Global Satellite Internet of Things (IoT) Market, Forecast to 2022

Dynamic Vertical Markets Such as Oil and Gas and Aviation Spur Adoption for Satellite IoT and Provide New Growth Opportunities for S- and L-band Service Providers
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Published: 5 Dec 2016

While only accounting for 25.5 million units globally in 2015, the satellite IoT market is expected to grow at a faster pace than any other satellite market. With a compound annual growth rate (CAGR) of 19.9%, this market will provide new growth and opportunities for mobile satellite service providers that have struggled with the stagnant development of the satellite phone market. This research provides a base year market size by active units, future growth estimation through 2022, and forecast breakouts for the 6 most significant market verticals within the satellite IoT market. For the purposes of this study, only S- and L-band satellite technologies are covered as they are the primary frequency bands used for pure-IoT applications.

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