Global Satellite NTN Market Size Grows at a Staggering CAGR of 34.8%

Introduction

Straits Research published report, “Satellite NTN Market Size & Outlook, 2026–2034.” According to the study, the market size is valued at USD 297.4 million in 2025 and is projected to expand to USD 3,702.6 million by 2034, registering a compound annual growth rate (CAGR) of 34.8%.

Market Dynamics

Global Satellite NTN Market is driven by growing demand for permanent global connectivity and growing 5G non-terrestrial network (NTN) deployments to enable seamless communication in remote and underserved locations. Growing adoption of direct-to-device (D2D) and Internet of Things (IoT) satellite connectivity in maritime, defense, and aviation applications is fueling market growth.

Strong investment in low Earth orbit (LEO) satellite constellations and spectrum for 5G-NTN integration is transforming the communications environment. On top of that, increased collaboration between mobile network operators (MNOs) and satellite service providers to expand coverage and improve network resiliency is fueling adoption. U.S., European, and Asian-Pacific governments and space agencies are vigorously promoting NTN development through public-private partnerships and funding initiatives, opening up new possibilities for innovation and commercialization of the satellite communication value chain.

Market Highlights

• Segmental Leadership: The Network Services segment holds the largest market share of 44.61% in 2025, driven by the growing need for high-speed, low-latency satellite connectivity supporting broadband, IoT, and enterprise applications.
• Orbit Outlook: The Low Earth Orbit (LEO) segment is expected to register the fastest CAGR of 36.82% during the forecast period, attributed to its reduced signal delay, lower launch cost, and suitability for global 5G NTN coverage.
• Frequency Band: The Ka-Band segment dominated the market with a 42.37% revenue share in 2025, primarily due to its ability to deliver high-throughput data for broadband and mobility services.
• Application Outlook: The Direct-to-Device (D2D) connectivity segment is projected to grow at the fastest CAGR of 38.21% during the forecast period, driven by the integration of satellite NTN with smartphones and IoT devices for universal coverage.
• Regional Insights: North America led the global Satellite NTN market with a 38.52% revenue share in 2025, propelled by extensive 5G NTN deployments, strong defense communication investments, and early adoption by major telecom operators.

Competitive Players

1. Airbus
2. Analog Devices, Inc.
3. Bae Systems
4. Filtronic Plc
5. Honeywell International Inc.
6. L3Harris Technologies
7. Mini-Circuits
8. Qorvo, Inc.
9. Smiths Interconnect
10. SWISSto12
11. Teledyne Technologies
12. Thales Alenia Space
13. SpaceX
14. OneWeb
15. Amazon Kuiper
16. SES S.A.
17. Eute SatixFy
18. Mynaric AG
19. lsat Group
20. Telesat
21. Others

Recent Developments

Segmentation

1. By Service Component (2022-2034)
   1. Satellite Infrastructure
   2. Network Services
   3. Managed Security Services
   4. Ground Segment and Terminal Equipment
   5. System Integration
2. By Orbit Type (2022-2034)
   1. Low Earth Orbit (LEO)
   2. Medium Earth Orbit (MEO)
   3. Geostationary Orbit (GEO)
   4. Highly Elliptical Orbit (HEO)
3. By Frequency Band (2022-2034)
   1. L-Band
   2. S-Band
   3. C-Band
   4. Ku-Band
   5. Ka-Band
4. By Application (2022-2034)
   1. Broadband internet access
   2. Direct-to-Device (D2D) connectivity
   3. Backhaul and network extension
   4. IoT/M2M connectivity
   5. Others
5. By Region (2022-2034)
   1. North America
   2. Europe
   3. Asia Pacific
   4. Middle East & Africa
   5. Latin America