Modern satellite communication continues to evolve as new service providers explore niche applications that give them an opportunity to compete with the incumbent global providers. This is a area of wireless telecom infrastructure that is noteworthy, as more unique uses cases are explored. Decreasing costs of satellite launches and lower capital outlays have enabled several new Small Satellite (SmallSat) operators to enter the Internet-of-Things (IoT) market with low-cost and low-power satellite connectivity offerings. SmallSat IoT Market Development These new entities seek to challenge the traditional satellite IoT service provider incumbents -- including Inmarsat, Iridium, ORBCOMM, and Globalstar -- to provide a more cost-effective solution for end customers in a variety of industries. According to the latest worldwide market study by ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to reach 27 million in 2030 (a CAGR of 12.7 percent). ...
TMT Market Research and Analysis