South Korea Satellite Internet Market Size & Outlook
South Korea satellite internet market, 2017-2030 (US$M)
Related Markets
South Korea satellite internet market highlights
- The South Korea satellite internet market generated a revenue of USD 274.2 million in 2023 and is expected to reach USD 807.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.7% 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 274.2 million |
| Market revenue in 2030 | USD 807.4 million |
| Growth rate | 16.7% (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, South Korea accounted for 3.0% 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 |
|---|
South Korea 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 43.87% in 2023. Horizon Databook has segmented the South Korea 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.
A combination of increasing demand for reliable connectivity and the subsequent advances in technology to cater to this growing demand is driving the growth of the satellite internet market in South Korea. The country's challenging terrain, characterized by mountainous regions, is challenging conventional infrastructure deployment, making satellite internet an attractive solution.
South Korea's strong emphasis on high-speed internet and digital innovation is further fueling the growth of the market. Government initiatives aimed at promoting broadband access in rural and remote areas are typically contributing to the growing adoption of satellite internet.
Additionally, the rising demand for seamless connectivity from the incumbents of education, healthcare, and agriculture, among other industries and industry verticals, is also propelling the adoption of satellite internet.
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Target buyers of South Korea 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 South Korea satellite internet market , including forecasts for subscribers. This country databook contains high-level insights into South Korea satellite internet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea satellite internet market size, by frequency band, 2017-2030 (US$M)
South Korea Satellite Internet Market Outlook Share, 2023 & 2030 (US$M)
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