Satellite Communication Market
PUBLISHED: 2023 ID: SMRC22392
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Satellite Communication Market

Satellite Communication Market Forecasts to 2028 - Global Analysis By Component (Equipment and Services), By Platform (Land SATCOM equipment, Airborne SATCOM equipment, Portable SATCOM equipment and Maritime SATCOM equipment), By Application (Airtime, Asset Tracking/Monitoring, Drones Connectivity, Data Backup and Recovery, Navigation and Monitoring, Broadcasting, Tele Medicine, Weather Monitoring, Remote Sensing, Military Application & Navigation and Other Applications), By End User (Government & Defense, Energy & Utility, Transport & Cargo, Maritime, Mining and Oil & Gas, Agriculture, Communication Companies, Media & Broadcasting, Corporates/Enterprises, Commercial and Other End Users) and Geography

4.8 (17 reviews)
4.8 (17 reviews)
Published: 2023 ID: SMRC22392

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $79.8BN

Projected Year Value (2028)

US $153.4BN

CAGR (2022 - 2028)

11.5%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

 

According to Stratistics MRC, the Global Satellite Communication Market is accounted for $79.8 billion in 2022 and is expected to reach $153.4 billion by 2028 growing at a CAGR of 11.5% during the forecast period. The use of man-made satellites to establish communication links between various locations on Earth is known as satellite communication. A communication satellite is a man-made satellite that connects and amplifies radio communications signals using a transponder. Between a source transmitter and a receiver that are dispersed throughout the world, a communication channel is established. Television, telephone, radio, internet, and military applications all make extensive use of satellite communication.

According to European Commission, coastal and maritime tourism is the largest maritime activity in Europe and employs almost 3.2 million people, generating a total of approximately USD 212 billion (EUR 183 billion) in gross value added and representing over one-third of the maritime economy. Hence, the rise in coastal and maritime tourism is set to create opportunities in the market.



 

Market Dynamics:

Driver:

Rising Integration of the Internet of Things (IoT) in Aviation Industry

The Internet of Things (IoT) has entered the market and is anticipated to grow the market share of SATCOM. According to an analysis by the EMEA Satellite Operators Association, satellites provide service to about 2.7 million devices. This covers equipment used in shipping, aviation, environmental monitoring, and military support. During the forecast period, the market is expected to grow as IoT adoption increases in the aviation sector. Additionally, applications for IoT-based devices and systems in the aviation industry exchange real-time data with processing units, which assist in streamlining operations in the sector.

Restraint:

Surging Cyber-Security Concerns

Despite being a relatively recent phenomenon, cyber-security threats to satellite communication pose a serious threat to the long-term viability of satellite systems. Communication, the launch system, tracking and command, and telemetry are some of these mission-critical vulnerabilities. Such satellite communication factors rely heavily on trustworthy and secure communication channels. Because satellite and cyberspace operations are interdependent, it is crucial for international organisations to develop a legal standard that would safeguard satellites and their communications.

Opportunity:

Implementation of autonomous technology and real time data tracking through satellites

The use of autonomous technology is based on cloud computing, data analytics, and artificial intelligence. These innovations help to enhance flight operations. The military also makes use of autonomous technology for a variety of combat operations and for managing the battlefield. Real-time data gathered from the systems' actual locations is provided by the sensors that have been installed in them. It is further investigated and placed in tracking and health monitoring systems. It includes route mapping and navigational needs, maintenance, repair, and overhaul (MRO) operations, and the effectiveness of systems and components. These would reduce operational costs while increasing the overall efficiency of the corresponding systems.

Threat:

Interference in satellite data transmission

Systems for satellite communication can transmit and receive data for telephony, backhaul, the internet, and other services. Interference in satellite communication operations has a significant negative impact on the satellite's performance and causes the operators to lose a lot of money. In order to further enable regular communications, additional costs must be spent on fixing and debugging the communication issues. Some of the causes of SATCOM interference include high-power radar, intentional jammers, unauthorised transmissions such as piracy, adjacent satellite interference (ASI), interference from broadcast FM transmitters, aircraft interference, and adjacent frequency emissions from other signals.

Covid-19 Impact:

The COVID is expected to remain in effect until the second quarter of 2021, but its effect on the satellite communication market is uncertain. The COVID-19 outbreak obligated governments around the world to impose stringent lockdowns and made social isolation mandatory in order to prevent the virus's spread. As a result, many businesses launched work-from-home initiatives as security measures. This resulted in a sudden rise in demand for internet access, which further fuels global demand growth for satellite communication. Additionally, the nationwide lockdown compelled the satellite manufacturing facilities to halt production entirely or partially.

