Frost & Sullivan: Global IoT Satellite Connectivity Market

Low Earth Orbit (LEO) Satellite Mega-constellations, Low-Power Wide-Area Network (LPWAN) Integration, and Ecosystem Collaboration Boost the Future Growth Potential of IoT Satellite Connectivity

Skylo Team
August 7, 2023
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The IoT satellite connectivity market is gaining traction worldwide with advances in low earth orbit (LEO) mega-constellation construction and launch. The IoT ecosystem is adopting LEO satellite technology for its advantages, such as cost reduction and new revenue stream creation.

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Collaboration between standards, which include low-power wide-area network (LPWAN) and cellular IoT, is propelling growth in the market. Businesses are deploying hybrid terrestrial and satellite networks due to the benefits of dual-mode capability in enabling new IoT use cases in areas with deficient LPWAN and/or cellular network coverage or enhanced connectivity resiliency. For example, proprietary LPWAN (e.g., LoRaWAN®, RPMA®, and Sigfox) and cellular IoT (NB-IoT) have been integrated with satellite networks in 2021, 2022, and 2023.

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