Military's Growing Demand For Satellite Internet Is Expected To Drive Market Expansion Shortly At A CAGR Of 33.90% During The Forecast Period 2023 To 2032.

Market Research Future (MRFR) has published a latest research report on the “Global Satellite Internet Market” that contains information from 2018 to 2032. The Satellite Internet market is estimated to register a CAGR of 33.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Satellite Internet market— Singtel Group, Newman's Own, EchoStar Corporation, Thuraya Telecommunications Company, Eutelsat Communications SA, OneWeb.net, SpaceX, Viasat, Inc., Axess, DSL Telecom.

Market Highlights

The global Satellite Internet market is accounted to register a CAGR of 33.90% during the forecast period and is estimated to reach USD 58.11 billion by 2032.

The growing need from the military sector has a major impact on the Compound Annual Growth Rate (CAGR) of the satellite internet market. The military's requirement for dependable and secure bandwidth in isolated and communication-challenged areas is met by satellite communication services. The market is growing, as evidenced by the anticipated sharp increase in revenue from Fixed Satellite Services (FSS), which are used in government and military applications. Governments throughout the world are incorporating commercial satellite technology into military communication networks for a variety of purposes, including airborne intelligence, surveillance, and reconnaissance (AISR) and communications on-the-go (COTM). The market gains from satellite services' capacity to provide consistent, broad coverage—a requirement for military operations.

Segment Analysis

The global Satellite Internet market has been segmented based on Orbit, product type, source, and distribution channels

Based on Orbit, the global Satellite Internet market has been segmented into LEO, MEO/GEO Orbit. The LEO segment was expected to hold the largest market share in 2022. This is due to the fact that satellite internet technology is revolutionizing mobile broadband connectivity globally.

Based on Internet Connectivity, the global Satellite Internet market has been segmented into includes Two Way Service, One Way Service, and Hybrid Connectivity. The Two-Way segment was anticipated to hold the major market share in 2022. Two-Way Service is the most common since it allows for bidirectional communication and data uploading and downloading. It is an excellent choice for a range of user requirements due to its wide connectivity, particularly for apps that require real-time interactions.

Based on Verticals, the global Satellite Internet market has been segmented into Commercial, Government & Defense, and Insect Derived. The commercial segment was expected to hold the biggest market share in 2022. This expansion due to increased demand for high-speed connectivity across various industries, including telecommunications, agriculture, and transportation, driving commercial applications and services.

Based on frequency, the global Satellite Internet market has been segmented into C-Band, L-Band, X-Band, Ka-Band, and Ku-Band. With 41% of market revenue, the K-band segment dominated the market.  This is due to K-band radar systems, which are used in broadcasting, security, and defense, are becoming more common.

Regional Analysis

The global Satellite Internet market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Satellite Internet market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Satellite Internet market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Satellite Internet market comprises of Middle East, Africa, and Latin America.

The largest market share for Satellite Internet was maintained by the North American regional sector. This market will be dominated by the satellite internet segment in North America. Because there are numerous players in the market, it is anticipated that as the market consolidates, competition will rise. This is a result of the government's expanding efforts to disperse satellite technology throughout North America as well as the region's growing use of cutting-edge technologies like cloud-based, IoT, and AI technologies. People in developed countries, such as the US and Canada, are highly tech-savvy and internet-dependent. Due to the increased demand for high-speed internet, local markets should be encouraged to grow.

Moreover, the demand for high-speed internet in remote and underserved areas is increasing, and innovative technologies are being adopted at a high rate, which has resulted in the second-largest market share for satellite internet in Europe. Furthermore, in the European region, the UK satellite internet market was growing at the fastest rate, while the German satellite internet market maintained the largest market share.

Additionally, the Asia-Pacific satellite internet market is anticipated to grow at the fastest compound annual growth rate (CAGR). The target market is growing quickly in the Asia Pacific region due to the growth of satellite internet in the domains of broadcasting, government, military, and healthcare. Furthermore, the satellite Internet market in China accounted for the largest share of the Asia-Pacific market, while the market in India grew at the fastest rate.

Furthermore, the rest of the world's Satellite Internet market is divided into the Middle East, Africa, and Latin America. This growth is attributed to rising economic development and growing demand for internet high-speed internet.

Key Findings of the Study

• The global Satellite Internet market is expected to reach USD 5.62 billion by 2032, at a CAGR of 33.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to rapid urbanization and a growing demand for high-speed internet in countries like China and India leading to increased market


• Based on Orbit, the LEO segment was attributed to holding the largest market in 2022, with an approximate market share of 41%.


• Singtel Group, Newman's Own, EchoStar Corporation, Thuraya Telecommunications Company, Eutelsat Communications SA, OneWeb.net, SpaceX, Viasat, Inc., Axess, DSL.