Satellites could claim larger share of booming IoT market

The satellite industry could capture two percent of the growing internet-of-things (IoT) market, if companies take a series of steps to appeal to potential customers, said Justin Cadman, partner at Quilty Analytics, a research and consulting firm based in St. Petersburg, Florida, focused on satellites and the space industry.“We are quite bullish on this opportunity both for incumbent players and some of the new entrants,” Cadman said Oct. 9 at the Satellite Innovation 2019 conference here. Incumbent players include Iridium Communications, Globalstar, Orbcomm and Inmarsat. Quilty Analytics is tracking about two dozen companies seeking to enter the satellite IoT market.