Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Service Type (Satellite IoT Backhaul, Direct-to-satellite), By Frequency Band (L-Band, Ku-and Ka-Band, S-Band, Other Bands), By Organization Size (Large Enterprises, Small & Medium Sized Enterprises), By Vertical (Maritime, Oil & Gas, Transportation & Logistics, Energy & Utilities, Agriculture, Healthcare, Military & Defense, Other Verticals) And Competitive Landscape
Product Code: ETC4609344 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Europe Satellite IoT Market |
Forecast period | 2025-2031 |
CAGR | 4.2% |
Growing Sector | Agriculture |
Europe Satellite IoT Market report thoroughly covers the market by countries, by service type, by frequency band, by organization size, and by vertical. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Internet of Things (IoT) has become increasingly prevalent today. IoT allows for the connection of everyday devices to the internet, allowing for data to be collected and analyzed in real-time. Furthermore, the integration of satellite IoT with next-generation technologies like 5G and AI promises to unlock new possibilities in remote monitoring, asset tracking, and data analytics, cementing satellite IoT's role in the future of connected technologies.
According to 6Wresearch, the Europe Satellite IoT Market size is estimated to reach at a CAGR of 4.2% during the forecast period 2025-2031. One major driver is the increasing demand for reliable and secure communication networks, especially in remote and rural areas where traditional terrestrial networks may not be available or feasible. Satellite technology offers a solution for connecting these hard-to-reach areas, providing access to IoT devices and data collection. Additionally, the rise of smart cities and smart agriculture initiatives in Europe is also driving the need for satellite IoT. These programs require real-time data collection from various sensors and devices, which can be facilitated by satellite connectivity. Another key driver is the decreasing cost of satellite technology. With advancements in satellite miniaturization and launch capabilities, the cost of launching satellites has significantly decreased, making it a more viable option for IoT connectivity. These factors are proliferating the Europe Satellite IoT Market growth.
Recognizing the potential of satellite IoT in driving innovation and economic growth, European governments have introduced various initiatives to support the sector. These include funding for research and development of satellite technologies, regulatory support for satellite launches, and programs aimed at fostering partnerships between public and private entities in the satellite IoT ecosystem.
The Europe satellite IoT market is home to a mix of established space companies and emerging startups. Major players include Thales Alenia Space, a Franco-Italian aerospace manufacturer known for its expertise in satellite systems, and Airbus Defence and Space, which offers a range of satellite-based services for IoT applications.
The Europe satellite IoT industry is poised for substantial growth, driven by increased investment, technological advancements, and expanding application areas. With the continuous miniaturization of satellites and the advent of more cost-effective launch services, satellite IoT is becoming increasingly accessible to a wider range of users and industries.
According to Shivankar, Research Manager, 6Wresearch, Germany stands out as the country exhibiting significant growth. This growth is fueled by the country's robust aerospace infrastructure, strong governmental support, and a vibrant ecosystem of innovative startups and research institutions focused on satellite technology.
Based on the application, the Agriculture industry is experiencing consistent growth due to the increasing adoption of precision agriculture practices, driven by the need for sustainability and efficiency in food production. Satellite IoT technology is proving to be pivotal in this revolution, offering farmers and agribusinesses unprecedented capabilities in crop monitoring, soil health assessment, and resource management.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Satellite IoT Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Satellite IoT Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Satellite IoT Market - Industry Life Cycle |
3.4 Europe Satellite IoT Market - Porter's Five Forces |
3.5 Europe Satellite IoT Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Satellite IoT Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.7 Europe Satellite IoT Market Revenues & Volume Share, By Frequency Band, 2021 & 2031F |
3.8 Europe Satellite IoT Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 Europe Satellite IoT Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Europe Satellite IoT Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Satellite IoT Market Trends |
6 Europe Satellite IoT Market, 2021 - 2031 |
6.1 Europe Satellite IoT Market, Revenues & Volume, By Service Type, 2021 - 2031 |
6.2 Europe Satellite IoT Market, Revenues & Volume, By Frequency Band, 2021 - 2031 |
6.3 Europe Satellite IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
6.4 Europe Satellite IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
7 Germany Satellite IoT Market, 2021 - 2031 |
7.1 Germany Satellite IoT Market, Revenues & Volume, By Service Type, 2021 - 2031 |
7.2 Germany Satellite IoT Market, Revenues & Volume, By Frequency Band, 2021 - 2031 |
7.3 Germany Satellite IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
7.4 Germany Satellite IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
8 United Kingdom Satellite IoT Market, 2021 - 2031 |
8.1 United Kingdom Satellite IoT Market, Revenues & Volume, By Service Type, 2021 - 2031 |
8.2 United Kingdom Satellite IoT Market, Revenues & Volume, By Frequency Band, 2021 - 2031 |
8.3 United Kingdom Satellite IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
8.4 United Kingdom Satellite IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
9 France Satellite IoT Market, 2021 - 2031 |
9.1 France Satellite IoT Market, Revenues & Volume, By Service Type, 2021 - 2031 |
9.2 France Satellite IoT Market, Revenues & Volume, By Frequency Band, 2021 - 2031 |
9.3 France Satellite IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
9.4 France Satellite IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
10 Italy Satellite IoT Market, 2021 - 2031 |
10.1 Italy Satellite IoT Market, Revenues & Volume, By Service Type, 2021 - 2031 |
10.2 Italy Satellite IoT Market, Revenues & Volume, By Frequency Band, 2021 - 2031 |
10.3 Italy Satellite IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
10.4 Italy Satellite IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
11 Russia Satellite IoT Market, 2021 - 2031 |
11.1 Russia Satellite IoT Market, Revenues & Volume, By Service Type, 2021 - 2031 |
11.2 Russia Satellite IoT Market, Revenues & Volume, By Frequency Band, 2021 - 2031 |
11.3 Russia Satellite IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
11.4 Russia Satellite IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
12 Spain Satellite IoT Market, 2021 - 2031 |
12.1 Spain Satellite IoT Market, Revenues & Volume, By Service Type, 2021 - 2031 |
12.2 Spain Satellite IoT Market, Revenues & Volume, By Frequency Band, 2021 - 2031 |
12.3 Spain Satellite IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
12.4 Spain Satellite IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
13 Rest of Europe Satellite IoT Market, 2021 - 2031 |
13.1 Rest of Europe Satellite IoT Market, Revenues & Volume, By Service Type, 2021 - 2031 |
13.2 Rest of Europe Satellite IoT Market, Revenues & Volume, By Frequency Band, 2021 - 2031 |
13.3 Rest of Europe Satellite IoT Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
13.4 Rest of Europe Satellite IoT Market, Revenues & Volume, By Vertical, 2021 - 2031 |
14 Europe Satellite IoT Market Key Performance Indicators |
15 Europe Satellite IoT Market - Opportunity Assessment |
15.1 Europe Satellite IoT Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Satellite IoT Market Opportunity Assessment, By Service Type, 2021 & 2031F |
15.3 Europe Satellite IoT Market Opportunity Assessment, By Frequency Band, 2021 & 2031F |
15.4 Europe Satellite IoT Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
15.5 Europe Satellite IoT Market Opportunity Assessment, By Vertical, 2021 & 2031F |
16 Europe Satellite IoT Market - Competitive Landscape |
16.1 Europe Satellite IoT Market Revenue Share, By Companies, 2024 |
16.2 Europe Satellite IoT Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |