Public-Private Partnerships Boost Global Satellite Communication Market Growth

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. The increasing inclination of government investments supporting space tech startups and scaleups, including UK/ESA and EIB initiatives, is driving market growth. For instance, in February 2025, ArkEdge Space raised $52.8 million in Series B funding to become a satellite system integrator that is building a standardized bus system for 6U satellites to be used for IoT data collection, remote sensing, and naval communications.

Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/satellite-communication-market

Recent Developments

• In December 2024, the European Investment Bank (EIB) funded Sateliot's $32.4 million launch of its satellite network to supply IoT connectivity to low coverage regions. The $32.4 million venture debt transaction is included in the support of EIB for European startups creating space technology. The initiative supplied 5G narrowband IoT connectivity to more than 8 million devices in rural and oceanic regions, allowing traditional mobile operators to extend their ground-based IoT networks.

• In November 2024, Apple plans to invest up to $1.5 billion in Globalstar to expand iPhone communication services, including emergency SOS and messaging capabilities, in areas without cellular coverage.

• In August 2023, the UK government explored a $214.7 million scheme to fund the next generation of satellite communications development, including $214.7 million from the European Space Agency's UK-backed Advanced Research in Telecommunications Systems programme. The funding aims to accelerate the transition from research to commercialization.

Market Coverage

• The market numbers available for 2024-2035

• Base year- 2024

• Forecast period- 2025-2035

• Segment Covered- 

o By Type

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - Gilat Satellite Networks Ltd., Inmarsat Global Ltd., Iridium Communications Inc., Thales Group, and Viasat, Inc., among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Satellite Communication Market Report Segment

By Type

• Ground Equipment
• Services

By End-User

• Maritime
• Defense & Government
• Enterprises
• Media & Entertainment
• Others (Aviation, Oil & Gas, Agriculture (precision farming), Telemedicine, and Education)

Global Satellite Communication Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Russia

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Australia and New Zealand

• ASEAN Economies

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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