Satellite IoT Module Market Set to Reach USD 7.5 Billion by 2032, Driven by Expanding IoT Connectivity and Advanced Satellite Networks

According to Market Intelo, the global Satellite IoT Module market was valued at USD 2.1 billion in 2023 and is expected to reach USD 7.5 billion by 2032, growing at a CAGR of 14.2% during the forecast period (2024–2032).

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As per our latest market intelligence, the Global Satellite IoT Module market size was valued at $1.93 billion in 2024, and is forecasted to hit $7.62 billion by 2033, growing at a robust CAGR of 16.5% during the forecast period.