2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of theSatellite Telecommunications Market?

The growth of the satellite telecommunication market is predicted to be fuelled by rising demand for small satellites used for earth observation services. Referred to as satellites weighing less than a kilo (2,204 pounds), these compact devices are used in a broad range of applications such as data communications, earth exploration, and space research, amongst others, which is leading to the growth of the satellite telecommunication market. As noted by the US-based NGO SpaceNews in June 2024, about 85% of commercially procured satellites in 2023 were accounted for by U.S. manufacturers. This led to a 9% rise in satellite manufacturing revenue to $17.2 billion, spurred by the development of advanced small satellites and flexible software-defined payloads. There was also a marked 18% increase from 2022 in commercially procured launches, totalling a record 190. This resulted in the deployment of 2,781 commercial satellites, showing a growth of 20% year-over-year, predominantly driven by SpaceX. Hence, the intensifying demand for small satellites for earth observation services is stimulating the expansion of the satellite telecommunication market.

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#What is the Anticipated CAGR of theSatellite Telecommunications Market, and What Factors Will Drive It?

In recent times, the satellite telecommunications industry has seen substantial growth. The market, which is expected to rise from $34.51 billion in 2024 to $36.58 billion in 2025, will do so at a compound annual growth rate (CAGR) of 6.0%. Factors such as geopolitical issues, market liberalization, disaster recovery, emergency communications, media and broadcasting requirements, and connectivity demands in remote regions have contributed to the growth experienced in the historic period.

Predictions for the satellite telecommunications market size suggest a significant increase in the coming years, reaching $45.29 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. This surge in growth in the predicted period can be traced back to heightened demand for broadband connectivity, IoT and m2m connectivity requirements, the emergence of new market opportunities, worldwide 5g backhaul prerequisites, and monitoring of the environment and climate. Upcoming trends for this forecasted period include satellite utilization for earth observation, the creation of high-capacity optical communication payloads, escalating interest in smallsat and cubesat launches, global proliferation of broadband services, and a highlighted emphasis on space situational awareness (SSA).

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What Key Market Trends and Innovations Are Shaping the Future of theSatellite Telecommunications Industry?

The growth of technological innovation is a prominent trend in the satellite telecommunication market. The leading corporations in this market are concentrating on the development of new technologies. For instance, in January 2023, Qualcomm Technologies, Inc., an American firm that creates digital wireless telecommunication products and services, introduced Snapdragon Satellite. This is the globe’s first satellite-based bi-directional messaging solution tailored for high-end smartphones. The Snapdragon Satellite, fueled by Snapdragon 5G Modem-RF Systems and supported by the fully operational Iridium satellite constellation, is expected to provide global access via mobile messaging from any location in the world.

Which Companies Are Leading the Charge in Expanding theSatellite Telecommunications Market Growth?

Major companies operating in the satellite telecommunications market include Société Européenne des Satellites, Viasat Inc., Telesat Corporation, EchoStar Corporation, L3Harris Technologies Inc., SKY Perfect JSAT Holdings Inc., Gilat Satellite Networks Ltd., Cobham Satcom, Inmarsat Global Limited, Intelsat S.A., Thuraya Telecommunications Company, Honeywell International Inc., Iridium Communications Inc., General Dynamics Corporation, Qualcomm Technologies Inc., Airbus SE, China Aerospace Science and Technology Corporation, Maxar Technologies Inc., Thales Group, Orbcomm Inc., ST Engineering iDirect Inc., Baylin Technologies Inc., KVH Industries Inc., Comtech Telecommunications Corp., Globalstar Inc., Speedcast International Limited, Hispasat S.A., Ligado Networks LLC, Lockheed Martin Corporation, Northrop Grumman Corporation, SES Americom Inc., Space Exploration Technologies Corp., Telespazio Spa

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How is the Global Satellite Telecommunications Market Segemented?

The satellite telecommunications market covered in this report is segmented –

1) By Component: Receiver, Transmitter Or Transponder, Transceiver, Antenna, Other Components

2) By Platform: Portable SATCOM Equipment, Land SATCOM Equipment, Maritime SATCOM Equipment, Airborne SATCOM Equipment

3) By Application: Asset Tracking Or Monitoring, Airtime, Drones Connectivity, Data Backup And Recovery, Navigation And Monitoring, Tele-medicine, Broadcasting, Other Applications

4) By Vertical: Energy And Utility, Government And Defense, Transport And Cargo, Maritime, Mining And Oil And Gas, Agriculture, Communication Companies, Corporates Or Enterprises, Media And Broadcasting, Other Verticals

Subsegments:

1) By Receiver: Ground Receivers, Satellite Receivers

2) By Transmitter Or Transponder: Ka-Band Transponders, Ku-Band Transponders, C-Band Transponders

3) By Transceiver: Integrated Transceivers, Standalone Transceivers

4) By Antenna: Parabolic Antennas, Phased Array Antennas, Flat Panel Antennas

5) By Other Components: Frequency Converters, Modulators And Demodulators, Signal Processors

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Which Geographics are Influencing the Growth of the Satellite Telecommunications Market?

North America was the largest region in the satellite telecommunications market in 2024. The regions covered in the satellite telecommunications market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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