The Latest Satcom Industry Statistics Explained
As of 2026, the global satellite communication (SatCom) market size is projected to reach USD 41.33 billion.
The statistic indicates that by the year 2026, the global satellite communication (SatCom) market is estimated to grow and reach a market size of USD 41.33 billion. This projection suggests a significant increase in the market value compared to previous years, showcasing the expanding importance and popularity of SatCom technologies around the world. The growth in this market size demonstrates a rising demand for satellite communication services and equipment, likely driven by factors such as increasing global connectivity needs for telecommunication, broadcasting, internet services, navigation, and other applications that rely on satellite technology. This projection provides valuable insights for stakeholders in the SatCom industry, guiding strategic decision-making and investment opportunities in the evolving market landscape.
The SatCom market is predicted to grow at a rate of 7.4% CAGR from 2019-2026.
The statistic that the SatCom market is predicted to grow at a Compound Annual Growth Rate (CAGR) of 7.4% from 2019 to 2026 indicates the expected average annual growth rate of the market over the specified time period. This growth rate signifies the rate at which the market size is anticipated to increase each year, reflecting positive expansion and potential opportunities within the satellite communications industry. The CAGR provides a standardized measure to assess the year-over-year growth of the SatCom market, enabling stakeholders to understand the market’s trajectory and plan for future investments or strategies accordingly.
The market size for SatCom in 2019 was 22.12 billion US dollars.
The statistic “The market size for SatCom in 2019 was 22.12 billion US dollars” refers to the total estimated value of the satellite communication industry in 2019. This figure represents the overall combined revenue generated by companies operating in the satellite communication sector, including revenue from satellite manufacturing, launching, operation, and related services. It indicates the level of economic activity and growth potential within the SatCom industry during the specified year, serving as a key metric for measuring the industry’s importance and impact on the global economy. Additionally, by comparing this market size figure to data from previous years or to projections for future years, stakeholders can gain insights into trends, performance, and potential opportunities within the SatCom market.
As of 2020, the SatCom market in North America is worth $7.61 billion.
The statistic “As of 2020, the SatCom market in North America is worth $7.61 billion” indicates the total value of the satellite communications (SatCom) industry in North America during the year 2020. This figure represents the estimated revenue generated from various satellite communication services and technologies such as satellite broadband, satellite broadcasting, and satellite phone services in the region. The market value of $7.61 billion reflects the economic significance and growth potential of the SatCom industry in North America, highlighting the increasing demand for satellite-based communication solutions and the expanding opportunities within this sector for businesses and investors.
The Asia Pacific SatCom market is expected to grow at 9.1% from 2021 to 2028.
The statistic that the Asia Pacific SatCom market is expected to grow at 9.1% from 2021 to 2028 indicates a positive trend in the satellite communication industry in the region over the next seven years. This growth rate signifies an increasing demand for satellite communication services and technologies, likely driven by factors such as increasing connectivity needs, digital transformation initiatives, expanding mobile and internet services, and the deployment of advanced satellite technologies. The projected growth suggests potential business opportunities in the satellite communication sector within the Asia Pacific region, attracting investments and fostering innovation to meet the rising demand for reliable and high-speed communication solutions.
The aerospace sector has been one of the largest end-users of the SatCom services, with its share being 39.1% in 2020.
This statistic indicates that in 2020, the aerospace sector accounted for 39.1% of the total usage of SatCom services, making it one of the most significant industries utilizing these services. This implies that the aerospace industry heavily relies on satellite communication for various purposes such as aircraft communication, navigation, surveillance, and data transmission. The high share of the aerospace sector in the utilization of SatCom services suggests the industry’s dependence on reliable and efficient satellite-based communication technologies to support its operations and services.
Mobile SatCom Market expected to reach $5.2 billion by 2025, at a CAGR of 10.4%.
The statistic indicates that the Mobile SatCom (Satellite Communication) Market is projected to grow to $5.2 billion by the year 2025, with a Compound Annual Growth Rate (CAGR) of 10.4%. This implies that the market for satellite communication services on mobile devices is expected to experience steady and significant growth over the next few years. The CAGR of 10.4% reflects the annual growth rate of the market size, suggesting a positive trend in consumer adoption and demand for mobile satellite communication services. This growth projection may be driven by various factors such as increasing reliance on mobile connectivity, advancements in satellite technology, expanding coverage areas, and growing demand for reliable and secure communication services in remote regions.
