Satellites Market Report 2026

The satellites market size has grown steadily in recent years. It will grow from $25.35 billion in 2025 to $26.51 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to growth in demand for communication and broadcast services driving satellite procurement, increased government spending on defense and earth-observation satellites, technological improvements in satellite power and propulsion systems enhancing mission capabilities, expansion of commercial satellite operators increasing system orders, rising need for warranty-period maintenance services due to higher satellite deployment volumes.

The satellites market size is expected to see strong growth in the next few years. It will grow to $32.83 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to rapid expansion of low-earth-orbit constellations boosting satellite manufacturing demand, increasing investments in high-efficiency power systems such as advanced solar arrays, rising adoption of compact and small satellites for commercial and scientific missions, growing reliance on satellite-based connectivity across emerging markets, expected increase in integrated maintenance and support services bundled with new satellite systems. Major trends in the forecast period include miniaturization of satellite systems, expansion of satellite constellations for global connectivity, development of low-cost launchable satellites, advanced propulsion and power systems for satellites, integration of onboard data processing and edge computing.

The expanding space industry is expected to drive the growth of the satellite market in the coming years. The space industry encompasses economic activities related to the manufacture of components for outer space, their delivery to Earth’s orbit or beyond, and associated services. This sector continues to develop and launch satellites for purposes such as communications, Earth observation, navigation, and scientific research. The growth of the space industry has fostered advancements in satellite technology, increased global connectivity, improved data collection, enhanced navigation systems, and more. For instance, in 2023, The Space Report by Space Foundation, a US-based organization, reported that the global space economy reached $570 billion, up 7.4% from the revised 2022 figure of $531 billion. Hence, the growing space industry is propelling the satellite market.

Key players in the global satellite market are emphasizing innovative solutions such as improved coverage and revisit capabilities to enhance data frequency, imaging accuracy, and real-time Earth observation. Coverage and revisit refer to the geographic area a satellite can monitor and the frequency at which it can re-observe the same location, respectively. For example, in March 2025, Arianespace SA, a France-based aerospace company, successfully launched the CSO-3 optical Earth observation satellite to strengthen high-resolution imaging capabilities for defense and intelligence applications. The satellite enhances France’s military reconnaissance with very-high-resolution optical and infrared imaging, enabling precise day-and-night Earth observation. Its advanced agility and revisit capabilities allow rapid coverage of large areas, improving operational responsiveness and crisis management, thereby reinforcing France’s and Europe’s strategic autonomy and defense readiness.

In May 2023, Viasat Inc., a US-based communications company, acquired Inmarsat for an undisclosed amount. This acquisition allowed Viasat to combine resources and expand its scale and scope, further strengthening its position in the dynamic and competitive satellite communications industry. Inmarsat is a UK-based satellite telecommunications provider.

Major companies operating in the satellites market are Lockheed Martin Corporation, The Boeing Company, Thales Group, Airbus SE, Northrop Grumman Corporation, OHB SE, Israel Aerospace Industries Ltd, ST Engineering, NanoAvionics, Gomspace, Beijing Commsat Technology Development Co., Ltd, Avasarala Technologies Limited, Speedcast International Limited, One Space Tech, Land Space Technology Corporation Ltd, ExPace Technology Corporation, Skyroot Aerospace, Gilmour Space Technologies, Deep Blue Aerospace, Mitsubishi Heavy Industries, China Aerospace Science and Technology Corporation (CASC), Honeywell International Inc, Telespazio SpA, Raytheon, AAC Microtec, Thales Alenia Space, Surrey Satellite Technology Ltd, EnduroSat, AAC Clyde Space, Space Exploration Technologies Corp (SpaceX), Viasat Inc, Telesat, Starlink Satellite Constellation, OneWeb, Hughes Network Systems, Innova Space, ARSAT, Satellogic, Al Yah Satellite Communications (YAHSAT), Arabsat, Es'hailSat, QSAT, Saman Satellite Communications, DragonFly Aerospace, Eureka Geo, XinaBox, Simera Sense.

Asia-Pacific was the largest region in the satellites market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global satellites market share during the forecast period. The regions covered in the satellites market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the satellites market by increasing the cost of imported components, high-precision sensors, and power systems, resulting in higher manufacturing expenses and potential launch delays. Large and mini satellites, as well as LEO and GEO orbit satellites, are the most affected segments, particularly in Asia-Pacific and North America where manufacturing and assembly are concentrated. However, tariffs have encouraged local production, supply chain diversification, and domestic innovation in satellite technologies, which could strengthen regional capabilities and reduce dependence on imports.

The satellites market research report is one of a series of new reports that provides satellites market statistics, including satellites industry global market size, regional shares, competitors with a satellites market share, detailed satellites market segments, market trends and opportunities, and any further data you may need to thrive in the satellites industry. This satellites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

A satellite is an artificial object positioned in orbit around the Earth or another celestial body for the purpose of data collection or communication. Essential components of a satellite include a communications system, a power system, and a propulsion system.

Satellites are categorized into various types, including large satellites, mini satellites, nano satellites, and micro satellites. Large satellites are characterized by significant physical size and mass compared to their smaller counterparts. Different types of orbits, such as low Earth orbit (LEO), medium Earth orbit (MEO), geosynchronous orbit (GEO), and elliptical orbit (EL), serve diverse purposes in scientific research, technology demonstration and verification, earth observation and remote sensing, communication, and other applications. The end users involved in satellite utilization encompass commercial, civil, government, and various other sectors.

The countries covered in the satellites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The satellites market consists of sales of satellite systems with solar panels or radioisotope thermoelectric generators used for space applications. The market includes maintenance services provided by aerospace support and auxiliary equipment manufacturers during the equipment’s warranty period. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.

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