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Satellite Enabled IoT Software Market Size

ID: MRFR//3638-HCR | 100 Pages | Author: Ankit Gupta| August 2025

Market Size Snapshot

YearValue
2023USD 4.92 Billion
2032USD 15.0 Billion
CAGR (2024-2032)13.18 %

Note – Market size depicts the revenue generated over the financial year

The IoT Software Market is a global market, which is estimated to reach USD 4.92 billion by 2023, and is expected to reach USD 15.0 billion by 2032. This represents a CAGR of 13.18% from 2024 to 2032, and a strong growth path. This is mainly due to the increasing demand for connection in remote and underdeveloped areas. In addition, the development of satellite technology has enabled IoT applications to be used more widely and more reliably in various industries, such as agriculture, transport, and energy management. The IoT market is also driven by the need for real-time data analysis, the growing demand for smart devices, and the growing need for smart devices. The development of low-Earth-orbit satellite constellations, which provide low-latency and high-bandwidth communications, is expected to be the next big thing. Iridium Communications and SpaceX, with their Starlink program, are investing in expanding their satellite networks and forming strategic alliances to enhance their service capabilities. These efforts not only promote market growth, but also create a competitive environment that drives further technological development.

home-ubuntu-www-mrf_ne_design-batch-3-cp-satellite-enabled-iot-software-market size

Regional Market Size

Regional Deep Dive

The market for satellite-based IoT software is growing at a substantial rate in various regions, due to the increasing demand for communication in remote areas, the development of satellite technology and the increasing use of IoT devices. In each region, the market is influenced by different factors such as regulations, technological innovations and economic conditions. In addition, as industries seek to improve their efficiency and data collection capabilities, the importance of satellite-based IoT solutions is increasing, especially in the agricultural, logistics and environmental monitoring industries.

Europe

  • The European Space Agency (ESA) is actively promoting the use of satellite-enabled IoT solutions through programs like Copernicus, which provides data for environmental monitoring and disaster management, thus driving demand for related software.
  • Regulatory changes in the EU, particularly around data privacy and security, are shaping the development of satellite-enabled IoT software, compelling companies to innovate while ensuring compliance with stringent regulations.

Asia Pacific

  • Countries like India and Japan are investing heavily in satellite technology to enhance their IoT capabilities, with initiatives such as the Indian Space Research Organisation's (ISRO) plans to launch more satellites dedicated to IoT applications.
  • The rapid urbanization and industrialization in Asia-Pacific are creating a surge in demand for satellite-enabled IoT solutions, particularly in smart city projects and agriculture, where connectivity is crucial.

Latin America

  • Brazil's National Institute for Space Research (INPE) is collaborating with private companies to develop satellite-based IoT solutions for environmental monitoring, which is crucial for the region's vast natural resources.
  • The increasing prevalence of natural disasters in Latin America is prompting governments to invest in satellite-enabled IoT technologies for better disaster management and response capabilities.

North America

  • The U.S. government has launched initiatives like the Space Policy Directive-5, which aims to enhance the use of satellite technology for IoT applications, fostering innovation and collaboration among private companies and government agencies.
  • Key players such as Iridium Communications and Orbcomm are expanding their satellite networks to support IoT applications, focusing on sectors like maritime and agriculture, which are critical for the North American economy.

Middle East And Africa

  • The UAE's Space Agency is spearheading efforts to integrate satellite technology into various sectors, including agriculture and logistics, which is expected to boost the adoption of satellite-enabled IoT software in the region.
  • Challenges such as limited infrastructure in certain areas are driving innovative solutions, with companies like Thuraya Telecommunications and Inmarsat focusing on providing satellite connectivity to underserved markets.

Did You Know?

“Approximately 80% of the Earth's surface is not covered by traditional cellular networks, making satellite-enabled IoT solutions essential for global connectivity.” — Global Satellite Coalition

Segmental Market Size

The market for IoT-enabled satellites is growing rapidly, playing a crucial role in bringing the Internet to remote and underserved areas. Among the main drivers for this growth is the increasing need for real-time data in industries such as agriculture, logistics, and energy management, where traditional communications are inadequate. Regulatory initiatives to encourage digital transformation and smart city initiatives also are driving demand. SpaceX and Iridium are currently the two main players in the market, offering IoT-enabled satellite services. The most notable projects to date include the use of IoT-enabled satellites in precision agriculture, in which farmers use real-time data to optimize yields. These projects are being driven by the need for sustainable agriculture and climate-resilient infrastructure. Low-Earth-orbit (LEO) satellites and advanced data analytics are enabling IoT applications to become more efficient and widespread.

Future Outlook

“The sat-enabled IoT market is projected to grow at a CAGR of 13.18% from 2023 to 2032, rising from $4.9 billion to $15.0 billion. The demand for reliable communication in remote and under-served areas, where terrestrial networks are not available, is driving the growth of this market. Moreover, as industries like agriculture, logistics and energy continue to adopt IoT solutions, satellite communication will become an essential tool to ensure timely data transmission and improved operational efficiency. In 2032, sat-enabled IoT solutions are expected to account for about a quarter of the total IoT market, thereby underscoring their importance in digital transformation. In addition, technological advancements, such as the deployment of LEO constellations and the development of new satellite communication protocols, will enhance the performance and affordability of sat-enabled IoT solutions. Furthermore, government initiatives to expand the reach of broadband and foster the development of satellite-based technology will further boost the market.” The report also points to a growing emphasis on sustainability and the need to maintain a resilient supply chain as key trends that will also encourage the adoption of sat-enabled IoT solutions, especially in sectors where continuous monitoring and data collection in challenging environments are essential. As the market evolves, it is important for all the key players to stay agile and ready to take advantage of the evolving opportunities.

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