The satellite broadband market is expected to sustain an addressable user base of 650 to 750m through 2033.
Novaspace has released the third edition of its Universal Broadband Access report, highlighting the growing importance of satellite technology in connecting underserved populations worldwide. According to the 2024 edition, satellite broadband now reaches over 780m people and represents a projected market opportunity exceeding $320bn through 2033.
“Satellite services are essential for achieving universal access, especially in areas where terrestrial networks are impractical, said report lead author and Novaspace Manager, Sumaiya Najarali. The importance of universal access lies in its potential to empower marginalised populations, create new economic opportunities, and improve access to vital services like healthcare and education.”
In 2024, more than 2.6bn people remain offline (about one-third of the global population). Most live within mobile broadband coverage but stay unconnected due to cost, limited digital skills and low awareness. As satellites become more affordable and flexible, its helping reach those still left out, especially in areas where traditional networks have stalled.
The shift is already underway. Between 2021 and 2024, the number of satellite broadband users doubled to 100m, spurred by the rise of NGSO constellations, including successful platforms like Starlink. Prices for satellite capacity have fallen by 90% in markets concentrated with high-throughput satellite capacity, enabling more accessible pricing and broader adoption.
Looking ahead, satellites addressable market is expected to remain between 650750m users through 2033, driven increasingly by people living in underserved areas with inadequate terrestrial connectivity. With breakthroughs in software-defined systems, AI-assisted networking, and direct-to-device capabilities, satellites are set to play a foundational role in global digital inclusion.
