Satellite Communication (SATCOM) Market

Satellite Communication (SATCOM) Market Size and Share:

The global satellite communication (SATCOM) market size was valued at USD 92.15 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 184.7 Billion by 2033, exhibiting a CAGR of 7.63% during 2025-2033. North America currently dominates the market, holding a significant market share of over 42.9% in 2024. The market is experiencing significant growth driven by the rising demand for internet services across geographically dispersed regions, escalating requirements for communication networks in defense and military services, the development of satellite-based services for broadcasting and media transmission, and satellite technology utilization for disaster management and crisis response.

The satellite communication (SATCOM) market is driven by increasing demand for high-speed internet in remote and underserved regions where terrestrial infrastructure is limited. Defense and military applications requiring secure, real-time communication are significant contributors to market growth. The rising adoption of SATCOM in commercial aviation, maritime, and disaster response sectors is also expanding market opportunities. Advancements in satellite technologies, including high-throughput satellites and low-earth orbit (LEO) constellations, are improving connectivity, speed, and latency. The integration of satellite networks with 5G and IoT applications further enhances use cases across industries. Additionally, public and private investments, favorable government policies, and international collaborations to expand satellite broadband coverage are propelling growth.

There is a rising focus on establishing domestic production capabilities for satellite communication terminals, driven by the need to enhance supply chain resilience and national security. Manufacturers are increasingly setting up US-based facilities to ensure compliance with sourcing standards and meet defense communication requirements with greater speed, security, and reliability. For instance, in March 2025, Intellian Technologies inaugurated its first US manufacturing line in Irvine, California, to produce ARC-M4 Block 1 (AN/USC-75) satellite communication terminals. This initiative aims to bolster US supply chain resilience and national security by ensuring components are sourced from approved suppliers.

Satellite Communication (SATCOM) Market Trends:

Rising Demand in Government and Military Services

The SATCOM market trends include rising demand from the government and military systems, and many global and regional countries are investing in SATCOM equipment. For instance, the United States Department of Defense is the biggest procurer of these services with secure and pervasive satellite communication services for operations in distant and threatening terrains. This is particularly realized in the Military satellite communications driving the ISR operations, hence driving the market. The 2024 National Defense Strategy further underscores the importance of advanced space capabilities, with a focus on intelligence, surveillance, reconnaissance (ISR), and resilient communications. Australian Government Department of Defence states that through the USD 9- USD 12 Billion Integrated Investment Program, the strategy aims to counter emerging threats by enhancing satellite communication infrastructure and operational readiness. Also, other nations are developing their satellite facilities to cater to defense, disaster response, and border control which has augmented the demand for SATCOM solutions, thus creating a favorable satellite communication (SATCOM) market outlook.

Increasing Use of SATCOM for Mobile Applications

The need for reliable and enhanced connectivity in mobile applications and its penetration across many sectors, such as maritime and aviation, fuels the SATCOM market. According to reports, in 2023, global maritime trade grew by 2.4% to 12.3 Billion Tons. As per the International Maritime Organization, international conventions such as the International Maritime Organization’s Safety of Life at Sea (SOLAS) convention require reliable communication systems for safety, hence propelling the demand for satellite broadband services in ships. Along with this, the communication system in the aviation industry needs a better SATCOM system for better passenger interaction and better operation in the flight, which in turn has augmented the satellite communication (SATCOM) demand. Thus, the dependence of these sectors on continuous and worldwide communication services promotes the market development and the technological progress of satellite communications.

Integration with 5G Technology

The penetration of 5G services along with its deployment and adoption plays a significant role in driving the market. Global 5G population coverage is expected to reach 55 percent at the end of 2024. Satellite technology is crucial in increasing network connectivity to isolated areas, which cannot be connected through wireline networks. For instance, Nokia reported that the increased use of Lower Earth Orbit (LEO) satellites, which offer lower latency, and improvements in Geostationary (GEO) satellites improve the efficiency of satcoms where the evolution of 5G is required for connectivity. These satellite communication (SATCOM) market insights guarantee compatibility and broadband services in the delivery of smart cities, IoT, and other progressive information communication technologies which will define the advancement of SATCOM.

Satellite Communication (SATCOM) Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global satellite communication (SATCOM) market, along with forecasts at the global, regional, and country levels from 2025-2033. The market has been categorized based on component, application, and end use industry.

Analysis by Component:

• Equipment
  • Transmitter/Transponder
  • Antenna
  • Transceiver
  • Receiver
  • Modem/Router
  • Others
• Services

As per the satellite communication (SATCOM) market forecast, the equipment segment holds a larger share of the satellite communications (Satcom) market due to stringent upstream hardware requirements for the satellite. These are the ground stations, satellite terminals, and antenna systems that play a major role in sending and receiving signals. New equipment technology is another factor that pushes efficiency and performance; examples include high-throughput satellites (HTS) and phased-array antennas. New and updated legacy systems continue to be reinstated, which helps the market move forward. Furthermore, the rising utilization of satellite broadband services and the development of huge-scale satellite constellations fuel the growth of the equipment. According to the US Bureau of Economic Analysis (BEA), the satellite equipment market reached approximately USD 14.2 Billion in 2023, highlighting its significant contribution to the overall SATCOM market. This satellite communication (SATCOM) market dynamics reflects the crucial role that equipment plays in supporting satellite communications infrastructure.

