The Satellite Connectivity Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Satellite Connectivity Market?
The size of the satellite connectivity market has experienced quick expansion in the past few years. The market size is predicted to increase from $7.61 billion in 2024 to $8.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Satellite Connectivity Industry?
The global satellite connectivity market is projected to reach a size of $12.10 billion in 2029, with a compound annual growth rate (CAGR) of 9.7%.
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What are the Key Growth Drivers Fueling the Satellite Connectivity Market?
The key drivers in the satellite connectivity market are:
• Expanding demand for internet services
• Implementation of government initiatives aimed at digital inclusion
• Deployment of low earth orbit (LEO) satellites
• Increasing use of phased array antennas and growing popularity of IoT applications
Global Market Segmentation: Identifying Major Satellite Connectivity Industry Segments
The satellite connectivity market covered in this report is segmented –
1) By Component: Video, Fixed, Mobility
2) By Orbit: Elliptical, Geostationary Earth Orbit, Low Earth Orbit, Medium Earth Orbit
3) By Application: Earth Observation, Communication, Navigation Or Surveillance
4) By End User: Civil And Earth Observation, Government And Military, Commercial
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What are the Emerging Trends Shaping the Future of the Satellite Connectivity Market?
The key trends in the satellite connectivity market are:
• Miniaturization of satellite components is a major emerging trend.
• Advances in software-defined satellites are shaping the future of the market.
• The emergence of hybrid networks is a significant forthcoming trend.
• Improved spectrum efficiency is becoming increasingly relevant in the satellite connectivity market.
Who Are the Top Competitors & Leading Players in the Satellite Connectivity Market?
Major players in the satellite connectivity market are:
• General Dynamics
• Honeywell International Inc.
• Thales Group
• L3Harris Technologies Inc.
• Leonardo S.p.A
• SpaceX Corp.
• Viasat Inc.
• SES
• Aselasan AS
• Inmarsat Global Ltc.
• Intelsat LLC
• Marlink SAS
• Iridium Communications Inc.
• Telesat
• Hughes Network Systems LLC
• Globalstar Inc.
• Astranis Space Technologies
• Norsat International Inc.
• Telemar Group
• OneWeb Technologies Inc.
Regional Dominance: Which Area Leads the Global Satellite Connectivity Market?
North America was the largest region in the satellite connectivity market in 2024
