South Korea Satcom Market Size & Outlook, 2024-2030
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South Korea satcom market highlights
- The South Korea satcom market generated a revenue of USD 2,313.1 million in 2024 and is expected to reach USD 4,237.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.6% 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 2,313.1 million |
| Market revenue in 2030 | USD 4,237.3 million |
| Growth rate | 10.6% (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, South Korea accounted for 2.6% 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 |
South Korea 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 59.76% in 2024. Horizon Databook has segmented the South Korea satcom market based on equipment, services covering the revenue growth of each sub-segment from 2017 to 2030.
The growing adoption of satellite communication in military applications is expected to foster the growth of the South Korean market in the coming years.
For instance, in December 2021, Hanwha Systems, a South Korea-based provider of defense electronics and smart ICT solutions and LIG Nex1, a South Korean aerospace manufacturer and defense company, joined forces with South Korea's Defense Acquisition Program Administration (DAPA) to develop ANASIS-II-connected ground-based communication terminals in large numbers.
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Target buyers of South Korea 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 country-level data and insights on the South Korea satcom market , including forecasts for subscribers. This country databook contains high-level insights into South Korea satcom market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea satcom market size, by component, 2017-2030 (US$M)
South Korea SATCOM Market Outlook Share, 2024 & 2030 (US$M)
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