UK Satellite Internet Market Size & Outlook, 2023-2030
UK satellite internet market, 2017-2030 (US$M)
Related Markets
UK satellite internet market highlights
- The UK satellite internet market generated a revenue of USD 568.2 million in 2023 and is expected to reach USD 1,523.5 million by 2030.
- The UK market is expected to grow at a CAGR of 15.1% 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 568.2 million |
| Market revenue in 2030 | USD 1,523.5 million |
| Growth rate | 15.1% (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, UK accounted for 6.2% 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 Europe, Germany satellite internet market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,523.5 million by 2030.
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Satellite Internet Market Scope
Satellite Internet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 41.11% in 2023. Horizon Databook has segmented the UK 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 U.K. government is pursuing various strategic initiatives to boost innovation in the satellite internet market. For instance, in October 2022, the U.K. government announced funding worth GBP 15 million (USD 17.1 million) to revolutionize satellite communication technology for businesses in the U.K.
In January 2023, the UK Space Agency unveiled funding of GBP 50 million (USD 61.8 million) to accelerate the growth of the country's satellite communication industry. Both fundings are being made through the European Space Agency's Advanced Research in Telecommunications Services (ARTES) program.
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Target buyers of UK 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 UK satellite internet market , including forecasts for subscribers. This country databook contains high-level insights into UK satellite internet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK satellite internet market size, by frequency band, 2017-2030 (US$M)
UK Satellite Internet Market Outlook Share, 2023 & 2030 (US$M)
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