Global IoT Satellite Connectivity Market Analysis Report 2023: LEO, Satellite Mega-constellations, Low-Power Wide-Area Network, Integration, and Ecosystem Collaboration Boosts Future Growth
DUBLIN, Aug. 16, 2023 /PRNewswire/ -- The "Global IoT Satellite Connectivity Market" report has been added to ResearchAndMarkets.com's offering.
This study delves into the crucial factors driving and restraining the market's growth, offering comprehensive coverage of company profiles for key industry participants. Additionally, gain valuable insights into telco initiatives focused on satellite IoT, shaping the trajectory of this dynamic and rapidly evolving domain
The IoT satellite connectivity market is gaining traction worldwide with advances in low earth orbit (LEO) mega-constellation construction and launch. The IoT ecosystem is adopting LEO satellite technology for its advantages, such as cost reduction and new revenue stream creation.
Collaboration between standards, which include low-power wide-area networks (LPWAN) and cellular IoT, is propelling growth in the market. Businesses are deploying hybrid terrestrial and satellite networks due to the benefits of dual-mode capability in enabling new IoT use cases in areas with deficient LPWAN and/or cellular network coverage or enhanced connectivity resiliency. For example, proprietary LPWAN (e.g., LoRaWAN, RPMA, and Sigfox) and cellular IoT (NB-IoT) have been integrated with satellite networks in 2021, 2022, and 2023.
The IoT satellite ecosystem is developing; however, 84.5% of the connections are with 4 IoT satellite network operators, which are Inmarsat, Iridium, Orbcomm, and Globalstar. In the ecosystem, some start-ups leverage LEO satellites to provide connectivity for IoT devices.
Other start-ups use LEO satellites to connect devices with LPWAN (e.g., Skylo offers NB-IoT-based connectivity) or integrate satellite networks with LPWAN technology (e.g., Swarm Technologies delivers satellite connectivity integrating Semtech's LoRa technology, or Ingenu, a start-up, builds LEO satellites to host its RPMA technology).
Other traditional satellit operators offer satellite connectivity for IoT use cases to expand cellular connectivity in remote locations with leading telecom operators (e.g., Intelsat, which signed separate deals with Deutsche Telekom, Telefonica, and TIM).
In addition, this report discusses the following growth opportunities:
Key Topics Covered:
1. Strategic Imperatives
2. Market Definition
3. IoT Connectivity Industry
4. IoT Satellite Connectivity Services
5. Growth Opportunity Analysis
7. Telcos' Initiatives on Satellite IoT
8. Growth Opportunity Universe
A selection of companies mentioned in this report includes
For more information about this report visit https://www.researchandmarkets.com/r/dy5d98
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