Data Boom, Video Decline Reshapes Satellite Revenues by 2034 

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.