Data Boom, Video Decline Reshapes Satellite Revenues by 2034

Satellite Market Shifts as Data Service Revenues Triple

Paris, France [October, 2025] – Released today, Novaspace’s 32nd edition of the Satellite Connectivity and Video Market report reveals a seismic shift in satellite service economics. Data applications are set to overtake video services by 2033, with their share of total service revenues rising from 21% in 2024 to 55% by 2034. This transformation marks a fundamental rebalancing of the satellite communications market, driven by NGSO constellations, falling capacity prices, and surging demand across all data segments.

“As data applications surge to dominate satellite service revenues, the satcom industry stands at a turning point” says Dimitri Buchs, Manager at Novaspace. “Innovation, multi-orbit strategies, and NGSO disruption are not just reshaping market dynamics, but unlocking entirely new frontiers for connectivity, quality of service, and economic growth.”

With a return to service revenues growth expected in 2025, revenues are projected to grow from $101 billion in 2024 to $122 billion by 2034. Crucially, all this growth will come from data services, forecasted to triple to $67 billion over the next decade. Every data segment, from land mobility to enterprise networks and government applications, will contribute to this expansion.

Between 2023 and 2025, total capacity supply has seen a 3.5x increase, reaching 105 Tbps. 95% of this supply is from NGSO systems, with 93% attributed to Starlink. Industry players should expect NGSO to account for over 99% of new capacity added between 2025 and 2030. This surge in supply is lowering capacity prices, expanding addressable markets and enabling new applications across land mobility.

The rise of NGSO has also led to a decline in GEO satellite orders, as operators adopt a “wait and see” approach, favoring smaller, regionally targeted satellites over large GEO platforms. As pressure mounts from disruptive NGSO players, traditional GEO operators have been forced to adapt their strategies and are integrating NGSO capability as a competitive and survival strategy.

About the Report
Novaspace’s Satellite Connectivity and Video Market delivers a comprehensive analysis of the Satellite Connectivity and Video Markets, examining the forces driving demand and revenue across segments. Combining qualitative insights with quantitative breakdowns, it dissects market demand by region, application, and system type. The report provides historical data on capacity supply, leased capacity, capacity revenue, unit cost, and service revenues—alongside ten-year forecasts—enabling stakeholders to track trends and anticipate future market shifts with confidence.

The Classic edition provides in-depth qualitative and quantitative analysis of the conditions driving demand by market segment, including by region, application, and system type. Access to the classic edition includes excel databases, covering capacity supply, capacity leased, capacity revenue, and the cost of capacity per unit in the last decade, and forecast for the next decade.

The Premium edition adds quarterly updates of satellite supply capacity by region and system type in addition to detailed view on TV channel forecast for DTH and Non-DTH, a VSAT terminal forecast by market segment and extended capacity pricing forecast broken down by application and region.

Readers are offered forecasting for FSS service revenues by application, by orbit, and region and detailing of capacity lease market shares by operator

Access the full report here: https://nova.space/hub/product/satellite-connectivity-and-video-markets-survey/

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 1,200 clients in over 60 countries, with offices strategically located in Brussels, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toulouse, and Washington D.C.

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