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Satellite Communication (SATCOM) Market Share

Report ID: GMI12216
Published Date: Nov 2024
Report Format: PDF

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Satellite Communication Market Share

Global Satellite Communication (SATCOM) Market Share Analysis, 2024

The market is fiercely competitive, with major players like Thales, L3Harris, and Honeywell vying for contracts in both commercial and government sectors. Companies focus on innovation to improve satellite capabilities, offering faster data transmission, wider coverage, and secure communication. Investments in Low Earth Orbit (LEO) constellations and multi-band systems aim to enhance connectivity. Firms often form partnerships or acquire others to strengthen their market position across industries such as aviation, maritime, and defense. The integration of SATCOM with 5G, AI, and IoT further intensifies competition as companies strive to meet the growing demand for advanced connectivity and data solutions.

Satellite Communication Market Companies

Major players operating in the SATCOM industry are:

ASELSAN
AvL Technologies
Cobham Satcom
EchoStar Mobile
General Dynamics Mission Systems
Gilat Satellite Networks
Holkirk Communications
Honeywell
Intellian Technologies
Iridium Communications
L3Harris Technologies
Thales
Viasat
Viking Satcom

Authors: Suraj Gujar , Partha Paul

Frequently Asked Questions (FAQ) :

The global satellite communication industry was valued at USD 23.1 billion in 2024 and is estimated to grow at a 12.3% CAGR from 2025 to 2034, driven by the rising need for internet connectivity in remote areas.

The services segment is expected to register a CAGR of over 12.5% during the forecast period, fueled by increasing demand across various sectors including telecommunications, defense, maritime, aviation, and government.

North America dominated the SATCOM market in 2023 with a 48.5% share, led by the U.S. market's adoption of fully managed satellite communication services, especially in defense.

Key players in the SATCOM industry include ASELSAN, AvL Technologies, Cobham Satcom, EchoStar Mobile, General Dynamics Mission Systems, Gilat Satellite Networks, Holkirk Communications, Honeywell, Intellian Technologies, and Iridium Communications.