Novaspace’s Latest Report Projects Over $70 Billion in D2D Revenue Generation Over the Next Decade
Paris, December 10, 2024 – Novaspace, leader in space consulting and market intelligence, has released the 9th edition of its report Prospects for Direct to Handheld and IoT Markets. The study projects the direct-to-device satellite connectivity market to grow from $1.5 billion today to nearly $15 billion by 2033, fueled by rapid advancements in technology and expanding satellite networks.
Key Findings
• 425 million monthly users will connect to direct-to-phone services by 2033.
• $42 billion in direct-to-phone service revenues alone expected over the next decade, a 33% upward revision.
• Over $1.7 billion in investments this year and the availability of 20+ satellite-compatible smartphones are accelerating growth.
“The rapid evolution of direct-to-device satellite connectivity marks a transformative shift in global communications,” states Sumaiya Najarali, Novaspace Senior Consultant. “With the potential to connect hundreds of millions of users and generate billions in revenue, this market bridges connectivity gaps and expands networks.”
The report also highlights strong growth in satellite cellular IoT, with hundreds of millions of compatible devices expected by 2029. Traditional handheld phones are projected to decline sharply as emerging satellite-enabled services are adopted.
About the Report
Novaspace’s Prospects for Direct to Handheld and IoT Markets, 9th Edition provides an in-depth analysis of direct-to-phone services, including their addressability in regions with limited mobile network coverage and large rural populations. It highlights recent investments, commercial contracts, and partnerships by leading players such as AST SpaceMobile, Globalstar, Lynk, and Starlink.
The report examines growth opportunities and challenges in the handheld and IoT markets, offering forecasts for devices, service revenues, and market verticals by region. It also explores emerging applications such as connected cars and wearables.
A free extract of the report is available for download.
