Press release
Satellite Internet Market Is Projected To Reach US$ 29.7 Billion with a 13.5% CAGR By 2034
The global satellite internet market is approximated at a size of US$ 8.4 billion in 2024 and has been analyzed to expand at a CAGR of 13.5% through 2034, says Fact.MR, a market research and competitive intelligence provider, in its freshly updated industry report.Users across the globe are searching for 24x7 internet connectivity without disturbance across the globe. Satellite internet has the capacity to reach difficult and challenging locations effectively. Satellite internet is also emerging as a vital component of wireless communication systems. The less dependency on ground structure is making satellite internet a popular choice.
Ongoing advancements in the wireless communication systems such as the emergence of 5G & 6G networks and integration of latest digital technologies such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), Internet of Robotics (IoR), cloud and edge computing and big data analytics are supporting the satellite internet market growth. Several governments across the globe are implementing supportive incentives and subsidies, which are expected to boost the adoption of satellite broadband services in the coming decade.
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7021
Satellite internet is gaining importance in logistics sector due to its efficient mapping and tracking features. Satellite internet is also widely used in military sector for secure and reliable communication and data transfer.
North America is one of the most profitable marketplaces for satellite internet producers. The presence of tech savvy consumers and industry leaders are aiding the satellite internet market growth in North America. East Asia is also emerging as a noteworthy market to invest in. Countries like Japan, which are prone to natural disasters are expected to witness high demand for Satellite internet in the coming decade.
Key Takeaways from Market Study
The global satellite internet market is forecasted to reach US$ 29.7 billion by 2034.The United States is anticipated to account for 45.6% of the North American market share by 2034.
Demand for satellite internet in Japan is projected to increase at a CAGR of 14% through 2034.Satellite internet demand in military sector is projected to reach a market value of US$ 7.7 billion by 2034.
"Limited internet availability in rural areas combined with high smartphone penetration will be key factors driving demand for satellite internet services," says a Fact.MR analyst.
Key Market Players
Some of the leading providers of Satellite Internet Market are SpaceX; E-Space; Rivada Space Networks; OnWeb; Telesat; LeoSat; Space Norway; Starlink; SES (O3b); Hughes Communications; Viasat
Winning Strategy
Leading satellite internet providers are adopting strategies such as collaborations, partnerships, mergers, acquisitions, and licensing to earn high profits and boost market reach. Some of the leading companies such as OneWeb, Starlink, and Telesat are entering new markets through partnerships with existing players. They are also applying for commercial licenses to serve target audience.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7021
Insights by country:
In the United States, the presence of major market players and a tech-savvy consumer base are driving the adoption of satellite internet services. The introduction of cutting-edge digital technologies like cloud computing, edge computing, Internet of Things (IoT), artificial intelligence (AI), and advancements in wireless communication such as 5G and the upcoming 6G are poised to propel significant growth in the satellite internet market across the nation in the next decade.
Competitive Landscape
Presently, satellite internet technology is advancing and continuously evolving to meet customer requirements, with developers actively assessing these needs. Throughout the forecast period, satellite internet is expected to maintain a dominant position in the overall satellite market.
Satellites serve as the backbone of the satellite broadband ecosystem. Mastery in their development and manufacturing offers satellite internet providers cost-effectiveness and reduces dependency.
While SpaceX manufactures its own satellites, other low Earth orbit (LEO) satellite operators often outsource satellite manufacturing to companies like Airbus and Boeing.
In 2023, Amazon, a newcomer to the satellite internet market, entered a contract with SpaceX for three Falcon 9 launches. This agreement supports the deployment plans for Project Kuiper, Amazon's LEO satellite broadband network.
For comprehensive insights into the satellite internet market, including price points of key providers worldwide, sales growth, production capacity, and anticipated technological advancements, refer to the latest report by Fact.MR.
About Fact.MR:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Satellite Internet Market Is Projected To Reach US$ 29.7 Billion with a 13.5% CAGR By 2034 here
News-ID: 3585938 • Views: …
More Releases from Fact.MR

