Insights on Starlink's Market Success

Starlink Service Gains 1.3 Million Subscribers in the US Market

DALLAS - Parks Associates has recently launched the Broadband Market Tracker , revealing that Elon Musk 's Starlink service has attracted approximately 1.3 million subscribers in the U.S. This significant milestone has positioned Starlink ahead of established satellite broadband providers like HughesNet and Viasat , making it the 12th " largest residential internet service provider in the country as of Q1 2024 . With the current growth rate , Starlink is projected to break into the top 10 residential ISPs by the end of 2024.

noted Kristen Hanich , the research director at Parks Associates . The end of the Affordable Connectivity Program has impacted both ISPs and consumers , leading to a growing interest in service bundling due to price sensitivity . The research conducted by Parks will continue to monitor these trends and their effects on subscriber counts and revenues for major providers.

Parks Associates Unveils Research Insights on Satellite Internet Access

The Broadband Market Tracker by Parks Associates also reported that nearly 20 % of all home broadband subscribers now enjoy speeds of 1 Gbps or higher . This market analysis subscription service profiles over 25 leading companies in the residential internet markets of the U.S. and Canada , offering quarterly reports on market trends , top players , and estimates for subscribers and revenues in North America.

In the satellite internet sector , Space Exploration Technologies Corp. 's Starlink service has seen significant success , surpassing 1.3 million residential subscriptions in the U.S. and outpacing longtime competitors like HughesNet and Viasat . By the first quarter of 2024 , Starlink had secured its position as one of the top 12 residential ISPs , with a clear trajectory to break into the top 10 by the end of the year.

The analysis by Parks Associates covers a wide range of aspects in the residential internet market , including strategic assessments of market changes , insights into key players ' strategies , and identification of revenue opportunities . The continuous monitoring of market trends and events aims to provide a comprehensive understanding of the competitive landscape and potential impacts on industry players.

For more information on Parks Associates ' Broadband Market Tracker and to schedule interviews with analysts , please reach out to Mindi Sue Sternblitz - Rubenstein at [ email protected ] or 972 - 490 - 1113 . Stay updated on the latest developments in the consumer technology sector through Parks Associates ' various events and research services.