The satellite internet market size has grown rapidly in recent years. It will grow from $5.33 billion in 2023 to $5.99 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The increase during the historical period can be ascribed to the requirements of rural and remote connectivity, worldwide internet access, disaster recovery and emergency services, maritime and aviation connectivity, as well as military and defense applications.
The satellite internet market size is expected to see rapid growth in the next few years. It will grow to $9.79 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The expansion anticipated in the forecast period is linked to an increasing demand for broadband services, the proliferation of low earth orbit (LEO) satellite constellations, connected vehicles, and Internet of Things (IoT), along with commercial and residential broadband solutions. Contributing factors include government initiatives and subsidies. Noteworthy trends expected in the forecast period involve integration with 5G networks, the emergence of cost-effective consumer terminals, a focus on solutions for rural connectivity, government initiatives for space-based connectivity, and advancements in satellite technologies.
The growth of the satellite internet market is being fueled by the rising demand for satellite internet in rural areas. Rural residents have long faced challenges accessing reliable internet services, often dealing with slow and unreliable connections. Satellite internet offers a cost-effective solution, avoiding the need for extensive fiber optic cable infrastructure. In November 2023, the Federal Communications Commission (FCC) reported that over 7.2 million homes and businesses lacked high-speed internet access. Viasat, in August 2022, highlighted that only 75% of rural homes had broadband internet. The unmet demand for fast and reliable internet in rural areas is a key driver of the satellite internet market's growth.
The satellite internet market is anticipated to experience growth due to the increasing demand in the residential sector. Residential areas, designed primarily for housing purposes, benefit from satellite internet's wide coverage, quick deployment, global accessibility, high-speed internet, and reliability. The United States Census Bureau reported a 13.8% increase in privately owned housing units approved by building permits in February 2023 compared to January. This rise in demand within the residential sector is a significant driver for the growth of the satellite internet market.
A notable trend is the increasing popularity of product innovations. Major companies within this sector are dedicated to developing novel products to reinforce their market position. For instance, in September 2022, Hughes Communications India Private Limited (HCI), a provider of broadband satellite and managed network services based in India, introduced the first High-Throughput Satellite (HTS) broadband service. This service aims to meet the high bandwidth requirements of various sectors, including cellular operators, financial institutions, government agencies, mining and energy corporations, and other enterprises. Utilizing the capabilities of the Indian space research organization (ISRO), the HTS broadband service facilitates connectivity in remote and challenging-to-reach areas, contributing to linking India to a future of expanded broadband access. The primary goal of the service is to provide multi-megabit high-speed broadband at reasonable prices.
The prominent companies in the satellite internet market are engaging in partnerships to develop novel products and enhance their market positions. Collaborations in this sector stimulate innovation, combine expertise, and expedite the development and commercialization of advanced technologies. For instance, in July 2023, Astrocast SA, a Switzerland-based company specializing in satellite Internet of Things (IoT) communication services, joined forces with Airbus Defense and Space SAS, a Germany-based manufacturer of defense and space products. This collaboration aims to advance satellite IoT (SatIoT) technology, reinforcing Airbus's commitment to technological advancement and leadership in the SatIoT market. The partnership focuses on improving bandwidth and service quality, allowing clients to customize their operational efficiency and enjoy enhanced data transfer capacity, efficiency, latency, and security.
In August 2021, Swarm Technologies, a provider of satellite internet connectivity based in the US, was acquired by SpaceX, a US-based aerospace company, for an undisclosed amount. This acquisition is expected to benefit Swarm's services by providing enhanced capitalization and access to additional resources available within SpaceX. The synergy resulting from being acquired by a company involved in satellite design, launch services, and manufacturing is anticipated to further support Swarm Technologies' growth in the satellite internet market.
Major companies operating in the satellite internet market report are AT&T Inc., Dish Network Corporation, Singapore Telecommunications Limited, Avonline Satellite Broadband, Kacific Broadband Satellites Group, Thaicom Public Company Limited, ViaSat Inc., Telesat Canada, SES S.A., Space Exploration Technologies Corp., EchoStar Corporation, Intelsat S.A., Inmarsat Global Limited, Eutelsat S.A., Eutelsat OneWeb, Iridium Communications Inc., Al Yah Satellite Communications Company P.J.S.C., Speedcast International Limited, NordNet AB, Globalstar Inc., Konnect Africa, Avanti Communications Group PLC, Gilat Satellite Networks Ltd., Bigblu Broadband PLC, Bentley Walker Ltd., SkyDSL Europe B.V., Skycasters Co., Freedomsat Group Limited, Europasat SP Z.O.O.
