Satellite Communication Market Size, Share & Trends Analysis growing at a CAGR of 10.2% from 2025 to 2030
The global satellite communication market size was estimated at USD 90,299.1 million in 2024 and is projected to reach USD 159,599.2 million by 2030, growing 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.
Key Market Trends & Insights
- 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.
- 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.
Market Size & Forecast
- 2024 Market Size: USD 90,299.1 Million
- 2030 Projected Market Size: USD 159,599.2 Million
- CAGR (2025-2030): 10.2%
- North America: Largest market in 2024
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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.
