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Austin, Sept. 22, 2025 (GLOBE NEWSWIRE) — Satellite Broadband Market Size & Growth Insights:

According to the SNS Insider,“The Satellite Broadband Market size was valued at USD 5.67 billion in 2024 and is expected to reach USD 14.95 billion by 2032 and grow at a CAGR of 12.93% over the forecast period of 2025-2032.”

Faster Deployment of Low Earth Orbit (LEO) Satellite Constellations to Aid Market Growth

Satellite internet is changing as a result of the extraordinary deployment of mega constellations, such as SpaceX’s Starlink, OneWeb, and Amazon’s Project Kuiper. LEO networks provide far higher capacity, much lower latency, and a much wider global reach than conventional GEO satellites. Satellite broadband services are now more competitive with terrestrial services because to these technological advancements, making them attractive to both consumer and business markets. At the same time, it is becoming more affordable due to reduced equipment costs and a simpler installation procedure. Some governments have been aggressively speeding up installations in collaboration with the commercial sector to ensure that even polar and oceanic regions have access to high-speed internet in order to avoid being outperformed by any one technology.

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Leading Market Players with their Product Listed in this Report are:

SpaceX Hughes Network Systems Viasat Inc. Eutelsat Communications SES S.A. OneWeb Inmarsat Global Limited Telesat Canada Iridium Communications Inc. Thuraya Telecommunications Company Intelsat S.A. Globalstar Inc. Hispasat S.A. Singtel Satellite Gilat Satellite Networks Ltd. Skycasters LLC Yahsat Kacific Broadband Satellites Group Speedcast International Limited swarm Technologies Inc

Satellite Broadband Market Report Scope:

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Key Industry Segmentation

With a record demand for user terminals, antennae, and modems, all necessary for the activation of these services, the hardware segment held a leading revenue share of the satellite broadband market in 2024, at over 46.20%. Due to rising demand for managed network solutions, enterprise-grade connectivity, and subscription-based broadband plans, the Services segment is expected to increase at the quickest rate and account for about 14% of worldwide revenue by 2032 (CAGR of about 13.31% from 2024–2032).

By Application

As the most practical way to connect rural households without terrestrial infrastructure to high-speed internet, the residential sector held the biggest revenue share of the satellite broadband market in 2024, accounting for around 42.10% of total revenue. The growing need for high-bandwidth, secure communication to maintain disaster recovery and national security is expected to drive the fastest compound annual growth rate (CAGR) of 14.29% for the Government & Defense category between 2024 and 2032.

By Frequency Band

Due to its combination of a large footprint and high-volume data throughput with satellite communication, particularly for maritime, enterprise, and rural applications, the Ku Band segment was the largest contributor of revenue to the satellite broadband market in 2024, holding approximately 38.10% of the total market share. As the Ka Band sector offers the larger capacity and high transmission speeds required for high demand applications, like in-flight connectivity, it is anticipated to have the quickest CAGR of almost 14.29% over 2024-2032.

By End-User

The telecommunications segment held the largest satellite broadband market share of around 40.50% in terms of revenue in 2024. The segment’s growth is driven by the integration of satellite with terrestrial networks globally. The Aviation segment is projected to grow at the fastest CAGR of approximately 15.23% during the forecast period of 2024–2032 due to increasing demand for in-flight connectivity.

North America Held the Largest Share in 2024; Asia Pacific is Expected to Witness Significant Growth in the Market over 2025-2032

In 2024, North America held over one-third of revenue share in Satellite Broadband Market, thanks to a number of leading satellite operators, high rural connectivity coverage and robust public funding for broadband expansion projects.

Asia Pacific is expected to be the fastest with an approximate CAGR of 13.78% during 2024–2032 due to large underserved population, internet expansion policies backed by the government, and adoption of cost-effective satellite-based solutions in wide scale.

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Recent News:

In July 2024, Hughes’ Jupiter 3 satellite (EchoStar XXIV) was launched aboard a SpaceX Falcon Heavy, offering up to 100 Mbps download speeds and enormous 500 Gbps throughput across the Americas. In March 2025, SES partnered with Lynk Global to explore ‘direct-to-device’ (D2D) satellite services, enabling LEO satellites to connect directly with mobile phones without terrestrial infrastructure.

Exclusive Sections of the Satellite Broadband Market Report (The USPs):

SERVICE PERFORMANCE METRICS – helps you benchmark download/upload speeds, latency, uptime, and reliability across providers compared to other broadband technologies. DEMAND & USAGE TRENDS – helps you analyze sectoral demand (residential, maritime, aviation, government, enterprise) and application-level usage patterns such as streaming, gaming, and remote work. ENVIRONMENTAL & SUSTAINABILITY DATA – helps you evaluate satellite lifespan, replacement cycles, carbon footprint per Gbps delivered, and space debris management practices. PRICING & AFFORDABILITY BENCHMARKS – helps you compare cost per Mbps, subscription pricing versus terrestrial broadband, and track affordability index shifts over time. USER & SUBSCRIBER STATISTICS – helps you understand active subscriber base, regional distribution, growth rates, and average monthly data usage per subscriber.

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.