Global Satcom Services Revenues to Reach $145 Billion by 2035
AI-summarised brief · reviewed before publication
Novaspace’s 33rd Satellite Connectivity and Video Market report projects global satellite services revenues to grow 44% to $145 billion by 2035. Data services will dominate, rising from 26% to 68% of revenue and generating nearly $100 billion. Consumer broadband, milsatcom and enterprise networks are expected to add $22.6 billion, $19.2 billion and $17.2 billion respectively over the decade. MilSatcom growth ties to higher defense spending and broader satellite‑enabled operations, while NGSO constellations supply resilient capacity for government users. Satellite capacity is forecast to exceed $46 billion, more than tripling 2025 levels as HTS technology and falling bandwidth costs push satellite broadband against terrestrial fiber. GEO orders have risen from six in 2024 to fourteen by September 2026, indicating a shift to a multi‑orbit global new ecosystem.
💡 Why It Matters
- · The surge in data‑centric satellite services positions space‑based broadband as a direct competitor to terrestrial networks, reshaping connectivity strategies for both commercial and defense sectors.