North America was the largest region in the satellite internet market in 2023. The regions covered in the satellite internet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the satellite internet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of satellite internet products include two-way satellite-only communication, one-way receiving, and one-way broadcast. Two-way satellite-only communication involves sending data from a remote contact site to a hub via a satellite. Various band types, including C-band, X-band, L-band, K-band, and others, cater to sectors such as commercial, residential, military, industrial, and more.
The satellite internet market research report is one of a series of new reports that provides satellite internet market statistics, including satellite internet industry global market size, regional shares, competitors with a satellite internet market share, detailed satellite internet market segments, market trends and opportunities, and any further data you may need to thrive in the satellite internet industry. This satellite internet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The satellite internet market includes revenues earned by entities by providing internet services that can be used to offer internet access services for remote areas or hard-to-reach areas since these areas lack physical infrastructures such as wireless radio connections, telephones, or fiber cables. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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).
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.
The satellite internet market size is expected to see rapid growth in the next few years. It will grow to $9.79 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The expansion anticipated in the forecast period is linked to an increasing demand for broadband services, the proliferation of low earth orbit (LEO) satellite constellations, connected vehicles, and Internet of Things (IoT), along with commercial and residential broadband solutions. Contributing factors include government initiatives and subsidies. Noteworthy trends expected in the forecast period involve integration with 5G networks, the emergence of cost-effective consumer terminals, a focus on solutions for rural connectivity, government initiatives for space-based connectivity, and advancements in satellite technologies.
The growth of the satellite internet market is being fueled by the rising demand for satellite internet in rural areas. Rural residents have long faced challenges accessing reliable internet services, often dealing with slow and unreliable connections. Satellite internet offers a cost-effective solution, avoiding the need for extensive fiber optic cable infrastructure. In November 2023, the Federal Communications Commission (FCC) reported that over 7.2 million homes and businesses lacked high-speed internet access. Viasat, in August 2022, highlighted that only 75% of rural homes had broadband internet. The unmet demand for fast and reliable internet in rural areas is a key driver of the satellite internet market's growth.
The satellite internet market is anticipated to experience growth due to the increasing demand in the residential sector. Residential areas, designed primarily for housing purposes, benefit from satellite internet's wide coverage, quick deployment, global accessibility, high-speed internet, and reliability. The United States Census Bureau reported a 13.8% increase in privately owned housing units approved by building permits in February 2023 compared to January. This rise in demand within the residential sector is a significant driver for the growth of the satellite internet market.
A notable trend is the increasing popularity of product innovations. Major companies within this sector are dedicated to developing novel products to reinforce their market position. For instance, in September 2022, Hughes Communications India Private Limited (HCI), a provider of broadband satellite and managed network services based in India, introduced the first High-Throughput Satellite (HTS) broadband service. This service aims to meet the high bandwidth requirements of various sectors, including cellular operators, financial institutions, government agencies, mining and energy corporations, and other enterprises. Utilizing the capabilities of the Indian space research organization (ISRO), the HTS broadband service facilitates connectivity in remote and challenging-to-reach areas, contributing to linking India to a future of expanded broadband access. The primary goal of the service is to provide multi-megabit high-speed broadband at reasonable prices.
The prominent companies in the satellite internet market are engaging in partnerships to develop novel products and enhance their market positions. Collaborations in this sector stimulate innovation, combine expertise, and expedite the development and commercialization of advanced technologies. For instance, in July 2023, Astrocast SA, a Switzerland-based company specializing in satellite Internet of Things (IoT) communication services, joined forces with Airbus Defense and Space SAS, a Germany-based manufacturer of defense and space products. This collaboration aims to advance satellite IoT (SatIoT) technology, reinforcing Airbus's commitment to technological advancement and leadership in the SatIoT market. The partnership focuses on improving bandwidth and service quality, allowing clients to customize their operational efficiency and enjoy enhanced data transfer capacity, efficiency, latency, and security.
In August 2021, Swarm Technologies, a provider of satellite internet connectivity based in the US, was acquired by SpaceX, a US-based aerospace company, for an undisclosed amount. This acquisition is expected to benefit Swarm's services by providing enhanced capitalization and access to additional resources available within SpaceX. The synergy resulting from being acquired by a company involved in satellite design, launch services, and manufacturing is anticipated to further support Swarm Technologies' growth in the satellite internet market.
