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Satcom Services Revenues to Reach $145 Billion by 2035

October 13, 2026

2 min read

Key Takeaways

Global satcom services revenues to reach $145 billion by 2035.
Data services to drive growth, increasing share to 68% by 2035.
NGSO constellations to play key role in industry transformation.

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Strategic Implications

The growth of satcom services revenues may indicate a significant shift in the industry towards data-driven services, which could lead to increased competition between satellite and terrestrial connectivity providers. The emergence of NGSO constellations suggests a potential for more resilient and flexible satellite communications, which could benefit government and defense users.

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What Happened

Satellite Connectivity Drives Industry Growth Amid Shifting Market Dynamics

Global satellite services revenues are forecast to grow 44% to reach $145 billion by 2035, driven by the increasing demand for connectivity across consumer, defense, government, and enterprise markets. According to the 33rd edition of Novaspace’s Satellite Connectivity and Video Market report, data services are expected to become the dominant growth engine, driving revenues to nearly $100 billion by 2035. This growth is fueled by the expansion of NGSO constellations, declining bandwidth costs, and growing demand for resilient connectivity. The report was published by Novaspace.

Source | Originally Published: October 12, 2026

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