
Satellite Communication Market Current Growth, New Opportunities, Business Scenario, Size, Scope, Key Segments And Forecast To 2029
- by The Globe and Mail
- Jun 27, 2025
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Fri Jun 27, 4:48PM CDT
"SES S.A. (Luxembourg), Starlink (US), Globalstar Inc (US), Hughes Networks Systems (US), Intelsat (US), Viasat Inc, (US), Telesat (Canada), Amazon (US), Eutelsat (France), Iridium communications (US), Singtel (Singapore), Gilat Satellite Networks (Israel), Speedcast (US), Lynk (US), Anuvu (US)."
Satellite Communication Market by Type (Telecommunication Services, Broadcasting Services, Data Communication Services), Application (Critical Communication, Navigation, DTH, IoT, Satellite Broadband) and Region - Global Forecast to 2029.
The size of the worldwide satellite communication market is expected to increase at a Compound Annual Growth Rate (CAGR) of 14.5% from USD 16.9 billion in 2024 to USD 33.2 billion by 2029. The private sector's involvement has significantly accelerated the growth and innovation of the satellite communication business. SpaceX and Amazon are two companies that are launching well-known constellations of Low Earth Orbit (LEO) satellites. The increase in private investment has made satellite services more accessible and reasonably priced. In addition, costs have come down and technology has improved. One of the main factors propelling the market for satellite communications equipment is the growing need for high-speed data and voice services in the maritime and aviation sectors. Top Companies in the Satellite Communication Market
The major vendors covered in the satellite communication market are SES S.A. (Luxembourg), Starlink (US), Globalstar Inc (US), Hughes Networks Systems (US), Intelsat (US), Viasat Inc, (US), Telesat (Canada), Amazon (US), Eutelsat (France), Iridium communications (US), Singtel (Singapore), Gilat Satellite Networks (Israel), Speedcast (US), Lynk (US), Anuvu (US), Avanti (UK), Arabsat (Saudi Arabia), Yahsat (UAE), Kepler Communications (Canada), Navarino (Greece). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the satellite communication market.
Intelsat (US)
Intelsat is a satellite communication service providing global communications infrastructure. Intelsat covers media, telcos, and government sectors for communication by a wide range of communication services. Intelsat's business branch is divided into different segments: On-network revenues include transponder services and customer contracts for particular satellite capacity, which are used by network services, media, and government. Off-Network and Other Revenues cover those services, as well as mobile satellite services, customer premises equipment sales, and satellite-related consulting and technical services provided by third-party satellite operators. In-flight services Revenues provide airline connectivity, entertainment services, and the corresponding equipment sales for air-to-ground (ATG) and satellite technologies. Intelsat has a significant geographical presence in North America and Europe.
Viasat Inc. (US)
Viasat is a global provider of communications technologies and services focused on making connectivity accessible, available, and secure for customers worldwide. The Company operates and manages its business in three reportable segments: satellite services, commercial networks, and government systems. Viasat's satellite services segment provides satellite-based broadband and related services to commercial airlines and other aircraft, residential customers and enterprises, maritime vessels and other mobile broadband customers, and Prepaid Internet users. Advanced satellite and wireless broadband platforms, ground networking equipment, radio frequency and advanced microwave solutions, AISC chip design, satellite payload development, and space-to-earth connectivity systems are all developed and provided by the company's commercial networks segment. The company's satellite services segment eventually utilizes a portion of these products. In the government systems segment, it offers global mobile broadband services and narrowband products and services to military and government users and develops and offers network-centric, internet protocol-based fixed and mobile secure communications products and solutions. Viasat has a robust geographical presence in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Telesat (Canada)
Telesat is a prominent player in the satellite communication market, providing satellite-based services for broadcasting, broadband, and secure government communications. The company operates a fleet of advanced satellites, enabling global connectivity and supporting industries such as telecom, media, and defense.
Starlink (US)
Starlink a satellite internet service provided by SpaceX, is revolutionizing the satellite communication market by offering high-speed, low-latency internet access to underserved and remote regions globally. Their constellation of low Earth orbit (LEO) satellites enables reliable communication and connectivity, transforming global broadband infrastructure.
Globalstar Inc (US)
Globalstar Inc. (US) is a prominent player in the satellite communication market, providing reliable, low-cost satellite connectivity solutions. Their services enable remote communications for a wide range of industries, including agriculture, maritime, and defense, supporting mission-critical applications worldwide.
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