Satellite Communication Market Size, Share & Trends Analysis Report By Component (Equipment, Services), By Satellite Constellations (LEO, MEO, GEO), By Frequency Band (L-band, S-band, C-band), By Application, By Vertical, By Region, And Segment Forecasts,

Satellite Communication Market Growth & Trends

The global satellite communication market size is expected to reach USD 159.60 billion by 2030, registering a CAGR of 10.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rising demand for small satellites for tactical communication, geospace and atmospheric research, and medium-resolution imagery in military and defense applications is driving this growth. The growing demand for Satellite Communication (SATCOM) solutions across the aviation industry to improve air traffic management and airline operations is also expected to drive the market.

The advent of the 5G network and several scheduled Medium Earth Orbit (MEO) and Low Earth Orbit (LEO) satellites launches are likely to favor the expansion of the SATCOM market. In addition, the evolution of satcom in the connectivity sector has prompted SATCOM operators to offer solutions that can be integrated with IoT devices to enable seamless data exchange and connectivity. For instance, in July 2022, EchoStar Mobile Limited, a mobile satellite services provider, announced the deployment of its pan-European LoRa-equipped IoT network operating in the S-band spectrum via the EchoStar XXI satellite.

Satcom providers have been shifting their focus on providing high bandwidth satcom transponders with higher throughput and a lower price point. The adoption of satcom transponders has significantly increased owing to the growing demand for high-speed broadband from domestic users as well as corporates, and the expansion of Ka-band and Ku-band services. Moreover, ambitious space development missions by space organizations, including the China National Space Administration and the Indian Space Research Organization, are likely to drive the market over the forecast period.

Satellite Communication Market Report Highlights

• The services segment accounted for the largest share of 58.8% in 2024. The equipment segment is expected to grow at the fastest CAGR during the forecast period.
• The low earth orbit (LEO) satellites segment held the largest market share in 2024. The geostationary equatorial orbit (GEO) satellites segment is expected to grow at a significant CAGR during the forecast period.
• The Ku-band segment dominated the market in 2024. The Ks-band is projected to grow at the fastest CAGR over the forecast period.
• The broadcasting segment dominated the market in 2024. The airtime segment is projected to grow at the fastest CAGR over the forecast period.
• The media & broadcasting segment dominated the market in 2024. The government & defense segment is projected to grow at the fastest CAGR over the forecast period.

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