Latin America Satellite Internet Market Size & Outlook
Latin America satellite internet market, 2017-2030 (US$M)
Related Markets
Latin America satellite internet market highlights
- The Latin America satellite internet market generated a revenue of USD 721.5 million in 2023.
- The market is expected to grow at a CAGR of 12.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 721.5 million |
| Market revenue in 2030 | USD 1,647.8 million |
| Growth rate | 12.5% (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 |
| 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, Latin America region accounted for 7.8% of the global satellite internet market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,981.4 million by 2030.
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Satellite Internet Market Scope
Satellite Internet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 43.91% in 2023. Horizon Databook has segmented the Latin America 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 need for connectivity in remote and rural regions is driving the adoption of satellite internet across Latin America. The initiatives to bridge the digital divide and improve education and healthcare services are also propelling the growth of the market. Satellite internet services can be deployed quickly in hardto-reach areas.
Such benefits associated with satellite internet are encouraging regional governments to strike partnerships with satellite providers, thereby accelerating the growth of the market. As such, satellite internet is poised to play a pivotal role in shaping the connectivity landscape across Latin America.
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Target buyers of Latin America 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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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 continent-level data and insights on the Latin America satellite internet market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America satellite internet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America satellite internet market size, by country, 2017-2030 (US$M)
Latin America Satellite Internet Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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