M2M and IoT via satellite: trends and forecasts 2023–2033

This report examines the long-term outlook for satellite IoT and M2M communications, highlighting the changes in market dynamics in response to increased competition within various segments of the market. 

Report coverage

• A summary of the trends in satellite M2M and IoT that are driving revenue growth in seven market segments and five regions.
• A 10-year forecast for the number of in-service units and revenue across each market segment.
• An assessment of the use cases that will experience the strongest growth between 2023 and 2033.
• A review of the market forces that are influencing the adoption of various satellite IoT technologies.
• An outline of the key technology developments that will shape the future of the market, along with recommendations on how players should respond to an evolving environment.

Key questions answered in this report

• What is the revenue opportunity for the emerging satellite IoT market?
• What will be the impact of new 3GPP releases on 5G satellite IoT?
• How will legacy IoT satellite operators adapt to a lower average revenue per unit and an increasingly competitive environment?
• What are the opportunities for mobile network operators (MNOs) and mobile virtual network operators (MVNOs) to capture a share of the new non-terrestrial network (NTN) market?
• Which use cases will have the highest revenue growth over the next 10 years?

Report segmentation