Analysis by Application:

• Voice Communication
• Broadcasting
• Data Communication

As per the satellite communication market research report, broadcasting holds the largest segment with a share of 39.8% in 2024 due to its applicability in delivering television, radio, and digital content to viewers across different regions. Satellite technology offers huge reception capability, thus ensuring that signal broadcasts both in urban centers and the outskirts are clear and concise. The sector appreciates the possibility of real-time material distribution concerning a wide geographical area, broadcasts, and news. The transition from high-definition (HD) and ultra-high-definition (UHD) broadcasting also contributes to the need for high satellite solutions. Moreover, satellite broadcasting provides absorbing and actively developing kinds of media services, namely DTH service and OTT service. According to the Federal Communications Commission (FCC), satellite broadcasting accounted for approximately 45% of the total satellite communication market revenue in 2022, highlighting its significant role and market dominance.

Analysis by End Use Industry:

• Aerospace and Defense
• Transportation and Logistics
• Agriculture
• Government and Military
• Media and Entertainment
• Others

The government and military represent the largest segment, with a total share of 40.2% in 2024 in the SATCOM market, as reliable and extensive communication networks in these segments are very important. Satellites are indispensable for defense, intelligence, and national security and their proper functioning regardless of the conditions of confrontation, including in a war situation and emergencies. The military spends more on satellites requesting reliable and real-time information with more emphasis on coverage. Moreover, it is required to state that government contracts usually mean large budgets, which creates market demands and development. According to the US Department of Defense (DoD), military spending on satellite communications was estimated at USD 10.3 Billion in the fiscal year 2023, illustrating the substantial investment and dominance of this sector in the overall market.

Regional Analysis:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The North America region dominates the market, with a share of 42.9% in 2024, due to its highly developed technology and infrastructure, high levels of investment, and high demand for superior connectivity. The space industry is well-developed in the region due to industry leaders such as SpaceX, Boeing, and SES thus propelling the deployment of advanced satellite systems. More support from the government alongside the effective infrastructure in the regulatory part acts as a significant propeller for growth. The presence of the US military as a major buyer for satellite communications for defense and intelligence is also a major factor propelling the leadership of the region’s market. Along with this, for VPN the increase in the demand for broadband in the rural areas and disaster recovery is apparent. A report by the U. S. Federal Communications Commission (FCC) reveals that the North America region constituted nearly 38% of the Satcom market revenue in 2022 and is therefore the leading region.

Key Regional Takeaways:

United States Satellite Communication (SATCOM) Market Analysis

The United States held a share of 88.2% in 2024 in North America. The market is experiencing steady growth due to increasing demand across various sectors, including defense, aviation, maritime, and telecommunications. Expanding broadband connectivity needs, rising data consumption, and growing technological advancements drive market expansion. Government and private sector investments in secure communication networks, remote sensing, and space-based internet services are also contributing to the sector's growth. The development of high-throughput satellites, low-earth orbit constellations, and integration with 5G networks are enhancing connectivity capabilities. Additionally, the adoption of satellite-based communication for disaster management, remote education, and healthcare applications is further propelling market demand. The economic contributions of advancements in satellite technology are becoming increasingly evident, as reflected in recent industry reports highlighting the significant financial impact of space-related investments. Notably, the latest Economic Impact Report underscored a USD 75.6 Billion contribution from NASA to the economy, emphasizing the sector’s value to society and its strong return on investment. With a growing emphasis on innovation, research, and commercial applications, satellite communication continues to play a pivotal role in driving economic growth, enhancing national security, and improving global connectivity.

Europe Satellite Communication (SATCOM) Market Analysis

The Europe satellite communication market is evolving rapidly, driven by increasing demand for secure and reliable connectivity across industries such as defense, media, and maritime. Continuous advancements in satellite technology, including higher bandwidth capacity and enhanced coverage, are accelerating market growth. The increasing use of satellite communication for broadband expansion, autonomous vehicle networks, and emergency response services is boosting market adoption. Regulatory support for the deployment of new satellite networks, along with collaborations between public and private sectors, is further fueling advancements. For instance, as per the European Investment Bank, financial institutions are increasingly supporting satellite projects, as seen in a EUR 30 Million loan signed to co-finance the rollout of a constellation of over 100 low earth orbit (LEO) satellites aimed at providing IoT connectivity. Such investments are accelerating innovation in the sector, enabling seamless integration of satellite systems with terrestrial networks to enhance connectivity in rural and underserved areas.

