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Market Overview:
The Satellite Communication Market size is estimated to reach $15.18 Billion by 2030, growing at a CAGR of 9.4% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Satellite Communication Market ––– By Technology (Satellite Telemetry, AIS, VSAT and Others), By Communication Network (Satellite Internet Protocol Terminals, Gateways, Modems and others), By Satellite Services (FSS, BSS, MSS, RNSS, Metrological Satellite Services, SBS, RSS), By Communication Equipment (Network Equipment (Earth Station Antennas Systems, Frequency and Baseband Equipment, Modems, Multiplexing, Packet Processing), Consumer Devices (Satellite TV Dishes, Satellite Radio Equipment, Satellite Broadband Dishes, Others)), By End User (Media & Entertainment, Aviation, Retail, Telecom & IT, Tele-Education, Marine, Transportation, Others), By Geography- Global Opportunity Analysis & Industry Forecast, 2023-2030”
Rise of Low Earth Orbit (LEO) Satellites and Growing Demand for Satellite-Based IoT Connectivity are fueling the growth of the Satellite Communication industry during the forecast period.
North America Dominated the Market in 2023:
North America held the largest share of 43% in the Satellite Communication Market due to the region's advanced technological infrastructure, significant investments in satellite technologies, and the presence of key market players. The United States, in particular, leads the market with the deployment of satellite communication systems for military, commercial, and scientific applications. Companies such as SpaceX, Hughes Network Systems, Viasat, and Iridium Communications are driving innovation in satellite broadband services, IoT connectivity, and satellite-based navigation systems. Additionally, the growing demand for high-speed internet in remote areas, disaster management solutions, and 5G network expansion further fuels market growth. Government initiatives like NASA's space programs and the U.S. Department of Defense's reliance on satellite communications for defense operations also contribute to the region's dominance. In March 2024, the US Government relies extensively on satellite networks to enhance national security, improve public services, and engage in scientific research. These sophisticated networks provide critical capabilities for military communications, intelligence gathering, and surveillance, ensuring a comprehensive situational awareness that is vital for national defense and security. The increasing adoption of LEO satellite constellations and software-defined satellites is expected to further strengthen North America's position in the satellite communication market.
Satellite Communication Market: Key Takeaways
Rise of Low Earth Orbit (LEO) Satellites:
The increasing deployment of Low Earth Orbit (LEO) satellites is one of the most prominent trends in the satellite communication market. Unlike traditional geostationary satellites, LEO satellites orbit at lower altitudes (500–2,000 km), resulting in reduced signal latency and higher data transmission speeds. Companies like SpaceX (Starlink), Amazon (Project Kuiper), and OneWeb are heavily investing in LEO satellite constellations to provide global broadband internet coverage. The demand for high-speed, low-latency internet services in remote and underserved regions is a major driver behind this trend. LEO satellites also play a crucial role in IoT applications, defense communications, and disaster management. Additionally, the lower manufacturing and launch costs of LEO satellites compared to geostationary satellites are accelerating their adoption. However, challenges such as satellite congestion and debris management need to be addressed to ensure sustainable growth. The world is witnessing an unprecedented surge in satellite launches in February 2025, with about 10 times more satellites now active compared to a decade ago, mostly in low Earth orbit (LEO). The first episode of ITU’s Space Connect examined the fundamentals of LEO satellite constellations, revealing key trends and drivers behind this game-changer in space-based digital communications.
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Growing Demand for Satellite-Based IoT Connectivity:
Satellite-based IoT connectivity is emerging as a critical trend as industries seek reliable communication solutions for remote and hard-to-reach areas. Industries like agriculture, logistics, mining, and maritime increasingly use satellite networks to connect IoT devices for real-time monitoring and data collection. These networks enable applications such as asset tracking, environmental monitoring, and predictive maintenance. Companies like Inmarsat, Iridium Communications, and Globalstar are expanding their satellite IoT services, offering low-power, low-bandwidth connectivity options. As IoT adoption grows, satellite communication will play a key role in creating seamless global coverage. However, the high cost of satellite IoT solutions compared to terrestrial networks remains a challenge, making hybrid satellite-terrestrial solutions more popular. The agency evaluated the feasibility of employing commercial satellite communications (SATCOM) networks for near-Earth operations. NASA’s Space Communications and Navigation program, known as SCaN, is actively pursuing commercial communications services for missions in near space. In 2022, CSP awarded six Funded Space Act Agreements (FSAA) with commercial partners to develop and demonstrate space-based relay services for NASA missions.
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Recent Developments
• In September 2022, Hughes Communications India has launched India's first High-Throughput Satellite broadband service, utilizing ISRO's GSAT-11 and GSAT-29 satellites along with Hughes JUPITER™ Platform ground technology. It delivers high-speed connectivity across India, supporting enterprise and government networks, community internet access, SD-WAN solutions, mobile network extension, and satellite internet for small businesses.
• In November 2023, Viasat, Inc. and Skylo Technologies introduced the world's inaugural global direct-to-device (D2D) network, revolutionizing connectivity for consumers, businesses, and governments worldwide. Leveraging Viasat's expertise in satellite communications and Skylo's non-terrestrial network (NTN) services, this partnership unlocks vast potential for direct connectivity.
• In July 2023, the SYRACUSE 4B secure military communications satellite, developed by Airbus and Thales Alenia Space, was triumphantly launched from the Guiana Space Center. This historic event marked the final mission for the Ariane 5, Europe's esteemed heavy launcher
Satellite Communication Market: Competitive Landscape
Key companies profiled in the Satellite Communication Market are AsiaSat, Hughes, Bharti Airtel, Space Star Technology, Airbus SE, Thales Group, L3Harris Technologies Inc., Swarm Technologies, Inc., Viasat, Inc., General Dynamics and others.
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