Growing Adoption of IoT Services in Several Industries to Propel Satellite IoT Market to US$ 6.14 Bn by 2031: TMR Study

ALBANY, N.Y., Jan. 5, 2022 /PRNewswire/ -- The drive for satellite communications stems from the pressing need for global connectivity for Internet of Things (IoT) devices. A TMR study scrutinizing the various growth dynamics estimates the satellite IoT market to reach US$ 6.14 Bn by 2031. Rise in demand for IoT networks in remote asset management offers massive revenue potential in satellite connectivity.

Several companies in the space industry are investing in expanding the use cases of satellite communication, notably through the launch of SmallSat constellations. Key players include Myriota, Astrocast, and Kepler Communications. Subsequently, efforts to integrate these with 5G terrestrial networks present a vast avenue for players in the satellite IoT market.

The analysts of the TMR report have estimated the L-band (1-2GHz) segment held a major market share of 41.6% in 2020. Of note, technological advancements in L-band have spurred their commercialization in several end-use industries, notably for extending IoT network in dense environments. In particular, the growing use of IoT networks for real-time monitoring in the agriculture sector is estimate to generate substantial growth opportunities.

Request Report Sample at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77399

Key Findings of Satellite IoT Market Study

Get PDF brochure for detailed insights - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=77399

Satellite IoT Market: Key Drivers

Request for Analysis of COVID-19 Impact on Satellite IoT Market -https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=77399

Satellite IoT Market: Regional Growth Dynamics

Satellite IoT Market: Key Players

The TMR study provides an in-depth evaluation of the competition dynamics, including strategies adopted by prominent players to gain share of the satellite IoT market. Some of the key players in the market are Intelsat Corporation, Airbus S.A.S, Astrocast, Inmarsat Global Limited, Iridium Communication, and ORBCOMM, Inc.

Buy this 201 Pages Premium Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=77399&ltype=S

Global Satellite IoT Market: Segmentation

Satellite IoT Market by Service Type

Satellite IoT Market by Frequency Band

Satellite IoT Market by End-use

Satellite IoT Market by Region

Browse Latest Electronics and Semiconductors Market Research Reports by TMR:

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Mr Rohit Bhisey 
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected] 
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com 
Website: http://www.transparencymarketresearch.com 
Press Release: https://www.transparencymarketresearch.com/pressrelease/satellite-iot-market.htm

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg