Happy Thursday, y’all.
Let’s talk about satellite connectivity harnessed for Internet of Things-based applications; for short, it’s referred to as satIoT.
SatIoT technology allows devices to connect to the internet (and to other devices; that’s an aspect of direct M2M communication) through satellite networks, which use low-power, low-bandwidth protocols to transmit data. According to Meticulous Research (read a related article we put together here), satIoT devices “can facilitate data exchange in remote areas, where traditional networks prove unreliable.” SatIoT benefits the Internet of Things, the Industrial Internet of Things (IIoT), the Artificial Intelligence of Things (AIoT) and much more; sensors, trackers and other devices can properly operate in areas where cellular (or other terrestrial networks) are unavailable. Hence, the power of non-terrestrial network (NTN) capabilities. Experts also say that satIoT is particularly useful in agriculture, transportation and energy, given how assets are distributed over far-spanning geographic areas and require real-time data monitoring and analysis to maximize efficiency.
We’d be here for hours if I were to run through the entire rundown, but you get the idea. SatIoT is an option for facilitating excellent device interconnectivity; that’s the gist.
As mentioned, this ain’t our first satIoT rodeo, either. Below, you’ll find a handful of IoT Evolution World stories we’ve already penned on the subject:
And earlier this month, intelligence firm ABI Research shared findings that add to those from Meticulous Research with new data:
According to the firm, the satIoT market is projected to surpass 26 million connections by 2030, representing a forecasted market size of $4 billion. (For context, previous numbers had estimated it closer to $2.9 billion. Both are colossal-in-nature numbers, to be sure; this just furthers experts’ takes on the value of satellite IoT implementations.)
Victor Xu, Satellite Communications Industry Analyst at ABI Research, backed this data up, citing another specific market opportunity for satIoT.
“Satellite IoT is expected to play a valuable role in agribusiness; precision farming, yield prediction and analysis, livestock management, and optimized irrigation can become more sustainable and profitable practices.,” Xu explained. “SatIoT has also been transforming fisheries and aquaculture operations by enabling real-time Vessel Monitoring Systems (VMS), effective fish stock management, and comprehensive water quality monitoring, at the same time ensuring sustainability and regulatory compliance. These advancements represent a significant opportunity given the industry's vast scale.”
Surely, we’ll have more to share on the satIoT front in the coming months. Stay tuned.
Those interested in perusing the full report can find it here.
Edited by
Greg Tavarez
