Satellite-based IoT Growth Opportunities

Satellite-based IoT Growth Opportunities

Competitive Data Service Costs, Low-power Wide-area Network Integration, and Ecosystem Consolidation to Drive the Satellite IoT Ecosystem

RELEASE DATE
13-May-2024
REGION
Global
Deliverable Type
Market Research
Research Code: KA08-01-00-00-00
SKU: AE_2024_717
AvailableYesPDF Download
$2,450.00
In stock
SKU
AE_2024_717
$2,450.00
DownloadLink
ENQUIRE NOW

Description

The Satellite-based IoT sector is poised for unprecedented growth, driven by technological advancements and increasing demand for global connectivity. This study explores the pivotal growth opportunities within the sector, highlighting how innovations in satellite technology, strategic industry convergence, and emerging market dynamics are shaping the future landscape of IoT applications.

As satellite technology becomes more accessible and cost-effective, the expansion of IoT connectivity has reached a critical juncture. Innovations such as low-earth orbit (LEO) satellites and advanced onboard processing capabilities are drastically reducing latency and improving the bandwidth available for IoT communications. This enhancement is crucial for supporting various applications, including precision agriculture, smart city infrastructure, global supply chain management, and remote asset monitoring.

Furthermore, integrating technologies such as Artificial Intelligence (AI) and Machine Learning (ML) are transforming data processing within satellite networks, enabling more efficient handling of the vast data volumes generated by IoT devices. This capability improves the operational efficiency of satellite networks and empowers businesses to derive actionable insights more swiftly, enhancing decision-making processes and operational agility.

Looking ahead, the convergence of satellite IoT with traditional terrestrial networks and the adoption of next-generation connectivity standards like 5G, driven by 3GPP Release 17, are forecasted to further fuel the growth of the satellite IoT sector. These developments enhance the reliability, speed, and cost-efficiency of IoT solutions, offering far-reaching implications for industries looking to expand their digital footprint globally. As the sector evolves, stakeholders must navigate a complex regulatory landscape and address pressing challenges, such as cybersecurity and data privacy, to fully capitalize on these emerging opportunities.

Author: Pravin Pradeep

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Satellite-based IoT Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Metrics

Advancements Driving the Growth of Satellite-based IoT

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraints Analysis

Growth Restraints Analysis (continued)

Growth Restraints Analysis (continued)

IoT Industrial Application Revenue Forecast

IoT Industrial Application Revenue Forecast Analysis

Regional Industry Insights

Regional Industry Insights (continued)

Regional Industry Insights (continued)

Regulatory & Policy Landscape

Regulatory & Policy Landscape (continued)

Regulatory & Policy Landscape (continued)

Regulatory & Policy Landscape (continued)

IoT Competitive Environment

IoT Service Providers by Frequency Band

IoT Industrial Application

IoT Satellite Connectivity Subscriptions

Growth Opportunity 1: IT/OT Convergence

Growth Opportunity 1: IT/OT Convergence (continued)

Growth Opportunity 2: Generative AI Integration

Growth Opportunity 2: Generative AI Integration (continued)

Growth Opportunity 3: Energy Management

Growth Opportunity 3: Energy Management (continued)

Growth Opportunity 4: Hardware Security

Growth Opportunity 4: Hardware Security (continued)

List of Exhibits

Legal Disclaimer

The Satellite-based IoT sector is poised for unprecedented growth, driven by technological advancements and increasing demand for global connectivity. This study explores the pivotal growth opportunities within the sector, highlighting how innovations in satellite technology, strategic industry convergence, and emerging market dynamics are shaping the future landscape of IoT applications. As satellite technology becomes more accessible and cost-effective, the expansion of IoT connectivity has reached a critical juncture. Innovations such as low-earth orbit (LEO) satellites and advanced onboard processing capabilities are drastically reducing latency and improving the bandwidth available for IoT communications. This enhancement is crucial for supporting various applications, including precision agriculture, smart city infrastructure, global supply chain management, and remote asset monitoring. Furthermore, integrating technologies such as Artificial Intelligence (AI) and Machine Learning (ML) are transforming data processing within satellite networks, enabling more efficient handling of the vast data volumes generated by IoT devices. This capability improves the operational efficiency of satellite networks and empowers businesses to derive actionable insights more swiftly, enhancing decision-making processes and operational agility. Looking ahead, the convergence of satellite IoT with traditional terrestrial networks and the adoption of next-generation connectivity standards like 5G, driven by 3GPP Release 17, are forecasted to further fuel the growth of the satellite IoT sector. These developments enhance the reliability, speed, and cost-efficiency of IoT solutions, offering far-reaching implications for industries looking to expand their digital footprint globally. As the sector evolves, stakeholders must navigate a complex regulatory landscape and address pressing challenges, such as cybersecurity and data privacy, to fully capitalize on these emerging opportunities. Author: Pravin Pradeep
More Information
Deliverable Type Market Research
Author Pravin Pradeep
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Podcast No
Predecessor K8C0-01-00-00-00
WIP Number KA08-01-00-00-00