Major companies operating in the satellite internet market report are AT&T Inc., Dish Network Corporation, Singapore Telecommunications Limited, Avonline Satellite Broadband, Kacific Broadband Satellites Group, Thaicom Public Company Limited, ViaSat Inc., Telesat Canada, SES S.A., Space Exploration Technologies Corp., EchoStar Corporation, Intelsat S.A., Inmarsat Global Limited, Eutelsat S.A., Eutelsat OneWeb, Iridium Communications Inc., Al Yah Satellite Communications Company P.J.S.C., Speedcast International Limited, NordNet AB, Globalstar Inc., Konnect Africa, Avanti Communications Group PLC, Gilat Satellite Networks Ltd., Bigblu Broadband PLC, Bentley Walker Ltd., SkyDSL Europe B.V., Skycasters Co., Freedomsat Group Limited, Europasat SP Z.O.O.
North America was the largest region in the satellite internet market in 2023. The regions covered in the satellite internet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the satellite internet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of satellite internet products include two-way satellite-only communication, one-way receiving, and one-way broadcast. Two-way satellite-only communication involves sending data from a remote contact site to a hub via a satellite. Various band types, including C-band, X-band, L-band, K-band, and others, cater to sectors such as commercial, residential, military, industrial, and more.
The satellite internet market research report is one of a series of new reports that provides satellite internet market statistics, including satellite internet industry global market size, regional shares, competitors with a satellite internet market share, detailed satellite internet market segments, market trends and opportunities, and any further data you may need to thrive in the satellite internet industry. This satellite internet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The satellite internet market includes revenues earned by entities by providing internet services that can be used to offer internet access services for remote areas or hard-to-reach areas since these areas lack physical infrastructures such as wireless radio connections, telephones, or fiber cables. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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).
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.
Table of Contents
1. Executive Summary2. Satellite Internet Market Characteristics3. Satellite Internet Market Trends and Strategies32. Global Satellite Internet Market Competitive Benchmarking33. Global Satellite Internet Market Competitive Dashboard34. Key Mergers and Acquisitions in the Satellite Internet Market
4. Satellite Internet Market - Macro Economic Scenario
5. Global Satellite Internet Market Size and Growth
6. Satellite Internet Market Segmentation
7. Satellite Internet Market Regional and Country Analysis
8. Asia-Pacific Satellite Internet Market
9. China Satellite Internet Market
10. India Satellite Internet Market
11. Japan Satellite Internet Market
12. Australia Satellite Internet Market
13. Indonesia Satellite Internet Market
14. South Korea Satellite Internet Market
15. Western Europe Satellite Internet Market
16. UK Satellite Internet Market
17. Germany Satellite Internet Market
18. France Satellite Internet Market
19. Italy Satellite Internet Market
20. Spain Satellite Internet Market
21. Eastern Europe Satellite Internet Market
22. Russia Satellite Internet Market
23. North America Satellite Internet Market
24. USA Satellite Internet Market
25. Canada Satellite Internet Market
26. South America Satellite Internet Market
27. Brazil Satellite Internet Market
28. Middle East Satellite Internet Market
29. Africa Satellite Internet Market
30. Satellite Internet Market Competitive Landscape and Company Profiles
31. Satellite Internet Market Other Major and Innovative Companies
35. Satellite Internet Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Satellite Internet Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on satellite internet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for satellite internet? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The 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 market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Product: Two-Way Satellite-Only Communication; One-Way Receive; One-Way Broadcast
2) By Band Type: C-Band; X-Band; L-Band; K-Band ; Other Band Types
3) By End-user: Commercial; Residential; Military; Industrial; Other End-users
Key Companies Mentioned: AT&T Inc.; Dish Network Corporation; Singapore Telecommunications Limited; Avonline Satellite Broadband; Kacific Broadband Satellites Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- AT&T Inc.
- Dish Network Corporation
- Singapore Telecommunications Limited
- Avonline Satellite Broadband
- Kacific Broadband Satellites Group
- Thaicom Public Company Limited
- ViaSat Inc.
- Telesat Canada
- SES S.A.
- Space Exploration Technologies Corp.
- EchoStar Corporation
- Intelsat S.A.
- Inmarsat Global Limited
- Eutelsat S.A.
- Eutelsat OneWeb
- Iridium Communications Inc.
- Al Yah Satellite Communications Company P.J.S.C.
- Speedcast International Limited
- NordNet AB
- Globalstar Inc.
- Konnect Africa
- Avanti Communications Group plc
- Gilat Satellite Networks Ltd.
- Bigblu Broadband plc
- Bentley Walker Ltd.
- SkyDSL Europe B.V.
- Skycasters Co.
- Freedomsat Group Limited
- Europasat SP Z.O.O
