Smallsat IoT to Become a $1 Billion Annual Market

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 %.

Ku-band: The Other Side of IoT

MSS satellite services, and smallsats are generally the main focus for M2M and IoT nowadays, with narrowband applications being well suited to these technology types. However, NSR also covers the Ku-band and VSAT M2M/IoT markets, which currently take up approximately 21% of overall revenues for satcom M2M/IoT.