Satellite Communication Market Size, Share & Trends Analysis Report By Component (Equipment, Services), By Satellite Constellations (LEO, MEO, GEO), By Frequency Band (L-band, S-band, C-band), By Application, By Vertical, By Region, And Segment Forecasts, 2025 - 2030

Satellite Communication Market Trends

The global satellite communication market size was estimated at USD 90.30 billion in 2024 and is projected to grow at a CAGR of 10.2% from 2025 to 2030. The promising growth prospects of the market can be attributed to the growing demand for High-throughput Satellite (HTS) systems, which provide significantly increased capacity and data speeds compared to traditional systems. HTS systems enable faster and more efficient data transmission, making them ideal for bandwidth-intensive applications such as video streaming, remote sensing, and Internet of Things (IoT) connectivity.

New frequency bands, such as high-frequency and very high-frequency bands, are also rapidly expanding the available satcom spectrum. These bands offer improved bandwidth and increased capacity, enabling higher data rates and supporting bandwidth-intensive applications. Several solution providers across the globe are focusing on developing solutions that offer better connectivity for a myriad of use cases. For instance, in June 2023, Get SAT Ltd, a provider of miniaturized Satcom terminals, launched its latest product line, MoComm.

The line of multi-orbit communication solutions features the innovative multi-orbit communication capability. This feature enables smooth and efficient switching between satellite constellations, ensuring uninterrupted connectivity. MoComm operates seamlessly in both Ku and Ka-bands. The Ka-band functionality empowers users to seamlessly transfer data traffic between the O3b Medium Earth Orbit (MEO) constellation and any Geostationary Orbit (GEO) constellation. The Ku-band has received certification for compatibility with Low Earth Orbit (LEO) and any GEO constellation, further expanding its versatility and applicability.

Increasing use of Satcom in government and defense sectors is contributing to the growing demand for HTS capacity. Government agencies are increasingly relying on sensor data and ISR platforms to transform their operational environments. These platforms facilitate the sharing of real-time HD video and other valuable information obtained from Remotely Piloted Air Systems (RPAS) or Unmanned Aerial Vehicles (UAVs). In response to this growing demand, leading industry players such as Viasat, Inc. and SES S.A. are making significant investments aimed at pioneering novel solutions tailored to various government and defense applications.

The growing deployment of satellite constellations dedicated to IoT connectivity is also contributing to industry growth. These constellations consist of several small satellites working together to provide global coverage for IoT devices, enabling seamless communication and data exchange across vast geographic areas. This trend is driven by the applications of IoT technology in areas such as agriculture, logistics, environmental monitoring, and asset tracking, where uninterrupted connectivity is essential.

Another emerging trend is the development of LEO satellite networks specifically designed for IoT applications. LEO satellites offer advantages such as lower latency, improved signal strength, and higher data throughput, making them well-suited for IoT data transmission. These networks leverage advanced technologies such as narrowband and low-power communication protocols to optimize IoT device connectivity, ensuring efficient utilization of satellite resources.

Furthermore, the satellite communication market is witnessing the adoption of advanced technologies such as Artificial Intelligence (AI), which are driving the emergence of Intelligent Transport Systems (ITS). These systems enable real-time vehicle tracking, facilitating the swift exchange of information for both users and freight operators. SATCOM integration in transportation ensures continuous and seamless data transmission between vehicles and transport hubs, reducing the reliance on terrestrial networks.

Component Insights

The services segment accounted for the largest share of 58.8% in 2024. The segment growth can be attributed to the global expansion of the media and entertainment industries, coupled with the increasing demand for satellite television in emerging nations. Efforts to enable seamless data transmission to end-user locations also favor the increased demand for Satcom services across the globe.

However, the high upfront costs associated with satellite acquisition often make it financially challenging for many firms to invest in technology outright. As a result, an increasing number of companies are opting for satellite services through leasing arrangements. Domestic Direct-to-Home (DTH) operators, for instance, are typically limited to using satellites ordered by their respective space agencies or leasing capacity from foreign satellites. Technological advancements play a crucial role in reducing manufacturing costs, thereby lowering lease expenditure, and driving revenue growth of the market.

The equipment segment is expected to grow at the fastest CAGR during the forecast period, owing to the growing need for uninterrupted communication across industries and increasing use of connected and autonomous vehicles. Satcom equipment ensures the smooth functioning of diverse applications, such as telecommunications, navigation, weather monitoring, and surveillance systems, by enabling effective communication with satellites orbiting the Earth. The introduction of LEO satellites and satellite constellations for telecommunication purposes is also expected to drive the equipment segment growth. 

