Satellite Internet Market Driven by Growing Usage of IoT devices

The potential growth difference for the satellite internet market between 2022 and 2027 is USD 4.48 billion. A growing number of IoT devices is one of the major factors driving the growth of the global satellite internet market.

Mobile edge computing is evolving with the integration of IoT devices. The devices include routers, integrated access devices, routing switches, multiplexers, cloud services and resources, and various wide-area network access devices. Furthermore, the proximity of users allows the use of available resources on satellite internet and by connecting directly to the network edge, Satellite Internet will enable billions of connected IoT devices to run compute-intensive applications in real-time in end-user industries. Hence, such factors drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

The influence of bad weather on satellite internet is a major challenge impeding the growth of the global satellite internet market.
 

There are some satellite internet systems, which shut down when the weather gets too hot. For instance, Starlink, one of SpaceX Exploration Technologies Corp, developed and operated a satellite internet constellation that shuts down when the temperature reaches 122 degrees Fahrenheit and restarts when the temperature drops to 104 degrees Fahrenheit.
 

Thus, it is quite a challenge for people living in hot climates, and the temperature limitation could effectively render satellite internet systems useless during periods of high temperatures.

The satellite internet market is segmented by End-user (Commercial and Non-commercial), Type (K-band, X-band, L-band, and C-band), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

By End-user, the market share growth by the commercial segment will be significant for overall market growth during the forecast period. Governments worldwide are increasingly investing in satellite broadband technology to provide broadband services in all regions and depend only on frontline technology to connect rural areas to the broadband network in the segment. For example, in September 2022, Hughes Communications India announced the commercial release of the HTS internet service in India, which combines ground-based Hughes Jupiter Platform technology with the K-band satellite frequency on GSAT-29 and GSAT-11. The service is operated by the Indian Space Research Organization (ISRO) to provide high-speed internet connectivity all over India. Hence, such factors drive segment growth during the forecast period.

By Geography, North America is estimated to contribute 45% to the growth of the global market during the forecast period.