2025: The Turning Point for Satellite Operators

Paris, France [December 11, 2025] – Released today, Novaspace’s latest FSS Operators: Benchmarks & Performance Review unveils a year of transformation for satellite operators.

2025 is redefining the rules of the game for Fixed Satellite Service (FSS) operators. Faced with rising cost pressures and NGSO-driven disruption, operators are doubling down on diversification, multi-orbit strategies, and consolidation to stay competitive.

Multi-orbit deployment surged in 2025, with 24 operators now embracing multi-orbit strategies. Meanwhile, vertically integrated giants such as SpaceX, Viasat-Inmarsat, and Echostar captured $17.6 billion in revenues, outpacing non-integrated operators at $10.2 billion.

“The era of single-orbit dominance is over,” says Jennifer Sheppard, Novaspace Consultant. “Scale, adaptability, and integration are now the keys to survival. Operators that embrace multi-orbit architectures and HTS technology are unlocking entirely new frontiers for connectivity and growth.”

Across the sector, HTS adoption is accelerating at record pace. By October 2025, 39 operators had launched HTS payloads, a threefold increase compared to a decade ago, with five more set to deploy their first GEO HTS payloads within three years. Over the past five years, nine operators launched their first HTS payload, underscoring the industry’s pivot toward high-capacity, low-cost architectures.

Market concentration remains intense. The top 10 operators control over 75% of global revenues, while the top three account for 54% (excluding vertically integrated players). SES is on track to command over 40% of the FSS market in the coming years, showcasing the strength and impact of industry consolidation. Vertically integrated mega-constellations now dominate consumer and mobility markets, forcing traditional GEO operators to integrate NGSO capabilities as a survival strategy.

About the Report
FSS Operators: Benchmarks & Performance Review dives deep into the business performance of leading Fixed Satellite Service (FSS) operators. The report zooms in on individual operators, tracking their financial health, strategic moves, and capacity supply. It’s the go-to resource for operator-specific benchmarks and insights that reveal who’s leading, who’s lagging, and where the market is headed. Premium report clients also benefit from access to Novaspace’s interactive, browser-based interface. Built for strategy teams, lenders, and investors, the interface delivers fast, accurate, and actionable intelligence for segmented by region, technology, application, and operator for tailored insights.

About Novaspace
Novaspace is a global leader in space consulting and market intelligence, formed through the merger of Euroconsult and SpaceTec Partners. This strategic move combines the distinctive strengths of both entities to significantly amplify our international presence and service capabilities. With over 40-year legacy of expertise in guiding public and private entities in strategic decision-making, Novaspace offers end-to-end consulting services, from project strategy definition to implementation, providing data-led perspectives on critical issues. Novaspace presents an expanded portfolio of services, featuring combined expertise in management and technology consulting, top-tier executive summits, and market intelligence. Trusted by more than 1,200 clients across 60+ countries, Novaspace operates from offices in Brussels, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toulouse, Washington D.C., and now Bangalore, India.

Media Enquiries: Olivia Garnier | Communications Lead | olivia.garnier@nova.space