Canada Satellite Internet Market Size & Outlook, 2023-2030
Canada satellite internet market, 2017-2030 (US$M)
Related Markets
Canada satellite internet market highlights
- The Canada satellite internet market generated a revenue of USD 563.4 million in 2023 and is expected to reach USD 1,523.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 15.3% from 2024 to 2030.
- In terms of segment, k-band was the largest revenue generating frequency band in 2023.
- K-band is the most lucrative frequency band segment registering the fastest growth during the forecast period.
Satellite internet market data book summary
| Market revenue in 2023 | USD 563.4 million |
| Market revenue in 2030 | USD 1,523.3 million |
| Growth rate | 15.3% (CAGR from 2023 to 2030) |
| Largest segment | K-band |
| Fastest growing segment | K-band |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | L-band, C-band, K-band, X-band |
| Key market players worldwide | Singapore Telecommunications Ltd, EchoStar Corp Class A, Thuraya Telecommunications, Eutelsat Communications, Viasat Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 6.1% of the global satellite internet market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. satellite internet market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,523.3 million by 2030.
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Satellite Internet Market Scope
Satellite Internet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 40.61% in 2023. Horizon Databook has segmented the Canada 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.
The aggressive investments the Canadian government is making in the space industry are expected to propel the growth of the satellite internet market over the forecast period. In August 2021, the Government of Canada entered into an agreement with Tele sat Corporation to invest CAD 1.44 billion (USD 1.15 billion) into Tele sat Corporation’s Tele sat Lightspeed, an advanced Low Earth Orbit (LEO) satellite constellation.
Tele sat Lightspeed is expected to enable broadband internet and 5G and LTE connectivity in Canada starting in 2024. The ambitious project aims to connect approximately 40,000 households located in rural and remote regions of the country. Such initiatives are contributing significantly to the growth of the Canadian satellite internet market.
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Our clientele includes a mix of satellite internet market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada satellite internet market , including forecasts for subscribers. This country databook contains high-level insights into Canada satellite internet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada satellite internet market size, by frequency band, 2017-2030 (US$M)
Canada Satellite Internet Market Outlook Share, 2023 & 2030 (US$M)
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