Satellite Communication Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global satellite communication market size reached approximately USD 55.97 Billion in 2024. The market is projected to grow at a CAGR of 10.40% between 2025 and 2034, reaching a value of around USD 150.54 Billion by 2034.

Key Trends in the Market

Satellites usually refer to an artificial object that is launched into orbit or outer space for various uses such as communication, weather forecasting, research, and navigation, among others. Satellite communication has become a crucial part of the modern communication technology sphere. In this communication process, the transmission of electromagnetic waves is used as carrier signals, which carry the audio, picture, voice, or any other form of data.

• One of the key trends propelling the growth of the satellite communication market is the increasing demand for small satellites from various sectors such as agriculture, engineering, communications, and oil and gas, among others.
• Satellite communication services offer a secure and dependable source of bandwidth capacity, making them highly suitable for military operations carried out in remote areas where the existing communication infrastructure may be insufficient or unreliable. Moreover, the rising utilisation of fixed satellite services (FSS) for government and military purposes is projected to propel the market.
• The Internet of Things (IoT) has significantly impacted various sectors, including SATCOM, significantly propelling the satellite communication market share. Millions of devices depend on satellite services and these devices serve diverse sectors such as infrastructure, environmental monitoring, military support, shipping, and aviation. Particularly in the aviation sector, the integration of IoT has the potential to propel the market growth in the foreseeable future.

Market Segmentation

Global Satellite Communication Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Breakup by Type

• Equipment
• Service

Breakup by End Use

• Maritime
• Defence and Government
• Enterprises
• Media and Entertainment
• Mining and Oil and Gas
• Agriculture
• Transportation
• Others

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share by Type

Equipment is projected to experience a notable growth throughout the forecast period. Several factors contribute to this growth, including the escalating need for continuous communication in sectors such as energy and utilities, agriculture, oil and gas, as well as defence. Additionally, the segment is expected to benefit from the expanding fleet of autonomous and connected vehicles.

Market Share by End Use

Media and broadcasting capture a significant share of the revenue in the satellite communication market. This can be attributed to the extensive utilisation of satellites for broadcasting purposes and the seamless coverage achieved through remote operations. Furthermore, government and defence units are using satellite communication to maximise operational effectiveness.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global satellite communication market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

Thales Group

Thales Group is a multinational company that operates in various sectors, specialising in aerospace, defence, security, and transportation. Established in 2000, and located in France, the company invests a significant portion of its revenue into technological advancements for various sectors, including aerospace, defence, security, space, transportation, and connectivity, among others.

Iridium Communications Inc.

Iridium Communications Inc. is a global satellite communications company that provides voice and data communication services. Since its establishment in 2001, the company has successfully operated the Iridium satellite constellation, consisting of 66 active satellites positioned in low Earth orbit (LEO). This innovative constellation empowers Iridium to deliver dependable and uninterrupted communication services to every corner of the globe, including remote and polar regions.

SES S.A.

SES S.A. headquartered in Luxembourg, is a prominent global telecommunications company and satellite operator. With its establishment in 1985, SES has emerged as a leading player in the satellite sector, offering a diverse portfolio of satellite-based services and solutions to clients spanning multiple sectors. SES manages an extensive fleet of satellites that are strategically located in both geostationary orbit (GEO) and medium Earth orbit (MEO).

Other market players include Thuraya Telecommunications Company, Cobham Limited, Viasat, Inc., Orbcomm Inc., L3Harris Technologies Inc., ST Engineering iDirect, Inmarsat Global Limited, and Gilat Satellite Networks Ltd., among others.