Global demand for satellite connectivity and video rises from 12.7 Tbps in 2024 to a projected 141 Tbps by 2034, with 2024 regional demand led by North America (5.8 Tbps), Europe (2.4 Tbps), and Oceania (1.8 Tbps). (Source: Novaspace)
The satellite communication market is rapidly shifting from video broadcasting to data-driven services. Data applications are set to grow from 21% of service revenues in 2024 to 55% by 2034, tripling revenues to $67 billion and expanding the overall market to $122 billion. Capacity demand will surge from 12.7 Tbps to 141 Tbps in 2034, supported by affordable, high-throughput solutions enabled by NGSO constellations like Starlink. This transformation is reshaping the industry’s revenue model and accelerating its evolution toward scalable, flexible connectivity across all segments. “Breakthroughs in innovation, multi-orbit strategies, and NGSO disruption are not just shifting market dynamics, they’re opening new horizons for connectivity, service quality and economic impact,” said Dimitri Buchs, manager at Novaspace.
About the Report
The 32nd edition of Novaspace’s Satellite Connectivity and Video Market report analyzes the accelerating shift toward data-driven services in satellite communications. With data applications poised to surpass video revenues by 2033, service revenues are expected to grow from $101 billion to $122 billion by 2034, opening opportunity through the decade.
The report offers an in-depth analysis of market drivers, demand trends, and revenue shifts across key segments. Blending qualitative insights with detailed quantitative data, it breaks down demand by region, application, and system type. The report includes historical metrics and ten-year forecasts on capacity supply, leasing, pricing, and service revenues, giving stakeholders the clarity to track trends and anticipate future shifts with confidence.
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About the Author
Dimitri Buchs is a Manager at Novaspace, where he leads strategic advisory and market intelligence projects in satellite communications, supporting clients across the global space industry. Dimitri is the lead author of Novaspace’s key market reports on satellite connectivity and video with expertise in multi-orbit strategies, market forecasting, and satellite innovation trends and impacts.
