Global Satellite Communication (SATCOM) Market Edition 2025: Industry Size to Reach USD 184.7 Billion by 2033, CAGR of 7.63%.

Market Overview

The global Satellite Communication (SATCOM) Market was valued at USD 92.15 Billion in 2024 and is projected to reach USD 184.7 Billion by 2033. The market is forecasted to grow at a CAGR of 7.63% during 2025-2033. Growth is driven by rising broadband demand in remote areas, escalating defense/network requirements, and advances in satellite technology including LEO constellations and 5G integration.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Satellite Communication (SATCOM) Market Key Takeaways

• Current Market Size: USD 92.15 Billion in 2024
• CAGR: 7.63% during 2025-2033
• Forecast Period: 2025-2033
• North America dominated with over 42.9% market share in 2024.
• The government and military sector accounted for 40.2% market share in 2024.
• Broadcasting application holds the largest share at 39.8% in 2024.
• Equipment segment dominates due to significant hardware requirements supporting satellite infrastructure.
• Advancements in LEO satellites and integration with 5G and IoT foster market growth.

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Market Growth Factors

The satellite communication (SATCOM) market is undergoing a mega evolutionary phase wherein the demand for its services is mainly coming from the installation of high-speed internet in areas with the least infrastructure. Satellite technology has made it possible to connect users who are scattered across different locations thereby giving access to crucial communication for commercial, governmental and military purposes. The growing demand for broadband services in the countryside and inaccessible areas is a major factor in the expansion and adoption of the market.

The defense and military applications are still leading the market growth. The U.S. Department of Defense is the biggest buyer of satellite communication services and uses them for secure and widespread communications in hard-to-reach areas and also in sensitive operations such as intelligence, surveillance, and reconnaissance (ISR). It was estimated the defense sector alone accounted for spending on satellite communication worth USD 10.3 Billion in the fiscal year 2023. The U.S. 2024 National Defense Strategy along with Australia's USD 9-12 Billion Integrated Investment Program are the government initiatives that can be seen as the ones that emphasize the need for satellite communication to be ready and resilient all the time.

Technological improvements are also a major factor in the growth of the industry, the prominent ones being the birth of the high-throughput satellites (HTS), Low-Earth Orbit (LEO) constellation and the upgrades of geostationary satellites which have all led to faster data, reduced latency, and better coverage. The merging of satellite networks with new technologies like 5G and IoT has opened up even more new applications in such areas as smart cities, self-driving cars, and internet access. The crescendo of the market has been supported by the expansion of satellite-based broadband access which is a result of public and of private investments, attractive government measures, and international cooperation.

Market Segmentation

Component:

• Equipment: Includes transmitter/transponder, antenna, transceiver, receiver, modem/router, and others. The equipment segment dominates, driven by stringent hardware requirements such as ground stations and antenna systems that send and receive signals. New technology such as HTS and phased-array antennas bolsters market growth.
• Services: Not elaborated in detail but represents satellite communication-related support.
Application:
• Voice Communication: Satellite technology provides reliable voice connectivity.
• Broadcasting: Largest segment with 39.8% share in 2024. Enables wide-reaching TV, radio, digital content distribution, including DTH and OTT services, supported by transitions to HD and UHD broadcasting.
• Data Communication: Encompasses data transmission services leveraging satellite networks.
End Use Industry:
• Aerospace and Defense: Uses include military communications and secure connectivity.
• Transportation and Logistics: Enables communication for aviation, maritime, and other transport sectors.
• Agriculture: Satellite technology supports rural connectivity and operational efficiency.
• Government and Military: Largest sector with 40.2% share in 2024, focused on secure, reliable communications for defense, intelligence, and crisis management.
• Media and Entertainment: Uses satellite communication for content distribution and broadcasting.
• Others: Various additional sectors utilizing SATCOM.

Regional Insights

North America dominates the SATCOM market with a 42.9% share in 2024, attributed to its advanced technology infrastructure, substantial defense spending, and presence of leading industry players like SpaceX and Boeing. The U.S. alone accounts for 88.2% of North America's market share. This region benefits from governmental support, regulatory frameworks, and high demand for broadband and secure communications, fostering strong market growth.

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Recent Developments & News

• February 2025: Gilat Satellite Networks launched a Defense Division to meet governmental and military SATCOM demands, focusing on secure rapid-deployment communications for US DoD, NATO, and allies.
• December 2024: Honeywell signed an MoU with Sino Jet to improve aviation connectivity using JetWave X SATCOM system powered by Viasat's Ka-band network.
• June 2024: Hughes Europe partnered with Telespazio to expand military and government sector connectivity across Europe with Konnect VHTS and Hughes JUPITER System.
• April 2024: Cobham Satcom signed a contract with China TranTech for SAILOR XTR Ku VSAT antennas delivery and global support.
• March 2024: John Deere partnered with SpaceX to enhance rural connectivity for agriculture through satellite communications.

Key Players

• 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.

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