openPR Logo
Press release

Satellite Communication Market Size, Share, Trends and Forecast | 2034

01-23-2025 02:13 PM CET | IT, New Media & Software

Press release from: Expert Market Research

Satellite Communication Market

Satellite Communication Market

Satellite Communication Market Outlook

According to the report by Expert Market Research (EMR), the global satellite communication market size was approximately USD 55.97 billion in 2024. Aided by the rapid expansion of satellite internet services, the market is projected to grow at a CAGR of 10.40% between 2025 and 2034, to reach around USD 136.37 billion by 2034.

Get a Free Sample Report with Table of Contents- https://bityl.co/Rwas

The global satellite communication market is undergoing a transformative phase, marked by significant technological advancements, increased demand across various sectors, and a burgeoning interest in enhancing global connectivity. Satellite communication, defined as the use of artificial satellites to provide communication links between various points on Earth, encompasses a wide range of applications, including television broadcasting, internet services, telephony, and military communications. These systems utilize satellites in different orbits, such as geostationary, medium, and low Earth orbits, to relay signals across vast distances, ensuring uninterrupted and high-quality communication services.

One of the most prominent satellite communication market trends is the rapid expansion of satellite internet services. With the growing need for reliable and high-speed internet access in remote and underserved areas, satellite communication offers a viable solution to bridge the digital divide. Companies like SpaceX with its Starlink project, Amazon's Project Kuiper, and OneWeb are spearheading efforts to deploy constellations of low Earth orbit (LEO) satellites designed to provide global internet coverage. These LEO satellites offer lower latency and higher bandwidth compared to traditional geostationary satellites, making them ideal for internet services. The increased deployment of these satellite constellations is expected to revolutionize internet accessibility, particularly in rural and remote regions, thereby driving market growth.

The integration of satellite communication with 5G technology is another significant trend boosting the global satellite communication market demand. As the world moves towards the widespread adoption of 5G networks, the role of satellites in complementing terrestrial 5G infrastructure becomes increasingly vital. Satellites can provide backhaul for 5G networks, extending coverage to areas where terrestrial infrastructure is challenging to deploy. This synergy between satellite and 5G technologies enhances the overall network performance, offering seamless connectivity and supporting a wide range of applications, including IoT, autonomous vehicles, and smart cities. The collaboration between satellite operators and telecom companies is expected to accelerate the deployment of 5G networks, further driving the demand for satellite communication solutions.

The defence and military sector remains a critical contributor to the rising satellite communication market value. Satellite communication systems are indispensable for modern military operations, providing secure and reliable communication links for command and control, intelligence, surveillance, and reconnaissance (ISR) missions. The increasing geopolitical tensions and the need for advanced defense capabilities are prompting governments to invest heavily in satellite communication infrastructure. Innovations in military satellite communication, such as the development of high-throughput satellites (HTS) and anti-jamming technologies, are enhancing the operational capabilities of defense forces. This sustained investment in military satellite communication is a significant factor contributing to market growth.

In the commercial sector, the growing demand for satellite-based services in maritime and aviation industries is significantly aiding the satellite communication market expansion. In maritime communication, satellites provide critical connectivity for ships at sea, enabling real-time data exchange for navigation, safety, and operational efficiency. The aviation industry also relies on satellite communication for in-flight connectivity, air traffic management, and safety services. The increasing adoption of satellite communication in these industries is driven by the need for continuous and reliable communication links, regardless of geographical constraints. This trend is expected to continue as the demand for enhanced connectivity and operational efficiency in maritime and aviation sectors grows.

According to the satellite communication market analysis, environmental monitoring and disaster management represent another vital application segment. Satellites equipped with advanced sensors and communication capabilities play a crucial role in monitoring environmental changes, tracking natural disasters, and coordinating emergency response efforts. The ability to provide real-time data and communication links during disasters is invaluable for saving lives and mitigating damage. The increasing frequency and severity of natural disasters, coupled with the need for effective disaster management solutions, are driving the adoption of satellite communication in this domain. Governments and international organizations are investing in satellite-based systems to enhance their disaster preparedness and response capabilities.

Read Full Report with Table of Contents- https://bityl.co/Rwan

The satellite communication market share in the commercial segment also benefits from advancements in satellite manufacturing and launch technologies. The development of smaller, cost-effective satellites and reusable launch vehicles has significantly reduced the cost of deploying satellite constellations. Companies like SpaceX, Blue Origin, and Rocket Lab are pioneering efforts in this area, making satellite launches more affordable and frequent. This reduction in launch costs is lowering the entry barriers for new players and enabling the deployment of more satellite constellations, thereby expanding the market.

The trend towards the miniaturization of satellite technology is another key driver of the satellite communication market growth. Small satellites, or smallsats, are gaining popularity due to their lower manufacturing and launch costs, coupled with their ability to perform a wide range of functions. These smallsats are being used for various applications, including Earth observation, communication, and scientific research. The growing interest in smallsat missions is fostering innovation and driving investment in the market.

