Satellite Communication Market
Satellite Communication Market Size, Share & Trends Analysis Report by Type (Ground Equipment, and Services), and by End-User (Maritime, Defense & Government, Enterprises, Media & Entertainment, and Others) Forecast Period (2025-2035)
Industry Overview
Satellite communication market was valued at $15,845 million in 2024 and is projected to reach $47,048 million by 2035, growing at a CAGR of 10.4% from 2025 to 2035. Increased broadband access demand, expansion of LEO satellite constellations, and use in military and government applications are driving expansion in broadband services. Satellites are additionally being utilized as 5G backhaul in underpenetrated markets, and the expansion of high-throughput satellites is fueling competition and innovation.
Market Dynamics
Expansion of IoT Devices
The rise in IoT devices globally is boosting the need for uninterrupted connectivity, which is an essential aspect of satellite M2M services. According to the IoT M2M Council (IMC), in July 2024, by the end of 2029, the worldwide M2M (machine-to-machine) satellite communication market will reach around $16.2 billion, indicating a strong growth fueled by technological innovation and growing applications across industries. Advances in high-throughput satellites (HTS), low Earth orbit (LEO) constellations, and AI-based network management solutions have improved communication efficiency, scalability, and cost-effectiveness. The integration of AI and machine learning (ML) in satellite networks has also improved predictive analytics, adaptive bandwidth allocation, and real-time monitoring capabilities.
Increasing Use of Broadband, Satellite Deployments, and Technological Developments
The satellite communications sector has been experiencing unprecedented growth, fueled by accelerating deployments and technological advancements. According to the Satellite Industry Association (SIA), in June 2024, 2,781 commercial satellites were launched in 2023, representing a 20.0% boost compared to the prior year. The record-high 190 launches, the number of satellites in operation grew to 9,691 by the close of the year, an increase of 361.0% in the last five years. This growth has markedly increased global satellite communication capacity. The increase in satellite broadband deployment further emphasizes growth in the sector, with 40.0% revenue and 27.0% growth in subscribers for 2023. The overall space economy added $400 billion, with commercial satellites leading the way at $285 billion or 71.0% market share. Moreover, the satellite ground segment, such as Global Navigation Satellite Services (GNSS) and network equipment, added more than $150.4 billion. Satellite services, especially broadband and remote sensing, were key to earning $110.2 billion in revenue. These technologies are leading innovation in satellite communication, providing secure connectivity for defense, telecommunications, and remote monitoring industries.
Global Satellite Industry Revenues - Ground Equipment and Satellite Services
satellite communication market dynamics
Market Segmentation
- Based on the type, the market is segmented into ground equipment and services.
- Based on the end-user, the market is segmented into maritime, defense & government, enterprises, media & entertainment, and others (aviation, oil & gas, agriculture (precision farming), telemedicine, and education).
Defense & Government: A Key Segment in Market Growth
Government funding, such as higher defense budgets and space policy reforms, is propelling market growth in defense uses. For instance, in February 2025, Japan boosted defense satellite spending to improve space resilience and communications. The Kirameki 3 satellite, the newest in Japan's X-band series, delivers secure, high-speed, and high-capacity communications for the Japan Self-Defense Forces (JSDF). The launch also demonstrates the trustworthiness of Japan's H3 launch vehicle. Japan's space-based defense resources consist of low Earth orbit monitoring satellites for watching out for prospective threats.
Regional Outlook
The global satellite communication market is further divided by geography, including North America (the US and Canada), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), and the Rest of the World (the Middle East & Africa, and Latin America).
North America Region Dominates the Market with Major Share
North America holds a significant share, owing to the integration of 5G, and future mobile standards are essential for market growth as they ensure seamless connectivity with satellite infrastructure. For instance, in January 2025, ISRO launched a communication satellite of US-based firm AST SpaceMobile that aims to provide space-based cellular broadband network services on smartphones.
