Satellite services delivering major economic benefits

Satellite services in 7-24 GHz spectrum have created more than half a trillion dollars in value
Investments in satellite services operating in the 7 GHz to 24 GHz frequency range have generated economic benefits of more than US$ 555 billion, according to a new report by Plum for GSOA. The consulting firm found that ongoing access to these spectrum bands, which are the subject of several agenda items at the forthcoming World Radiocommunication Conference (WRC-23)1, is of critical importance to the satellite industry and its customers.
Plum estimates that satellite operators have made direct investments of US$ 185 billion in services operating in spectrum between 7 GHz and 24 GHz, which have yielded indirect investment benefits of US$ 370 billion. The report notes that usage of the satellites is generating further socio-economic benefits, which will be worth more than the US$ 18 billion spent annually on operating services in these spectrum bands.
“As this report confirms, satellites services in the 7 to 24 GHz frequency range have huge value, both to the consumers using them and to society as a whole,” said Isabelle Mauro, Director General of GSOA. “It is vital that this spectrum continues to be available to the fast-growing and economically-essential satellite sector, which is expected to connect over 500 million people worldwide to broadband services by 2030.”
The new report details how satellites operating between 7 GHz and 24 GHz are widely used to bring broadband to unserved and underserved communities, extending digital inclusion and widening end-user choice, while also providing vital safety and emergency assistance services.
Although there have been some calls to consider parts of the 7 GHz to 24 GHz range for international mobile telecommunications (IMT), a significant amount of spectrum has already been identified for use by IMT, both below 7 GHz for low and mid bands and in the mmWave bands (i.e. above 24 GHz). However, the majority of countries have allocated less than half of the identified spectrum to IMT, according to a second forthcoming report2 by Plum. “Future growth in demand for mobile services is uncertain, but the current low uptake of mmWave spectrum indicates that there is scope for growth in this area,” that report notes. “Regulators and governments should be encouraged to focus on assigning spectrum in existing identified bands, and making most efficient use of this.”
At the same time, a number of WRC-23 agenda items seek to enable additional satellite applications to use spectrum within the 7 to 24 GHz range, which further demonstrates that this spectrum is heavily occupied: the number of operational satellites quadrupled between 2017 and 2022.
Large numbers of small satellites (ranging from a few kilograms up to 600 kilograms) are being deployed in non-geosynchronous stationary orbits (NGSO) to provide low latency communication services, accurate positioning, navigation and timing. There is also increasing demand for reliable and high data rate (>100 Mbps) GSO and NGSO satellite broadband services for aircrafts, ships, trains, trucks and coaches when they are out of reach of terrestrial networks. At the same time, satellite-enabled IoT services are being used to support real time asset tracking, monitoring and remote surveillance.
Plum notes that satellites’ continued use of 7 GHz and 24 GHz spectrum will bring large-scale socio-economic benefits, and there are no alternative bands that could support key satellite applications using current technologies available.
Read the full report, ‘Assessing the use by satellite of spectrum in the 7 to 24 GHz bands’, here.
Related News.
September 3, 2026
Cyprus Maritime Innovation takes Centre Stage at SMM Hamburg 2026
Underscoring its expanding role as a premier international hub for cutting-edge maritime technology and sustainable shipping, the Republic of Cyprus…
September 3, 2026
Trump seeks to refill US oil reserve with Venezuela deal but faces long delay
U.S. President Donald Trump said on the 30th (local time) that he would refill the U.S. Strategic Petroleum Reserve, which has been depleted with…
September 3, 2026
US Navy Official visits South Korean Shipyards in private
With U.S. President Donald Trump pushing a plan to allow overseas construction of U.S. warships, attention is focusing on whether the building of…
September 3, 2026
SES and De Boer Marine expand collaboration with FlexMaritime deployment across Global Markets
SES, a leading space solutions company, and De Boer Marine, a leading provider of top-quality marine equipment and maritime connectivity services,…
September 3, 2026
New ESG guidance to help maritime industry turn sustainability into commercial advantage
New framework helps shipowners and ports align ESG strategy with access to capital, charterer expectations and long-term asset value. Maritime…
September 3, 2026
Britannia P&I Club analysis finds four in five crew deaths linked to illness rather than accidents
New report highlights cardiovascular disease as leading cause of fatalities and raises concerns over mental health risks among younger seafarers.…
September 3, 2026
The Swedish Club launches new Loss Prevention podcast, Knot Another Lesson
The Swedish Club has launched Knot Another Lesson, a new podcast exploring the practical lessons, emerging risks and operational challenges shaping…
September 3, 2026
Lloyd’s Register appoints Jens Grunenberg as Senior Representative for Germany
Lloyd’s Register has appointed Jens Grunenberg as its Senior Representative for Germany, effective 1 September. Based in Hamburg, Grunenberg will…
September 3, 2026
Indian Register of Shipping sets sights on Hamburg for European Expansion
Indian Register of Shipping, a leading international classification society and full member of the International Association of Classification…
September 3, 2026
MOL completes Merger of 6 Ship Management Companies
Unifying Management of Over 200 Vessels and Strengthening Safety Mitsui O.S.K. Lines, announced that it has completed the integration of the MOL…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























