Canada Satellite IoT Market Size, Share, and COVID-19 Impact Analysis, By Service Type (Direct-to-Satellite and Satellite IoT Backhaul), By Frequency Band (L-Band, Ku and Ka-Band, S-Band, and Others), By Enterprise Size (Large Enterprise and Small and Medium-sized Enterprise), and Canada Satellite IoT Market Insights, Industry Trend, Forecasts to 2033

Canada Satellite IoT Market Insights Forecasts to 2033

• The Canada Satellite IoT Market Size was valued at USD 16.17 Million in 2023.
• The Market is Growing at a CAGR of 14.87% from 2023 to 2033
• The Canada Satellite IoT Market Size is Expected to Reach USD 64.68 Million by 2033

The Canada Satellite IoT Market is anticipated to reach USD 64.68 Million by 2033, growing at a CAGR of 14.87% from 2023 to 2033.

Market Overview

Canada satellite IoT market refers to the use of satellite communication technology to connect IoT devices across remote or underserved areas in Canada. This market enables data transmission and real-time monitoring for industries such as agriculture, energy, transportation, and logistics, by leveraging satellite networks to provide connectivity where traditional terrestrial networks are unavailable or unreliable. Industries such as agriculture, oil and gas, logistics, and transportation are increasingly adopting IoT technologies to optimize operations. Satellite IoT enables real-time monitoring of assets and resources in remote locations, improving operational efficiency. The Canadian government has been supporting the growth of the satellite IoT market through various initiatives. For example, it introduced a new policy to improve wireless services using satellite technology, especially in remote areas and Indigenous communities where traditional mobile networks may not reach. The Canadian Space Agency (CSA) has also funded projects to help companies develop small satellite technologies, promoting innovation in satellite IoT applications.

Report Coverage

This research report categorizes the market for the Canada satellite IoT market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada satellite IoT market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada satellite IoT market.

Driving Factors

The increasing demand for reliable and widespread connectivity, especially in rural, remote, and northern regions, has made satellite-based solutions an attractive alternative to traditional network infrastructure. Satellite IoT provides an effective way to bridge connectivity gaps where terrestrial networks are limited or unavailable. Also, advancements in satellite technology, particularly in small satellite development, are driving more affordable and scalable solutions for IoT applications. With smaller, cost-efficient satellites, companies can offer global IoT coverage at lower operational costs.

Restraining Factors

Concerns about space remains and the sustainability of satellite constellations present growing environmental and logistical challenges that could hinder long-term market growth if not properly addressed.

Market Segmentation

The Canada satellite IoT market share is classified into service type, frequency band, and enterprise size.

• The direct-to-satellite segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Canada satellite IoT market is segmented by service type into direct-to-satellite and satellite IoT backhaul. Among these, the direct-to-satellite segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. The growth in segment is because it allows IoT devices to communicate directly with satellites, bypassing the need for terrestrial networks or ground stations. It is especially useful in remote or rural areas where traditional infrastructure is lacking.

• The Ku and Ka-band segment accounted for the largest share in 2023 and is expected to grow at a substantial CAGR during the forecast period.

The Canada satellite IoT market is segmented by frequency band into L-band, Ku and Ka-band, S-band, and others. Among these, the Ku and Ka-band segment accounted for the largest share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The segment is driven because the Ku-band operates between 12 GHz and 18 GHz, while the Ka-band spans from 26.5 GHz to 40 GHz. These frequency bands offer higher data transfer rates, making them suitable for applications requiring substantial bandwidth, such as satellite communications and high-resolution imaging.

• The large enterprise segment accounted for the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Canada satellite IoT market is segmented by enterprise size into large enterprise and small and medium-sized enterprise. Among these, the large enterprise segment accounted for the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period. The growth is driven as large enterprises typically have greater financial resources, which allow them to invest in advanced technologies like satellite IoT for a wide range of applications such as supply chain management, remote monitoring, asset tracking, and operational efficiency across multiple locations.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada satellite IoT market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• INMARSAT GLOBAL LIMITED
• Thales
• ORBCOMM
• Iridium Communications Inc.
• OQ Technology
• Intelsat
• Globalstar
• Eutelsat Communications S.A.
• Astrocast
• Airbus
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2025, APAL unveiled the Hestia NTN IoT Dongle at Satellite. This product integrates satellite communications with terrestrial networks, providing stable connectivity for remote areas and global IoT demands.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada satellite IoT market based on the below-mentioned segments:

Canada Satellite IoT Market, By Service Type

• Direct-to-Satellite
• Satellite IoT Backhaul

Canada Satellite IoT Market, By Frequency Band

• L-Band
• Ku and Ka-Band
• S-Band
• Others

Canada Satellite IoT Market, By Enterprise Size

• Large Enterprise
• Small and Medium-sized Enterprise