Global Satellite Internet Market Size & Outlook, 2023-2030
Global satellite internet market, 2017-2030 (US$M)
Related Markets
Global satellite internet market highlights
- The global satellite internet market generated a revenue of USD 9,222.8 million in 2023 and is expected to reach USD 22,571.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.6% by 2030.
- In terms of segment, k-band accounted for a revenue of USD 3,877.9 million in 2023.
- K-band is the most lucrative frequency band segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 9,222.8 million |
| Market revenue in 2030 | USD 22,571.5 million |
| Growth rate | 13.6% (CAGR from 2023 to 2030) |
| Largest segment | K-band |
| Fastest growing segment | K-band |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | L-band, C-band, K-band, X-band |
Other key industry trends
- In terms of revenue, the North America accounted for 32.2% of the global satellite internet market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 486.0 million by 2030.
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Satellite Internet Market Scope
Satellite Internet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global satellite internet 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 satellite internet market will help companies and investors design strategic landscapes.
K-band was the largest segment with a revenue share of 42.05% in 2023. Horizon Databook has segmented the Global satellite internet market based on l-band, c-band, k-band, x-band covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Satellite Internet Frequency Band Outlook (Revenue, USD Million, 2017-2030)
- L-band
- C-band
- K-band
- X-band
- Global Satellite Internet Industry Outlook (Revenue, USD Million, 2017-2030)
- Energy & Utility
- Government and Public Sector
- Transport & Cargo
- Maritime
- Military
- Corporates/Enterprises
- Media & Broadcasting
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global satellite internet market , including forecasts for subscribers. This global databook contains high-level insights into Global satellite internet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global satellite internet market size, by regions, 2017-2030 (US$M)
Top 10 countries: Satellite internet market size, 2023 (US$M)
Global satellite internet market share, by frequency band, 2023 & 2030 (%, US$M)
Satellite internet market: Opportunity assessment by country
Global satellite internet market, by region, 2023 (US$M)
| Frequency Band | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,581.7 | 1,751.9 | 1,941.5 | 2,158.3 | 2,394.2 | 2,660.1 | 2,966.1 | 3,325.1 | 3,744.1 | 4,233.4 | 4,797.7 | 5,442.6 | 6,177.9 | 7,019.8 | 13.1% |
| Europe | 1,237.7 | 1,381.8 | 1,543.7 | 1,729.8 | 1,934.3 | 2,166.3 | 2,435.0 | 2,751.6 | 3,123.2 | 3,559.7 | 4,066.5 | 4,650.2 | 5,320.8 | 6,094.3 | 14.0% |
| Asia Pacific | 1,099.1 | 1,236.5 | 1,392.1 | 1,572.0 | 1,771.3 | 1,999.3 | 2,264.6 | 2,578.7 | 2,949.6 | 3,387.8 | 3,900.0 | 4,494.3 | 5,182.2 | 5,981.4 | 14.9% |
| Latin America | 396.7 | 437.0 | 481.8 | 533.1 | 588.3 | 650.4 | 721.5 | 804.6 | 901.4 | 1,014.0 | 1,143.4 | 1,290.6 | 1,457.5 | 1,647.8 | 12.5% |
| MEA | 463.5 | 510.8 | 562.9 | 621.8 | 685.1 | 755.5 | 835.6 | 928.4 | 1,035.4 | 1,158.7 | 1,298.6 | 1,455.6 | 1,631.3 | 1,828.2 | 11.8% |
| Overall | 4,778.7 | 5,318.0 | 5,922.0 | 6,615.0 | 7,373.2 | 8,231.6 | 9,222.8 | 10,388.4 | 11,753.7 | 13,353.6 | 15,206.2 | 17,333.3 | 19,769.7 | 22,571.5 | 13.6% |
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