Satellite Equipment (Global Market)

2024

Sales of satellite equipment in the world for the year reached $24.27 billion

In 2024, the global satellite equipment market amounted to $24.27 billion. The industry is showing steady growth, according to a study by MarketsandMarkets, the results of which TAdviser reviewed in mid-June 2025.

Analysts take into account products such as antennas, transceivers, modems, power amplifiers and integrated systems designed for various applications. It is noted that the satellite equipment market is a rapidly developing sector that has become an integral part of the global communications infrastructure due to its numerous advantages. Satellite systems are capable of providing coverage anywhere in the world, including where there are no terrestrial networks. At the same time, satellite communication can further increase the stability and redundancy of terrestrial channels, which is important, for example, in the event of natural disasters.

One of the industry's key drivers is the active development of Low Earth Orbit (LEO) satellite platforms. Spacecraft of this type provide minimal signal delay and high data transfer rates, which allows the formation of global satellite Internet access systems. In this case, coverage is provided anywhere on the planet. Moreover, the cost of putting vehicles into low Earth orbit is lower compared to launching satellites into other orbits. According to MarketsandMarkets estimates, it is the LEO segment that will show the highest growth rates.

Analysts note that the landscape of the satellite equipment market is transforming due to the growing demand for high-speed Internet and reliable communication solutions. The Internet of Things (IoT) also has a significant impact on this sector. Companies and organizations whose facilities are located in remote or hard-to-reach areas and where problems with stable communication are observed, use data exchange through spacecraft. Satellite IoT can be used for monitoring the state of systems, automatic adjustment of technological processes, prevention of emergency and emergency situations, etc. As a result, sales of the relevant equipment increase.

Geographically, North America leads the way. The U.S. government is investing heavily in industry development to improve the quality and efficiency of satellite communications. Local manufacturers of satellite communication equipment, as noted, are constantly introducing advanced technologies to improve the performance, efficiency and reliability of equipment. At the same time, the Asia-Pacific region is showing the highest growth rates. This is facilitated by the booming satellite broadband market in China. The list of leading industry players globally includes:

• Echostar Corporation;
• L3Harris Technologies;
• Thales;
• RTX;
• General Dynamics;
• Cobham Satcom;
• Honeywell International;
• Viasat;
• Gilat Satellite Networks;
• Aselsan A.S;
• Iridium Communication;
• Intellian Technologies;
• ST Engineering;
• SpaceX;
• Elbit Systems;
• Campbell Scientific;
• ND SatCom GmbH.

According to MarketsandMarkets analysts, in the future, the global satellite equipment market will demonstrate a CAGR of 11.3%. As a result, by 2029, costs may increase to $41.51 billion. Drivers for the near future are phased antenna arrays, software-defined networks (SDN) and LEO satellite constellations.^[1]

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.^[2]

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.^[3]

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