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MarketsandMarkets forecasts the global Satellite IoT Market size is expected to grow USD 1.1 billion in 2022 to USD 2.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 21.9% during the forecast period. Due to the increase in the need for trusted and cost-effective communication services, the satellite IoT service is growing at a huge rate.

Top Satellite IoT Companies include

• Orbcomm (US)
• Astrocast (Switzerland)
• Inmarsat Global (UK)
• Airbus (Netherlands)
• Thales (France) and many more....

These Satellite IoT Companies have adopted various growth strategies, such as partnerships, business expansions, mergers and acquisitions, agreements, and collaborations, new product launches to expand their presence in the satellite IoT market. Partnerships and new product launches have been the most adopted strategies by major players from 2018 to 2022, which helped them innovate their offerings and broaden their customer base.

To know about the assumptions considered for the study download the pdf brochure

Orbcomm (US) a global leader and innovator in the industrial Internet of Things, provides solutions that connect businesses to their assets to deliver increased visibility and operational efficiency. It was acquired by GI Partners in September 2021. It offers a broad set of asset monitoring and control solutions, including seamless satellite and cellular connectivity, unique hardware, and powerful applications, all backed by end-to-end customer support, from installation to deployment to customer care. ORBCOMM’s satellite and dual-mode satellite-cellular terminals deliver complete visibility and control of industrial assets operating in remote areas, with global satellite connectivity over Inmarsat's IsatData Pro network.

Astrocast (Switzerland) is a company that deals in the satellite IoT industry. It provides leading integrated solutions that enable cost-effective SatIoT communications. The company offers satellite services from satellite infrastructure, fully designed, assembled, and in-house operated. Astrocast offers a bidirectional and highly secure connection to any IoT device on Earth. The company delivers its services to industries, such as maritime, environmental, mining, oil and gas, connected vehicles, agriculture and livestock, and asset monitoring. Astrocast is developing global nanosatellite constellations and low-power modules to ubiquitously connect, efficiently and at ultra-low-cost, millions of IoT devices in remote, rural and maritime areas.

Inmarsat Global (UK) is a leading provider of satellite IoT solutions. Leveraging its extensive satellite network coverage, the company offers reliable and scalable connectivity for IoT devices in remote and challenging environments worldwide. Inmarsat's IoT offerings cater to various industries, including maritime, aviation, agriculture, and energy, enabling businesses to track assets, monitor operations, and access critical data regardless of location. Their solutions emphasize global coverage, low-latency communications, and integration with IoT platforms, empowering enterprises to unlock new opportunities and optimize their operations through satellite-based IoT connectivity.

Airbus (Netherlands) is a key player in the satellite IoT sector. The company provides end-to-end satellite IoT solutions, leveraging its expertise in aerospace and telecommunications. Airbus offers satellite connectivity services tailored for IoT applications, enabling remote monitoring, tracking, and data collection across various industries such as transportation, agriculture, and environmental monitoring. Their solutions focus on global coverage, low-power consumption, and seamless integration with IoT platforms, empowering businesses to harness the benefits of satellite-based IoT connectivity for improved efficiency and decision-making.

Thales (France) is a leading provider of satellite IoT solutions. Leveraging its expertise in aerospace, defense, and cybersecurity, Thales offers comprehensive satellite connectivity services tailored for IoT applications. Their solutions encompass satellite communication terminals, network infrastructure, and management platforms, enabling reliable and secure data transmission for remote monitoring, tracking, and asset management across various industries. Thales emphasizes global coverage, robust security features, and integration with IoT platforms, empowering businesses to leverage satellite-based IoT connectivity for enhanced operational efficiency and decision-making capabilities

Related Reports:

Satellite IoT Market by Service Type (Satellite IoT Backhaul, Direct-to-satellite), Frequency Band (L-Band, Ku and Ka-Band, S-band), Organization Size (Large Enterprises, Small and Medium Sized Enterprises), Vertical & Region - Global Forecast to 2027