PUBLISHER: The Business Research Company | PRODUCT CODE: 1672627
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672627
Satellite communications involve a system that utilizes satellite technology to transmit information from one location to another via a communication satellite positioned in Earth's orbit. The signal is transmitted through a transponder located between the transmitter and the receiver.
The main components of satellite communication include the transponder, transceiver, antenna, receiver, and other related components. The transponder facilitates the transmission of signals between the transmitter and the receiver. Satellite communication employs various technologies such as SATCOM Automatic Identification System, SATCOM Very Small Aperture Terminal (VSAT), SATCOM On-The-Move (SOTM), SATCOM On-The-Pause (SOTP), and SATCOM Telemetry. These technologies are utilized for asset tracking and monitoring, airtime, data backup and recovery, navigation and monitoring, broadcasting, and various other applications. Satellite communication finds applications in government and military sectors, civil satellite communications, commercial applications, and other fields.
The satellite communication market research report is one of a series of new reports from The Business Research Company that provides satellite communication market statistics, including satellite communication industry global market size, regional shares, competitors with a satellite communication market share, detailed satellite communication market segments, market trends and opportunities, and any further data you may need to thrive in the satellite communication industry. This satellite communication market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The satellite communication market size has grown strongly in recent years. It will grow from $61.82 billion in 2024 to $66.75 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to emerging markets growth, increasing investments in satellites and launch of advanced low earth orbit satellites.
The satellite communication market size is expected to see rapid growth in the next few years. It will grow to $103.78 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to increasing investment in low earth orbit satellites, robust government support, growing demand for telecommunication, growing investments in the space sector and increasing number of satellite launches. Major trends in the forecast period include product innovations, technological advancements, focus on investing in very high throughput satellites (VHTS), use of artificial intelligence in radio frequencies (RF) and focus on strategic partnerships and collaborations.
The satellite communication market is poised for significant growth in the forecast period, driven by the increasing adoption of low-earth orbit (LEO) satellites across various sectors. LEO satellites are anticipated to revolutionize internet and digital communication technologies. A notable example is the US Space Force's Commercial Satellite Communications Office (CSCO), which announced plans to allocate approximately $2.3 billion in commercial satcom contracts over the next two years. CSCO, responsible for procuring commercial satcom capacity and services for the US armed forces and allies, is set to invest significantly in low earth orbit satellite broadband services, with the largest opportunity being an $875 million multiple-award deal over a 10-year period.
Government support plays a crucial role in propelling the growth of the satellite communication market. Robust government investments contribute to research and development, fostering new technology developments and projects. In 2022, the UK science minister unveiled a £15 million ($18.15 million) fund to support UK businesses in advancing satellite communications technology. Additionally, NewSpace India Ltd (NSIL), the commercial space entity of the Indian government, plans to invest INR 100,000 million ($1.2 billion) over the next five years to own and operate satellites and rockets. NSIL is actively engaging with the country's space agency to acquire a fleet of remote sensing and communication satellites, demonstrating the substantial impact of government initiatives on market growth.
The satellite communications market is witnessing a surge in popularity of product innovations as a significant trend. Major players in the industry are actively introducing cutting-edge products to bolster their market presence. For example, in January 2023, China successfully launched the APSTAR-6E, a telecommunications satellite, utilizing a Long March-2C carrier rocket from the Xichang Satellite Launch Center. This satellite is designed to provide high-throughput communication services across Southeast Asia.
Companies in the satellite communication sector are dedicated to developing and implementing new technologies that can revolutionize communication and enhance their global reach. Satellites have evolved into indispensable components of advanced technology. In August 2022, the Defense Advanced Research Projects Agency (DARPA), a US-based research and development agency within the US Department of Defense, unveiled the Space-Based Adaptive Communications Node program (Space-BACN). This initiative aims to create a low-cost, reconfigurable optical communications terminal capable of communicating across various satellite constellations and adhering to prevalent optical inter-satellite link standards.
In August 2023, MDA Ltd., a Canadian space technology company specializing in advanced technology and services, acquired SatixFy Space Systems UK Ltd. for a sum of $40 million. This acquisition is intended to bolster MDA Ltd.'s technological capabilities, broaden its market presence, and enhance its competitive edge in the aerospace and defense industries. SatixFy Space Systems Ltd. is a UK-based manufacturer known for its advanced digital satellite payload systems and related technologies.
Major companies operating in the satellite communication market include Thales Group, Honeywell International Inc, L3Harris Technologies, Inc., Viasat, Inc., Cobham Limited, Gilat Satellite Networks Ltd., Baylin Technologies, Al Yah Satellite Communication Company PJSC, KVH Industries, Inc., Iridium Communications Inc., Jio Satellite Communications Ltd, One Space Tech, Land Space Technology Corporation Ltd, Laser Fleet, Hughes Communications India Ltd, China Satellite Communications Co Ltd, AAC Clyde Space, Alba Orbital, Apogeo Space, Argotec, Exobotics, Exodus Orbitals, Cessna, Telespazio SpA, Lockheed Martin Corporation, Raytheon, JSC Information Satellite Systems Reshetnev, Russian Satellite Communications Company, Surrey Satellite Technology Ltd, GomSpace Group AB, EnduroSat, Sputnix, Telesat, Intelsat, General Dynamics, EchoStar, Spire, TerreStar Solutions Inc, Ciel Satellite Group, Andesat
North America was the largest region in the satellite communication market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the satellite communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the satellite communication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The satellite communications market includes revenues earned by entities by providing systems for transferring data between locations by employing a communication satellite circling the Earth. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Satellite Communication Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on satellite communication market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for satellite communication ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The satellite communication market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.