Global Satellite Iot Market Size & Outlook, 2025-2033
The global satellite iot market size was estimated at USD 1,489.7 million in 2024 and is projected to reach USD 7,231.6 million by 2033, growing at a CAGR of 19.5% from 2025 to 2033.
Revenue, 2024 (US$M)
$1,489.7
Forecast, 2033 (US$M)
$7,231.6
CAGR, 2025 - 2033
19.5%
Report Coverage
Worldwide
Global satellite iot market, 2021-2033 (US$M)
Related Markets
Global satellite iot market highlights
- The global satellite iot market generated a revenue of USD 1,489.7 million in 2024 and is expected to reach USD 7,231.6 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 19.5% by 2033.
- In terms of segment, large enterprises accounted for a revenue of USD 1,194.6 million in 2024.
- Small & Medium Sized Enterprises is the most lucrative organization size segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 1,489.7 million |
| Market revenue in 2033 | USD 7,231.6 million |
| Growth rate | 19.5% (CAGR from 2025 to 2033) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small & Medium Sized Enterprises |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small & Medium Sized Enterprises, Large Enterprises |
Other key industry trends
- In terms of revenue, the North America accounted for 40.7% of the global satellite iot market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 196.0 million by 2033.
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Satellite IoT Market Scope
Satellite iot market segmentation & scope
Satellite IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Myriota | View profile | 51-100 | Adelaide, South Australia, Australia, Oceania | http://myriota.com |
| Globalstar | View profile | 251-500 | Milpitas, California, United States, North America | http://www.globalstar.com |
| Northrop Grumman Corporation | View profile | 10001+ | Fort George G Meade, Maryland, United States, North America | https://www.northropgrumman.com/ |
| Kepler Communications | View profile | 11-50 | Toronto, Ontario, Canada, North America | http://www.keplercommunications.com/ |
| Swarm Technology | View profile | 1-10 | Mesa, Arizona, United States, North America | https://www.swarmtechnology.us/ |
| Thales Group | View profile | 10001+ | Paris, Ile-de-France, France, Europe | http://www.thalesgroup.com |
| ORBCOMM | View profile | 1001-5000 | Rochelle Park, New Jersey, United States, North America | http://www.orbcomm.com/ |
| Inmarsat | View profile | 1001-5000 | London, England, United Kingdom, Europe | http://www.inmarsat.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
Global satellite iot market size, by regions, 2021-2033 (US$M)
Top 10 countries: Satellite iot market size, 2024 (US$M)
Global satellite iot market share, by organization size, 2024 & 2033 (%, US$M)
Satellite iot market: Opportunity assessment by country
Global satellite iot market, by region, 2024 (US$M)
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