Satellite Internet Market Grows As Remote Workforce Adoption Increases

The global satellite internet market size was estimated at USD 10.4 billion in 2024 and is projected to reach USD 22.6 billion by 2030, representing a compound annual growth rate (CAGR) of 13.9 % from 2025 to 2030. Satellite communications enable land-based voice, video and data connectivity from virtually any point on the planet.

Key Market Trends & Insights

• In 2024, North America held the largest share of the satellite internet market with approximately 32.0 % of global revenue. The U.S. in particular dominated the region. Looking at frequency bands, K-band led with 42.9 % revenue share in 2024. From an industry perspective, the government and public sector accounted for the largest share of market revenue in 2024.
• Several major trends are driving the market. Expanding rural connectivity needs, rising demand for high-speed broadband in remote locations and increased reliance on digital services across sectors are key enablers. Both governments and private firms are heavily investing in low Earth orbit (LEO) satellite constellations to bridge the digital divide and enable broad-scale coverage. On the technology front, emerging capabilities such as beam-forming, AI-based traffic management and hybrid satellite-terrestrial networks present significant growth opportunities.
• The ability of satellite internet to deliver multi-megabit per second connectivity even in geographically isolated regions such as mountainous terrain, oceans or deserts is a major advantage where traditional terrestrial infrastructure is unviable. Emerging economies like India, Vietnam and Malaysia are increasingly adopting such solutions to address connectivity gaps, further supporting market growth.
• Nonetheless, the sector faces challenges: high initial deployment costs, signal latency concerns and spectrum management issues all limit faster expansion. For example, launching a single satellite may cost between ~USD 50 million and USD 400 million depending on size and technology, and building entire constellations can quickly scale into multi-billion-dollar investments. Additional costs from ground infrastructure, user terminals and ongoing maintenance further raise the barrier to entry.

Market Size & Forecast

In numerical terms, the market size in 2024 stood at USD 10.4 billion, and it is forecast to reach USD 22.6 billion by 2030, growing at an estimated CAGR of 13.9 % over the period 2025-2030. In 2024, North America was the largest regional market. The market is advancing as remote-area connectivity demands ascend, supported by investments in LEO constellations and supportive policy frameworks. Growth in satellite broadband is notably strong in areas lacking terrestrial options, making satellite internet a critical technology for regions underserved by fibre or cable networks.

Order a free sample PDF of the Satellite Internet Market Intelligence Study, published by Grand View Research.

Key Companies & Market Share Insight

The market features several major players who collectively command the largest shares and shape industry trends. Some of the prominent companies operating in the sector include:

Singtel Group (headquartered in Singapore) – offers satellite internet, mobile, fixed-line and digital solutions across Asia-Pacific through strategic partnerships and infrastructure.

EchoStar Corporation (and its HughesNet brand, based in the U.S.) – provides high-speed satellite internet primarily to residential and business customers in North and Latin America, focusing on rural and remote connectivity.

Key Companies List

The leading firms in the satellite internet market include:

• Singtel Group
• Thuraya Telecommunications Company
• Eutelsat Communications SA / OneWeb
• net
• Axess
• Freedomsat
• SpaceX (Starlink)
• Viasat, Inc.
• EchoStar Corporation (HughesNet)
• DSL Telecom

Conclusion

In summary, the satellite internet market is poised for robust growth, driven by the need to extend broadband connectivity into underserved and geographically remote regions. With the global market expected to more than double from USD 10.4 billion in 2024 to USD 22.6 billion by 2030 at a CAGR of 13.9 %, there is clear momentum. Leading frequency bands like K-band and dominant sectors such as government/public are central to current market dynamics, particularly in North America which holds the largest regional share. While cost and technological hurdles remain, investments in LEO constellations and hybrid networks underscore the strategic importance of satellite internet in achieving universal digital access.

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.