Global satellite services revenue is projected to grow by 44% to reach $145 billion by 2035, according to the 33rd edition of the Novaspace Satellite Connectivity and Video Market report.
Data services are expected to become the primary growth driver, with their share of total revenue rising from 26% to 68% over the next decade, reaching nearly $100 billion by 2035.
Consumer broadband, military satellite communications, and enterprise networks are forecast to add $22.6 billion, $19.2 billion, and $17.2 billion in revenue respectively by 2035.
The satellite capacity market is expected to exceed $46 billion by 2035, more than tripling from 2025 levels. Video distribution, which led in 2025, will account for 3% of capacity revenue.
Commercial GEO satellite orders showed a rebound, with 10 orders in 2025 and 14 recorded by mid-September 2026, following a low of six orders in 2024.