Market Players Outlook
The major companies operating in the global satellite communication market include Gilat Satellite Networks Ltd., Inmarsat Global Ltd., Iridium Communications Inc., Thales Group, and Viasat, Inc., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
- In February 2025, Viasat, Inc. disclosed that its subsidiary, Inmarsat Government (doing business as Viasat), was granted a Task Order to offer SATCOM services. The contract is under the Proliferated Low Earth Orbit (PLEO) Satellite-Based Services (SBS) Indefinite Delivery, Indefinite Quantity (IDIQ) contract. Initially presented in 2023 to several vendors, this contract was procured by the US Defense Information Systems Agency (DISA) on behalf of the US Space Force and Space Systems Command's (SSC) Commercial Satellite Communications Office (CSCO). This Task Order reflects DISA's dedication to the development of secure and dependable satellite communications for US defense and national security missions.
- In February 2025, Spacecom signed a contract with an African government customer to offer communication services through the AMOS-17 satellite for 12 months. The value of the contract is around $3.8 million. This contract is a key milestone in Spacecom's strategic growth in the African market, solidifying its global position in the satellite services industry. The company is dedicated to providing uninterrupted, quality services using the AMOS-17 satellite, a testament to its focus on quality and reliability as it works for the African government client.
- In January 2025, Gilat Satellite Networks Ltd., in satellite networking solutions, technology, and services, revealed that its wholly owned US-based subsidiary, Gilat DataPath, received US Defense customer orders totaling $4 million from worldwide locations. Orders for Gilat's portable terminals CCT200, CCT120, and QCT90 are expected to be shipped over the course of the next 12 months. The new antenna technology associated with CCT200, CCT120, and QCT90 gives robust, high-rate connectivity under the most extreme operating conditions.
- In October 2024, Iridium Communications Inc. partnered with Nordic Semiconductor for early integration of its Iridium NTN Direct service in Nordic's LTE-M/NB-IoT modules and chipsets. Nordic Semiconductor in low-power wireless connectivity solutions such as cellular IoT (LTE-M, NB-IoT), Wi-Fi, Bluetooth LE, and Thread, and is the preferred partner for global leading brands in the consumer, industrial, and healthcare sectors. Nordic's end-to-end cellular IoT solutions are designed for global tracking, utility metering, and industrial remote monitoring and control of connected devices.
- In September 2024, SoftBank Corp. and Intelsat forged a historic partnership agreement that led to the creation of a single ubiquitous network enabling customers to stay connected wherever they are. SoftBank and Intelsat will engage in joint research and development of seamless 5G connectivity between land mobile networks and satellite communications networks. Through the new alliance, Intelsat and SoftBank are to jointly create a hybrid communications solution that will allow customers to stay connected via current networks, either terrestrial or satellite-based, anywhere in the globe, with the convenience of one device and one account.
The Report Covers
- Market value data analysis for 2024 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global satellite communication market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Global Satellite Communication Market Sales Analysis – Type | End-User ($ Million)
• Satellite Communication Market Sales Performance of Top Countries
1.1. Research Methodology
• Primary Research Approach
• Secondary Research Approach
1.2. Market Snapshot
2. Market Overview and Insights
2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Satellite Communication Industry Trends