SatCom is forecasted to dominate the communications sector with ground stations operation estimated to reach $154.9 million by 2027.
The statistic provided indicates that within the communications sector, satellite communication (SatCom) is projected to have significant growth and is expected to dominate the industry by 2027. This dominance is forecasted to be driven by the operation of ground stations, with estimated revenues reaching $154.9 million by that year. This suggests that there is a strong market demand and investment potential in satellite communication technologies and infrastructure, particularly in the operation of ground stations for managing satellite communications. This statistic highlights the increasing reliance and importance of SatCom in the broader communications industry and its promising outlook for future growth and development.
Europe is set to grow at a 8.1% CAGR in the SatCom ground equipment market from 2021 to 2027.
This statistic indicates that the SatCom ground equipment market in Europe is forecasted to achieve a Compound Annual Growth Rate (CAGR) of 8.1% from the year 2021 to 2027. This growth rate suggests a steady and consistent increase in the demand for satellite communication ground equipment within the European region over the specified time period. The CAGR takes into account the cumulative growth rate over multiple years, providing a standardized measure to evaluate the market’s expansion. This forecast could be influenced by factors such as technological advancements, increasing adoption of satellite communication services, government investment in communication infrastructure, and evolving consumer needs for reliable and high-speed connectivity in various sectors.
Military and Defense sector held notable share in SatCom equipment market in 2020.
The statement “Military and Defense sector held notable share in SatCom equipment market in 2020” indicates that the Military and Defense industry was a significant contributor to the market for Satellite Communication (SatCom) equipment in the year 2020. This suggests that a substantial portion of the market demand for SatCom equipment came from the Military and Defense sector, either in terms of purchases, investments, or technological advancements. This could be attributed to the increasing reliance on satellite communications for military operations, intelligence gathering, and national security purposes, leading to a notable presence and influence of the Military and Defense sector in shaping the SatCom equipment market landscape in 2020.
As of 2020, the SatCom services market size in the maritime industry was estimated to be $2.8 billion.
The statistic indicates that in the year 2020, the market size of Satellite Communication (SatCom) services within the maritime industry was estimated to be $2.8 billion. This figure represents the total value of all SatCom services utilized by companies operating within the maritime sector, which includes services such as maritime satellite communication, tracking, and monitoring systems. The estimation suggests a significant investment in communication technology within the maritime industry, likely driven by the need for reliable and efficient communication tools to ensure safe and effective operations at sea. This statistic serves as a valuable insight into the growing importance of SatCom services for the maritime industry and highlights the substantial economic value associated with these technologies in the sector.
The SatCom services market is expected to witness a CAGR of 7.1% during the forecast period (2021 – 2026).
This statistic indicates that the Satellite Communications (SatCom) services market is projected to experience a Compound Annual Growth Rate (CAGR) of 7.1% over the period from 2021 to 2026. The CAGR is a measure of the average annual growth rate of a market or industry over a specified period of time, in this case, five years. A CAGR of 7.1% suggests a steady and consistent growth trajectory for the SatCom services market, with an expectation of sustained expansion in demand and revenues within the industry during the forecast period. This growth rate provides valuable insight for stakeholders, investors, and decision-makers in understanding the anticipated growth potential and attractiveness of the SatCom services market in the coming years.
By 2025, global Narrowband Internet-of-Things (IoT) chipset market from satellite communication application is set to reach $181.14 million.
The statistic suggests that by the year 2025, the global market for Narrowband Internet-of-Things (IoT) chipsets used in satellite communication applications is projected to reach a value of $181.14 million. This figure represents the estimated revenue generated by the sales of IoT chipsets specifically designed for low-power, wide-area network (LPWAN) applications via satellite communication technologies. The forecasted growth in this market segment indicates an increasing demand for IoT devices that rely on satellite connectivity for data transmission, enabling connectivity in remote or inaccessible areas where traditional communication networks may not be available or efficient. The substantial market size implies a growing adoption of satellite-based IoT solutions across various industries and applications by the year 2025.
The commercial sector (non-military) accounts for 60% of the total satellite communications market.
