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Satellite IoT: The Rise of Commercial Satellite Applications

December 09, 2019 / Guest Columnist

The satellite industry has been leveraging various commercial opportunities from a variety of industrial sectors. One of the emerging satellite applications, the Internet of Things (IoT), is set to grab a significant chunk of markets such as transportation, forestry and automobiles. According to government sources, there are currently more than 2.5bn people and approximately 20bn human-made objects connected to the internet. These objects include everything from cars to manufacturing plants. The satellite IoT market has taken off on a downstream level, while the upstream level is about more innovative and commercial approaches for the downstream market.