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Satcom Services to Reach $145 Billion by 2035

October 21, 2026

2 min read

Key Takeaways

Global satcom services revenues to reach $145 billion by 2035.
Data services to drive growth, reaching $100 billion by 2035.
NGSO constellations to play key role in satellite communications.
Milsatcom to emerge as important growth engine.

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Strategic Implications

The growth of satcom services may indicate a shift towards data-driven applications, which could transform the satellite communications industry. The increasing importance of NGSO constellations suggests a move towards more resilient and flexible capacity, which may benefit government and defense users. This trend may also indicate a growing demand for satellite connectivity in consumer, enterprise, and government markets.

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What Happened

Global Satellite Market Shifts Towards Data Services

Global satellite services revenues are forecast to grow 44% to reach $145 billion by 2035, driven by the increasing demand for data services, according to Novaspace’s Satellite Connectivity and Video Market report. The next decade will see a fundamental shift in the industry, with data services becoming the dominant growth engine. NGSO constellations are expected to play a key role in this transformation, providing resilient capacity for government and defense users. This growth was first reported by SpaceNews.

Source | Originally Published: October 1, 2026

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