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The Satellite IoT Market is expected to reach $2.48 billion by 2031, growing at a CAGR of 18.2% from 2024 to 2031. This growth is primarily fueled by the increasing need for device interconnectivity in remote areas and the expanding use of satellite IoT technology in the agriculture sector. However, the high costs associated with implementing satellite IoT solutions pose a restraint on market growth. Despite this, the growing adoption of satellite IoT in maritime applications presents lucrative growth opportunities for market players. Nonetheless, the vulnerability of satellite IoT devices to cyberattacks remains a significant challenge for the market’s expansion.
Top 10 Companies in the Satellite IoT Market
Thuraya Telecommunications Company (subsidiary of Al Yah Satellite Communication Company PJSC)
Founded in 1997 and based in Dubai, UAE, Thuraya is a leading mobile-satellite service provider. Its solutions include Thuraya VSAT+ for enhanced marine connectivity and Thuraya 4-NGS, a satellite IoT service supporting multiple air interface technologies. Their M2M/IoT service integrates with various networks and terminals, catering to sectors like smart utilities, connected oilfields, security, and vehicle monitoring.
Iridium Communications Inc.
Established in 2001 and headquartered in Virginia, U.S., Iridium is a global satellite communications company providing voice and data services. Their satellite IoT solutions include Global Maritime Distress & Safety System (GMDSS), Iridium Certus services, and remote sensing for industries such as aviation, maritime, transportation, and autonomous systems.
Globalstar, Inc.
Founded in 1991 and headquartered in Louisiana, U.S., Globalstar operates a low Earth orbit satellite constellation. Their GPS Asset Tracking Equipment & Services assist in fleet and equipment monitoring, while their commercial IoT solutions provide real-time visibility and updates for industries such as agriculture, industrial monitoring, and wildlife tracking.
Eutelsat Communications S.A.
Established in 1927 and based in Monza, Italy, Eutelsat operates a fleet of satellites serving global users. They offer IoT services like Eutelsat IoT FIRST and Eutelsat LEO, providing compact, low-power satellite terminals with global coverage, complementing terrestrial networks.
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Inmarsat Global Limited (subsidiary of Viasat, Inc.)
Founded in 1979 and headquartered in London, U.K., Inmarsat is a satellite service provider offering mobile satellite communications. Their low-bandwidth IoT solutions serve industries such as agriculture, energy, mining, and utilities. In 2020, Viasat Inc. acquired Inmarsat, enhancing its position in the competitive satellite communications market.
Airbus SE
Incorporated in 2000 and based in Leiden, Netherlands, Airbus SE designs commercial aircraft and offers satellite IoT services through its Airbus Defence and Space division. Their solutions include Airbus Connected Experience, Reliable Connected Fleet, and various satellite-based services for drones, aircraft, and maritime connectivity.
Thales
Founded in 2000 and headquartered in Paris, France, Thales is a leader in aerospace, defense, and digital identity solutions. Their satellite IoT offerings include FlytLINK for aircraft communications and MissionLINK for vehicle fleet monitoring and mobile connectivity, ensuring uninterrupted reporting and data tracking.
Vodafone Group Plc
Established in 1984 and based in Newbury, U.K., Vodafone provides an IoT connectivity platform using Inmarsat’s satellite network. Vodafone offers IoT solutions for various sectors, including agriculture, utilities, and oil & gas, with its Global SIM roaming on satellite networks managed through its IoT Connectivity Platform.
ORBCOMM Inc.
Founded in 1993 and headquartered in New Jersey, U.S., ORBCOMM provides IoT solutions for tracking and monitoring assets across industries such as transportation, heavy equipment, and maritime. Their IsatData Pro service and OG2 satellite network offer reliable, low-cost IoT communications worldwide.
Alén Space, S.L.
Based in Pontevedra, Spain, Alén Space specializes in small satellite design and manufacturing. Their end-to-end satellite IoT solutions include ADS-B and SAT-AIS Space, which support maritime surveillance, fleet management, and search and rescue operations, providing reliable global coverage.
These companies play a key role in advancing satellite IoT technology, driving growth in industries ranging from agriculture to transportation. However, the need for improved cybersecurity measures to protect IoT devices from cyberattacks remains a critical focus for the market’s future.
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