Europe Satcom Market Size & Outlook, 2024-2030
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Europe satcom market highlights
- The Europe satcom market generated a revenue of USD 24,084.2 million in 2024.
- The market is expected to grow at a CAGR of 10.3% from 2025 to 2030.
- In terms of segment, services was the largest revenue generating component in 2024.
- Equipment is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 24,084.2 million |
| Market revenue in 2030 | USD 43,339.6 million |
| Growth rate | 10.3% (CAGR from 2025 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data covered | 2017 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Services |
| Key market players worldwide | Viasat Inc, SES SA DR, Telesat Corp Class A, EchoStar Corp Class A, L3Harris Technologies Inc, Thuraya Telecommunications, SKY Perfect JSAT Holdings Inc ADR, Gilat Satellite Networks Ltd |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.7% of the global satcom market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 39,665.9 million by 2030.
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SATCOM Market Scope
SATCOM Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gilat Satellite Networks Ltd | View profile | 1183 | 21 Yegia Kapayim Street, Gilat House, Kiryat Arye, Petah Tikva, Israel, 4913020 | https://www.gilat.com |
| Thuraya Telecommunications | View profile | 251-500 | Dubai, Dubai, United Arab Emirates, Asia | http://www.thuraya.com/ |
| SKY Perfect JSAT Holdings Inc ADR | View profile | 1632 | 1-8-1 Akasaka, Akasaka Intercity AIR, Minato-ku, Tokyo, Japan, 107-0052 | https://www.skyperfectjsat.space |
| Telesat Corp Class A | View profile | 490 | 160 Elgin Street, Ottawa, ON, Canada, K2P 2P7 | https://www.telesat.com |
| SES SA DR | View profile | 2294 | Chateau de Betzdorf, Betzdorf, Luxembourg, Luxembourg, L-6815 | https://www.ses.com |
| EchoStar Corp Class A | View profile | 15300 | 9601 South Meridian Boulevard, Englewood, CO, United States, 80112 | https://www.echostar.com |
| Viasat Inc | View profile | 6800 | 6155 El Camino Real, Carlsbad, CA, United States, 92009 | https://www.viasat.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
Europe satcom market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to satcom market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 58.95% in 2024. Horizon Databook has segmented the Europe satcom market based on equipment, services covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing demand for broadband connectivity and the growing focus of the European government on sustainable practices in the satellite communication industry are propelling the growth of the market.
In February 2022, the European Commission submitted a proposal to develop and deploy a multi-orbital satellite constellation, owned by the EU, to provide uninterrupted worldwide access to satellite communication services.
The proposal aims to provide satellite communication services primarily to EU institutions and member state governments but also for commercial purposes. Such initiatives are fostering the growth of the European satellite communication market.
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Target buyers of Europe satcom market databook
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Our clientele includes a mix of satcom market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe satcom market , including forecasts for subscribers. This continent databook contains high-level insights into Europe satcom market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe satcom market size, by country, 2017-2030 (US$M)
Europe SATCOM Market Outlook Share, 2024 & 2030 (US$M)
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