Global Satellite Internet of Things (IoT) Market, Forecast to 2022

Dynamic Vertical Markets Such as Oil and Gas and Aviation Spur Adoption for Satellite IoT and Provide New Growth Opportunities for S- and L-band Servi

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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.

This research focuses on satellites’ increasing role in the rapidly expanding IoT market and how the technology can be leveraged to fill in the gaps left by land-line and cellular-based solutions. Due to a satellite’s complete global coverage and reliability, it is uniquely positioned to facilitate IoT growth in difficult/remote applications, which have been previously impossible to connect. Thus, instead of positioning satellite as a competing technology, this research shows the potential for satellite to complement other terrestrial networks or to serve as the sole/primary technology for unique applications.

Table of Contents

Executive SummaryKey FindingsMarket Engineering MeasurementsCEO’s PerspectiveMarket OverviewIntroduction5 Major Growth OpportunitiesTransformation in the IoT Ecosystem, 2016 ScenarioSatellite Transponder Ecosystem, 2016 ScenarioSatellite IoT ConfigurationsCompetitive LandscapeMarket Overview—DefinitionsMarket Overview—Definitions (continued)Key Questions this Study will AnswerDrivers and Restraints—Total Satellite IoT MarketMarket DriversMarket RestraintsForecasts and Trends—Total Satellite IoT MarketForecast AssumptionsGlobal Satellite IoT S- and L-band Service Unit ForecastPercent Units Forecast by VerticalUnit Forecast DiscussionGlobal TrendsMarket Share and Competitive Analysis—Total Satellite IoT MarketMarket Share MethodologyGlobal Market Share Based on Active UnitsCompetitive EnvironmentIoT Growth OpportunitiesSatellite IoT by VerticalVertical Growth Opportunities for Satellite IoTGrowth Opportunities by Vertical (Apps and Use Cases)Growth Opportunity—MilitarySatellite IoT S- and L-band Service Active Units Forecast—MilitaryGrowth Opportunity—Oil and GasSatellite IoT S- and L-band Service Active Units Forecast—Oil and GasGrowth Opportunity—AviationSatellite IoT S- and L-band Service Active Units Forecast—AviationGrowth Opportunity—Maritime Shipping and LogisticsSatellite IoT S- and L-band Service Active Units Forecast—Maritime Shipping and LogisticsGrowth Opportunity—Land-based Shipping and LogisticsSatellite IoT S- and L-band Service Active Units Forecast—Land-based Shipping and LogisticsGrowth Opportunity—Heavy Equipment MonitoringSatellite IoT S- and L-band Service Active Units Forecast—Heavy Equipment MonitoringList of OthersSatellite IoT S- and L-band Service Active Units Forecast—OthersVertical Growth Opportunities Matrix, 2016 ScenarioThe Last WordThe Last Word—PredictionsLegal DisclaimerAppendixMarket Engineering MethodologyMarket Engineering Measurements

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