On Monday, October 12, 2026, space consulting and market intelligence firm Novaspace released the 33rd edition of its Satellite Connectivity and Video Market report, projecting that global satellite services revenues will grow 44% to reach $145 billion (€129 billion) by 2035.
The benchmark study outlines a structural transformation across the commercial satellite sector over the next decade as high-throughput data connectivity eclipses legacy broadcast video as the primary revenue generator.
Structural Transition Toward Data Connectivity
The study identifies an accelerating shift away from linear television broadcasting toward ubiquitous broadband and enterprise data transport. Data-centric services are forecast to approach $100 billion by 2035, expanding from 26% of total satellite sector revenues to 68%. In contrast, video distribution’s share of overall capacity revenues is projected to contract to 3% by 2035, driven by cord-cutting across traditional direct-to-home (DTH) platforms.
This revenue rebalancing expands upon earlier industry metrics documented in Novaspace research on how NGSO constellations are resetting high-throughput satellite economics. While non-geostationary orbit (NGSO) mega-constellations continue to exert downward pressure on wholesale megabit pricing, fleet operators are maintaining high-value broadcast and secure trunking corridors through rebounding commercial geostationary satellite orders fitted with software-defined payloads.
Segment Revenue Breakdown and Capacity Benchmarks
Novaspace models substantial volume and value expansion across specialized connectivity verticals through 2035:
- Primary Growth Verticals: Consumer broadband will add $22.6 billion in new annual revenue, military satellite communications (MILSATCOM) will contribute $19.2 billion, and enterprise networks will expand by $17.2 billion.
- Capacity Market Expansion: The wholesale satellite capacity market will surpass $46 billion by 2035, more than tripling from 2025 revenue levels.
- Demand Concentration: Consumer broadband and government MILSATCOM combined will account for more than half of all satellite capacity revenues by the end of the forecast period.
Executive Perspective on Multi-Orbit Integration
Novaspace analysts emphasized that operator success will increasingly depend on hybrid network orchestration rather than single-orbit deployments.
“Satellite connectivity is moving firmly into the mainstream,” stated Dimitri Buchs, project manager and editor of the report at Novaspace. “The future of satellite communications will not be GEO or NGSO—it will increasingly be an ecosystem in which each architecture serves distinct and complementary requirements.”
As bandwidth commoditization continues across consumer tiers, the report concludes that sustained operator margins will migrate toward integrated flat-panel user terminals, direct-to-device non-terrestrial network (NTN) standards, and secure multi-orbit managed service packages.
