A satellite is an artificial or man-made object that revolves around Earth. It provides a bird's eye view of large areas of Earth at the same time. It can collect more data at a quicker pace than the instruments on the ground. The global satellite-enabled Internet of Things (IOT) market revolves around satellite-based services, which are or will be utilized by billions of IOT components or devices on the surface of Earth.
Market Analysis and Insights: Global and United States Satellite-enabled IoT Market
This report focuses on global and United States Satellite-enabled IoT market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Satellite-enabled IoT market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Military-based IoT accounting for % of the Satellite-enabled IoT global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Defense and Military was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
The military-based segment will account for the major shares of the satellite-enabled IoT market throughout the forecast period. The increasing need for mobile connectivity in remote areas and isolated terrains increases the demand for satellite-enabled IoT tools such as GPS systems, tracking devices, health and personnel monitoring devices, just-in-time equipment maintenance, and IoT technologies to support tactical reconnaissance and enhance mission reliability and security.
Global Satellite-enabled IoT Scope and Market Size
Satellite-enabled IoT market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Satellite-enabled IoT market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Satellite-enabled IoT market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Military-based IoT
Business-based IoT
Segment by Application
Defense and Military
Civilian
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Eutelsat
Inmarsat
MDA Information Systems
Northrop Grumman
SES
Lockheed Martin
SpaceX
Thales Alenia Space
Thuraya
NanoAvionics
Kepler Communications