This comprehensive report provides a detailed analysis of the global Satellite-Based IoT Service market, projecting significant growth through 2032. It examines key market dynamics, including trends in product segmentation by orbit type—LEO, MEO, and GEO—and various applications such as oil and gas, automotive, and healthcare. By evaluating regional developments across the Americas, APAC, Europe, and MEA, the study offers strategic insights into the competitive landscape, featuring major players like Airbus, Boeing, and Iridium Communications.

Executive Overview

Global Market Outlook

The global Satellite-Based IoT Service market is projected to experience significant growth from 2025 through 2032, expanding at a steady compound annual growth rate over the forecast period.

Regional Market Projections

• United States: The market for Satellite-Based IoT Service in the United States is estimated to increase from 2025 through 2032, growing at a consistent compound annual growth rate.
• China: The market for Satellite-Based IoT Service in China is estimated to increase from 2025 through 2032, growing at a consistent compound annual growth rate.
• Europe: The market for Satellite-Based IoT Service in Europe is estimated to increase from 2025 through 2032, growing at a consistent compound annual growth rate.

Report Scope and Methodology

Research Overview

LPI (LP Information)' newest research report, the “Satellite-Based IoT Service Industry Forecast,” evaluates past sales and reviews total world Satellite-Based IoT Service sales in 2025. The report provides a comprehensive analysis by region and market sector of projected Satellite-Based IoT Service sales for the period of 2026 through 2032. With Satellite-Based IoT Service sales broken down by region, market sector, and sub-sector, this report provides a detailed analysis in US$ millions of the world Satellite-Based IoT Service industry.

Analytical Focus

This Insight Report provides a comprehensive analysis of the global Satellite-Based IoT Service landscape and highlights key trends related to:

• Product segmentation
• Company formation
• Revenue and market share
• Latest developments
• M&A activity

The report also analyses the strategies of leading global companies with a focus on Satellite-Based IoT Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Satellite-Based IoT Service market.

Market Dynamics and Drivers

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Satellite-Based IoT Service and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Satellite-Based IoT Service.

This report presents a comprehensive overview, market shares, and growth opportunities of the Satellite-Based IoT Service market by product type, application, key players, and key regions and countries.

Market Segmentation

By Type

• LEO
• MEO
• GEO

By Application

• Commercial
• Oil and Gas
• Automotive
• Healthcare
• Retail
• Natural Resource Monitoring

By Geography

• Americas: United States, Canada, Mexico, Brazil
• APAC: China, Japan, Korea, Southeast Asia, India, Australia
• Europe: Germany, France, UK, Italy, Russia
• Middle East & Africa: Egypt, South Africa, Israel, Turkey, GCC Countries

Competitive Landscape

Market Concentration

Global key Satellite-Based IoT Service players include Airbus, Astrocast SA, Boeing, Eutelsat Communications SA, and Fleet Space Technologies. In terms of revenue, the global two largest companies occupied a significant portion of the market share in 2025.

Key Profiled Companies

The following companies have been profiled based on inputs gathered from primary experts and an analysis of the company's coverage, product portfolio, and market penetration:

• Airbus
• Astrocast SA
• Boeing
• Eutelsat Communications SA
• Fleet Space Technologies
• hiSky Ltd.
• Inmarsat
• Iridium Communications Inc.
• Kepler Communications Inc.
• Lacuna Space
• Myriota
• Orbcomm Inc.
• OQ Technology
• Thales
• Thuraya

• 1 Scope of the Report

  • 1.1 Market Introduction

  • 1.2 Years Considered

  • 1.3 Research Objectives

  • 1.4 Market Research Methodology

  • 1.5 Research Process and Data Source

  • 1.6 Economic Indicators

  • 1.7 Currency Considered

  • 1.8 Market Estimation Caveats

• 2 Executive Summary

  • 2.1 World Market Overview

    • 2.1.1 Global Satellite-Based IoT Service Market Size (2021-2032)

    • 2.1.2 Satellite-Based IoT Service Market Size CAGR by Region (2021 VS 2025 VS 2032)

