Satellite Internet Market Size

Satellite Internet Market size was valued at USD 5.24 billion in 2023 and is expected to exceed USD 46.06 billion by 2036, registering over 18.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of satellite internet is assessed at USD 6 billion. The growth of the market can be attributed to the increasing demand for high-speed internet services, backed by digitalization of all government and private procedures globally. Satellite internet access is provided by communication satellites, which offers relatively higher speed of data. Moreover, satellites provide much broader signal than cable internet, as satellites are not fixed in one place. Advantages of satellite internet, such as, high speed, larger area of coverage, and broader signal, are estimated to boost the market growth.

The increasing penetration of internet, especially in developed countries, is also anticipated to be accountable to surge the demand for internet. According to the data by the World Bank, in 2019, 56.727% of the total global population has access to internet. The growing number of internet users is expected to propel the market growth.