Home > > > Understanding the Value Chain in the Satellite Communication Market

Understanding the Value Chain in the Satellite Communication Market

Author : Tom Clark | Published On : 25 Apr 2025

Satellite Communication Industry Overview

The global Satellite Communication Market, valued at approximately $90.30 billion in 2024, is anticipated to expand at a compound annual growth rate (CAGR) of 10.2% between 2025 and 2030. This robust growth is largely fueled by the increasing adoption of High-throughput Satellite (HTS) technology. Offering substantially greater capacity and data speeds compared to conventional systems, HTS facilitates faster and more efficient data transfer, making it well-suited for applications demanding high bandwidth, including video streaming, remote sensing, and Internet of Things (IoT) connectivity.

Furthermore, the rapid expansion of new frequency bands, encompassing high-frequency and very high-frequency spectrums, is increasing the available satcom resources. These bands provide enhanced bandwidth and capacity, thereby enabling higher data rates and supporting bandwidth-intensive applications. Globally, numerous solution providers are concentrating on creating offerings that deliver improved connectivity for a wide array of applications. As an example, in June 2023, Get SAT Ltd, a company specializing in miniaturized Satcom terminals, introduced its newest product line, MoComm.

Detailed Segmentation:

  • Component Insights

The equipment segment is expected to grow at the fastest CAGR during the forecast period, owing to the growing need for uninterrupted communication across industries and increasing use of connected and autonomous vehicles. Satcom equipment ensures the smooth functioning of diverse applications, such as telecommunications, navigation, weather monitoring, and surveillance systems, by enabling effective communication with satellites orbiting the Earth. The introduction of LEO satellites and satellite constellations for telecommunication purposes is also expected to drive the equipment segment growth.

  • Satellite Constellations Insights

The geostationary equatorial orbit (GEO) satellites segment is expected to grow at a significant CAGR during the forecast period. Geostationary equatorial orbit satellites are ideal for broadcasting, as they ensure continuous, reliable service, which is critical for television and radio networks, broadcasts, and direct-to-home (DTH) services. With no need for complex tracking systems, stationary GEO satellites provide stable, high-quality signals to fixed-ground antennas, supporting media distribution to vast audiences with minimal disruption.

  • Frequency Band Insights

The Ks-band is projected to grow at the fastest CAGR over the forecast period.The Ka-band frequency segment covers frequencies ranging from 17.3 to 30 GHz. The capability of the Ka-band to support high data rates drives growth of the segment in the market. The higher frequencies in the Ka-band allow for greater bandwidth, which translates to faster internet speeds and enhanced data throughput compared to lower-frequency bands such as Ku and C-band.   

  • Application Insights

The airtime segment is projected to grow at the fastest CAGR over the forecast period, owing to the rising demand for reliable and affordable communication services for flights and aircraft. Satcom solutions offer seamless connectivity and high-speed internet access onboard aircraft, catering to the needs of both the crew and business applications. The growing use of satcom for aircraft navigation and remote troubleshooting is also expected to contribute to the segment's promising growth prospects.

  • Vertical Insights

The government & defense segment is projected to grow at the fastest CAGR over the forecast period. Increasing emphasis on secure and resilient satcom solutions to meet the evolving needs of government agencies and defense organizations is a key factor contributing to the growth of the segment. This includes the adoption of advanced encryption techniques, anti-jamming capabilities, and robust cybersecurity measures to safeguard sensitive data and ensure uninterrupted communication in critical situations.

  • Regional Insights

The North America satellite communication market held a significant share in 2024. Growing demand for satellite broadband services, especially for providing reliable connectivity in remote, hard-to-reach, and underserved regions of North America, is likely to drive regional growth over the forecast period. The region is also home to key industry players such as Viasat, Inc.; Intelsat; Telesat; and Harris Technologies, Inc. Their strong focus on innovations and investments in research and development, advanced technologies, and strategic partnerships are fueling the expansion of the industry in the region.

Gather more insights about the market drivers, restraints, and growth of the Satellite Communication Market

Key Companies & Market Share Insights

Some of the key companies in the Satellite communication market include Viasat, Inc., SES S.A, L3 Harris Technologies, Inc., EchoStar Corporation, and SKY Perfect JSAT Group. Organizations are focusing on increasing the customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies.

  • Viasat, Inc. is engaged in providing communications technologies and services. The company offers end-to-end platforms for ground infrastructure, Ka-band satellites, and user terminals to provide high-speed, high-quality broadband solutions to enterprises, governments, and consumers across the globe.
  • Intelsat S.A. offers satcom services for transmitting data, video, and voice signals. The company provides these services to various media companies, wireless & fixed telecom operators, data networking service providers, ISPs, and multinational corporations.

Key Satellite Communication Companies:

The following are the leading companies in the satellite communication market. These companies collectively hold the largest market share and dictate industry trends.

  • Viasat, Inc.
  • SES S.A
  • Intelsat S.A.
  • Telesat Corporation
  • EchoStar Corporation
  • L3Harris Technologies, Inc
  • Thuraya Telecommunications Company (Yashat)
  • SKY Perfect JSAT Holdings Inc.
  • Gilat Satellite Networks Ltd.
  • Cobham Limited

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

Recent Developments

  • In April 2025, SpinLaunch, a space technology company, announced a USD 12 million strategic investment from Kongsberg Defence & Aerospace to support the development and commercialization of its revolutionary Low-Earth Orbit (LEO) satellite broadband constellation, Meridian Space. This partnership highlights SpinLaunch’s commitment to delivering affordable and sustainable satellite communication services globally.
  • In April 2023, SES S.A. and Corporación Nacional de Telecomunicaciones (CNT), a telecommunications provider, partnered to support Ecuador's digital inclusion efforts in the Galapagos Islands. They have announced a significant expansion agreement for medium earth orbit satellite capacity. This expansion aims to provide enhanced broadband connectivity and 3G/4G/5G mobile services to businesses, residents, and tourists across the isolated Galapagos Islands in the eastern Pacific Ocean, contributing to the development and connectivity of the region.