Growth Opportunities Driven by Innovation Culture, Resulting in Increased IoT Adoption

The market landscape is expanding, with successful satellite launches and services being operational by new participants.

The planned constellation size for IoT applications is between 2 and 600 satellites, including subsequent phases of the constellation. These constellations are driving down connectivity costs, thus lowering the cost of end-to-end solutions.

The key applications that satellite operators are focusing on include maritime, agriculture, mass transport, governance, and aviation. Market drivers include the increased adoption of smart technologies, increased adoption of predictive analytics for predictive maintenance, low cost and miniaturization of sensors, long battery life, and adoption of dynamic and robust business models.