Press release
In-Depth Analysis of the Satellite Telecommunications Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Satellite Telecommunications Market Size
The satellite telecommunication market is anticipated to grow due to the rising demand for small satellites used in earth observation services. Small satellites, those weighing less than a kilo (2,204 pounds), are typically employed to enhance traditional satellite functions like data communications, earth exploration, and space research, among others. The growing need for these small satellites is propelling the growth of the satellite telecommunication market. For example, as reported by the U.S.-based non-government organization SpaceNews in June 2024, U.S. manufacturers were responsible for roughly 85% of commercially procured satellites in 2023, with revenues from satellite production increasing by 9% to $17.2 billion, powered by flexible software-defined payloads and advanced small satellites. There were a record 190 commercially procured launches, indicating an 18% rise from 2022, and these launches deployed 2,781 commercial satellites, exhibiting a 20% annual increase, largely due to SpaceX. Hence, the expanding demand for small satellites for earth observation services is a significant driver for the satellite telecommunication market's growth.
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What Is the projected market size and growth rate for the satellite telecommunications market?
In the past few years, the satellite telecommunications market has seen vigorous growth. The expected growth is from $34.51 billion in 2024 to $36.58 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.0%. Factors contributing to the historical growth include geopolitical factors, market deregulation, disaster recovery and emergency communications, media and broadcasting demands, as well as connectivity requirements in remote regions.
The market for satellite telecommunications is anticipated to experience robust growth in the coming years. The market value is projected to reach $45.29 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.5%. The growth during this period can be credited to increased desire for broadband connectivity, Internet of Things (IoT) and machine-to-machine (m2m) connectivity requirements, evolving market opportunities, international 5g backhaul necessities, as well as environmental and climate monitoring. Key trends projected for this period include the use of satellites for terrestrial observation, the creation of high-capacity optical communication payloads, growing interest in deploying smallsat and cubesat, worldwide expansion of broadband services, and a heightened focus on space situational awareness (SSA).
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What new trends are reshaping the satellite telecommunications market and its opportunities?
The main trend gaining traction in the satellite telecommunication market is technological innovation. The emphasis for major players in this sector is on the creation of cutting-edge technologies. For example, US-based digital wireless telecommunication product and service provider, Qualcomm Technologies, Inc. launched Snapdragon Satellite in January 2023. This groundbreaking development is the world's inaugural satellite-based two-way messaging solution catered towards luxurious smartphones. Powered by the Snapdragon 5G Modem-RF Systems and bolstered by the currently fully functioning Iridium satellite constellation, Snapdragon Satellite is anticipated to provide global access to mobile messaging from anywhere in the world.
What major market segments define the scope and growth of the satellite telecommunications market?
The satellite telecommunications market covered in this report is segmented -
1) By Component: Receiver, Transmitter Or Transponder, Transceiver, Antenna, Other Components
2) By Platform: Portable SATCOM Equipment, Land SATCOM Equipment, Maritime SATCOM Equipment, Airborne SATCOM Equipment
3) By Application: Asset Tracking Or Monitoring, Airtime, Drones Connectivity, Data Backup And Recovery, Navigation And Monitoring, Tele-medicine, Broadcasting, Other Applications
4) By Vertical: Energy And Utility, Government And Defense, Transport And Cargo, Maritime, Mining And Oil And Gas, Agriculture, Communication Companies, Corporates Or Enterprises, Media And Broadcasting, Other Verticals
Subsegments:
1) By Receiver: Ground Receivers, Satellite Receivers
2) By Transmitter Or Transponder: Ka-Band Transponders, Ku-Band Transponders, C-Band Transponders
3) By Transceiver: Integrated Transceivers, Standalone Transceivers
4) By Antenna: Parabolic Antennas, Phased Array Antennas, Flat Panel Antennas
5) By Other Components: Frequency Converters, Modulators And Demodulators, Signal Processors
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Which region dominates the satellite telecommunications market?
North America was the largest region in the satellite telecommunications market in 2024. The regions covered in the satellite telecommunications market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the satellite telecommunications industry growth?
Major companies operating in the satellite telecommunications market include Société Européenne des Satellites, Viasat Inc., Telesat Corporation, EchoStar Corporation, L3Harris Technologies Inc., SKY Perfect JSAT Holdings Inc., Gilat Satellite Networks Ltd., Cobham Satcom, Inmarsat Global Limited, Intelsat S.A., Thuraya Telecommunications Company, Honeywell International Inc., Iridium Communications Inc., General Dynamics Corporation, Qualcomm Technologies Inc., Airbus SE, China Aerospace Science and Technology Corporation, Maxar Technologies Inc., Thales Group, Orbcomm Inc., ST Engineering iDirect Inc., Baylin Technologies Inc., KVH Industries Inc., Comtech Telecommunications Corp., Globalstar Inc., Speedcast International Limited, Hispasat S.A., Ligado Networks LLC, Lockheed Martin Corporation, Northrop Grumman Corporation, SES Americom Inc., Space Exploration Technologies Corp., Telespazio Spa
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What Is Covered In The Satellite Telecommunications Global Market Report?
• Market Size Forecast: Examine the satellite telecommunications market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the satellite telecommunications market for a structured understanding.
• Key Players Overview: Analyze major players in the satellite telecommunications market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the satellite telecommunications market.
• Segment Contributions: Evaluate how different segments drive overall growth in the satellite telecommunications market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the satellite telecommunications market.
• Industry Challenges: Identify potential risks and obstacles affecting the satellite telecommunications market.
• Competitive Landscape: Review strategic developments in the satellite telecommunications market, including expansions, agreements, and new product launches.
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