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.

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.

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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.