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Maritime Satellite Revenues to Reach $3.79B by 2035

August 13, 2026

2 min read

Key Takeaways

Maritime satellite service revenues to reach $3.79 billion by 2035.
NGSO adoption drives market growth.
VSAT-equipped vessels to surpass 600,000 by 2035.
Satellite capacity demand to increase nearly fivefold by 2035.

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Strategic Implications

The growth of NGSO services may indicate a significant shift in the maritime satellite communications market, with NGSO networks becoming the backbone of maritime connectivity. This could suggest a major change in the competitive landscape, with lower-cost terminals and improved network performance driving adoption across all major vessel segments.

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What Happened

NGSO Networks Drive Growth in Maritime Connectivity

The maritime satellite communications market is entering a new phase of growth, driven by the adoption of next-generation satellite networks. According to Novaspace’s latest report, global maritime satellite service revenues are projected to grow from $2.28 billion in 2025 to $3.79 billion by 2035. The report forecasts that the global fleet of VSAT-equipped vessels will surpass 600,000 by 2035, with growth fueled by smaller vessels adopting broadband connectivity. This growth was first reported by SpaceNews.

Source | Originally Published: July 1, 2026

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