Satellite Internet of Things Adoption to Spread: Counterpoint

Expect satellite IoT adoption to take off due to standardization advancements, Counterpoint said Friday. The Third Generation Partnership Project's Release 17 in 2022 enables hardware solutions that support both cellular and satellite connectivity, it said. The forthcoming new radio non-terrestrial networks standard, expected to enter commercialization with Releases 18 and 19 by 2027, should drive IoT adoption in applications requiring real-time and high-speed data, it said. The number of satellite IoT connections in the world will reach 41 million units in 2030, up from 3.6 million in 2020, it added.