2.2.2. Market Recommendations
2.3. Porter's Five Forces Analysis for the Satellite Communication Market
2.3.1. Competitive Rivalry
2.3.2. Threat of New Entrants
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Threat of Substitutes
3. Market Determinants
3.1. Market Drivers
3.1.1. Drivers For the Global Satellite Communication Market: Impact Analysis
3.2. Market Pain Points and Challenges
3.2.1. Restraints For the Global Satellite Communication Market: Impact Analysis
3.3. Market Opportunities
4. Competitive Landscape
4.1. Competitive Dashboard – Satellite Communication Market Revenue and Share by Manufacturers
• Satellite Communication Product Comparison Analysis
• Top Market Player Ranking Matrix
4.2. Key Company Analysis
4.2.1. Gilat Satellite Networks Ltd.
4.2.1.1. Overview
4.2.1.2. Product Portfolio
4.2.1.3. Financial Analysis (Subject to Data Availability)
4.2.1.4. SWOT Analysis
4.2.1.5. Business Strategy
4.2.2. Inmarsat Global Ltd.
4.2.2.1. Overview
4.2.2.2. Product Portfolio
4.2.2.3. Financial Analysis (Subject to Data Availability)
4.2.2.4. SWOT Analysis
4.2.2.5. Business Strategy
4.2.3. Iridium Communications Inc.
4.2.3.1. Overview
4.2.3.2. Product Portfolio
4.2.3.3. Financial Analysis (Subject to Data Availability)
4.2.3.4. SWOT Analysis
4.2.3.5. Business Strategy
4.2.4. Thales Group
4.2.4.1. Overview
4.2.4.2. Product Portfolio
4.2.4.3. Financial Analysis (Subject to Data Availability)
4.2.4.4. SWOT Analysis
4.2.4.5. Business Strategy
4.2.5. Viasat, Inc.
4.2.5.1. Overview
4.2.5.2. Product Portfolio
4.2.5.3. Financial Analysis (Subject to Data Availability)
4.2.5.4. SWOT Analysis
4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
4.3.1. Merger and Acquisition
4.3.2. Product Launch
4.3.3. Partnership And Collaboration
5. Global Satellite Communication Market Sales Analysis by Type ($ Million)
5.1. Ground Equipment
5.2. Services
6. Global Satellite Communication Market Sales Analysis by End-User ($ Million)
6.1. Maritime
6.2. Defense & Government
6.3. Enterprises
6.4. Media & Entertainment
6.5. Others (Aviation, Oil & Gas, Agriculture (precision farming), Telemedicine, and Education)
7. Regional Analysis
7.1. North American Satellite Communication Market Sales Analysis – Type | End-User | Country ($ Million)
• Macroeconomic Factors for North America
7.1.1. United States
7.1.2. Canada
7.2. European Satellite Communication Market Sales Analysis – Type | End-User | Country ($ Million)
• Macroeconomic Factors for Europe
7.2.1. UK
7.2.2. Germany
7.2.3. Italy
7.2.4. Spain
7.2.5. France
7.2.6. Russia
7.2.7. Rest of Europe
7.3. Asia-Pacific Satellite Communication Market Sales Analysis – Type | End-User | Country ($ Million)
• Macroeconomic Factors for Asia-Pacific
7.3.1. China
7.3.2. Japan
7.3.3. South Korea
7.3.4. India
7.3.5. Australia & New Zealand
7.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Others)
