U.S. Satellite Internet Market Size & Outlook, 2023-2030
U.S. satellite internet market, 2017-2030 (US$M)
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U.S. satellite internet market highlights
- The U.S. satellite internet market generated a revenue of USD 2,402.7 million in 2023 and is expected to reach USD 5,496.5 million by 2030.
- The U.S. 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.
Satellite internet market data book summary
| Market revenue in 2023 | USD 2,402.7 million |
| Market revenue in 2030 | USD 5,496.5 million |
| Growth rate | 12.5% (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, U.S. accounted for 26.1% 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 North America, U.S. satellite internet market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,523.3 million by 2030.
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Satellite Internet Market Scope
Satellite Internet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 39.7% in 2023. Horizon Databook has segmented the U.S. 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 satellite internet market in the U.S. has witnessed substantial growth, marking a transformative shift in the country's connectivity landscape. Companies, such as SpaceX, and oneweb.net. have been aggressively deploying constellations of Low Earth Orbit (LEO) satellites to offer broadband services with unprecedented coverage.
The intensifying competition has not only driven innovation but also increased affordability and improved service quality. For instance, in February 2023, SpaceX announced that it is adding more powerful second-generation satellites to its internet-beaming Star link constellation.
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Target buyers of U.S. 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 U.S. satellite internet market , including forecasts for subscribers. This country databook contains high-level insights into U.S. satellite internet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. satellite internet market size, by frequency band, 2017-2030 (US$M)
U.S. Satellite Internet Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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