Enjoy complimentary customisation on priority with our Enterprise License!
The satellite internet market size is forecast to increase by USD 7.04 billion at a CAGR of 20.99% between 2023 and 2028. The market is witnessing significant growth due to the increasing demand for high-speed network connectivity in remote and hard-to-reach areas, including Earth's oceans and mountainous regions, where land-based broadband services like cable and fiber optics are unavailable. The market is driven by the growing number of Internet of Things devices and the influence of bad weather on traditional land-based connection methods. The deployment of 5G networks is also expected to boost the market, as it will enable seamless integration of satellite internet with terrestrial networks, providing businesses with a reliable and up-to-date connection for voice, video, and data transfer.
Despite these opportunities, challenges such as high costs and the impact of inclement weather on satellite performance persist, requiring ongoing innovation and investment to maintain competitiveness in the market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.