However, the satellite communication market faces challenges such as spectrum congestion and regulatory hurdles. The increasing number of satellites being launched into orbit raises concerns about spectrum allocation and interference. Regulatory bodies are working to address these issues by developing frameworks for spectrum management and orbital debris mitigation. Effective regulatory measures are essential to ensure the sustainable growth of the market for satellite communication.

Satellite Communication Market Segmentation

The global satellite communication market can be divided based on type, end use, and region.

Market Breakup by Type

Equipment
Service

Market Breakup by End Use

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

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global satellite communication market. Some of the major players explored in the report by Expert Market Research are as follows:

Thales Group
Iridium Communications Inc.
SES S.A.
Thuraya Telecommunications Company
Cobham Limited
Viasat, Inc.
Orbcomm Inc.
L3Harris Technologies Inc.
ST Engineering iDirect
Inmarsat Global Limited
Gilat Satellite Networks Ltd.
Others

Read More Reports:

Procurement Software Market: https://bityl.co/Rznx

Power Inverter Market: https://bityl.co/SF7r

Student Loan Market: https://bityl.co/SF7u

Aerostructures Market: https://bityl.co/SF7x

Medical Foam Market: https://bityl.co/RrDQ

Peanut Butter Market: https://bityl.co/S0kL

Barley Market: https://bityl.co/S3Sj

India Power Inverter Market: https://bityl.co/S3QX

n-pentane market: https://bitl.to/3jzV

Sleepwear Market: https://bityl.co/SFjX

Media Contact:

Company Name: Claight Corporation
Contact Person: George buttler, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: http://www.expertmarketresearch.com
Aus Site: https://www.expertmarketresearch.com.au

About Us:

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

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 Communication Market Size, Share, Trends and Forecast | 2034 here

News-ID: 3830262 • Views:

More Releases from Expert Market Research

Perfume Market Growth & Forecast Report: How the Fragrance Industry is Evolving (2025-2034)
Perfume Market Growth & Forecast Report: How the Fragrance Industry is Evolving …
The perfume market has established itself as a booming industry, reaching an estimated value of USD 51.08 billion in 2024. The market for perfumes encompasses a wide range of products, from luxury designer scents to more affordable options, catering to different consumer segments. This growth is driven by an increasing preference for high-quality fragrances, rising disposable income, and changing consumer lifestyles. As consumers place greater emphasis on personal grooming, well-being,
Explore the Growing Car Rental Market: Trends, Insights, and Future Opportunities 2025-2034
Explore the Growing Car Rental Market: Trends, Insights, and Future Opportunitie …
The car rental market is a dynamic and rapidly growing industry, offering an increasing range of services to both consumers and businesses alike. As more individuals seek flexible transportation options for travel, business trips, and leisure activities, the car rental market continues to expand. According to recent industry reports, the market reached a value of approximately USD 104.03 billion in 2024 and is projected to grow at a compound annual
Environmental Monitoring Market Size, Share, Growth & Forecast | 2034
Environmental Monitoring Market Size, Share, Growth & Forecast | 2034
Environmental Monitoring Market Outlook The global environmental monitoring market size reached a value of USD 22.71 billion in 2024. Fueled by the increasing emphasis on sustainability, stringent regulatory requirements, and growing concerns over environmental degradation, the market is projected to grow at a CAGR of 6.30% between 2025 and 2034, reaching a value of USD 39.39 billion by 2034. Get a Free Sample Report with Table of Contents@ https://bitl.to/3faE Environmental monitoring involves the
Household Appliances Market:Trends,Growth and Forecast 2025-2034
Household Appliances Market:Trends,Growth and Forecast 2025-2034
The Household Appliances Market has experienced significant growth in recent years and is poised for continued expansion. With technological advancements and changing consumer preferences, the market is evolving rapidly. In 2024, the global household appliances market size was approximately USD 670.98 billion, and it is projected to grow at a compound annual growth rate (CAGR) of 5.2% between 2025 and 2034, reaching an estimated value of nearly USD 1,059.20 billion

All 5 Releases


More Releases for Satellite

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 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
Satellite Transponders Leasing Market Outlook to 2025 - MEASAT satellite systems …
The satellite transponders leasing market is anticipated to grow at a CAGR of 4.43% during the forecast period of 2015-2025 and accounts for US$ 19,225.3 Mn in the year 2025. An exclusive Satellite Transponders Leasing market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Satellite Transponders Leasing Market By Type, By Application, By
Satellite Transponders Leasing Market Outlook to 2025 – Intelsat, SES, Telesat …
ReportsWeb.com added “Satellite Transponders Leasing Market - Global Trends, 2018 Analysis and 2025 Forecasts” report to its research database. This Report is spread across 150 Pages and Supported by 10 Company Leaders. Satellite transponders are small chip size circuits that are integrated into satellites for the purpose of transmitting the uplink data/information to the downlink and vice-versa. The rising trend of advanced channel broadcasting has escalated the demand for satellite transponders