Global and Regional Satellite Communication Market Status: Revenue is $15.67 Billion in 2024

Global Satellite Communication Market Overview

According to Global Market Monitor, the global satellite communication market size will be $15.67 billion in 2024 with a CAGR of 3.58% from 2024 to 2029.The satellite communication system is a communication system that uses artificial communication satellites as its core facilities and belongs to space infrastructure. The satellite communication system mainly includes communication satellites operating in space orbit, and ground measurement and control and monitoring systems for tracking, telemetry, and command of the satellites.

With the continuous advancement of technology, satellite communication terminal is developing in the direction of miniaturization, intelligence and multi-function. Intelligence involves the autonomous management capability of satellite communication terminal. As an important part of the modern communication system, satellite communication terminal has not only improved the efficiency and reliability of global communications, but also expanded the boundaries of human activities. Its future development will focus more on improving user experience, meeting the growing communication needs, and promoting the advancement of communication technology to a higher level.

Regional Market

The North American region is a hub for space innovation and research and is home to NASA, the world's largest space agency. In 2022, the U.S. government spent nearly $62 billion on its space program, the highest space program spending in the world. In order to maintain Europe's leading position in Earth observation, the European Space Agency is increasing space funding by 25% in 2022-20253, expanding navigation services, and continuing exploration cooperation with the United States. The European Space Agency has asked its 22 countries to support a budget of around 18.5 billion euros for 2023-2025.

On July 15, 2024, China's first domestic all-electric communication satellite - the Asia-Pacific 6E satellite successfully passed the in-orbit technical acceptance review of satellite and the final technical acceptance review of the ground system in Hong Kong, marking the completion of its in-orbit test and officially put into operation. The Asia-Pacific 6E satellite was developed by the Fifth Academy of China Aerospace Science and Technology Corporation using the Dongfanghong 3E satellite platform. It is the first star of this platform, with a communication capacity of about 30Gbps and an in-orbit life of 15 years. According to experts from China Aerospace Science and Technology Corporation, the successful operation of the Asia-Pacific 6E satellite is of great significance for realizing the satellite platform's high bearing capacity and low cost, improving the international competitiveness of China's communication satellite platform, and realizing the satellite's fully autonomous orbit upgrading and long-term autonomous work in orbit, and improving the intelligent autonomy level of China's satellite platform.

The satellite communications industry is highly innovative and the technology landscape is rapidly evolving, and one of the latest industry trends is the growing demand for smaller and more compact subsystems to replace large satellites, with leading industry players engaging in high levels of collaboration, partnerships and service launches to develop and provide satellite connectivity services to different industries. The top three companies are SES S.A., Intelsat, Eutelsat with the revenue market share of 20.15%, 18.61% and 12.54% in 2023.End-use industries, including television, radio, utilities, etc., utilize these services to improve their productivity and the efficiency of their business activities.

By Type	Fixed-satellite Communication Service
	Mobile-satellite Communication Service
By Application	Satellite TV (DBS/DTH)
	Satellite Radio (DARS)
	Satellite Broadband

For more industry information, please refer to our latest released "Global Satellite Market Professional Research Report 2014-2026, Segmented by Players, Types, End-Users in Major 40 Countries or Regions".