Satellite service revenues are projected to climb 44% to $145 billion by 2035, according to the 33rd edition of Novaspace’s Satellite Connectivity and Video Market report released in October 2026. The report highlights a decade-long shift in which data services will dominate growth, expanding from 26% to 68% of total revenues by 2035.

While video distribution currently generates the largest share of income, future expansion will be driven by connectivity solutions. Forecasts indicate that Consumer Broadband, Military Communications, and Enterprise Networks will contribute $22.6 billion, $19.2 billion, and $17.2 billion respectively over the next ten years. Military Communications is emerging as a key growth area, propelled by increasing defense budgets and broader adoption of satellite-enabled operational concepts. Non‑Geostationary Orbit (NGSO) constellations are also gaining importance as providers of resilient capacity for government and defense users.

Dimitri Buchs, Project Manager and Editor of the report, noted that satellite connectivity is transitioning into the mainstream. He cited the rapid growth of NGSO capacity, declining bandwidth costs, and rising demand for always‑available connections as factors reshaping competition across sectors.

The satellite capacity market is expected to surpass $46 billion by 2035, more than tripling its 2025 level. Video Distribution, which held the largest share in 2025, is projected to represent only 3% of capacity revenues by 2035, while Consumer Broadband and Military Communications together will account for over half of total capacity revenues.

Falling bandwidth costs, driven by High‑Throughput Satellite (HTS) systems and expanding NGSO projects, are accelerating the integration of satellite connectivity into mass‑market applications. Companies such as Starlink are increasingly competing with terrestrial broadband on price, positioning satellite broadband as a viable alternative to fiber and wireless services in many markets.

The role of Geostationary Earth Orbit (GEO) operators is also evolving. After a low of six commercial GEO orders in 2024, the market rebounded to 10 orders in 2025, with an additional 14 recorded by mid‑September 2026. This resurgence reflects shifting multi‑orbit strategies and continued demand for GEO capabilities alongside expanding NGSO systems.

Buchs emphasized that the future will not be a simple choice between GEO and NGSO but rather an ecosystem where each architecture serves distinct, complementary needs. Software‑defined satellites, flexible commercial models, sovereign requirements, and evolving multi‑orbit strategies are redefining GEO’s function in the broader communications landscape.

The 33rd edition of the Satellite Connectivity and Video Market offers a detailed assessment of global satellite service revenues, capacity demand, pricing trends, competitive dynamics, and operator strategies across video, broadband, enterprise, mobility, government, and defense markets through 2035. It introduces a granular bottom‑up model for Enterprise Networks Back‑up terminals and a revised commercial Military Communications model with regional, band‑specific, and infrastructure‑type analyses.

The report also tracks major developments influencing the sector, including the evolution of NGSO constellations, emerging Q/V frequency bands, regulatory changes, government and defense spending trends, and shifting competitive dynamics between satellite and terrestrial connectivity.

Novaspace, the independent consulting and market intelligence firm behind the report, has over 40 years of expertise in the global space sector. The company provides data‑driven advisory services to more than 1,200 clients across 60 countries, operating from offices in cities such as Paris, London, Singapore, and Washington, D.C.

Media inquiries can be directed to Olivia Garnier, Communications Lead at Novaspace, via olivia.garnier@nova.space.