Satellite IoT market growth & outlook: 5 key drivers
In short The number of satellite IoT connections reached 7.5 million in 2024, according to IoT Analytics’ Satellite IoT Market Report 2025–2030 (published June 2025). The market for satellite IoT connectivity and equipment is expected to grow at a 26% CAGR until 2030, surpassing $4.7 billion. 5 key drivers are poised to propel this growth: 1) Technological advancements reducing costs 2) Providers implementing multi-orbit and hybrid network strategies 3) Emergence of standardized connectiv...| IoT Analytics
