Mexico Satellite Internet Market Size & Outlook, 2023-2030
Mexico satellite internet market, 2017-2030 (US$M)
Related Markets
Mexico satellite internet market highlights
- The Mexico satellite internet market generated a revenue of USD 218.6 million in 2023 and is expected to reach USD 486.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.1% 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 218.6 million |
| Market revenue in 2030 | USD 486.0 million |
| Growth rate | 12.1% (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, Mexico accounted for 2.4% 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 Latin America, Brazil satellite internet market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 932.7 million by 2030.
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Satellite Internet Market Scope
Satellite Internet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 43.23% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico has achieved significant progress in enhancing digital connectivity nationwide in recent years. The government has undertaken various programs to bridge the digital divide, with a specific focus on rural and remote areas. In addition, numerous satellite operators and service providers are already exploring the potential of satellite internet in the country.
In March 2023, CFE Tele comunicaciones Internet para Todos (CFE TEIT), Mexico’s federal agency, selected SES S.A., a satellite telecommunications company, to implement over 1,100 broadband hotspots as part of the Internet para todos (Internet for everyone) government initiative.
Plans envisaged these hotspots utilizing the high-speed Ka-band SES-17 satellite to offer open internet access in public spaces, benefiting communities across Mexico.
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Target buyers of Mexico 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 Mexico satellite internet market , including forecasts for subscribers. This country databook contains high-level insights into Mexico satellite internet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico satellite internet market size, by frequency band, 2017-2030 (US$M)
Mexico Satellite Internet Market Outlook Share, 2023 & 2030 (US$M)
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