Satellite IoT for Agriculture Market Size, Share, Opportunities, and Trends by Component (Hardware, Software, Services), by Farm Type (Large Farm, Small and Medium Farm), by Application (Precision Crop Farming, Livestock Monitoring, Smart Greenhouse, Indoor Farming, Others), and by Geography – Forecasts from 2025 to 2030

Satellite IoT for Agriculture Market Size:

The satellite IoT for agriculture market is expected to increase at a CAGR of 11.01% during the forecasted period (2025-2030). 

The satellite IoT for agriculture market is expected to increase substantially, due to diverse factors, primarily with the increasing requirement for connectivity in remote areas like terrestrial regions. The rise in network coverage demand will lead to an increase satellite IoT solutions necessity offering reliable options such as livestock monitoring, irrigation management, and precision farming. The rising adoption of precision farming and the integration of smart farming are also contributing to increasing the demand for the application of IoT satellites in the coming years. This is to provide real-time connectivity of IoT sensors with satellite to optimize the data integration and management of water, pesticides, and fertilizers utilized in agriculture.

Satellite IoT for Agriculture Market Overview & Scope:

The satellite IoT for agriculture market is segmented by:

• Component: The hardware is dominating the component segment in the market, as it is a critical infrastructure for the satellite IoT communication in Agriculture. This is inclusive of components like GPS receivers, drones, sensors, and satellite communication modules, which are necessary for the collection of real-time data on crop health, soil moisture, and weather conditions, among other applications, thus promoting the sensor growth.
• Farm Type: The large farm segment holds a major growth driver in the market, driven by the presence of large financial resources for investment in high-cost satellite IoT systems, which is inclusive of all products like hardware, software, and external connectivity infrastructure. This boosts the adoption of satellite IoT technologies. 
• Application: Among the application subsegments, the precision crop farming due to the rise in demand for sustainable farming practices globally, together with the efficiency in productivity, which is propelling the segment requirement in the coming year. 
• Region: The Asia Pacific region is predicted to be the fastest-growing market for satellite IoT agriculture. This is due to rapid rise in population and the growing investment and support for the adoption of sustainable and digital practices in agriculture, for instance, as the Indian government is increasing promotion the smart farming practices with its Digital Agriculture Mission, which promotes the adoption of innovation and technology in the country’s agriculture sector.

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Top Trends Shaping the Satellite IoT for Agriculture Market:

1. Rise in Precision Agriculture and Real-Time Data Analysis

• The growing advancement of satellite IoT technology is providing advancements in precision agriculture by offering real-time solutions like temperature and humidity analysis, crop health, and soil moisture data. This trend is expected to promote the integration of satellite IoT sensors and imaging devices for farmers to optimize resources, reduce water waste, and increase their yields.

2. Growing Integration of Artificial Intelligence (AI) and Machine Learning (ML)

• The rise in trend for integrating AI and machine learning in satellite IoT solutions for transforming data analysis is rising across the globe. These AI algorithm works in collecting and processing satellite data to provide data-based predictions on crop yield. Optimization of the use of fertilizers and detection of pests in the far. This trend works to increase efficiency and sustainability while monitoring crop health.

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Satellite IoT for Agriculture Market Growth Drivers vs. Challenges:

Drivers:

• Increase Requirement for Sustainability and Efficient Farming Practices: There is a consistent growth in the demand for sustainability in food production. This is also propelled by the rise in population globally is significantly growing the pressure for food production sustainability, propelling the market forward. For instance, as per the data from World Population Review, the total population globally is expected for 8 billion in 2025, with about 140 billion babies being born annually. Moreover, this is expected to witness continuous growth to account for 8.5 billion by 2030 as per the data of the United Nations published in the World Population Prospects report. The same source also reports that this will grow to account for 9.7 billion by 2050. The increased focus on sustainability in agriculture will increase the integration of satellite IoT for quick decision making for the mitigation of environmental impact, such as a smart irrigation system, along with optimization of resources.
• Rise in Adoption of Precision Farming: There is an increase in the adoption of satellite IoT connecting hardware like sensors among farmers for precise farming. This system adoption in precision farming is dependent on real-time data interpretation for optimizing water, pesticides, and fertilizer utilization. This work addresses concerns related to food security, along with increasing crop yield and the required utilization of water. There is also an increase in government-supported initiatives to accelerate the acceptance of smart farming technologies in the agriculture sector, which is also expected to promote the demand for satellite IoT in this sector. For instance, in September 2024, the Indian government announced the financial expansion of Rs 2,817 crore with the approval of the Digital Agriculture Mission. This mission focuses on the utilization of technology for promoting the farmers' lives and is inclusive of diverse technologies like soil profile mapping for offering reliable and timely data to the agriculture sector of the country.

