2024 Global Satellite Industry Revenues

Produced by BryceTech

BryceTech analyzed 2024 data on behalf of the Satellite Industry Association (SIA) to provide a snapshot of the satellite sector’s role in the global space economy. In 2024, the satellite industry accounted for $293B, or 71% of the $415B global space economy.

As of 2024, satellite industry revenues include:

• $155.3B from ground equipment (GNSS, consumer, and network)
• $108.3B from satellite services (consumer and enterprise)
• $20B from satellite manufacturing
• $9.3B from launch services

Global satellite industry revenue grew 3% in 2024. Driven by growth in most segments, offset by decline in video (Excluding video, the industry grew 6%)