Global Satellite Communication Market Size & Outlook
Global satellite communication market, 2018-2030 (US$M)
Related Markets
Global satellite communication market highlights
- The global satellite communication market generated a revenue of USD 90,299.1 million in 2024 and is expected to reach USD 159,599.2 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 10.2% by 2030.
- In terms of segment, services accounted for a revenue of USD 57,565.8 million in 2024.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 90,299.1 million |
| Market revenue in 2030 | USD 159,599.2 million |
| Growth rate | 10.2% (CAGR from 2025 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Equipment |
Other key industry trends
- In terms of revenue, the North America accounted for 32.1% of the global satellite communication market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 14,232.1 million by 2030.
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Satellite Communication Market Scope
Satellite Communication Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cobham | View profile | 5001-10000 | Wimborne, Dorset, United Kingdom, Europe | https://www.cobham.com/ |
| Intelsat | View profile | 1001-5000 | Mclean, Virginia, United States, North America | http://www.intelsat.com |
| 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 |
Global satellite communication 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 satellite communication market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 63.75% in 2024. Horizon Databook has segmented the Global satellite communication market based on services, equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Satellite Communication Component Outlook (Revenue, USD Million, 2018-2030)
- Services
- Equipment
- Satcom Transmitter/Transponder
- Satcom Antenna
- Satcom Transceiver
- Satcom Receiver
- Satcom Modem/Router
- Others (Block-up converters, controllers)
- Global Satellite Communication Satellite Constellations Outlook (Revenue, USD Million, 2018-2030)
- LEO
- MEO
- GEO
- Global Satellite Communication Frequency Band Outlook (Revenue, USD Million, 2018-2030)
- L-band
- S-band
- C-band
- X-band
- Ku-band
- Ka-band
- Global Satellite Communication Application Outlook (Revenue, USD Million, 2018-2030)
- Asset tracking/monitoring
- Drones Connectivity
- Data backup and recovery
- Navigation and Monitoring
- Tele-medicine
- Broadcasting
- Others (If any)
- Airtime
- M2M
- Voice
- Data
- Global Satellite Communication Vertical Outlook (Revenue, USD Million, 2018-2030)
- Energy & Utility
- Maritime
- Agriculture (Including animal tracking)
- Communication companies
- Corporates/Enterprises
- Media & Broadcasting
- Events
- Aviation
- Environmental & Monitoring
- Forestry
- End User Consumer
- Healthcare
- Others (Retail, Construction)
- Government & Defense
- Government (Civil Uses)
- Emergency Responders
- Defense
- Transport & Cargo
- Fleet Management
- Rail services
- Mining and Oil & Gas
- Oil & Gas
- Mining
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Horizon Databook provides a detailed overview of global-level data and insights on the Global satellite communication market , including forecasts for subscribers. This global databook contains high-level insights into Global satellite communication market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global satellite communication market size, by regions, 2018-2030 (US$M)
Top 10 countries: Satellite communication market size, 2024 (US$M)
Global satellite communication market share, by component, 2024 & 2030 (%, US$M)
Satellite communication market: Opportunity assessment by country
Global satellite communication market, by region, 2024 (US$M)
Related statistics
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