#Factoftheweek
32.5 million units by 2029.
Global Subscriber Base
41% growth rate
The global subscriber base surpassed 5.8 million units in 2024 and is expected to grow to 32.5 million units by 2029—a roughly 41% growth rate, according to Berg Insight.
Consider this:
- Only about 10% of the Earth’s surface has reliable terrestrial connectivity.
- Key use cases could include agriculture, asset tracking, maritime, intermodal transport, oil and gas exploration, utilities, construction, and government, just to name a few.
- New entrants are lowering costs and opening up higher volume and lower-margin applications.
Hybrid connectivity—satellite and terrestrial IoT—is becoming more critical, especially in remote areas.
Makes us all think about the biggest technical or regulatory hurdles for scaling.
Which industries will see the most disruption or opportunity? Will hybrid models evolve?
What use cases are the most compelling?
#SatelliteIoT #hybridconnectivity