Direct-to-Handset and IoT Could Be $9B Annual Opportunity by 2030: Kaleido

Revenue from direct-to-satellite connectivity for mobile phones and IoT could reach $9 billion annually for satellite operators by 2030, Kaleido Intelligence said Wednesday. There could be as many as 460 million IoT connections by then, it said. Services this year mainly are smartphone messaging applications and support for limited sensor-based applications for narrowband IoT devices, with higher throughput services not gaining traction until around 2026, it said. The 3rd Generation Partnership Project's Release 18 for non-terrestrial networks could lead to better monetization opportunities, it said.