Satellites, Sensors, and the Next $4 Billion Boom: Inside the 2025–2031 IoT Space Race
By 2030, satellite-connected IoT devices are projected to exceed 26 million and the market is expected to reach about $4 billion. The 3GPP Release-17 NTN standards were finalized in 2022, enabling a single IoT module to operate on both cellular and satellite networks. By 2027, 5G NR-NTN standards under 3GPP Releases 18 and 19 will standardize high-speed satellite IoT links.…