The company says it highlights a dramatic transformation underway in military satcom markets globally as Non-Geostationary Orbit (NGSO) services become the backbone of sector growth.
Such NGSO service revenues will see a 25%+ CAGR through the decade, believes Novaspace. This would see the industry reaching $8.1bn by 2034.
“Driven by rising global tensions and defence modernisation, surging military satellite communications demand now marks a transformative shift in how defence forces connect, operate, and project power,” said Novaspace’s senior manager, Santiago Perez. “Satellite connectivity is no longer a support function, it’s becoming a strategic enabler of modern defence operations.”
The Paris-based Novaspace calculates that in 2024, government activity generated a combined satcom demand of approximately 300Gbps, split between 250Gbps in commercial bands and over 50Gbps in military bands. Note this excludes Russia and China.
Such demand was supported by both GEO and NGSO systems, with total commercial service revenues exceeding $2bn. Of these, GEO services accounted for $1.5bn, it explains. NGSO revenues, meanwhile, have surged from $90m in 2020.
Other findings include the US accounting for over 90% of demand and 93% of revenues by 2034. In other words, continuing to dominate the defence satcom market.
See also: Novaspace reports Space Exploration Investment to reach $31bn by 2034
