Leading Companies in the Global Satellite Communication (SATCOM) Market

The global satellite communication (SATCOM) market reached a value of about USD 55.97 billion in 2023. The market is projected to grow at a CAGR of 10.40% in the forecast period of 2024-2032 to reach around USD 136.37 billion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the significant growth in the telecommunication industry.

Satellites, artificial objects launched into orbit or outer space, serve various purposes including communication, weather forecasting, and navigation. Satellite communication (SATCOM) is integral to modern technology, employing electromagnetic waves to transmit data. Comprising antennas, transmitters, and receivers, SATCOM facilitates wireless communication over vast distances. Widely used in telecommunications, broadcasting, and internet services, it offers coverage in areas lacking terrestrial infrastructure. SATCOM's applications extend to navigation, remote sensing, and emergency response, providing vital connectivity where traditional means are insufficient.

The increasing adoption of SATCOM in maritime and aviation sectors to enhance traffic operations and ensure seamless communication among ships, aircraft, and ground stations is driving satellite communication (SATCOM) market expansion.

The Internet of Things (IoT) has exerted a substantial influence across multiple sectors, notably SATCOM, thereby driving considerable expansion in the satellite communication market. Satellite services are now relied upon by millions of devices spanning diverse sectors like infrastructure, environmental monitoring, military operations, shipping, and aviation. The integration of IoT, especially within the aviation industry, holds significant promise for further driving satellite communication (SATCOM) market growth in the forecast period.

In February 2023, Anuvu, a premier provider of high-speed connectivity and entertainment solutions for global mobility markets, selected Telesat to supply antennas and ground-station infrastructure for the Anuvu Constellation. Telesat, renowned as one of the world's largest satellite operators, provided crucial support for Tracking, Telemetry, and Control (TT&C) of Anuvu's initial two MicroGEO satellites, crafted by Astranis Space Technologies Corp. The first two satellites were scheduled for launch in mid-2023, with commercial operations anticipated to commence by year-end, marking significant progress in Anuvu's constellation development.

Top 10 Satellite Communication (SATCOM) Companies in the World:

Thales Group

Thales, a global technology leader with over 77,000 employees across five continents, focuses on digital and "deep tech" innovations like Big Data, AI, connectivity, cybersecurity, and quantum technology to ensure a trustworthy future. With a presence in 66 countries, Thales delivers solutions and products in defence, aerospace, digital identity, security, and transportation sectors, aiding companies, organisations, and governments in fulfilling critical missions. Key markets include Aerospace, Defence, Security, Digital Identity, Ground Transportation, and Space.

Iridium Communications Inc.

Iridium Communications Inc. stands as the sole provider of mobile satellite services with unparalleled pole-to-pole coverage globally. Its constellation of low-Earth orbiting satellites delivers vital voice and data services to remote areas devoid of terrestrial networks. With a robust subscriber growth propelled by the demand for dependable global communications, Iridium serves diverse sectors including maritime, aeronautical, and government agencies. Since 2004, the company has maintained profitability, showcasing impressive growth through the acquisition of new customers and partners worldwide. With over 660 employees and contractors, 1.9 million global subscribers, and 450+ value-added partners, Iridium continues to expand its reach.

SES S.A.

SES S.A. boasts an unparalleled reach with over 70 satellites spanning two orbits, facilitating seamless video and data solutions worldwide. Leveraging sustainable innovation for over 30 years, SES connects businesses, communities, and governments globally. Their multi-orbit constellation, including Geostationary and Medium Earth Orbit satellites, ensures connectivity virtually anywhere. SES empowers broadcasters, mobile operators, peacekeepers, and passengers with real-time intelligence and online access, fostering thriving digital communities worldwide.

Thuraya Telecommunications Company

Thuraya, a subsidiary of Al Yah Satellite Communications Company PJSC (Yahsat), offers innovative mobile satellite services to various sectors globally. Established in 1997, Thuraya provides reliable communications solutions to industries such as energy, government, maritime, and humanitarian organisations. Its extensive network ensures uninterrupted coverage across two-thirds of the globe, supported by GSM roaming capabilities. Thuraya's advanced satellite handsets and broadband devices deliver efficiency and quality, catering to evolving market demands through strategic partnerships. Committed to vital connectivity, Thuraya continues to expand its services, with the construction of Thuraya 4-NGS underway for launch in 2024.

Cobham Limited

Cobham, a British aerospace manufacturer, is renowned for its innovative solutions across aerospace, defence, energy, and electronics sectors. Its diverse product line includes aviation oxygen systems, satellite communications, defence electronics, and precision engineering services. Cobham's expertise extends from deep space to ocean depths, addressing complex challenges with products such as refuelling equipment, weapon system containers, and rescue lights. With a focus on mission-critical equipment and services, Cobham remains a leading global technology and services provider trusted for tackling the most demanding problems.

Viasat, Inc

Viasat, a global communications leader, champions connectivity for all, emphasising innovation for over three decades. From providing internet in remote areas to empowering military operations with secure communication, Viasat ensures seamless connectivity on land, in air, and at sea. Their end-to-end platform, comprising satellites, ground infrastructure, and user terminals, delivers cost-effective broadband solutions worldwide. Viasat's diversified portfolio spans commercial and government sectors, offering high-capacity satellite services, network solutions, and cybersecurity products. With a focus on customer-centricity and technological innovation, Viasat continues to lead in advanced communications globally.

Orbcomm Inc.

ORBCOMM is a trailblazer in IoT technology, providing customers with actionable insights to enhance industrial operations and foster sustainability. With three decades of expertise and a comprehensive solution portfolio, ORBCOMM manages over a million assets globally across various sectors including transportation, supply chain, heavy equipment, maritime, natural resources, and government. Their smart solutions cater to diverse customer needs, optimising operations and driving efficiency across industries. With service available in over 160 countries and 1.7 million connected assets, ORBCOMM continues to lead in the IoT realm.

L3Harris Technologies Inc.

L3Harris Technologies is a pioneering force in the defence sector, prioritising customers' vital requirements. With a workforce of 50,000, they offer comprehensive technology solutions across space, air, land, sea, and cyber realms, ensuring national security. Focused on agility, L3Harris addresses challenges swiftly with innovative technology, fostering a safer and more secure global landscape. Operating in 100 countries, L3Harris is dedicated to anticipating and addressing risks proactively through end-to-end solutions tailored to meet critical mission needs across all domains.

ST Engineering iDirect

ST Engineering iDirect stands at the forefront of satellite communications, offering transformative technology and solutions to elevate businesses worldwide. With a legacy of over 35 years, their iDirect brand epitomises excellence in performance and reliability, empowering customers to deliver unparalleled connectivity experiences globally. Leading in broadcast, mobility, and military/government sectors, ST Engineering iDirect shapes connectivity's future. With a vision for universal connectivity, they aim to revolutionise how society utilises connectivity to enhance the way of life. ST Engineering iDirect, Inc. pioneers IP-based satellite communications, enabling partners to deploy cutting-edge satellite services profitably.

Gilat Satellite Networks Ltd.

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a prominent global provider of satellite-based broadband communications, boasting over 35 years of industry experience. The company delivers cutting-edge technology solutions for satellite, ground, and new space connectivity. Their comprehensive portfolio includes cloud-based platforms, high-performance satellite terminals, and advanced antennas, supporting various applications such as broadband access, mobility, and military operations. With a commitment to universal connectivity, Gilat collaborates closely with leading satellite operators and service providers to offer tailored end-to-end solutions worldwide.