. Satellite IoT provides connectivity in remote and underserved areas where terrestrial networks are unavailable or unreliable. This capability enables seamless data transmission and device management, ensuring continuous operation and improving efficiency, thereby driving the market growth.
The rising demand for reliable, always-on connectivity in remote and harsh environments is significantly fueling the market growth. Industries such as mining, oil & gas, and offshore energy increasingly rely on satellite-enabled IoT devices to monitor equipment performance, track asset locations, and ensure worker safety in areas where terrestrial networks are unavailable. This capability allows real-time data transmission from distant sites, enabling faster decision-making, reducing downtime, and improving operational efficiency, thereby accelerating market adoption.
In addition, the rapid expansion of global supply chains and cross-border trade is becoming a major growth driver for the market. Logistics and transportation companies are adopting satellite IoT solutions to track shipments across oceans, deserts, and rural highways, ensuring end-to-end visibility and reducing the risk of cargo loss or delays. Advanced sensors integrated with satellite IoT networks enable continuous monitoring of cargo conditions critical for sensitive goods like pharmaceuticals and perishable foods. This level of real-time oversight enhances operational transparency and compliance with global trade regulations, further boosting the satellite IoT industry growth.
Furthermore, the increasing focus on environmental monitoring and climate change mitigation is creating robust demand for the satellite IoT industry. Governments, research institutions, and environmental agencies deploy these solutions to collect data on deforestation, water quality, air pollution, and wildlife migration patterns. Integration of AI-driven analytics with satellite IoT platforms enables predictive modeling and early detection of environmental threats, facilitating timely interventions.
Moreover, rising investments in smart agriculture and precision farming are enhancing the adoption of satellite IoT solutions. Farmers and agribusinesses use satellite-connected sensors and machinery to monitor soil moisture, crop health, and weather conditions in real time, optimizing irrigation schedules and fertilizer usage. This data-driven approach increases yield, reduces resource wastage, and minimizes environmental impact. Integration with cloud-based platforms allows farmers to access insights from anywhere, enabling efficient farm management even in rural regions with no cellular coverage. These technological and infrastructural advancements in agriculture are ensuring long-term cost efficiency and sustainability, further propelling the growth of the satellite IoT industry.
Global Satellite IoT Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest technological trends in each of the sub-segments from 2021 to 2033. The analyst has segmented the global satellite IoTmarket report based on service, organization size, end use, and region:Service Outlook (Revenue, USD Million, 2021-2033)
- Direct to Satellite
- IoT Satellite Backhaul
Organization Size Outlook (Revenue, USD Million, 2021-2033)
- Large Enterprises
- Small & Medium Sized Enterprises
End Use Outlook (Revenue, USD Million, 2021-2033)
- Transport and Logistics
- Energy & Utilities
- Agriculture
- Environmental
- Defense
- Marine
- Others
Regional Outlook (Revenue, USD Million, 2021-2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the industry across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segmental and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Satellite IoT Market Variables, Trends, & Scope
Chapter 4. Satellite IoT Market: Service Estimates & Trend Analysis
Chapter 5. Satellite IoT Market: Organization Size Estimates & Trend Analysis
Chapter 6. Satellite IoT Market: End Use Estimates & Trend Analysis
Chapter 7. Satellite IoT Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this Satellite IoT market report include:- ORBCOMM Inc.
- Globalstar, Inc.
- Inmarsat Group
- Iridium Satellite LLC
- Thales S.A.
- Airbus SE
- EUTELSAT COMMUNICATIONS SA
- Northrop Grumman Corporation
- Swarm Technologies Inc.
- Kepler Communications Inc.
- Myriota Pty Ltd.
- OQ Technology
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | August 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 1.48 Billion |
| Forecasted Market Value ( USD | $ 7.23 Billion |
| Compound Annual Growth Rate | 19.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
