Satellite Communication Market Size

Increasing Internet of Things (loT) Integration in the Aviation Industry to Promote Market Growth

The Internet of Things (loT) has entered the market and is anticipated to increase SATCOM market share, driving the market CAGR for satellite communication (SATCOM). According to studies by the EMEA Satellite Operators Association, satellites provide service to about 2.7 million devices. Infrastructure, environmental monitoring, military support, shipping, and aviation technology are included in this. The market is anticipated to grow throughout the projected period as loT adoption increases in the aviation sector. Applications for loT-based systems and devices in the aviation industry exchange real-time data with processing units to help optimize aircraft operations.

Satellite connectivity is used by loT devices to send and share real-time data across loT systems and components used in these domains, lowering the overall time of the process. Data sharing between machine control and production was formerly reliant on terrestrial GSM networks, which are now being supplanted with satellite communication. Satellite technology demonstrates its importance in revolutionising loT connection in the aviation industry.

Autonomous technology applications are built on artificial intelligence, data analytics, and cloud computing.

These technologies aid in the improvement of aircraft operations. In the military, autonomous technology is employed for battlefield management and other combat activities. The sensors deployed in the systems are critical in supplying real-time data from their actual locations. It is further evaluated and used for tracking and health monitoring systems. It covers component and system efficiency, maintenance, repair, and overhaul (MRD) activities, and route mapping and navigation. This would increase the overall efficiency of the systems and reduce operational expenses. Thus, driving the satellite communication (SATCOM) market revenue.

The Global Satellite Communication (SATCOM) Market Industry is poised for substantial growth, with projections indicating a market size of 18.2 USD Billion in 2024 and an anticipated increase to 52.3 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 10.05% from 2025 to 2035. The increasing reliance on satellite communication for various applications, coupled with advancements in technology and government support, underscores the industry's potential. As stakeholders continue to invest in satellite infrastructure and services, the market is likely to evolve, presenting new opportunities for innovation and collaboration.

The Global Satellite Communication (SATCOM) Market Industry experiences a surge in demand for connectivity across various sectors, including telecommunications, defense, and maritime. As global populations grow and urbanization increases, the need for reliable communication infrastructure becomes paramount. For instance, in 2024, the market is projected to reach 18.2 USD Billion, driven by the necessity for seamless connectivity in remote areas. This trend is likely to continue, as organizations seek to enhance their operational capabilities through satellite technology. The increasing reliance on satellite communication for critical applications indicates a robust growth trajectory for the industry.

The Global Satellite Communication (SATCOM) Market Industry is witnessing a notable increase in commercial applications, particularly in sectors such as aviation, maritime, and IoT. The demand for satellite-based services is expanding as businesses seek to enhance their operational capabilities and improve customer experiences. For example, airlines are increasingly utilizing satellite communication for in-flight connectivity, while maritime operators rely on satellite systems for navigation and communication. This diversification of applications is expected to contribute to the market's growth, as it opens new revenue streams and encourages innovation within the industry.

The Global Satellite Communication (SATCOM) Market Industry is significantly influenced by the rising demand for remote sensing applications. Industries such as agriculture, environmental monitoring, and disaster response rely heavily on satellite data for informed decision-making. The ability to collect and analyze data from remote locations enhances operational efficiency and supports sustainable practices. As the importance of data-driven insights continues to grow, the market is likely to expand, with stakeholders increasingly investing in satellite communication technologies. This trend underscores the critical role of satellite communication in addressing global challenges and fostering innovation across various sectors.

Technological advancements play a pivotal role in shaping the Global Satellite Communication (SATCOM) Market Industry. Innovations such as high-throughput satellites (HTS) and low Earth orbit (LEO) satellite constellations are revolutionizing communication capabilities. These advancements enable higher data rates and lower latency, making satellite communication more competitive with terrestrial alternatives. As a result, the market is expected to grow significantly, with projections indicating a rise to 52.3 USD Billion by 2035. The continuous evolution of satellite technology not only enhances service offerings but also expands the potential applications across various sectors, further driving market growth.

Government investments in satellite infrastructure are crucial for the expansion of the Global Satellite Communication (SATCOM) Market Industry. Many countries are recognizing the strategic importance of satellite communication for national security, disaster management, and economic development. Initiatives such as the establishment of national satellite programs and partnerships with private entities are becoming increasingly common. These investments are expected to bolster the market, as they facilitate the deployment of advanced satellite systems. The commitment of governments to enhance their satellite capabilities suggests a favorable environment for growth, potentially leading to a compound annual growth rate (CAGR) of 10.05% from 2025 to 2035.

Leading market players are making significant R&D investments in order to diversify their product offerings, which will spur further growth in the satellite communication (SATCOM) industry. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The satellite communication (SATCOM) industry must provide affordable products if it is to grow and thrive in an increasingly competitive and challenging market environment.

Producing locally to reduce operational costs is a fundamental business strategy adopted by manufacturers in the worldwide satellite communication (SATCOM) industry to benefit customers and expand the market sector. The satellite communication (SATCOM) industry has provided some of the most significant benefits to medicine in recent years. EchoStar Corporation, SKY Perfect JSAT Group, L3 Technologies, Inc., SES S.A, Telesat, Intelsat, Viasat, Inc., Thuraya Telecommunications Company, and others are major players in the satellite communication (SATCOM) market. These large players have generally focused on increasing their market share and profitability by extending their consumer base through strategic collaboration projects.

Microsoft Windows, Navisworks is a 3D design review program that was formerly known as JetStream. Navisworks is a 3D design tool that is primarily used in the construction industry to complement 3D design packages like Autodesk Revit, AutoCAD, and MicroStation. Users can open and combine 3D models, move around them in real-time (without the use of WASD), and review the model using a variety of tools like comments, redlining, viewpoints, and measurements.

In January 2022,  Manufacturer of dynamic positioning systems Navis Engineering has joined the KVH Watch Solution Partner program and will now offer KVH Watch cloud connect services to enable remote monitoring of equipment. The company also announced that Navis Engineering has joined the KVH Watch Solution Partner program.

American communications firm Viasat Inc. is headquartered in Carlsbad, California, and also has activities all around the world. High-speed satellite broadband services and secure networking solutions are provided by Viasat, which serves both the military and commercial markets. In  November 2021, Global communications giant Viasat Inc. and Inmarsat have signed a legally binding agreement under which Viasat would purchase Inmarsat for USD 7.3 billion.

The newly formed corporation plans to combine the spectrum, terrestrial, and satellite assets of the two businesses to create a global hybrid space and terrestrial network that can provide superior services to the government and commercial sectors, which are both seeing rapid growth.