The Future of IoT: How Satellites are Revolutionizing Connectivity
Satellites have been a cornerstone of communication for decades, playing a crucial role in navigation, weather forecasting, surveillance, and TV broadcasting. But what about their role in IoT?
In 2022, there were an estimated 5.23 million satellite-IoT connections worldwide, accounting for less than 0.04% of total IoT device connections. While traditionally seen as a costly alternative, satellite technology is now undergoing a significant transformation.
With the demand for remote IoT deployments on the rise and terrestrial networks covering less than 20% of the Earth’s surface, satellite connectivity is rapidly becoming a necessity in global IoT solutions. This shift is leading to the development of more cost-effective options to bridge the connectivity gap.
Here are three key developments driving this transformation:
1. Increased Compatibility with Low-Power Technologies
Historically, satellite connectivity has been limited to proprietary technologies, hindering cost-effectiveness. However, the compatibility with standard technologies such as NB-IoT and LoRaWAN is opening up opportunities for lower-cost, low-power IoT satellite solutions. This allows businesses to deploy IoT in remote locations that were previously unreachable by terrestrial networks.
2. Rise of Small-Sat Operators
While major satellite operators have dominated the market, small-sat operators specializing in ultra-low orbit nanosatellites are gaining momentum. These operators offer more affordable satellite subscription services, making satellite connectivity more accessible to a wider range of businesses.
3. Hybrid Networks for Cost-Effective Coverage
Roaming devices have posed a challenge for IoT connectivity, especially when crossing borders or entering remote areas without terrestrial coverage. The emergence of multi-profile SIMs in IoT devices enables seamless connectivity to terrestrial networks where available and satellite networks when needed. This hybrid approach significantly reduces costs compared to relying solely on satellite connectivity.
Additionally, cellular hybrid satellite options, including 5G, and LoRaWAN inter-satellite networks are being leveraged to provide global coverage at a fraction of the cost.
For more insights on the evolving landscape of satellite-IoT connectivity and to explore the latest market research, download Beecham Research’s free report – IoT Anywhere: Wireless Data Wherever You Need It.
Written by Sarah Woon, Research Analyst at Beecham Research
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