Satellite IoT Connectivity Tracker and Forecast

The Global Satellite IoT Connectivity Tracker & Forecast provides a comprehensive view of the satellite IoT connectivity market for the 2019–2024 period, including a forecast through 2030. It details connections and revenue by company across six key regions, two connectivity modes (direct and indirect), three technology types (Proprietary/Legacy, LoRa-NTN, 3GPP-NTN), ten industry verticals, three satellite orbits (LEO, MEO, GEO), and six frequency bands.

The analysis incorporates both macro and micro trends shaping the industry — such as policy- and government investment-driven acceleration of satellite network development in different regions, growing M&A activity among satellite IoT providers, and the convergence of satellite connectivity with terrestrial technologies. This includes integration into IoT modules alongside LoRa, Wi-Fi, Mioty, and cellular IoT.

Research methodology

To ensure the accuracy and relevance of the forecast, IoT Analytics conducted primary research at key industry events, including Embedded World, MWC, Hannover Messe, and SMM Hamburg, engaging directly with operators, equipment vendors, and connectivity providers across the satellite IoT value chain.

Methodological scope: this tracker captures revenues directly attributable to satellite IoT connectivity services and their associated connections. To ensure a focused and comparable view of the core connectivity market, revenues from ancillary offerings, such as professional services and system integration, are explicitly excluded.

Definitions

• Satellite IoT market: the total revenue generated from the sale of satellite IoT connectivity and satellite IoT equipment that enable industry-specific IoT applications via satellite networks
• Satellite IoT connectivity: the revenues generated from providing pure satellite connectivity specifically for data services to IoT equipment, excluding voice services such as calling or push-to-talk (PTT) for non-IoT equipment. Connectivity is delivered through two access methods: (1) direct access to IoT equipment and (2) indirect access via gateways. This segment explicitly excludes revenues generated by satellite network operators from providing indirect access (satellite backhaul) to public cellular networks operated by mobile network operators

Coverage

• Connections and revenue by company across six key regions
• Two connectivity modes: direct and indirect
• Three technology types: Proprietary/Legacy, LoRa-NTN, 3GPP-NTN
• Ten industry verticals
• Three satellite orbits: LEO, MEO, GEO
• Six frequency bands
• Forecast through 2030, with historical coverage of 2019–2024

Report details

• Document type: PDF
• Published: 2025
• Main authors: Kalpesh Baviskar, Satyajit Sinha
• Publisher: IoT Analytics