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Global Connectivity Demands Fuel Rapid Growth of Satellite IoT Market to a US$4 Billion Frontier by 2030

driving down costs for satellite services. Furthermore, the region's strong presence in key outdoor IoT industries such as agriculture and oil and gas, combined with a favorable regulatory environment, solidify its position."

The Asia-Pacific region is projected to be the fastest-growing market due to several key factors, such as rapid urbanization and industrialization, increasing investments in space technology in China (G60 Starlink and China SatNet (Guowang) LEO mega-constellations), a booming agricultural sector, and rapid economic growth.

The standardized satellite communication technologies, multi-technology/orbit connectivity solutions, and satellite IoT integration with terrestrial 5G networks (NTN) are the key trends with significant opportunities for innovation and growth in the market. Xu concludes, "With the ongoing expansion of the satellite IoT market, the potential of this technology for innovative use cases is limitless, and the diverse applications of satellite IoT will drive the overall market." 

These findings are from ABI Research's Satellite Communications: IoT Deployments & Subscriptions market data report. This report is part of the company's Satellite Communications research service, which includes research, market data, and analyst insights. Market Data spreadsheets comprise deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie.

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