Commercial Satellite Constellations Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The commercial satellite constellations market size has grown rapidly in recent years. It will grow from $14.38 billion in 2024 to $16.39 billion in 2025 at a compound annual growth rate (CAGR) of 14%. The growth in the historic period can be attributed to technological advancements, emergence of new space, demand for low-cost, high-speed broadband, growth of internet constellations, increase in demand for low earth orbit (LEO)-based services.

The commercial satellite constellations market size is expected to see rapid growth in the next few years. It will grow to $25.71 billion in 2029 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to increasing demand for satellite-based connectivity, rising government initiatives, quadrupling of satellite demand, expansion of internet constellations, rise of the internet of things (IoT). Major trends in the forecast period include rapid deployment of mega constellations, technological advancements, collaborations, space technologies, use of AI.

The rise of the internet of things (IoT) is expected to propel the growth of the commercial-satellite constellations market going forward. IoT refers to a network of interconnected physical devices, vehicles, appliances, and other items embedded with sensors, software, and connectivity capabilities that enable them to collect and exchange data over the Internet. Satellite constellations are vital for achieving universal connectivity as they ensure that even IoT devices in remote or inaccessible areas can access the internet, where traditional terrestrial networks may be insufficient. For instance, in November 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, IoT connections across the world were projected to amount to 15.7 billion connections in 2023. Moreover, the number is projected to reach nearly 38.9 billion in 2029 at a growth rate of 16%. Therefore, the rise of the internet of things (IoT) is driving the growth of the commercial-satellite constellations market.

Major companies operating in the commercial satellite constellations market are developing advanced technologies, such as imaging satellites, to serve customers better with advanced features. An imaging satellite is an artificial satellite designed and equipped with sensors and instruments capable of capturing high-resolution images of the Earth's surface from space. For instance, in April 2022, Pixxel, an India-based aerospace company, launched Shakuntala, a private commercial imaging satellite. The Shakuntala satellite's unique feature lies in hosting one of the most advanced hyperspectral commercial cameras ever launched into space. This advanced technology allows the satellite, weighing under 15kg, to capture orbital images in over 150 bands of color spanning the visible and infrared spectrums. Pixxel's upcoming satellite constellation data offers a global view of planetary ecosystems, enabling an AI-driven analysis platform. This tool will be vital for providing actionable insights and policy recommendations to climate-conscious governments and organizations.

In May 2023, Viasat Inc., a US-based communications company, acquired Inmarsat for an undisclosed amount. The merged entity anticipates strengthening its market position by leveraging increased scale, expanded scope, and heightened innovation within the global satellite connectivity sector. This strategic move aims to meet rising customer demands for enhanced speed, flexibility, reliability, coverage, and security. Inmarsat is a UK-based satellite telecommunications company that offers maritime communications services and provides commercial satellite constellations.

Major companies operating in the commercial satellite constellations market are Lockheed Martin Corporation, Northrop Grumman Corporation, Mitsubishi Electric Corporation, Honeywell International Inc, China Aerospace Science and Technology Corporation (CASC), Thales Alenia Space, Space Exploration Technologies Corp, Viasat Inc., Cobham plc, L3Harris Technologies Inc, Airbus Defence and Space SAS, OHB System AG, Iridium Communications Inc, Telesat Canada, Al Yah Satellite Communications Company (Yahsat), Skyloom Global Corp, Globalstar Inc., Planet Labs PBC, Indian Space Research Organisation (ISRO), Spire Global Inc., Capella Space, Kepler Communications Inc., LeoLabs Inc., OneWeb Global Limited, LeoStella LLC, SatSure Ltd., Nuview, Lynk Global Inc.

North America was the largest region in the commercial satellite constellations market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial satellite constellations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial satellite constellations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The commercial-satellite constellations market consists of revenues earned by entities by providing services such as communication, remote sensing, Internet access, IoT (Internet of Things), and machine-to-machine (M2M) communications. The market value includes the value of related goods sold by the service provider or included within the service offering. The commercial-satellite constellations market also includes sales of RF (Radio Frequency) signal processing and geolocation tools, earth observation satellites, LiDAR satellites, and microsatellites. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Commercial-satellite constellations refer to a group of satellites working together to provide a service or a group of satellites with a common purpose, primarily owned, financed, and managed by commercial entities to provide a commercial service. Commercial-satellite constellations offer improved coverage, ensuring seamless communication even in remote areas.

The main types of commercial satellite constellations are low-earth orbit (LEO) constellations, medium-earth orbit (MEO) constellations, and geostationary-earth orbit (GEO) satellites. Low-earth orbit (LEO) constellations consist of numerous small satellites orbiting closer to Earth, facilitating faster communication and reduced latency. Various types of frequencies are included, such as Ka-Band, Ku-Band, and C-Band, which can be used for several applications, such as telecommunications and connectivity, earth observation and remote sensing, and navigation and positioning services.

The main types of commercial satellite constellations are low-earth orbit (LEO) constellations, medium-earth orbit (MEO) constellations, and geostationary-earth orbit (GEO) satellites. Low-earth orbit (LEO) constellations consist of numerous small satellites orbiting closer to Earth, facilitating faster communication and reduced latency. Various types of frequencies are included, such as Ka-Band, Ku-Band, and C-Band, which can be used for several applications, such as telecommunications and connectivity, earth observation and remote sensing, and navigation and positioning services.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.