7.3.7. Rest of Asia-Pacific
7.4. Rest of the World Satellite Communication Market Sales Analysis – Type | End-User | Country ($ Million)
• Macroeconomic Factors for the Rest of the World
7.4.1. Latin America
7.4.2. Middle East and Africa
8. Company Profiles
8.1. Advantech Wireless Technologies Inc.
8.1.1. Quick Facts
8.1.2. Company Overview
8.1.3. Product Portfolio
8.1.4. Business Strategies
8.2. Airbus
8.2.1. Quick Facts
8.2.2. Company Overview
8.2.3. Product Portfolio
8.2.4. Business Strategies
8.3. Cobham Satcom (Cobham Ltd.)
8.3.1. Quick Facts
8.3.2. Company Overview
8.3.3. Product Portfolio
8.3.4. Business Strategies
8.4. EchoStar Mobile Ltd.
8.4.1. Quick Facts
8.4.2. Company Overview
8.4.3. Product Portfolio
8.4.4. Business Strategies
8.5. Gilat Satellite Networks Ltd.
8.5.1. Quick Facts
8.5.2. Company Overview
8.5.3. Product Portfolio
8.5.4. Business Strategies
8.6. Honeywell International Inc.
8.6.1. Quick Facts
8.6.2. Company Overview
8.6.3. Product Portfolio
8.6.4. Business Strategies
8.7. IEC TELECOM
8.7.1. Quick Facts
8.7.2. Company Overview
8.7.3. Product Portfolio
8.7.4. Business Strategies
8.8. Inmarsat Global Ltd.
8.8.1. Quick Facts
8.8.2. Company Overview
8.8.3. Product Portfolio
8.8.4. Business Strategies
8.9. Intelsat US LLC
8.9.1. Quick Facts
8.9.2. Company Overview
8.9.3. Product Portfolio
8.9.4. Business Strategies
8.10. Iridium Communications Inc.
8.10.1. Quick Facts
8.10.2. Company Overview
8.10.3. Product Portfolio
8.10.4. Business Strategies
8.11. KVH Industries, Inc.
8.11.1. Quick Facts
8.11.2. Company Overview
8.11.3. Product Portfolio
8.11.4. Business Strategies
8.12. Milexia Group
8.12.1. Quick Facts
8.12.2. Company Overview
8.12.3. Product Portfolio
8.12.4. Business Strategies
8.13. NEC Corp.
8.13.1. Quick Facts
8.13.2. Company Overview
8.13.3. Product Portfolio
8.13.4. Business Strategies
8.14. Nisshinbo Micro Devices Inc.
8.14.1. Quick Facts
8.14.2. Company Overview
8.14.3. Product Portfolio
8.14.4. Business Strategies
8.15. ORBCOMM Inc.
8.15.1. Quick Facts
8.15.2. Company Overview
8.15.3. Product Portfolio
8.15.4. Business Strategies
8.16. Quectel Wireless Solutions Co., Ltd
8.16.1. Quick Facts
8.16.2. Company Overview
8.16.3. Product Portfolio
8.16.4. Business Strategies
8.17. Rohde & Schwarz USA, Inc.
8.17.1. Quick Facts
8.17.2. Company Overview
8.17.3. Product Portfolio
8.17.4. Business Strategies
8.18. SatNow
8.18.1. Quick Facts
8.18.2. Company Overview
8.18.3. Product Portfolio
8.18.4. Business Strategies
8.19. SES S.A.
8.19.1. Quick Facts
8.19.2. Company Overview
8.19.3. Product Portfolio
8.19.4. Business Strategies
8.20. Singapore Technologies Engineering Ltd
8.20.1. Quick Facts
8.20.2. Company Overview
8.20.3. Product Portfolio
8.20.4. Business Strategies
8.21. Telesat Corp.
8.21.1. Quick Facts
8.21.2. Company Overview
8.21.3. Product Portfolio
8.21.4. Business Strategies
8.22. Thales Group
8.22.1. Quick Facts
8.22.2. Company Overview
8.22.3. Product Portfolio
8.22.4. Business Strategies
8.23. Thuraya Telecommunications Co.
8.23.1. Quick Facts
8.23.2. Company Overview
8.23.3. Product Portfolio
8.23.4. Business Strategies
8.24. Viasat, Inc.
8.24.1. Quick Facts
8.24.2. Company Overview
8.24.3. Product Portfolio
8.24.4. Business Strategies
1. Global Satellite Communication Market Research And Analysis By Type, 2024-2035 ($ Million)
2. Global Satellite Communication Ground Equipment Market Research And Analysis By Region, 2024-2035 ($ Million)
3. Global Satellite Communication Services Market Research And Analysis By Region, 2024-2035 ($ Million)
4. Global Satellite Communication Market Research And Analysis By End-User, 2024-2035 ($ Million)
5. Global Satellite Communication For Maritime Market Research And Analysis By Region, 2024-2035 ($ Million)
6. Global Satellite Communication For Defense & Government Market Research And Analysis By Region, 2024-2035 ($ Million)
7. Global Satellite Communication For Enterprises Market Research And Analysis By Region, 2024-2035 ($ Million)
8. Global Satellite Communication For Media & Entertainment Market Research And Analysis By Region, 2024-2035 ($ Million)
9. Global Satellite Communication For Others Market Research And Analysis By Region, 2024-2035 ($ Million)
