Home > Aerospace & Defense > Aviation Technology > Geostationary Orbit (GEO) Satellite IoT Market

Geostationary Orbit (GEO) Satellite IoT Market Share

Report ID: GMI11338
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Geostationary Orbit Satellite IoT Market Share

Lockheed Martin Corporation and Northrop Grumman Corporation are leaders in the GEO satellite IoT market, leveraging their extensive expertise in satellite design and space systems. Lockheed Martin excels in developing advanced GEO satellites for communications and defense applications, while Northrop Grumman is known for its innovative satellite technologies and space solutions. Both companies are crucial in advancing GEO satellite capabilities and integrating them into broader IoT networks. Their continued investment in R&D and strategic partnerships enhance their market positions and drive innovation in satellite connectivity.

SpaceX, Thales Alenia Space, Airbus Defence and Space, OneWeb, each play pivotal roles in the satellite and IoT sectors. SpaceX, with its reusable rockets, revolutionizes satellite deployment, making GEO and LEO satellite launches more cost-effective. Thales Alenia Space and Airbus Defence and Space provide cutting-edge satellite technology and solutions, supporting various GEO applications. OneWeb focuses on expanding global connectivity through satellite constellations. Collectively, these companies drive the evolution of satellite-based IoT services, enhancing global connectivity and performance.

Geostationary Orbit Satellite IoT Market Companies

Major players operating in the GEO satellite IoT industry are:

Lockheed Martin Corporation
Northrop Grumman Corporation
SpaceX
Thales Alenia Space
Airbus Defence and Space
OneWeb

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Geostationary orbit (GEO) satellite IoT market size was USD 134.1 million in 2023 and is expected to register over 20% CAGR from 2024-2032 due to the increasing need for global connectivity.

GEO satellite IoT industry from the direct-to-satellite segment held over 50% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to reshaping the connectivity landscape by enabling devices to establish a direct communication link with satellites.

North America industry held over 41% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to advanced infrastructure and high demand for reliable connectivity in the region.

Lockheed Martin Corporation, Northrop Grumman Corporation, SpaceX, Thales Alenia Space, Airbus Defence and Space, and OneWeb, are some of the major geostationary orbit (GEO) satellite IoT companies worldwide.