According to Northern Sky Research (NSR), the smallsat IoT business is on the way to becoming a $1 billion market in just eight years. New Space startups in this area are increasing their momentum of building constellations and developing technologies, aiming to provide keener competition with the big satellite companies. These predictions, IoT applications, and more were.
A lot has changed in the smallsat IoT market in the last year, with a plethora of IoT smallsat launches, a number of new funding rounds, and a major acquisition as well. This market is heating up, and although there have been some delays from COVID-19, particularly with launches and chip supply issues, substantial progress.
NSR’s M2M and IoT via Satellite, 12th Edition ( M2M12 ) report, published today, forecasts the dedicated IoT constellations market reaching $990 million in annual total retail revenues by 2030, reflecting ~44 % of the total satcom IoT market. Due to the low cost of Smallsat IoT terminals and ongoing subscription fees to end users,.
New NSR Report Sees Total Smallsat IoT Units Reaching 71% of Global Satcom M2M/IoT Units by 2030 Cambridge, MA – August 31, 2021 – NSR’s M2M and IoT via Satellite, 12th Edition (M2M12) report, published today, forecasts the dedicated IoT constellations market reaching $990 million in annual total retail revenues by 2030, reflecting ~44 %.
As the Space and Satellite Industry starts to meet again “in-person” at events like the 36th Annual Space Symposium – just what does the future look like for the space economy? 2020 and 2021 have been transformative years characterized by a truly massive number of satellites launched by ‘new players’ such as SpaceX’s Starlink, a.