Challenges:

• High Cost of Initial Implementation- The deployment of satellite IoT solutions in the agriculture sector demands substantial upfront investment costs for the installation of hardware like drones, sensors, and infrastructure of the system, which hinders small and medium-sized holder farmers from investing in this technology, especially those in emerging economies. Further, the cost of training, maintaining, and updating software also adds to the financial cost, causing an additional burden for the smaller farms.

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Satellite IoT for Agriculture Market Regional Analysis:

• North America: The region is estimated to hold the largest market share in the satellite IoT in agriculture market, majorly promoted by the stringent government support for sustainability in farming and agriculture productivity, such as the North America Climate Smart Agriculture Alliance (NACSAA). Additionally, the increase in adoption of precise farming and smart greenhouses in regional countries, majorly the United States and Canada, will further contribute to the demand for satellite IoT in agriculture monitoring, promoting the market during the forecasted period.

Satellite IoT for Agriculture Market Competitive Landscape:

The market is fragmented, with many notable players, including Panasonic Corporation, Thales Group, Viasat, Inc., RTX Corporation, Gogo Inc., Anuvu, Inmarsat, Astronics Corporation, Honeywell International Inc., and Intelsat, among others.

• Collaboration: In April 2024, Intelsat announced the collaboration with CNH for the installation, connection, and operation of CNH farm equipment with a multi-orbit satellite terminal across Brazil. This is developed to offer smart farming satellite connectivity.

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Satellite IoT for Agriculture Market Scope:

Report Metric	Details
Growth Rate	CAGR of 11.01%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Component Farm Type Application Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Satellite IoT for Agriculture Market	Eutelsat Communications SA Myriota Intelsat ORBCOMM SATELIO IOT SERVICES, SL
Customization Scope	Free report customization with purchase

 

Satellite IoT for Agriculture Market Segmentation: 

By Component

• Hardware
• Software
• Services

By Farm Type

• Large Farm
• Small and Medium Farm

By Application

• Precision Crop Farming
• Livestock Monitoring
• Smart Greenhouse
• Indoor Farming 
• Others

By Region

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil 
  • Argentina
  • Others
• Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Others
• Middle East & Africa
  • Saudi Arabia
  • United Aran Emirates
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Others

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK 

5. SATELLITE IOT FOR AGRICULTURE MARKET BY COMPONENT

5.1. Introduction

5.2. Hardware

5.3. Software

5.4. Services

6. SATELLITE IOT FOR AGRICULTURE MARKET BY FARM TYPE

6.1. Introduction

6.2. Large Farm

6.3. Small and Medium Farm

7. SATELLITE IOT FOR AGRICULTURE MARKET BY APPLICATION

7.1. Introduction

7.2. Precision Crop Farming

7.3. Livestock Monitoring

7.4. Smart Greenhouse

7.5. Indoor Farming 

7.6. Others

8. SATELLITE IOT FOR AGRICULTURE MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil 

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East & Africa

8.5.1. Saudi Arabia

8.5.2. United Aran Emirates

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Eutelsat Communications SA 

10.2. Myriota 

10.3. Intelsat 

10.4. ORBCOMM 

10.5. SATELIO IOT SERVICES, SL 

10.6.  Iridium Communications  Inc. 

10.7. Globalstar 

10.8. Lacuna Space 

10.9. Wyld Networks Ltd.

10.10. GAO  Group

10.11. Apogeo Space 

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

Eutelsat Communications SA

Myriota

Intelsat

ORBCOMM

SATELIO IOT SERVICES, SL

 Iridium Communications Inc. 

Globalstar

Lacuna Space

Wyld Networks Ltd.

GAO Group

Apogeo Space