Satellite Equipment (Global Market)

2024: Global Satellite Antenna Market Growth to $4.82 Billion

In 2024, the global satellite antenna market amounted to $4.82 billion. Of this amount, more than a third - $1.83 billion - fell on North America. Such data are presented in a study by Fortune Business Insights, the results of which were released on March 19, 2025.

One of the drivers of the industry in question is the development of satellite Internet platforms. These systems provide high-speed access to the Network in remote and underserved areas where the laying of traditional fiber optic lines is difficult or economically impractical. Subscriber equipment of systems such as Starlink involves the use of satellite antennas, including with a phased array. With the expansion of the coverage area of ​ ​ satellite Internet platforms, the demand for relevant terminals is growing.

The pandemic has had a positive impact on the market, due to COVID-19 which many companies around the world have transferred their employees to remote work. In addition, the consumption of multimedia content has increased. This led to an increase in the load on Internet channels, and users around the world who found themselves in self-isolation required additional broadband connections to the Network. As a result, the number of subscribers of satellite systems has increased. In addition, the satellite television segment continues to develop.

The authors of the study call technological advances another industry driver. In particular, there is a shift towards more compact and versatile antennas. As satellite communication develops, the cost of equipment decreases, which increases its attractiveness for end consumers.

However, there are also restraining factors. One of them is the high cost of developing advanced satellite systems. Initial investment in the design and production of equipment, including modern antennas, as well as the deployment of the necessary infrastructure, requires huge financial investments, which slows down the implementation of projects. In addition, there are certain regulatory barriers.

By application, the market is subdivided into space, land, sea and air segments. The first of these areas at the end of 2024 provided the largest share of revenue - approximately 38%. Space systems play an important role in navigation, satellite communications, Earth observation and scientific research. The need for high-performance and reliable communication channels for data transmission, weather monitoring and space exploration is driving significant demand in this sector. At the same time, the highest growth rates are demonstrated by the air segment, which is associated with the growing demand for in-flight communications and real-time data transmission. Geographically, North America holds the largest share due to its advanced telecommunications infrastructure and strong demand for satellite services. Significant players in the global market are:

• Honeywell International;
• Viasat;
• Gilat Satellite Networks;
• L3Harris Technologies;
• Mitsubishi Electric;
• Norsat International;
• Kymeta;
• Intellian Technologies;
• Comtech Telecommunications;
• Cobham Limited;
• Airbus Defence and Space.

In 2025, the satellite antenna market is expected to reach $5.37 billion. Fortune Business Insights analysts believe that in the future, the CAGR will be 11.9%. As a result, by 2032, costs on a global scale could increase to $11.78 billion.^[1]

2021: Global Satellite Antenna Market Reaches $4.1 Billion

The global satellite antenna market reached $4.1 billion in 2021. Such data in mid-February 2022 led to MarketsandMarkets.

Analysts claim that by 2026 the global satellite antenna market will reach $10.5 billion at a CAGR of 20.6%.

Satellite antenna equipment is an integral part of communication in the commercial and defense industries. The deployment of low Earth orbit satellites and constellations of satellites for communications applications has increased demand for them worldwide. Other factors driving the market growth include the growing demand for Ku- and Ka-band satellites, as well as a growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors that require customized satellite antennas.

Global Satellite Antenna Market Reaches $4.1 Billion in 2021

The satellite antenna market is dominated by several players such as Thales Group (France), L3Harris Technologies (USA ), Honeywell International (USA), Hughes Network Systems (USA), Viasat (USA), etc.

According to MarketsandMarkets experts, depending on the platform, the onboard segment will lead the satellite antenna market from 2021 to 2026.

The market is projected to grow further due to the growing need for high definition video for reconnaissance, surveillance and reconnaissance, as well as an increase in the number of connected commercial aircraft, increasing adoption of UAVs, and an increase in the number of private aviation companies worldwide supporting the market growth.

The Satcom-On-The-Move (SOTM) segment is expected to lead the satellite antenna market from 2021 to 2026. This is due to the growing need for continuous mobile broadband coverage in remote and remote regions, information streaming, the widespread use of small satellites for commercialization and data transmission, technological advances in transport and logistics networks, and the growing demand for broadband connections and VSAT connectivity.

North America is expected to lead the satellite antenna market from 2021 to 2026.^[2]

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