This statistic indicates that the commercial sector, excluding military applications, holds a dominant share in the satellite communications market, representing 60% of the total market. This suggests that a significant portion of satellite communication services and technologies are utilized by businesses, organizations, and individuals for purposes such as telecommunications, broadcasting, internet access, and data transmission. The commercial sector’s prominence highlights the importance of satellite communications in supporting various industries and applications, driving economic activities, and fostering global connectivity. This statistic also implies potential growth opportunities and market trends within the commercial satellite communications segment.
As of 2021, about 40% of all active satellites are communication satellites.
This statistic implies that as of 2021, approximately 40% of the total number of currently operational satellites in orbit are dedicated to communication purposes. Communication satellites are instrumental in facilitating various forms of telecommunications, such as television broadcasts, internet connectivity, and mobile communication services. The high percentage of communication satellites highlights the growing importance of global communication networks and the immense demand for reliable and widespread connectivity around the world. This statistic underscores the significant role that communication satellites play in modern society and the ever-increasing reliance on satellite technology for global communication purposes.
The nano and microsatellites segment of the SatCom market is projected to grow at a CAGR of 21.8% through 2026.
The statistic states that the nano and microsatellites segment within the Satellite Communication (SatCom) market is expected to experience a Compound Annual Growth Rate (CAGR) of 21.8% from the present year until the year 2026. This implies that the market for nano and microsatellites, which are smaller and more cost-effective satellite solutions, is anticipated to expand at a rapid pace over the specified period. The high projected CAGR indicates strong growth potential for this segment in the coming years, driven by factors such as increasing demand for satellite-based communication services, advancements in satellite technology, and the growing trend towards miniaturization and cost efficiency in satellite deployment.
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.
The statistic indicates that in 2018, the global satellite industry generated a total revenue of $277 billion, with the largest segment revenue of $128.7 billion coming from satellite services. This signifies that satellite services, which include activities such as satellite communications, broadcasting, and navigation, are a significant driver of revenue within the industry. The substantial revenue generated by satellite services underscores their importance and widespread use in various applications across different sectors, including telecommunications, broadcasting, defense, and navigation. The data highlights the economic significance and growth potential of the global satellite industry, indicating a strong demand for satellite services among businesses and consumers worldwide.
Number of commercial satellites ordered globally in 2020 was 404, an increase from 158 in the previous year.
The statistic indicates that there was a significant increase in the number of commercial satellites ordered globally in 2020 compared to the previous year, with a total of 404 satellites ordered in 2020 as opposed to 158 in the prior year. This suggests a growing demand for satellite technology and services worldwide, likely driven by advancements in space technology, increasing reliance on satellite communication and imaging, and a surge in the use of satellites for various purposes such as telecommunications, Earth observation, navigation, and scientific research. The substantial increase in satellite orders reflects the expanding scope and importance of satellite technology in various industries and highlights the increasing emphasis on leveraging space-based assets for commercial and societal applications.
Fixed satellite services hold majority of revenue share in the SatCom market.
The statistic ‘Fixed satellite services hold majority of revenue share in the SatCom market’ indicates that within the satellite communication industry, the largest portion of revenue is generated by services that provide connectivity and communication capabilities for fixed locations or infrastructure. This implies that services such as data transmission, broadcasting, and internet connectivity for businesses, governments, and consumers are the main drivers of revenue in the SatCom market compared to other satellite services like mobile communication or earth observation. Understanding this statistic is important for stakeholders in the SatCom industry as it highlights the significance and dominance of fixed satellite services in terms of revenue generation, strategic planning, and investment decisions.
Mobile satellite services segment is projected to witness strong growth during forecast period due to surge in remote communication needs.
The statistic indicates that the mobile satellite services segment is forecasted to experience significant growth in the coming period, driven by an increase in demand for remote communication. This growth can be attributed to various factors such as the need for reliable communication services in isolated or remote areas where traditional networks may not be readily available. The surge in remote communication needs could be driven by industries such as maritime, aviation, energy, and emergency services, which require robust communication capabilities regardless of location. As a result, the mobile satellite services segment is expected to expand to meet the growing demand for connectivity in remote and underserved areas, presenting opportunities for providers in the satellite communications industry.
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