    • 2.1.3 World Current & Future Analysis for Satellite-Based IoT Service by Country/Region (2021, 2025 & 2032)

  • 2.2 Satellite-Based IoT Service Segment by Type

    • 2.2.1 LEO

    • 2.2.2 MEO

    • 2.2.3 GEO

    • 2.2.4 Satellite-Based IoT Service Market Size by Type

      • 2.2.4.1 Satellite-Based IoT Service Market Size CAGR by Type (2021 VS 2025 VS 2032)
      • 2.2.4.2 Global Satellite-Based IoT Service Market Size Market Share by Type (2021-2026)

  • 2.3 Satellite-Based IoT Service Segment by Application

    • 2.3.1 Commercial

    • 2.3.2 Oil and Gas

    • 2.3.3 Automotive

    • 2.3.4 Healthcare

    • 2.3.5 Retail

    • 2.3.6 Natural Resource Monitoring

    • 2.3.7 Satellite-Based IoT Service Market Size by Application

      • 2.3.7.1 Satellite-Based IoT Service Market Size CAGR by Application (2021 VS 2025 VS 2032)
      • 2.3.7.2 Global Satellite-Based IoT Service Market Size Market Share by Application (2021-2026)

• 3 Satellite-Based IoT Service Market Size by Player

  • 3.1 Satellite-Based IoT Service Market Size Market Share by Player

    • 3.1.1 Global Satellite-Based IoT Service Revenue by Player (2021-2026)

    • 3.1.2 Global Satellite-Based IoT Service Revenue Market Share by Player (2021-2026)

  • 3.2 Global Satellite-Based IoT Service Key Players Head office and Products Offered

  • 3.3 Market Concentration Rate Analysis

    • 3.3.1 Competition Landscape Analysis

    • 3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)

  • 3.4 New Products and Potential Entrants

  • 3.5 Mergers & Acquisitions, Expansion

• 4 Satellite-Based IoT Service by Region

  • 4.1 Satellite-Based IoT Service Market Size by Region (2021-2026)

  • 4.2 Global Satellite-Based IoT Service Annual Revenue by Country/Region (2021-2026)

  • 4.3 Americas Satellite-Based IoT Service Market Size Growth (2021-2026)

  • 4.4 APAC Satellite-Based IoT Service Market Size Growth (2021-2026)

  • 4.5 Europe Satellite-Based IoT Service Market Size Growth (2021-2026)

  • 4.6 Middle East & Africa Satellite-Based IoT Service Market Size Growth (2021-2026)

• 5 Americas

  • 5.1 Americas Satellite-Based IoT Service Market Size by Country (2021-2026)

  • 5.2 Americas Satellite-Based IoT Service Market Size by Type (2021-2026)

  • 5.3 Americas Satellite-Based IoT Service Market Size by Application (2021-2026)

  • 5.4 United States

  • 5.5 Canada

  • 5.6 Mexico

  • 5.7 Brazil

• 6 APAC

  • 6.1 APAC Satellite-Based IoT Service Market Size by Region (2021-2026)

  • 6.2 APAC Satellite-Based IoT Service Market Size by Type (2021-2026)

  • 6.3 APAC Satellite-Based IoT Service Market Size by Application (2021-2026)

  • 6.4 China

  • 6.5 Japan

  • 6.6 South Korea

  • 6.7 Southeast Asia

  • 6.8 India

  • 6.9 Australia

• 7 Europe

  • 7.1 Europe Satellite-Based IoT Service Market Size by Country (2021-2026)

  • 7.2 Europe Satellite-Based IoT Service Market Size by Type (2021-2026)

  • 7.3 Europe Satellite-Based IoT Service Market Size by Application (2021-2026)

  • 7.4 Germany

  • 7.5 France

  • 7.6 UK

  • 7.7 Italy

  • 7.8 Russia

• 8 Middle East & Africa

  • 8.1 Middle East & Africa Satellite-Based IoT Service by Region (2021-2026)

  • 8.2 Middle East & Africa Satellite-Based IoT Service Market Size by Type (2021-2026)

  • 8.3 Middle East & Africa Satellite-Based IoT Service Market Size by Application (2021-2026)

