Satellite Antenna Market to USD 42.2 Billion by 2032, Owing
From GlobeNewswire: 2025-04-21 09:00:00
The Satellite Antenna Market was valued at USD 4.7 billion in 2023 and is projected to reach USD 42.2 billion by 2032, with a CAGR of 27.49% from 2024 to 2032. Major players include Cobham, Harris Corporation, Viasat Inc., and General Dynamics Mission Systems, among others.
The U.S. Satellite Antenna Market is expected to reach USD 12.6 billion by 2032, growing at a CAGR of 27.22% from 2024-2032. The land segment dominated in 2023, while the airborne segment is poised for rapid growth. SATCOM-On-the-Move technology led in 2023, with Ku-band frequency dominating.
North America dominates the satellite antenna market, fueled by advanced technologies and satellite TV services. Asia-Pacific is expected to exhibit the fastest growth, driven by expanding telecommunications infrastructure and government initiatives to improve broadband connectivity in rural areas. Countries like China, India, Japan, and South Korea are investing in advanced satellite networks to meet growing demands. Asia Pacific is a key driver in the global satellite antenna landscape with booming media, broadcasting, and aviation industries. Recent developments include the UK Space Agency awarding £16 million to advance secure satellite communications and AST SpaceMobile completing the deployment of its first five commercial satellites for direct-to-mobile satellite connectivity.
The UK Space Agency allocated £16 million to EnSilica and Excelerate Technology to enhance satellite communications and provide fast internet access to rural areas. AST SpaceMobile completed the deployment of its first five commercial satellites in Low Earth Orbit, aiming to provide direct-to-mobile satellite connectivity for broadband services globally.
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