How Big is the Satellite Connectivity Market?
According to 6Wresearch internal database and industry insights, the
Global Satellite Connectivity Market was valued at USD 11.8 Billion in 2024 and is expected to reach USD 18.3 Billion by 2031, growing at a compound annual growth rate of 5.88% during the forecast period (2025-2031).
Increasing demand for high-speed internet, the expansion of the maritime, aviation, and defense industries, and the growing use of satellite communication in remote locations are some of the major factors driving the market.
Key Growth Drivers of the Satellite Connectivity Market
- Broadband satellite services for rural and remote areas are growing at an accelerated rate.
- There is a growing investment in next-generation medium-earth orbit and low-earth orbit satellite networks.
- In the maritime, defense, and aviation industries, there is an increasing need for dependable connectivity solutions.
- Adoption is being driven by technological developments in ground equipment and satellite communication terminals.
- The market is expanding due to the growing demand for high-speed, secure, and energy-efficient satellite communication solutions.
Satellite Connectivity Market Trends
Satellite Connectivity Market is witnessing notable growth with trends such as deployment of LEO and MEO satellites to enhance coverage and reduce latency. The integration of satellite connectivity with 5G networks and IoT devices is expanding. The demand for in-flight and maritime internet services is rising rapidly. Accessibility is also being improved by the creation of small and portable user terminals. Hybrid satellite-terrestrial network adoption is speeding up, and improved data security solutions for satellite communications are becoming more popular.
Emerging Developments in the Satellite Connectivity Market
Emerging developments in the Satellite Connectivity Market include advancements in high-throughput satellites (HTS) and energy-efficient communication payloads. Research and development is continuously expanding in the areas of edge computing integration, AI-enabled communication systems, and satellite-based IoT. Network capabilities are being strengthened through partnerships between telecom companies, satellite operators, and tech companies. Innovations in connectivity services are also being fueled by the emphasis on next-generation satellite power and propulsion systems.
List of Leading Companies in the Satellite Connectivity Market
Some of the leading companies include:
- Viasat Inc.
- Hughes Network Systems
- Inmarsat Plc
- Intelsat S.A.
- SES S.A.
- Eutelsat Communications
- Telesat
- Iridium Communications Inc.
- LeoSat Enterprises
- OneWeb
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