PUBLISHER: The Business Research Company | PRODUCT CODE: 1678342
PUBLISHER: The Business Research Company | PRODUCT CODE: 1678342
Satellite internet refers to the wireless connection transmitted through multiple satellite dishes situated both on Earth and in space. It operates by communicating with satellites orbiting the Earth using radio waves.
The primary types of satellite internet products include two-way satellite-only communication, one-way receiving, and one-way broadcast. Two-way satellite-only communication involves sending data from a remote contact site to a hub via a satellite. Various band types, including C-band, X-band, L-band, K-band, and others, cater to sectors such as commercial, residential, military, industrial, and more.
The satellite internet market research report is one of a series of new reports from The Business Research Company that provides satellite internet market statistics, including satellite internet industry global market size, regional shares, competitors with a satellite internet market share, detailed satellite internet market segments, market trends and opportunities, and any further data you may need to thrive in the satellite internet industry. This satellite internet 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 internet market size has grown rapidly in recent years. It will grow from $5.86 billion in 2024 to $6.51 billion in 2025 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to rural and remote connectivity needs, global Internet access, disaster recovery and emergency services, maritime and aviation connectivity, military and defense applications.
The satellite internet market size is expected to see rapid growth in the next few years. It will grow to $11.35 billion in 2029 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to growing demand for broadband services, expansion of low earth orbit (LEO) satellite constellations, connected vehicles and Internet of things (IoT), commercial and residential broadband solutions, government initiatives and subsidies. Major trends in the forecast period include integration with 5G networks, emergence of affordable consumer terminals, focus on rural connectivity solutions, government initiatives for space-based connectivity, advanced satellite technologies.
The growing demand for satellite internet in rural areas is driving the expansion of the satellite internet market. Residents in these regions have faced challenges in accessing reliable internet services, which are often slow and inconsistent. Satellite internet offers a more affordable solution than laying extensive fiber optic cables, making it ideal for rural and hard-to-reach locations. For example, in June 2024, the National Telecommunications and Information Administration, a U.S. government agency, reported that 83 percent of individuals aged 3 and older in the United States used the internet in some capacity in 2023, an increase from 80 percent in 2021. Consequently, the unmet demand for fast and reliable internet in rural areas is boosting growth in the satellite internet market.
The rising demand in the residential sector is anticipated to further propel the growth of the satellite internet market. Residential areas refer to locations or buildings primarily intended for housing or living purposes. Satellite internet services in residential areas provide extensive coverage, quick deployment, global accessibility, high-speed connections, reliability, and various plans with different data allowances and speeds. For instance, in October 2023, the United States Census Bureau, the principal agency of the federal statistical system, reported that the number of privately owned housing units approved by building permits in February was 1,524,000 on a seasonally adjusted annual basis, which is a 13.8% increase from the corrected January rate of 1,339,000. Therefore, the increasing demand in the residential sector is driving the growth of the satellite internet market.
A notable trend is the increasing popularity of product innovations. Major companies within this sector are dedicated to developing novel products to reinforce their market position. For instance, in September 2022, Hughes Communications India Private Limited (HCI), a provider of broadband satellite and managed network services based in India, introduced the first High-Throughput Satellite (HTS) broadband service. This service aims to meet the high bandwidth requirements of various sectors, including cellular operators, financial institutions, government agencies, mining and energy corporations, and other enterprises. Utilizing the capabilities of the Indian space research organization (ISRO), the HTS broadband service facilitates connectivity in remote and challenging-to-reach areas, contributing to linking India to a future of expanded broadband access. The primary goal of the service is to provide multi-megabit high-speed broadband at reasonable prices.
The prominent companies in the satellite internet market are engaging in partnerships to develop novel products and enhance their market positions. Collaborations in this sector stimulate innovation, combine expertise, and expedite the development and commercialization of advanced technologies. For instance, in July 2023, Astrocast SA, a Switzerland-based company specializing in satellite Internet of Things (IoT) communication services, joined forces with Airbus Defense and Space SAS, a Germany-based manufacturer of defense and space products. This collaboration aims to advance satellite IoT (SatIoT) technology, reinforcing Airbus's commitment to technological advancement and leadership in the SatIoT market. The partnership focuses on improving bandwidth and service quality, allowing clients to customize their operational efficiency and enjoy enhanced data transfer capacity, efficiency, latency, and security.
In January 2024, EchoStar Corporation, a telecommunications company based in the U.S., merged with DISH Network Corporation for an undisclosed sum. This acquisition seeks to improve global connectivity solutions by combining satellite and 5G technologies, enabling EchoStar to offer comprehensive services and help bridge the digital divide. DISH Network Corporation, also a U.S.-based company, provides satellite television services and offers satellite internet solutions tailored for areas with limited connectivity options.
Major companies operating in the satellite internet market include AT&T Inc., Dish Network Corporation, Singapore Telecommunications Limited, Avonline Satellite Broadband, Kacific Broadband Satellites Group, Thaicom Public Company Limited, ViaSat Inc., Telesat Canada, SES S.A., Space Exploration Technologies Corp, EchoStar Corporation, Intelsat S.A., Inmarsat Global Limited, Eutelsat S.A., Eutelsat OneWeb, Iridium Communications Inc., Al Yah Satellite Communications Company P.J.S.C., Speedcast International Limited, NordNet AB, Globalstar Inc., Konnect Africa, Avanti Communications Group plc, Gilat Satellite Networks Ltd., Bigblu Broadband plc, Bentley Walker Ltd., SkyDSL Europe B.V., Skycasters Co, Freedomsat Group Limited
North America was the largest region in the satellite internet market in 2024. The regions covered in the satellite internet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the satellite internet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The satellite internet market includes revenues earned by entities by providing internet services that can be used to offer internet access services for remote areas or hard-to-reach areas since these areas lack physical infrastructures such as wireless radio connections, telephones, or fiber cables. 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 Internet 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 internet 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 internet ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The satellite internet 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.