India Satcom Market Size & Outlook, 2024-2030
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India satcom market highlights
- The India satcom market generated a revenue of USD 3,509.6 million in 2024 and is expected to reach USD 5,942.7 million by 2030.
- The India market is expected to grow at a CAGR of 9.2% 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.
Satcom market data book summary
| Market revenue in 2024 | USD 3,509.6 million |
| Market revenue in 2030 | USD 5,942.7 million |
| Growth rate | 9.2% (CAGR from 2025 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Equipment |
| Historical data | 2017 - 2023 |
| Base year | 2024 |
| Forecast period | 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, India accounted for 3.9% of the global satcom market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China satcom market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 14,232.1 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 |
India 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 58.47% in 2024. Horizon Databook has segmented the India satcom market based on equipment, services covering the revenue growth of each sub-segment from 2017 to 2030.
In India, satellite communication has an impact on several services, including mobile satellite services; fixed satellite services; consumer services; Position, Velocity, and Timing (PVT) services; and remote sensing services.
The government of India is introducing new reforms related to the satellite communication industry, which is ultimately boosting the growth of the satellite communication market.
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Target buyers of India 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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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 country-level data and insights on the India satcom market , including forecasts for subscribers. This country databook contains high-level insights into India satcom market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India satcom market size, by component, 2017-2030 (US$M)
India SATCOM Market Outlook Share, 2024 & 2030 (US$M)
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