Satellite Internet Market To Reach $22.6 Billion By 2030

Satellite Internet Market Growth & Trends

The global satellite internet market size is expected to reach USD 22.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.9% from 2025 to 2030. Satellite internet is a wireless network that provides access to satellite dishes both in space and on earth. It connects people in remote regions worldwide and provides access to a global information network. Satellite internet is accessed through high-speed network connectivity supplied by Earth-circling satellites. It is faster than a regular internet connection and distinguishes itself from land-based internet services such as digital subscriber line (DSL) and cable. Satellite communication provides a land-based interface for accessing audio, video, and information from anywhere on Earth.

One of the significant advantages of satellite internet for businesses is the ability to transmit a link at many megabits per second over a remote location. However, a private and secure connection can join many remote locations spread over a wide area. In rural areas, demand for satellite internet is rising due to the lack of other broadband internet choices. Additionally, satellite internet can provide access to the web in remote areas where it is challenging to get broadband, such as deserts and mountains, which increases the demand for satellite internet in these areas. Furthermore, internet users can now get better speed and bandwidth owing to advancements in satellite internet technology. As a result, these services are quickly adopted in emerging economies such as India, Brazil, the Philippines, Malaysia, and more fueling the market's expansion.

The rise in government programs for the uptake of advanced satellite internet services to develop a digitized economy and to provide enhanced public safety & security drives the market's growth. Furthermore, several governments are significantly funding satellite internet companies to provide broadband services to rural populations across emerging countries, boosting market growth. For instance, In October 2022 U.K. government invested USD 14.62 million in U.K. businesses to enhance satellite communications technology. Advanced Research in Telecommunications Services (ARTES) and European Space Agency (ESA) fund this investment. This investment is focused on developing new satellite configurations and terrestrial infrastructure or providing internet services to customers.

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Satellite Internet Market Report Highlights

• The K-band segment led the market with the largest revenue share of 42.9% in 2024. The K-band frequency is increasingly utilized in defense, broadcasting, and security radar systems. 

• The government and public segment accounted for the largest market revenue share in 2024. Governments across the globe have been investing in satellite broadband technology to provide broadband services in every region of their nations and rely only on cutting-edge technology to connect rural areas to the broadband network. 

• North America dominated the satellite internet market with the largest market revenue share of 32.0% in 2024.

Satellite Internet Market Segmentation

Grand View Research has segmented the global satellite internet market on the basis of frequency band, industry, and region:

Satellite Internet Frequency Band Outlook (Revenue, USD Million, 2018 - 2030)

• L-band

• C-band

• K-band

• X-band

Satellite Internet Industry Outlook (Revenue, USD Million, 2018 - 2030)

• Energy & Utility

• Government and Public Sector

• Transport & Cargo

• Maritime

• Military

• Corporates/Enterprises

• Media & Broadcasting

• Other Industries

Satellite Internet Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa (MEA)

  • UAE

  • Kingdom of Saudi Arabia (KSA)

  • South Africa

List of Key Players of Satellite Internet Market

• Singtel Group

• Thuraya Telecommunications Company

• Eutelsat Communications SA / OneWeb

• OneWeb.net

• Axess

• Freedomsat

• SpaceX (Starlink)

• Viasat, Inc.

• EchoStar Corporation (HughesNet)

• DSL Telecom