M2M and IoT via satellite: trends and forecasts 2023–2033

08 July 2024 | Research

Shagun Sachdeva | Jiachen Zhang

Forecast report | PPTX and PDF (17 slides); Excel | Satellite Strategies for Telcos


"The integration of satellite and terrestrial networks promises to deliver comprehensive, reliable and cost-effective IoT connectivity across diverse environments."

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This report examines the long-term outlook for satellite IoT and M2M communications, highlighting the changes in market dynamics in response to increased competition within various segments of the market. 

Report coverage

  • A summary of the trends in satellite M2M and IoT that are driving revenue growth in seven market segments and five regions.
  • A 10-year forecast for the number of in-service units and revenue across each market segment.
  • An assessment of the use cases that will experience the strongest growth between 2023 and 2033.
  • A review of the market forces that are influencing the adoption of various satellite IoT technologies.
  • An outline of the key technology developments that will shape the future of the market, along with recommendations on how players should respond to an evolving environment.

Key questions answered in this report

  • What is the revenue opportunity for the emerging satellite IoT market?
  • What will be the impact of new 3GPP releases on 5G satellite IoT?
  • How will legacy IoT satellite operators adapt to a lower average revenue per unit and an increasingly competitive environment?
  • What are the opportunities for mobile network operators (MNOs) and mobile virtual network operators (MVNOs) to capture a share of the new non-terrestrial network (NTN) market?
  • Which use cases will have the highest revenue growth over the next 10 years?

Report segmentation

Variables
  • In-service units
  • Average revenue per unit (ARPU)
  • Service revenue
  • Equipment revenue
  • Retail revenue
Market segments
  • Transport and cargo
  • Maritime
  • Oil and gas
  • Mining
  • Utilities
  • Agriculture
  • Construction
Technology types
  • Proprietary IoT
  • Very-small-aperture terminal (VSAT) IoT
  • 5G and direct-to-device (D2D) IoT
Geographical regions
  • Asia
  • Europe
  • Latin America
  • North America
  • Middle East and Africa

USD8995

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Authors

Shagun Sachdeva

Senior Analyst, expert in satellite and space

Jiachen Zhang

Research Analyst