Rural Broadband Revolution: Satellite Internet’s Sky-High Growth (2024–2030)
The global satellite broadband market was roughly $5–9 billion in 2023 and is forecast to reach about $24–23 billion by 2030, with an annual CAGR of 14–30%. North America led in 2023 with about 32% of revenues, while Asia-Pacific (~15%), Europe (~14%), Latin America (~12.5%), and Middle East & Africa (~12%) are forecast to grow fastest. By 2030, North America, Europe and Asia-Pacific are each projected to be in the $6–7+ billion range, with Latin America and MEA contributing several hundred million USD. In 2023 the regional revenues were North America $2,966.1 M, Europe $2,435.0 M, Asia–Pacific $2,264.6 M, Latin