Satellite Services Market Report 2025

The satellite services market size has grown strongly in recent years. It will grow from $141.98 billion in 2024 to $151.41 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth during the historic period can be linked to increased government investments, expansion of global data traffic, advancements in autonomous vehicle navigation systems, growth in worldwide e-commerce logistics, and a rise in cross-border digital connectivity initiatives.

The satellite services market size is expected to see strong growth in the next few years. It will grow to $193.87 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The projected growth during the forecast period can be attributed to the expanding adoption of satellite broadband, the rising demand for dependable connectivity, increased use of satellites in military and defense sectors, a growing need for earth observation and remote sensing for climate monitoring, and heightened demand for high-speed internet and global communication. Key trends expected in this period include technological innovations, laser-based inter-satellite communication, reusable launch technologies, quantum sensing developments, and overall advancements in satellite systems.

The growing demand for high-speed internet and global connectivity is expected to drive the expansion of the satellite services market. High-speed internet and global connectivity enable rapid and widespread access to digital networks, facilitating seamless communication, data transfer, and online services worldwide. This demand is increasing due to greater reliance on digital platforms for work, education, and communication, making uninterrupted and fast internet access crucial for daily life and economic productivity. Satellite services provide this high-speed internet and connectivity by using orbiting satellites to wirelessly transmit data between ground stations and user terminals, bypassing terrestrial infrastructure. For example, in November 2024, Telefonaktiebolaget LM Ericsson, a Sweden-based telecommunications firm, projected that by 2030, global 5G subscriptions will reach about 6.3 billion, representing 67% of all mobile subscriptions worldwide. Therefore, the rising demand for fast internet and global connectivity is fueling growth in the satellite services market.

Leading companies in the satellite services market are concentrating on developing advanced technologies such as broadband services to improve global connectivity. Broadband service refers to high-speed internet access that supports activities like streaming, web browsing, and digital communication by enabling rapid data transmission. For instance, in September 2022, Hughes Communications India Private Limited, an India-based provider of broadband satellite and managed network services, launched the High-Throughput Satellite (HTS) broadband service to meet growing bandwidth needs across industries including telecom, finance, government, and energy. Supported by the advanced satellite capabilities of the Indian Space Research Organization (ISRO), this service offers affordable, multi-megabit internet connectivity even in remote and underserved areas. By strengthening enterprise and government networks, the HTS service plays a key role in bridging connectivity gaps and driving India’s digital transformation.

In May 2023, ViaSat Inc., a US-based communications company, acquired Inmarsat Global Ltd. for an undisclosed sum. The acquisition aims to create a stronger and more innovative entity within the satellite communications industry, expanding services and enhancing capabilities to serve a broader customer base. This move is expected to improve products and services, opening new revenue streams and growth opportunities. Inmarsat Global Ltd. is a UK-based satellite telecommunications company specializing in satellite services.

Major players in the satellite services market are The Boeing Company, General Dynamics Mission Systems Inc., EchoStar Corporation, ViaSat Inc., Tata Communications, SES S.A., Eutelsat Communications S.A., Airbus Defence and Space, Iridium Communications Inc., Comtech PST Corp., China Satellite Communications Co. Ltd., Gilat Satellite Networks Ltd., Asia Satellite Telecommunications Company Limited, APT Satellite Holdings Limited (Apstar), Campbell Scientific Inc., Fleet Space Technologies Pty Ltd, Digisat International Inc., Antrix Corporation Limited, Blue Sky Network LLC, and SKY Perfect JSAT Holdings Inc.

North America was the largest region in the satellite services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in satellite services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the satellite services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.

Satellite services cover a broad spectrum of functions, including communication, broadcasting, navigation, earth observation, and data relay, all provided through satellites orbiting the Earth. These services play a crucial role in industries like telecommunications, internet connectivity, defense, weather forecasting, and remote sensing. They are especially vital for connecting remote areas and enabling uninterrupted global information exchange.

The primary categories of satellite services include consumer services, fixed satellite services, mobile satellite services, and earth observation services. Consumer satellite services involve satellite-based communication solutions such as internet, television, and phone services delivered directly to individuals or households. Deployment models are classified into public cloud, private cloud, and hybrid cloud, and these services cater to end-users across sectors like media and entertainment, government, aviation, defense, aerospace, retail, enterprise, and more.

The satellite services market research report is one of a series of new reports that provides satellite services market statistics, including satellite services industry global market size, regional shares, competitors with a satellite services market share, detailed satellite services market segments, market trends and opportunities, and any further data you may need to thrive in the satellite services industry. This satellite services 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 services market includes revenues earned by entities by providing services such as maritime communication services, aviation communication services, and satellite imaging. 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.

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