Satellite Constellations Insights

The low earth orbit (LEO) satellites segment held the largest market share in 2024. The increasing demand for global internet coverage, particularly in underserved or remote areas where traditional broadband infrastructure is either too costly or challenging to deploy, is driving the growth of low earth orbit satellites for communication. LEO satellites, positioned closer to Earth than geostationary satellites, enable faster data transmission speeds and reduced latency, making them ideal for high-speed internet.

The geostationary equatorial orbit (GEO) satellites segment is expected to grow at a significant CAGR during the forecast period. Geostationary equatorial orbit satellites are ideal for broadcasting, as they ensure continuous, reliable service, which is critical for television and radio networks, broadcasts, and direct-to-home (DTH) services. With no need for complex tracking systems, stationary GEO satellites provide stable, high-quality signals to fixed-ground antennas, supporting media distribution to vast audiences with minimal disruption.

Frequency Band Insights

The Ku-band segment dominated the market in 2024. The Ku-band frequency segment covers frequencies ranging from 10.7 to 14.5 GHz. The application of Ku-band frequencies in fixed satellite television data services drives growth of the market. The Ku-band is ideal for delivering high-quality broadcast signals, making it an ideal choice for fixed satellite television services. This frequency band allows for strong, stable connections that can transmit data over long distances with minimal interference, providing reliable television broadcasts.

The Ks-band is projected to grow at the fastest CAGR over the forecast period.The Ka-band frequency segment covers frequencies ranging from 17.3 to 30 GHz. The capability of the Ka-band to support high data rates drives growth of the segment in the market. The higher frequencies in the Ka-band allow for greater bandwidth, which translates to faster internet speeds and enhanced data throughput compared to lower-frequency bands such as Ku and C-band.  

Application Insights

The broadcasting segment dominated the market in 2024. The growth of segment can be attributed to the growing demand for satellite communications in pay-TV and radio applications. DTH providers use satcom to deliver services to customers and ensure seamless connectivity, even in remote and inaccessible areas. Growing consumer expectations for high-quality audio and video content have driven significant advancements in Satcom equipment.

The airtime segment is projected to grow at the fastest CAGR over the forecast period, owing to the rising demand for reliable and affordable communication services for flights and aircraft. Satcom solutions offer seamless connectivity and high-speed internet access onboard aircraft, catering to the needs of both the crew and business applications. The growing use of satcom for aircraft navigation and remote troubleshooting is also expected to contribute to the segment's promising growth prospects.

Vertical Insights

The media & broadcasting segment dominated the market in 2024. The media & broadcasting industry is one of the leading consumers of satellite communication technology. Media and broadcasting businesses leverage the technology to transmit live news, satellite television and radio, sports events, concerts, and various other programs to their audience. Moreover, satellites are used to broadcast video channels that can be received by both broadcast networks and cable operators, benefiting consumers globally.

The government & defense segment is projected to grow at the fastest CAGR over the forecast period. Increasing emphasis on secure and resilient satcom solutions to meet the evolving needs of government agencies and defense organizations is a key factor contributing to the growth of the segment. This includes the adoption of advanced encryption techniques, anti-jamming capabilities, and robust cybersecurity measures to safeguard sensitive data and ensure uninterrupted communication in critical situations.

Regional Insights

The North America satellite communication market held a significant share in 2024. Growing demand for satellite broadband services, especially for providing reliable connectivity in remote, hard-to-reach, and underserved regions of North America, is likely to drive regional growth over the forecast period. The region is also home to key industry players such as Viasat, Inc.; Intelsat; Telesat; and Harris Technologies, Inc. Their strong focus on innovations and investments in research and development, advanced technologies, and strategic partnerships are fueling the expansion of the industry in the region.

U.S. Satellite Communication Market Trends

The U.S. Satellite communication market held a dominant position in 2024.The market is characterized by strategic partnerships and initiatives, such as supportive student connectivity and distance learning programs powered by satellite internet, which contribute to market expansion.

Europe Satellite Communication Market Trends

The Europe Satellite communication market was identified as a lucrative region in 2024. The regional market is witnessing a shift toward self-reliance and sustainability. Ambitious proposals for establishing satellite constellations and substantial funding plans reflect a strategic focus on enhancing market capabilities and reducing dependency on foreign entities.

