Global Connectivity Demands Fuel Rapid Growth of Satellite IoT Market to a US$4 Billion Frontier by 2030 [Yahoo! Finance]
Globalstar, Inc. (GSAT)
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Source: Yahoo! Finance
As the world becomes more interconnected, the limitations of terrestrial networks become apparent, particularly in remote and underserved regions. This is where satellite IoT steps in, bridging the gap with its ability to provide widespread, reliable connectivity across the globe. Global technology intelligence firm ABI Research forecasts the market to surge past the US$4 billion mark by 2030, signaling significant growth potential in the market. "The rapid growth of the satellite IoT market is fueled by several factors, including the decreasing cost of satellite launches, advancements in satellite technology, such as low-earth orbit (LEO) constellations, CubeSats, and Nanosatellites, and increasing demand for untethered connectivity and remote asset management," explains Victor Xu , Satellite Communications Research Analyst at ABI Research. Technological advancements in IoT devices have made new use cases for satellite IoT emerge at an unprecedented rate, from precision agricultu
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News
- Globalstar Celebrates 10,000 Rescue Milestone with SPOT Brand Giveaway [Yahoo! Finance]Yahoo! Finance
- Globalstar Celebrates 10,000 Rescue Milestone with SPOT Brand GiveawayBusiness Wire
- Globalstar to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Globalstar to Participate in Upcoming Investor ConferencesBusiness Wire
- Global Connectivity Demands Fuel Rapid Growth of Satellite IoT Market to a US$4 Billion Frontier by 2030PR Web
GSAT
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- 2/28/24 - Miss
GSAT
Sec Filings
- 4/30/24 - Form 8-K
- 4/26/24 - Form EFFECT
- 4/12/24 - Form POS
- GSAT's page on the SEC website