IoT/M2M/V2V Channel

The number of satellite IoT subscribers to reach 15.7 million in 2025

The global satellite IoT communications market is growing at a good steady pace. Despite the impact of the COVID-19 pandemic, the global IoT subscriber base grew to surpass 3.4 million in 2020. The installed base of satellite IoT connections will increase at a compound annual growth rate (CAGR) of 35.8 percent to reach 15.7 million units in 2025.

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