The UK Satellite communication market is expected to grow rapidly in the coming years due to the increasing investments in research and development, coupled with collaborations with international partners, are driving innovation and fostering the SATCOM industry growth in the UK

Asia Pacific Satellite Communication Market Trends

The Asia Pacific Satellite communication market accounted for 23.7% share of the overall market in 2024. This can be attributed to the relentless pursuit of innovation, research and development, and strategic initiatives by prominent market players aimed at enhancing their market presence. Growing reliance on satcom-dependent services in sectors such as telecommunications, media and broadcasting, agriculture, and energy and utility is also a notable driver of market growth. Moreover, the region is home to numerous organizations dedicated to advancing satellite communications.

The India Satellite communication market is expected to grow rapidly in the coming years.Increasing demand for satellite internet services and partnerships with space agencies are contributing to the industry growth in India.

Satellite communication market in China held a substantial market share in 2024.The China market is characterized by rapid expansion, driven by aggressive satellite deployment and advanced technology adoption. Focus on military and defense applications, along with significant investments in satellite infrastructure, solidifies China's position as a key player in the global market.

Key Satellite Communication Company Insights

Some of the key companies in the Satellite communication market include Viasat, Inc., SES S.A, L3 Harris Technologies, Inc., EchoStar Corporation, and SKY Perfect JSAT Group. Organizations are focusing on increasing the customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies.

• Viasat, Inc. is engaged in providing communications technologies and services. The company offers end-to-end platforms for ground infrastructure, Ka-band satellites, and user terminals to provide high-speed, high-quality broadband solutions to enterprises, governments, and consumers across the globe.

• Intelsat S.A. offers satcom services for transmitting data, video, and voice signals. The company provides these services to various media companies, wireless & fixed telecom operators, data networking service providers, ISPs, and multinational corporations.

Recent Developments

• In April 2025, SpinLaunch, a space technology company, announced a USD 12 million strategic investment from Kongsberg Defence & Aerospace to support the development and commercialization of its revolutionary Low-Earth Orbit (LEO) satellite broadband constellation, Meridian Space. This partnership highlights SpinLaunch’s commitment to delivering affordable and sustainable satellite communication services globally. 

• In April 2023, SES S.A. and Corporación Nacional de Telecomunicaciones (CNT), a telecommunications provider, partnered to support Ecuador's digital inclusion efforts in the Galapagos Islands. They have announced a significant expansion agreement for medium earth orbit satellite capacity. This expansion aims to provide enhanced broadband connectivity and 3G/4G/5G mobile services to businesses, residents, and tourists across the isolated Galapagos Islands in the eastern Pacific Ocean, contributing to the development and connectivity of the region.
  

Satellite Communication Market Report Scope

Global Satellite Communication Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global satellite communication market report based on component, satellite constellations, frequency band, application, vertical and region.

• Component Outlook (Revenue, USD Billion, 2017 - 2030)

  • Equipment

    • Satcom Transmitter/Transponder

    • Satcom Antenna

    • Satcom Transceiver

    • Satcom Receiver

    • Satcom Receive

    • Satcom Modem/Router

    • Others (Block-up converters, controllers)

  • Services

• Satellite Constellations Outlook (Revenue, USD Billion, 2017 - 2030)

  • Low Earth Orbit (LEO) Satellites

  • Medium Earth Orbit (MEO) Satellites

  • Geostationary Equatorial Orbit (GEO) Satellites

• Frequency Band Outlook (Revenue, USD Billion, 2017 - 2030)

  • L-band

  • S-band

  • C-band

  • X-band

  • Ku-band

  • Ka-band

• Application Outlook (Revenue, USD Billion, 2017 - 2030)

  • Asset Tracking/Monitoring

  • Airtime

    • M2M

    • Voice

    • Data

  • Drones Connectivity

  • Data Backup and Recovery

  • Navigation and Monitoring

  • Tele-medicine

  • Broadcasting

  • Others

• Vertical Outlook (Revenue, USD Billion, 2017 - 2030)

  • Energy & Utility

    • Government & Defense

    • Government (Civil Uses)

    • Emergency Responders

    • Defense

  • Transport & Cargo

    • Fleet Management

    • Rail services

  • Maritime

  • Mining and Oil & Gas

    • Oil & Gas

    • Mining

  • Agriculture

  • Communication Companies

  • Corporates/Enterprises

  • Media & Broadcasting

  • Events

  • Aviation

  • Environmental & Monitoring

  • Forestry

  • End User - Consumer

  • Healthcare

  • Others

• Regional Outlook (Revenue, USD Billion, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa (MEA)

    • KSA

    • UAE

    • South Africa