Satellite IoT Market Worth $2.48 Billion by 2031

Satellite IoT Market Size, Share, Forecast, & Trends Analysis by Service Type, Frequency Band, Organization Size, Sector (Military & Defense, Agriculture, Construction, Oil & Gas, Utilities, Transportation & Logistics, Maritime) – Global Forecast to 2031

The Satellite IoT Market is projected to reach $2.48 billion by 2031, at a CAGR of 18.2% from 2024 to 2031. The growth of the satellite IoT market is driven by the rising demand for interconnectivity between devices in remote areas and the increasing use of satellite IoT technology in the agriculture industry. Additionally, the growing use of satellite IoT technology in maritime applications is expected to generate growth opportunities for the players in this market.