Once dismissed as hype – the planning of these constellations has come a long way. Is it finally time for smallsat IoT to shine, and how should it move forward in an era of COVID-19?
NSR found the Land Mobile via satellite will reach an inflection point where the change in the revenue mix will undergo quite a profound shift from narrowband technologies to broadband platforms and use cases. So, what does this mean for satellite operators and services providers?
Yahoo! Finance: ST Engineering iDirect Previews IoT Platform-as-a-Service Solution at SATELLITE 2020
“According to a Northern Sky Research report, the global commercial satellite IoT market is expected to grow to about $1.4b by the end of 2028,” said Thomas Van den Driessche, President of the Executive Strategic Board and Chief Commercial Officer of ST Engineering iDirect.
Discussing Satellite-based IoT, forecasts like those from Northern Sky Research (NSR) predict 30 billion IoT devices in total will be online by the middle of the next decade… NSR also estimates that the satcom IoT pie will have grown to US$5 billion by 2025.
Northern Sky Research (NSR) points out that while the majority of connected IoT devices will connect via terrestrial means, there remains a niche for low cost satcom services to deliver uninterrupted connectivity for devices operating outside of terrestrial network footprints and move in and out of terrestrial networks.