While only accounting for 25.5 million units globally in 2015, the satellite IoT market is expected to grow at a faster pace than any other satellite market. With a compound annual growth rate (CAGR) of 19.9%, this market will provide new growth and opportunities for mobile satellite service providers that have struggled with the stagnant development of the satellite phone market. This research provides a base year market size by active units, future growth estimation through 2022, and forecast breakouts for the 6 most significant market verticals within the satellite IoT market. For the purposes of this study, only S- and L-band satellite technologies are covered as they are the primary frequency bands used for pure-IoT applications. Research Scope: • Market trends cover the IoT market, satellite technology and its place within the IoT market, technology strengths and barriers, and satellite’s viability among cheaper terrestrial network alternatives. • Drivers and restraints for the global satellite IoT market outline the key influencing factors effecting the growth in this market. • The base year active unit market size and forecast spans from 2016 to 2022, projecting the overall size of the market and its expected growth. • Market share analysis for key market participants used to form the base year for the market forecast in the research provides a closer look at the performance of S- and L-band satellite providers serving the IoT market. • Vertical market analysis for the top 6 key areas of growth for satellite IoT and subsequent forecast breakouts for each of these growth areas include the military, oil and gas, aviation, maritime shipping and logistics, land-based shipping and logistics, and heavy equipment monitoring. • Context, opportunities, and use cases for the 6 key areas of growth are also provided to detail the nature of the growth and satellite’s overall capability and relevance to the market.