Global Satellite Communication Market by Application (Broadcasting, Airtime), by Component (Services, Equipment) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global satellite communication market was worth USD 66.63 million in 2020. It is projected to grow at a compound annual rate (CAGR of 9.8%) between 2021 and 2028. The primary driver of the market is the increasing demand for small satellites to provide earth observation services across various industries such as energy, oil and gas, defense, and agriculture. Satellite communication is the transmission of signals using a beam of modulated waveforms between the sender antenna and the receiver antenna. These signals are amplified, and then sent back to the receiver antenna at the earth's surface. Satellite communication (SATCOM), plays an important role in the development of rural communication technology infrastructure. Currently, there are more than a thousand artificial satellites orbiting the Earth. These artificial satellites transmit analog and digital signals, carrying data in the form voice, photos, and videos, to and fro one or more locations around the globe.

A rise in small satellites, the launch reusable rocket vehicles and low-Earth orbit are just a few of the key developments in the commercial and military satellite communication industry. For military operations around the world, satellite communication is increasingly important. The combination of military frequency bands and commercial communication satellites means that military SATCOM providers can improve their satellite communication capabilities to meet military operations needs in the future.

Companies are increasingly using SATCOM to gather operational data in order to increase efficiency and find sustainable ways to conduct business. Companies whose business operations are located in remote areas rely heavily on satellite communication for real-time asset monitoring, facility monitoring at unmanned platforms, and facility monitoring at offshore stations. Deploying terrestrial networks cloud is expensive because of the remoteness of many business facilities. These businesses choose to use satellite/mobile satellite services.

Intelligent Transport Systems (ITS) are also possible thanks to the growing adoption of Artificial Intelligence and the Internet of Things (IoT). These systems enable users to track vehicles and freight operators to quickly share and receive information. Satellite communication will allow seamless and continuous transmissions of data between the vehicle's transport hub and the vehicle, filling in the gaps in terrestrial networks. The market will see a lot of growth potential from satellite communication in transport networks and logistics.

The COVID-19 pandemic severely affected the SATCOM market. Following the outbreak, the government took measures to control the virus. This caused disruptions in global supply chains. The virus affected key industries like aviation and maritime. During the initial phase, the virus outbreak impacted the most heavily on demand for SATCOM. Despite the ongoing efforts to control the virus and the successful development of the coronavirus vaccination, the SATCOM sector is expected to recover during the forecast period.

Component Insights

In 2020, the SATCOM equipment segment accounted to more than 40% of total market share. This segment is expected to grow at the fastest rate between 2021 and 2028. The segment is further divided into SATCOM transmitter/transponder, antenna, transceiver, receiver, modem/router, and others. The equipment segment has seen a significant increase in demand for uninterrupted communication across many industries including energy, defense and agriculture. There is also a growing number of connected and autonomous cars around the world.

The SATCOM equipment is widely used in a variety of applications including military surveillance and weather monitoring, navigation, and telecommunications. SATCOM equipment can also be used to gather real-time information during wars, find undetected tunnels and integrate targets. It can also trace movements. The segment is also supported by the growing demand for high-throughput satellite service and the increased adoption of cloud-based ground mobility platform services.

Application Insights

In 2020, the market share of the broadcasting segment was 22.0%. It is expected that the segment will continue to lead in the future. Broadcasting services can include radio and television directly delivered to consumers and mobile broadcasting services. Satellite TV, a type of pay-TV and radio that provides seamless connectivity in remote areas or places, is fueling this segment's growth. The market's growth has been impeded by the presence of OTT services. This application segment can be further broken down into several other services, including airtime, navigation, asset tracking, asset monitoring, data backup, recovery, drone connectivity and Telemedicine, among others.

Over the past few years, the penetration of the internet across the globe has increased. The demand for content via the internet has seen a substantial increase in recent years. This is mainly due to the increasing use of OTT services like gen-x. Satellite communication can also be used to transmit data from observational and navigation satellites to industries such as agriculture or public safety. The data communication segment is expected to experience high growth over the next few years.

Vertical Insights

In 2020, the SATCOM market was led by the media and broadcasting sector. It accounted for more than 15.0% of all SATCOM market share. This segment's growth is due to satellite broadcasting, which provides seamless remote coverage. Additionally, under the vertical, the market has been segmented into energy and utility, government and defense, transport and cargo, maritime, mining and oil and gas, agriculture, communication companies, corporates/enterprises, events, aviation, environmental and monitoring, forestry, end user - consumer, healthcare, and others. Further, the government and defense segment can be divided into emergency responders, defense, and government. The segment of emergency responders within the government and defense segments is expected to experience the fastest growth over the forecast period.

The military and defense forces are increasingly using satellite communication services to increase or establish connectivity among various assets, including fighter planes. Satellite communication systems have seen a rise in popularity due to the increasing demand for unmanned aircraft systems as well as their non-military uses. Operations beyond the Line of Sight (BLOS) require satellite connectivity in order to establish a connection between an aircraft and a ground-based pilot. This is necessary for the retrieval of images and data from the onboard systems. Market growth is expected to be boosted by the increasing demand for uninterrupted and continuous communication in the defense and government segments.

Regional Insights

North America was the dominant market for satellite communications in 2020, accounting for more than 35.0% of global market share. This growth can be attributed to the increasing demand for continuous communication from the defense industry, and the increased demand for SATCOM equipment from the U.S. military department. Market growth is also being supported by the large number of SATCOM service providers, including Viasat, Inc., Telesat, and EchoStar Corporation. Due to the strengthening of military communication infrastructure, the North American market will expand at a significant CAGR over the next few years.

Over the forecast period, the region of Asia Pacific is expected to experience the greatest growth. This market is dominated by Japan and China. This growth can be attributed largely to the increased use of satellite antennas in the telecommunications, IT, aerospace, and automobile industries. Europe will experience the second fastest growth over the next few years due to modernization of infrastructure, and increased passenger traffic in coastal and marine tourism.

Market Share Insights & Key Companies

With the presence of many market players, the market is fragmented. They are trying to increase their market share through different strategies. Satellite operators also spend large amounts of money on developing applications in the Ka-band frequency band. This will allow for high data transfer speeds and the use of small ground equipment. They are also focusing on maintaining competitive pricing. Market players are also engaging in mergers, acquisitions, and partnerships. Viasat, Inc., for example, announced in January 2021 that it had entered into a partnership with SKY Brasil, one of the largest satellite TV operators in Brazil. This partnership was intended to increase the availability of reliable, fast satellite internet in Brazil. The following are some of the most prominent players in global satellite communication markets:

• SES S.A.

• Viasat, Inc.

• Intelsat

• Telesat

• EchoStar Corporation

• L3 Technologies, Inc.

• Thuraya Telecommunications Company

• SKY Perfect JSAT Group

• GILAT SATELLITE-NETWORKS

• Cobham Limited

Up Market Research published a new report titled “Satellite Communication Market research report which is segmented by Application (Broadcasting, Airtime), by Component (Services, Equipment), By Players/Companies Viasat Inc, L3 Technologies Inc, Telesat, Thuraya Telecommunications Company, Cobham Limited, SES SA, Intelsat, EchoStar Corporation, GILAT SATELLITE NETWORKS, SKY Perfect JSAT Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Satellite Communication Market Report Segments:

The market is segmented by Application (Broadcasting, Airtime), by Component (Services, Equipment).

Satellite Communication Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Satellite Communication Market

Overview of the regional outlook of the Satellite Communication Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Satellite Communication Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Satellite Communication Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Broadcasting

                2. Airtime

                1. Services

                2. Equipment

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Satellite Communication Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Satellite Communication Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.