Asia Pacific Satellite Communication (SATCOM) Market Analysis

The Asia Pacific satellite communication market is witnessing substantial growth due to rising demand for internet access, remote connectivity, and digital transformation across industries. Expanding telecommunications infrastructure, increasing defense applications, and growing adoption of satellite-based navigation systems are some of the key drivers. According to the India Brand Equity Foundation, India's internet user base is poised to exceed 900 Million by 2025, highlighting the rising demand for enhanced connectivity solutions. This surge is driving investments in satellite-based broadband, especially in rural and remote areas. Advancements in satellite miniaturization, the rise of low-earth orbit satellite networks, and increasing investments in space-based communication solutions are further propelling the market. The use of satellite technology in agriculture, disaster management, and smart city development is also expanding market opportunities.

Latin America Satellite Communication (SATCOM) Market Analysis

The Latin America satellite communication market is expanding due to increased demand for connectivity in remote areas, defense applications, and broadcasting services, driven by improved communication infrastructure, internet penetration, and advancements in satellite technology. Additionally, strategic government initiatives are playing a crucial role in market development. The Presidency of the Republic states that the Brazilian Federal Government launched Mission 6 objectives of New Industry Brazil, aiming to promote strategic technologies for national sovereignty and defense. With investments totaling BRL 112.9 Billion, this mission seeks to expand regional dominance in areas such as radars, satellites, and rockets, further strengthening the satellite communication sector. The use of satellite communication in sectors such as maritime, energy, and disaster response is also supporting market growth.

Middle East and Africa Satellite Communication (SATCOM) Market Analysis

The Middle East and Africa satellite communication market is expanding due to increased reliance on satellite technology for secure communication, broadband access, and defense applications. Growth in the energy, mining, and aviation sectors is boosting market expansion. Technological advancements, such as high-throughput satellites and low-earth orbit constellations, and the integration of satellite communication with IoT and 5G technologies create new opportunities. Space technology holds immense socioeconomic potential for the region, with its market valued at GBP 16.16 Billion in 2021 and projected to grow to GBP 18.77 Billion by 2026, according to Innovate UK. This growth is driven by investments in space-based infrastructure, satellite broadband expansion, and socio-economic development initiatives, with increasing demand for satellite applications in agriculture, disaster management, and smart city projects.

Competitive Landscape:

The SATCOM market is witnessing frequent partnerships, funding rounds, and government initiatives, especially around LEO constellations and satellite broadband. Collaborations between private firms and space agencies, like ESA and NASA, are rising. Product launches remain steady, while R&D is intensifying in hybrid 5G-satellite integration. Currently, public-private partnerships and funding for constellation deployment are most common.

The report provides a comprehensive analysis of the competitive landscape in the SATCOM market with detailed profiles of all major companies, including:

• Cobham Limited
• EchoStar Corporation
• General Dynamics Corporation
• Gilat Satellite Networks
• Honeywell International Inc.
• L3Harris Technologies Inc.
• SES S.A
• SKY Perfect JSAT Holdings Inc.
• Telesat (Loral Space & Communications Inc.)
• Thuraya Telecommunications Company (Al Yah Satellite Communication Company)
• Viasat Inc.

Latest News and Developments:

• February 2025: Gilat Satellite Networks launched a Defense Division to meet growing government and military SATCOM demands, appointing Gilad Landsberg as President. The division focuses on secure, rapid-deployment communications for the US DoD, NATO, and allies. Gilat Defense showcased innovations at Satellite 2025, emphasizing resilient, high-redundancy connectivity for modern defense operations.
• December 2024: At MEBAA 2024, Honeywell signed an MoU with Sino Jet to enhance collaboration in aviation services and next-gen connectivity, including the JetWave X SATCOM system. This system leverages Viasat’s Ka-band network for high-speed inflight connectivity. Both companies aim to improve passenger experience, safety, and operational efficiency in business aviation.
• June 2024: Hughes Europe expanded into the military, defense, and government sectors across Europe through a collaboration with Telespazio. Utilizing the Konnect VHTS satellite and Hughes JUPITER System, they aimed to provide secure, high-speed connectivity for military operations. The partnership sought to enhance ISR, BVLoS communications, and government network solutions across the region.
• April 2024: Cobham Satcom and China TranTech signed a strategic contract for the largest delivery of SAILOR XTR Ku VSAT antennas to China. The deal included training and global support to enhance maritime connectivity. The SAILOR XTR platform was chosen for its reliable, high-speed performance and flexibility in extreme conditions.
• March 2024: John Deere announced a strategic partnership with SpaceX to enhance rural connectivity for farmers via satellite communications. This collaboration aims to improve data access and operational efficiency in agriculture through advanced satellite technology.

Satellite Communication (SATCOM) Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the satellite communication (SATCOM) market from 2019-2033.
• The satellite communication (SATCOM) market research report provides the latest information on the market drivers, challenges, and opportunities in the global market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the satellite communication (SATCOM) industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.