China Satellite Internet Market Size & Outlook, 2023-2030
China satellite internet market, 2017-2030 (US$M)
Related Markets
China satellite internet market highlights
- The China satellite internet market generated a revenue of USD 640.4 million in 2023 and is expected to reach USD 1,495.4 million by 2030.
- The China market is expected to grow at a CAGR of 12.9% 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 640.4 million |
| Market revenue in 2030 | USD 1,495.4 million |
| Growth rate | 12.9% (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, China accounted for 6.9% 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 Asia Pacific, China satellite internet market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,459.6 million by 2030.
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Satellite Internet Market Scope
Satellite Internet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 42.86% in 2023. Horizon Databook has segmented the China 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.
In September 2023, China announced ambitious plans for the G60 Star link mega constellation. The project backed by the municipal government of the Chinese city of Shanghai envisages deploying over 12,000 satellites in low Earth orbit, mirroring the scale of SpaceX's Star link program.
G60 Star link signifies China’s commitment to competing on the global stage for widespread broadband internet access. In parallel, China's state-owned company Guo Wang is developing another constellation named Guo Wang, comprising approximately 13,000 satellites.
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Our clientele includes a mix of satellite internet 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 China satellite internet market , including forecasts for subscribers. This country databook contains high-level insights into China satellite internet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China satellite internet market size, by frequency band, 2017-2030 (US$M)
China Satellite Internet Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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