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Omdia’s Satellite IoT Market Landscape – 2025 report, released on August 1, 2025, highlights satellite technology as a vital complement to terrestrial networks, enhancing IoT coverage and resilience. With a projected 23.8% CAGR for global satellite IoT connections from 2023 to 2030, the technology is poised to transform enterprise deployments in remote and critical environments.
Satellite IoT connections to grow at 23.8% CAGR through 2030, per Omdia.
10% of global IoT enterprises are interested in satellite connectivity.
Declining hardware costs and standards drive adoption in remote deployments.
Key verticals: transportation, agriculture, energy, and maritime.
Satellite broadband and direct-to-device communication offer lucrative potential.
Market valued at $2.9B in 2023, with significant growth expected.
Satellite technology addresses coverage limitations in remote areas where terrestrial networks are unavailable, such as oceans or rural regions. “10% of global IoT enterprises are interested in using satellite connectivity in their IoT deployments but have struggled with cost and integration,” said John Canali, IoT Principal Analyst at Omdia. Falling hardware costs, like gateways, and emerging standards are making direct-to-IoT device satellite communication viable, enabling real-time data collection for industries like transportation (fleet tracking), agriculture (precision farming), and maritime (vessel monitoring).
The report projects the satellite IoT market, valued at $2.9 billion in 2023, to grow significantly, driven by technological advancements and standardization. Satellite broadband and direct-to-device smartphone communication are highlighted as high-potential services, offering both revenue opportunities and critical connectivity in emergencies. Omdia notes that 62% of IoT enterprises cite cost as a barrier, but declining prices—down 40% for satellite modules since 2020—signal broader adoption.
Omdia emphasizes the need for communications service providers (CSPs) to partner with satellite operators like Starlink, Inmarsat, and Globalstar to integrate satellite into hybrid IoT networks. “CSPs and key IoT stakeholders should prioritize forging partnerships with satellite operators,” said Andy Brown, IoT Practice Lead at Omdia. These partnerships enhance resilience, with 78% of enterprises valuing hybrid networks for redundancy, per Omdia’s 2025 survey. For example, Amazon’s Project Kuiper aims to connect 100M IoT devices by 2030.
The global IoT market, projected to reach $1.1 trillion by 2030, increasingly relies on hybrid connectivity. Satellite IoT complements 5G and LPWAN, with players like Iridium and Orbcomm leading in low-power solutions. X posts highlight enthusiasm for satellite IoT in smart agriculture, though integration complexity remains a challenge for 45% of enterprises, per Omdia. The report contrasts with terrestrial-focused solutions like Sigfox, noting satellite’s edge in remote coverage.
Omdia’s research positions satellite IoT as a critical enabler for hybrid networks, offering enterprises scalable, resilient connectivity. As costs decline and standards solidify, satellite technology will drive innovation across verticals, transforming IoT deployments in remote and critical environments.
Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients’ strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.
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