Market trends cover the IoT market, satellite technology and its place within the IoT market, technology strengths and barriers, and satellite’s viability among cheaper terrestrial network alternatives.
Drivers and restraints for the global satellite IoT market outline the key influencing factors effecting the growth in this market.
The base year active unit market size and forecast spans from 2016 to 2022, projecting the overall size of the market and its expected growth.
Market share analysis for key market participants used to form the base year for the market forecast in the research provides a closer look at the
performance of S- and L-band satellite providers serving the IoT market.
Vertical market analysis for the top 6 key areas of growth for satellite IoT and subsequent forecast breakouts for each of these growth areas include the military, oil and gas, aviation, maritime shipping and logistics, land-based shipping and logistics, and heavy equipment monitoring.
Context, opportunities, and use cases for the 6 key areas of growth are also provided to detail the nature of the growth and satellite’s overall capability and relevance to the market.
This research focuses on satellites’ increasing role in the rapidly expanding IoT market and how the technology can be leveraged to fill in the gaps left by land-line and cellular-based solutions. Due to a satellite’s complete global coverage and reliability, it is uniquely positioned to facilitate IoT growth in difficult/remote applications, which have been previously impossible to connect. Thus, instead of positioning satellite as a competing technology, this research shows the potential for satellite to complement other terrestrial networks or to serve as the sole/primary technology for unique applications.