  • 8.4 Egypt

  • 8.5 South Africa

  • 8.6 Israel

  • 8.7 Turkey

  • 8.8 GCC Countries

• 9 Market Drivers, Challenges and Trends

  • 9.1 Market Drivers & Growth Opportunities

  • 9.2 Market Challenges & Risks

  • 9.3 Industry Trends

• 10 Global Satellite-Based IoT Service Market Forecast

  • 10.1 Global Satellite-Based IoT Service Forecast by Region (2027-2032)

    • 10.1.1 Global Satellite-Based IoT Service Forecast by Region (2027-2032)

    • 10.1.2 Americas Satellite-Based IoT Service Forecast

    • 10.1.3 APAC Satellite-Based IoT Service Forecast

    • 10.1.4 Europe Satellite-Based IoT Service Forecast

    • 10.1.5 Middle East & Africa Satellite-Based IoT Service Forecast

  • 10.2 Americas Satellite-Based IoT Service Forecast by Country (2027-2032)

    • 10.2.1 United States Market Satellite-Based IoT Service Forecast

    • 10.2.2 Canada Market Satellite-Based IoT Service Forecast

    • 10.2.3 Mexico Market Satellite-Based IoT Service Forecast

    • 10.2.4 Brazil Market Satellite-Based IoT Service Forecast

  • 10.3 APAC Satellite-Based IoT Service Forecast by Region (2027-2032)

    • 10.3.1 China Satellite-Based IoT Service Market Forecast

    • 10.3.2 Japan Market Satellite-Based IoT Service Forecast

    • 10.3.3 Korea Market Satellite-Based IoT Service Forecast

    • 10.3.4 Southeast Asia Market Satellite-Based IoT Service Forecast

    • 10.3.5 India Market Satellite-Based IoT Service Forecast

    • 10.3.6 Australia Market Satellite-Based IoT Service Forecast

  • 10.4 Europe Satellite-Based IoT Service Forecast by Country (2027-2032)

    • 10.4.1 Germany Market Satellite-Based IoT Service Forecast

    • 10.4.2 France Market Satellite-Based IoT Service Forecast

    • 10.4.3 UK Market Satellite-Based IoT Service Forecast

    • 10.4.4 Italy Market Satellite-Based IoT Service Forecast

    • 10.4.5 Russia Market Satellite-Based IoT Service Forecast

  • 10.5 Middle East & Africa Satellite-Based IoT Service Forecast by Region (2027-2032)

    • 10.5.1 Egypt Market Satellite-Based IoT Service Forecast

    • 10.5.2 South Africa Market Satellite-Based IoT Service Forecast

    • 10.5.3 Israel Market Satellite-Based IoT Service Forecast

    • 10.5.4 Turkey Market Satellite-Based IoT Service Forecast

  • 10.6 Global Satellite-Based IoT Service Forecast by Type (2027-2032)

  • 10.7 Global Satellite-Based IoT Service Forecast by Application (2027-2032)

    • 10.7.1 GCC Countries Market Satellite-Based IoT Service Forecast

• 11 Key Players Analysis

  • 11.1 Airbus

    • 11.1.1 Airbus Company Information

    • 11.1.2 Airbus Satellite-Based IoT Service Product Offered

    • 11.1.3 Airbus Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.1.4 Airbus Main Business Overview

    • 11.1.5 Airbus Latest Developments

  • 11.2 Astrocast SA

    • 11.2.1 Astrocast SA Company Information

    • 11.2.2 Astrocast SA Satellite-Based IoT Service Product Offered

    • 11.2.3 Astrocast SA Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.2.4 Astrocast SA Main Business Overview

    • 11.2.5 Astrocast SA Latest Developments

  • 11.3 Boeing

    • 11.3.1 Boeing Company Information

    • 11.3.2 Boeing Satellite-Based IoT Service Product Offered

    • 11.3.3 Boeing Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.3.4 Boeing Main Business Overview

