Paris, France | October 2026 — Global satellite services revenues are forecast to surge by 44% to reach $145 billion by 2035, according to the newly released 33rd edition of Novaspace’s Satellite Connectivity and Video Market report. The coming decade is poised to mark a fundamental structural shift in the global telecommunications and space industries, as data services rapidly eclipse traditional broadcasting to become the undisputed primary growth engine, driving data-specific revenues to nearly $100 billion by the end of the forecast period.
According to the comprehensive industry analysis, data services are expected to drastically expand their footprint, increasing their share of total satellite services revenues from 26% to a commanding 68% over the decade. This profound transformation is being propelled by accelerating, widespread demand for robust connectivity across a diverse spectrum of markets, including consumer households, defense agencies, government bodies, and global enterprise sectors.
The Shift from Traditional Video to Connectivity-Driven Growth
While conventional video distribution has historically stood as the satellite industry’s largest revenue-generating segment, future financial expansion will belong almost entirely to advanced connectivity solutions. Market projections indicate that Consumer Broadband, Military Satellite Communications (Milsatcom), and Enterprise Networks will lead the global market expansion, injecting an impressive $22.6 billion, $19.2 billion, and $17.2 billion in new revenues, respectively, over the next ten years.
Milsatcom is rapidly emerging as a critical growth engine for the sector, heavily fueled by rising defense budgets worldwide and the broader operational adoption of satcom-enabled capabilities across modern military forces. Concurrently, Non-Geostationary Orbit (NGSO) constellations are establishing themselves as an increasingly vital source of resilient, low-latency capacity for government and defense users operating in contested or demanding environments.
"Satellite connectivity is moving firmly into the mainstream," said Dimitri Buchs, Project Manager and Editor of the report. "The rapid expansion of NGSO capacity, declining bandwidth costs, and growing demand for resilient, always-available connectivity are fundamentally changing where and how satellite communications compete."
Exploding Capacity Demand and Collapsing Bandwidth Costs
The underlying satellite capacity market is projected to experience extraordinary scaling, forecast to exceed $46 billion by 2035—more than tripling from baseline 2025 levels. In a telling sign of the industry’s changing tides, Video Distribution, which held the position of the single largest capacity segment in 2025, is expected to account for a mere 3% of total capacity revenues by the end of the decade. Conversely, Consumer Broadband and Milsatcom combined are projected to command more than half of all total capacity revenues.
This massive consumption of data is directly enabled by plunging bandwidth costs. Powered by the proliferation of High-Throughput Satellite (HTS) systems and a steadily growing roster of operational NGSO constellations, the economics of space-based communications are shifting dramatically. Providers such as Starlink are increasingly going head-to-head with terrestrial broadband suppliers on price and performance, cementing satellite broadband’s standing as a highly competitive and fully viable alternative to traditional fiber-optic and wireless networks across an expanding range of urban, rural, and remote markets.
The Evolving Role of GEO Operators in a Multi-Orbit Era
This technological and commercial transformation is also reshaping the strategic calculus and operational role of traditional Geostationary Orbit (GEO) operators. Following a cyclical low point that saw just six commercial GEO satellite orders placed in 2024, the market has mounted a notable recovery. Ten orders were recorded in 2025, and an additional 14 orders were logged by mid-September 2026. This renewed manufacturing and procurement activity reflects evolving multi-orbit operational strategies and a persistent, ongoing demand for specialized GEO capabilities to complement rapidly expanding NGSO networks.
"This is not a return to the traditional GEO model," Buchs emphasized. "Software-defined satellites, more flexible commercial models, sovereign requirements, and growing multi-orbit strategies are redefining GEO’s role. The future of satellite communications will not be GEO or NGSO—it will increasingly be an ecosystem in which each architecture serves distinct and complementary requirements."
About the Report
The 33rd edition of the Satellite Connectivity and Video Market report provides a thorough, rigorous assessment of global satellite service revenues, shifting capacity demand, evolving pricing trends, competitive dynamics, and operator strategies spanning video, broadband, enterprise, mobility, government, and defense markets through 2035.
This latest edition introduces a granular, bottom-up model tailored specifically for Enterprise Networks Back-up terminals, offering enhanced visibility into market demand and emerging deployment trends. Furthermore, it features a thoroughly revised commercial Milsatcom model that delivers deeper analytical insights broken down by geographic region, frequency band, and underlying infrastructure type.
The publication also supplies an updated evaluation of major technological and regulatory developments shaping the global satcom landscape. This includes tracking the ongoing maturation of NGSO constellations, the emergence of Q/V frequency bands alongside other critical regulatory shifts, shifting government and defense spending patterns, and the shifting competitive frontiers between satellite-based architectures and terrestrial connectivity.
About Novaspace
Novaspace stands as a leading independent consulting and market intelligence firm dedicated entirely to the global space sector. Drawing upon more than 40 years of specialized industry expertise, the company empowers public and private stakeholders across the entire space value chain through high-impact, data-driven advisory services. By combining management and technology consulting, comprehensive market intelligence, and executive-level summits, Novaspace helps organizations navigate industrial complexity, manage financial and operational risk, and capture emerging growth opportunities.
Trusted by more than 1,200 clients across over 60 countries, Novaspace maintains a robust global presence with established offices in Bangalore, Brussels, London, Montreal, Munich, Paris, São Paulo, Singapore, Sydney, Tokyo, Toulouse, and Washington, D.C.
For more information, visit nova.space.
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