10. Global Satellite Communication Market Research And Analysis By Region, 2024-2035 ($ Million)
11. North American Satellite Communication Market Research And Analysis By Country, 2024-2035 ($ Million)
12. North American Satellite Communication Market Research And Analysis By Type, 2024-2035 ($ Million)
13. North American Satellite Communication Market Research And Analysis By End-User, 2024-2035 ($ Million)
14. European Satellite Communication Market Research And Analysis By Country, 2024-2035 ($ Million)
15. European Satellite Communication Market Research And Analysis By Type, 2024-2035 ($ Million)
16. European Satellite Communication Market Research And Analysis By End-User, 2024-2035 ($ Million)
17. Asia-Pacific Satellite Communication Market Research And Analysis By Country, 2024-2035 ($ Million)
18. Asia-Pacific Satellite Communication Market Research And Analysis By Type, 2024-2035 ($ Million)
19. Asia-Pacific Satellite Communication Market Research And Analysis By End-User, 2024-2035 ($ Million)
20. Rest Of The World Satellite Communication Market Research And Analysis By Region, 2024-2035 ($ Million)
21. Rest Of The World Satellite Communication Market Research And Analysis By Type, 2024-2035 ($ Million)
22. Rest Of The World Satellite Communication Market Research And Analysis By End-User, 2024-2035 ($ Million)
1. Global Satellite Communication Market Share By Type, 2024 Vs 2035 (%)
2. Global Satellite Communication Ground Equipment Market Share By Region, 2024 Vs 2035 (%)
3. Global Satellite Communication Services Market Share By Region, 2024 Vs 2035 (%)
4. Global Satellite Communication Market Share By End-User, 2024 Vs 2035 (%)
5. Global Satellite Communication For Maritime Market Share By Region, 2024 Vs 2035 (%)
6. Global Satellite Communication For Defense & Government Market Share By Region, 2024 Vs 2035 (%)
7. Global Satellite Communication For Enterprises Market Share By Region, 2024 Vs 2035 (%)
8. Global Satellite Communication For Media & Entertainment Market Share By Region, 2024 Vs 2035 (%)
9. Global Satellite Communication For Others Market Share By Region, 2024 Vs 2035 (%)
10. Global Satellite Communication Market Share By Region, 2024 Vs 2035 (%)
11. Global Satellite Communication Market Share By Region, 2024 Vs 2035 (%)
12. US Satellite Communication Market Size, 2024-2035 ($ Million)
13. Canada Satellite Communication Market Size, 2024-2035 ($ Million)
14. UK Satellite Communication Market Size, 2024-2035 ($ Million)
15. France Satellite Communication Market Size, 2024-2035 ($ Million)
16. Germany Satellite Communication Market Size, 2024-2035 ($ Million)
17. Italy Satellite Communication Market Size, 2024-2035 ($ Million)
18. Spain Satellite Communication Market Size, 2024-2035 ($ Million)
19. Russia Satellite Communication Market Size, 2024-2035 ($ Million)
20. Rest Of Europe Satellite Communication Market Size, 2024-2035 ($ Million)
21. India Satellite Communication Market Size, 2024-2035 ($ Million)
22. China Satellite Communication Market Size, 2024-2035 ($ Million)
23. Japan Satellite Communication Market Size, 2024-2035 ($ Million)
24. South Korea Satellite Communication Market Size, 2024-2035 ($ Million)
25. ASEAN Satellite Communication Market Size, 2024-2035 ($ Million)
26. Australia and New Zealand Satellite Communication Market Size, 2024-2035 ($ Million)
27. Rest Of Asia-Pacific Satellite Communication Market Size, 2024-2035 ($ Million)
28. Latin America Satellite Communication Market Size, 2024-2035 ($ Million)
29. Middle East And Africa Satellite Communication Market Size, 2024-2035 ($ Million)
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FAQS
The size of the Satellite Communication market in 2024 is estimated to be around $15,845 million.
North America holds the largest share in the Satellite Communication market.
Leading players in the Satellite Communication market include Gilat Satellite Networks Ltd., Inmarsat Global Ltd., Iridium Communications Inc., Thales Group, and Viasat, Inc., among others.
Satellite Communication market is expected to grow at a CAGR of 10.4% from 2025 to 2035.
The Satellite Communication market is driven by rising demand for global connectivity, expansion of LEO satellites, and integration with 5G and IoT technologies.