    • 11.3.5 Boeing Latest Developments

  • 11.4 Eutelsat Communications SA

    • 11.4.1 Eutelsat Communications SA Company Information

    • 11.4.2 Eutelsat Communications SA Satellite-Based IoT Service Product Offered

    • 11.4.3 Eutelsat Communications SA Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.4.4 Eutelsat Communications SA Main Business Overview

    • 11.4.5 Eutelsat Communications SA Latest Developments

  • 11.5 Fleet Space Technologies

    • 11.5.1 Fleet Space Technologies Company Information

    • 11.5.2 Fleet Space Technologies Satellite-Based IoT Service Product Offered

    • 11.5.3 Fleet Space Technologies Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.5.4 Fleet Space Technologies Main Business Overview

    • 11.5.5 Fleet Space Technologies Latest Developments

  • 11.6 hiSky Ltd.

    • 11.6.1 hiSky Ltd. Company Information

    • 11.6.2 hiSky Ltd. Satellite-Based IoT Service Product Offered

    • 11.6.3 hiSky Ltd. Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.6.4 hiSky Ltd. Main Business Overview

    • 11.6.5 hiSky Ltd. Latest Developments

  • 11.7 Inmarsat

    • 11.7.1 Inmarsat Company Information

    • 11.7.2 Inmarsat Satellite-Based IoT Service Product Offered

    • 11.7.3 Inmarsat Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.7.4 Inmarsat Main Business Overview

    • 11.7.5 Inmarsat Latest Developments

  • 11.8 Iridium Communications Inc.

    • 11.8.1 Iridium Communications Inc. Company Information

    • 11.8.2 Iridium Communications Inc. Satellite-Based IoT Service Product Offered

    • 11.8.3 Iridium Communications Inc. Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.8.4 Iridium Communications Inc. Main Business Overview

    • 11.8.5 Iridium Communications Inc. Latest Developments

  • 11.9 Kepler Communications Inc.

    • 11.9.1 Kepler Communications Inc. Company Information

    • 11.9.2 Kepler Communications Inc. Satellite-Based IoT Service Product Offered

    • 11.9.3 Kepler Communications Inc. Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.9.4 Kepler Communications Inc. Main Business Overview

    • 11.9.5 Kepler Communications Inc. Latest Developments

  • 11.10 Lacuna Space

    • 11.10.1 Lacuna Space Company Information

    • 11.10.2 Lacuna Space Satellite-Based IoT Service Product Offered

    • 11.10.3 Lacuna Space Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.10.4 Lacuna Space Main Business Overview

    • 11.10.5 Lacuna Space Latest Developments

  • 11.11 Myriota

    • 11.11.1 Myriota Company Information

    • 11.11.2 Myriota Satellite-Based IoT Service Product Offered

    • 11.11.3 Myriota Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.11.4 Myriota Main Business Overview

    • 11.11.5 Myriota Latest Developments

  • 11.12 Orbcomm Inc.

    • 11.12.1 Orbcomm Inc. Company Information

    • 11.12.2 Orbcomm Inc. Satellite-Based IoT Service Product Offered

    • 11.12.3 Orbcomm Inc. Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.12.4 Orbcomm Inc. Main Business Overview

    • 11.12.5 Orbcomm Inc. Latest Developments

  • 11.13 OQ Technology

    • 11.13.1 OQ Technology Company Information

    • 11.13.2 OQ Technology Satellite-Based IoT Service Product Offered

    • 11.13.3 OQ Technology Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.13.4 OQ Technology Main Business Overview

    • 11.13.5 OQ Technology Latest Developments

  • 11.14 Thales

    • 11.14.1 Thales Company Information

    • 11.14.2 Thales Satellite-Based IoT Service Product Offered

    • 11.14.3 Thales Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.14.4 Thales Main Business Overview

    • 11.14.5 Thales Latest Developments

  • 11.15 Thuraya

    • 11.15.1 Thuraya Company Information

    • 11.15.2 Thuraya Satellite-Based IoT Service Product Offered

    • 11.15.3 Thuraya Satellite-Based IoT Service Revenue, Gross Margin and Market Share (2021-2026)

    • 11.15.4 Thuraya Main Business Overview

    • 11.15.5 Thuraya Latest Developments

• 12 Research Findings and Conclusion