GITNUX MARKETDATA REPORT 2024

Satcom Industry Statistics

The Satcom industry is expected to see continued growth in satellite services across various sectors such as telecommunications, broadcasting, and Earth observation.

Statistic 1

"As of 2026, the global satellite communication (SatCom) market size is projected to reach USD 41.33 billion."

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Statistic 2

"The SatCom market is predicted to grow at a rate of 7.4% CAGR from 2019-2026."

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Statistic 3

"The market size for SatCom in 2019 was 22.12 billion US dollars."

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Statistic 4

"As of 2020, the SatCom market in North America is worth $7.61 billion."

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Statistic 5

"The Asia Pacific SatCom market is expected to grow at 9.1% from 2021 to 2028."

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Statistic 6

"The aerospace sector has been one of the largest end-users of the SatCom services, with its share being 39.1% in 2020."

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Statistic 7

"Mobile SatCom Market expected to reach $5.2 billion by 2025, at a CAGR of 10.4%."

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Statistic 8

"SatCom is forecasted to dominate the communications sector with ground stations operation estimated to reach $154.9 million by 2027."

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Statistic 9

"Europe is set to grow at a 8.1% CAGR in the SatCom ground equipment market from 2021 to 2027."

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Statistic 10

"Military and Defense sector held notable share in SatCom equipment market in 2020."

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Statistic 11

"As of 2020, the SatCom services market size in the maritime industry was estimated to be $2.8 billion."

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Statistic 12

"The SatCom services market is expected to witness a CAGR of 7.1% during the forecast period (2021 - 2026)."

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Statistic 13

"By 2025, global Narrowband Internet-of-Things (IoT) chipset market from satellite communication application is set to reach $181.14 million."

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Statistic 14

"The commercial sector (non-military) accounts for 60% of the total satellite communications market."

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Statistic 15

"As of 2021, about 40% of all active satellites are communication satellites."

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Statistic 16

"The nano and microsatellites segment of the SatCom market is projected to grow at a CAGR of 21.8% through 2026."

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Statistic 17

"As of 2018, the total revenue of global satellite industry was $277 billion and the largest segment revenue was generated by satellite services at $128.7 billion."

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Statistic 18

"Number of commercial satellites ordered globally in 2020 was 404, an increase from 158 in the previous year."

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Statistic 19

"Fixed satellite services hold majority of revenue share in the SatCom market."

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Statistic 20

"Mobile satellite services segment is projected to witness strong growth during forecast period due to surge in remote communication needs."

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