Canada Satcom Market Size & Outlook, 2024-2030
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Canada satcom market highlights
- The Canada satcom market generated a revenue of USD 5,843.3 million in 2024 and is expected to reach USD 11,165.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.4% from 2025 to 2030.
- In terms of segment, services was the largest revenue generating component in 2024.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
Satcom market data book summary
| Market revenue in 2024 | USD 5,843.3 million |
| Market revenue in 2030 | USD 11,165.2 million |
| Growth rate | 11.4% (CAGR from 2025 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2017 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
| Key market players worldwide | Viasat Inc, SES SA DR, Telesat Corp Class A, EchoStar Corp Class A, L3Harris Technologies Inc, Thuraya Telecommunications, SKY Perfect JSAT Holdings Inc ADR, Gilat Satellite Networks Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 6.5% of the global satcom market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. satcom market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 11,165.2 million by 2030.
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SATCOM Market Scope
SATCOM Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gilat Satellite Networks Ltd | View profile | 1183 | 21 Yegia Kapayim Street, Gilat House, Kiryat Arye, Petah Tikva, Israel, 4913020 | https://www.gilat.com |
| Thuraya Telecommunications | View profile | 251-500 | Dubai, Dubai, United Arab Emirates, Asia | http://www.thuraya.com/ |
| SKY Perfect JSAT Holdings Inc ADR | View profile | 1632 | 1-8-1 Akasaka, Akasaka Intercity AIR, Minato-ku, Tokyo, Japan, 107-0052 | https://www.skyperfectjsat.space |
| Telesat Corp Class A | View profile | 490 | 160 Elgin Street, Ottawa, ON, Canada, K2P 2P7 | https://www.telesat.com |
| SES SA DR | View profile | 2294 | Chateau de Betzdorf, Betzdorf, Luxembourg, Luxembourg, L-6815 | https://www.ses.com |
| EchoStar Corp Class A | View profile | 15300 | 9601 South Meridian Boulevard, Englewood, CO, United States, 80112 | https://www.echostar.com |
| Viasat Inc | View profile | 6800 | 6155 El Camino Real, Carlsbad, CA, United States, 92009 | https://www.viasat.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
Canada satcom market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to satcom market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 59.61% in 2024. Horizon Databook has segmented the Canada satcom market based on equipment, services covering the revenue growth of each sub-segment from 2017 to 2030.
In August 2021, the Government of Canada entered into an agreement with Telesat Corporation, wherein they plan to invest USD 1.44 billion (USD 1.15 billion) into Telesat Corporation’s advanced LEO satellite constellation known as Telesat Lightspeed. Telesat Lightspeed is expected to enable broadband Internet and 5G and LTE connectivity in Canada starting in 2024.
The ambitious project aims to connect approximately 40,000 households situated in rural and remote regions of the country. Such initiatives are fostering the growth of the market in Canada.
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Our clientele includes a mix of satcom market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada satcom market , including forecasts for subscribers. This country databook contains high-level insights into Canada satcom market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada satcom market size, by component, 2017-2030 (US$M)
Canada SATCOM Market Outlook Share, 2024 & 2030 (US$M)
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