Intelligent Transport System Market is Evaluatedto Reach USD 63.77 Billion by 20 …
Fact.MR today released its latest report on the Intelligent Transport System (ITS) Market, projecting robust growth driven by increasing urbanization, rising demand for efficient traffic management, and advancements in smart mobility technologies. Valued at USD 30.66 billion in 2024, the global market is forecasted to expand at a compound annual growth rate (CAGR) of 7.6%, reaching USD 63.77 billion by 2034. This significant growth underscores the critical role of ITS…

Digital Door Lock System Market is Growing at a CAGR of 16% by 2034 | Key Player …
Digital Door Lock System Market is valued at USD 11 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 16%, reaching USD 48.7 billion by 2034. This remarkable growth is driven by the increasing popularity of smart homes, which integrate advanced security features for enhanced convenience and protection. Digital door lock systems, utilizing technologies like biometrics and wireless connectivity, offer keyless entry, remote…

Electronic Access Control Systems Market is Estmated to Reach USD 32.5 Billion b …
The global electronic access control systems market is valued at USD 14.64 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 8.3%, reaching USD 32.5 billion by 2033. This growth is driven by the increasing need for advanced security solutions amid rising threats of terrorism, break-ins, and data breaches. Electronic access control systems, encompassing biometrics, card-based, keypad, intruder alarm, and perimeter security technologies,…

Neurology Devices Market is Estimated to Reach USD 22,335.5 Million by 2035 | Fa …
Neurology Devices Market was valued at USD 10,944.3 million in 2024 and is forecasted to expand at a CAGR of 6.7%, reaching USD 22,335.5 million by 2035. This growth reflects the increasing demand for advanced diagnostic and therapeutic tools to address neurological disorders, including Alzheimer's disease, Parkinson's disease, major depression, epilepsy, spinal cord injury, and traumatic brain injury. Neurology devices play a crucial role in diagnosing, preventing, and treating these…
More Releases for Satellite
Military Satellite Market Size, Military Satellite Market Forecast, Military Sat …
According to The Insight Partners, "Military Satellite Market" report 2028, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Military Satellite Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Military Satellite Market is based on company profiles and their efforts on increasing product value…
Satellite Transponders Market to Witness Huge Growth by 2026| APT Satellite Comp …
Latest released the research study on Global Satellite Transponders Market, offers a detailed overview of the factors influencing the global business scope. Satellite Transponders Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Satellite Transponders.
The study covers emerging player's data, including: competitive…
Satellite Transponders Leasing Market Is Booming Worldwide | SingTel Optus, MEAS …
HTF MI recently introduced Global Satellite Transponders Leasing Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Intelsat, SES, Eutelsat, SingTel Optus, MEASAT satellite systems, Asia Broadcast…
Satellite Transponders Leasing Market 2019: Comprehensive Study by Key Players I …
The growing demand for C band and Ku band transponder by the commercial sector across the globe to spur the satellite transponders leasing market in the coming years. Along with the digitization of the broadcasting industry and emergence of enhanced TV media, such as HD and UHD TV the number of subscribers for advanced media broadcasting have increased. Also, the rising demand for OTT and demand based supply of channels…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is driven by increase in demand for direct to home (DTH) television, high definition TV conversion, and intercontinental transmission in developed economies. In addition, continuous growth of video diffusion and internet access, increase in demand for digital TV and growth in communication and broadcasting market fuels the market growth. However, technology risk, spectrum access risk, and increase in competition from fiber optical cable limit the market…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is segmented on the basis of type, end user, and application. Type segment covered in this study include large satellite, mini satellite, micro satellite, and nano satellite. Based on end user, the market is categorized into commercial, civil, government, and others. On the basis of application, the market is divided into scientific research, technology demonstration and verification, earth observation and remote sensing, scientific research, communication, and…