Satellites, Sensors, and the Next $4 Billion Boom: Inside the 2025–2031 IoT Space Race
Satellite-connected IoT devices are projected to surpass 26 million by 2030, with the market reaching about $4 billion. 3GPP Release-17 NTN standards, finalized in 2022, allow single modules to operate on both cellular and satellite networks. North America accounted for 49% of global Satellite IoT revenue in 2024. Sateliot raised €70 million to deploy its 5G-IoT nanosatellite constellation.