India Satellite Internet Market Size & Outlook, 2023-2030
India satellite internet market, 2017-2030 (US$M)
Related Markets
India satellite internet market highlights
- The India satellite internet market generated a revenue of USD 476.0 million in 2023 and is expected to reach USD 1,459.6 million by 2030.
- The India market is expected to grow at a CAGR of 17.4% 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 476.0 million |
| Market revenue in 2030 | USD 1,459.6 million |
| Growth rate | 17.4% (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, India accounted for 5.2% 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 |
|---|
India 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 44.2% in 2023. Horizon Databook has segmented the India 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.
Given India's large population and the government's push for digital transformation, the Indian satellite internet market is poised for significant growth. According to a 2021 report by ICRA, the number of satellite internet users in India is expected to increase six fold and reach around 2 million by 2025.
The growth not only reflects the increasing demand for fast internet but also highlights the important role satellite technology has to play in shaping India's digital future. Although the potentially large number of satellite internet users offers economic advantages, the success of satellite internet in India depends on keeping costs reasonable.
Nevertheless, as the Indian government actively promotes digital connectivity, satellite internet becomes crucial, especially in challenging and remote areas, where setting up conventional internet infrastructure is challenging.
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Target buyers of India satellite internet market databook
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Our clientele includes a mix of satellite internet 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 India satellite internet market , including forecasts for subscribers. This country databook contains high-level insights into India satellite internet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India satellite internet market size, by frequency band, 2017-2030 (US$M)
India Satellite Internet Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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