The broadcasting segment is expected to be the largest during the forecast period

Because end users are increasingly seeking internet and DTH services, the broadcasting segment, which had the largest market share in 2021, is predicted to continue to dominate the market during the projection period. Furthermore, the segment is growing as a result of rising space industry investments and an increase in the number of communications satellite launches.

The equipment segment is expected to have the highest CAGR during the forecast period

Over the course of the forecast period, the equipment segment is anticipated to grow at the highest CAGR, owing to factors such as the rising demand for uninterrupted power communication in the energy & utilities, agriculture, oil & gas, and defence industries, as well as an expanding fleet of autonomous, connected vehicles.

Region with largest share:

Due to the military and defence industry's growing need for constant communication, which led to the U.S. defence department's widespread adoption of satellite communication equipment, North America held the largest share of the global market revenue during the forecast period. Additionally, numerous satellite communication service providers, including Telesat, Viasat, Inc., and EchoStar Corporation, support market expansion. Moreover, over the next few years, it is anticipated that the regional market will grow significantly as a result of the upgrading of military communication infrastructure.

Region with highest CAGR:

During the forecast period, the market in Asia-Pacific is anticipated to grow lucratively. The region's telecommunication, information technology, and aviation sectors would increasingly use satellite antennas, which would spur market expansion. Additionally, in the coming future, businesses from all over the world will concentrate on enhancing their aviation services in Asia-Pacific nations.



 

Key players in the market

Some of the key players in Satellite Communication market include SKY Perfect JSAT Group, Viasat, Inc., Boeing, SES S.A., Communications & Power Industries (CPI) LLC, GILAT SATELLITE NETWORKS, Telesat, Cobham Limited, Honeywell International Inc., Intelsat, Inmarsat, L3 Technologies, Inc., Qualcomm Technologies, Inc., EchoStar Corporation, Thuraya Telecommunications Company and KVH Industries, Inc..

Key Developments:

In June 2022, Thales Alenia Space built a very high throughput craft SES-17, ready to provide “unparalleled” connectivity services to customers across aeronautical, maritime, enterprise, and government sectors, whether on land, at sea or in the skies, according to the operator. SES-17 has successfully launched onboard an Ariane 5 launcher operated by Arianespace from Europe’s Spaceport in Kourou.

In May 2022, Cobham Satcom and UltiSat, Inc., a provider of end-to-end communications, announced the signing of a strategic distributor and integrator agreement. The agreement enables both companies to expand their market reach and provides the DoD and NATO allies with easy access to a range of advanced satellite tracking systems provided by Cobham Satcom.

Components Covered:
• Equipment
• Services

Platforms Covered:
• Land SATCOM equipment
• Airborne SATCOM equipment
• Portable SATCOM equipment
• Maritime SATCOM equipment

Applications Covered:
• Airtime
• Asset Tracking/Monitoring
• Drones Connectivity
• Data Backup and Recovery
• Navigation and Monitoring
• Broadcasting
• Tele Medicine
• Weather Monitoring
• Remote Sensing
• Military Application & Navigation
• Other Applications

End Users Covered:
• Government & Defense
• Energy & Utility
• Transport & Cargo
• Maritime
• Mining and Oil & Gas
• Agriculture
• Communication Companies
• Media & Broadcasting
• Corporates/Enterprises
• Commercial
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Satellite Communication Market, By Component
5.1 Introduction
5.2 Equipment
5.2.1 Satcom Transmitter/Transponder
5.2.2 Satcom Antenna
5.2.3 Satcom Transceiver
5.2.4 Satcom Receiver
5.2.5 Satcom Modem/Router
5.2.6 Other Equipments
5.3 Services

6 Global Satellite Communication Market, By Platform
6.1 Introduction
6.2 Land SATCOM equipment
6.3 Airborne SATCOM equipment
6.4 Portable SATCOM equipment
6.5 Maritime SATCOM equipment

7 Global Satellite Communication Market, By Application
7.1 Introduction
7.2 Airtime
7.2.1 Voice
7.2.2 Data
7.3 Asset Tracking/Monitoring
7.4 Drones Connectivity
7.5 Data Backup and Recovery
7.6 Navigation and Monitoring
7.7 Broadcasting
7.8 Tele Medicine
7.9 Weather Monitoring
7.10 Remote Sensing
7.11 Military Application & Navigation
7.12 Other Applications

8 Global Satellite Communication Market, By End User
8.1 Introduction
8.2 Government & Defense
8.2.1 Government (Civil Uses)
8.2.2 Emergency Responders
8.2.3 Defense
8.3 Energy & Utility
8.4 Transport & Cargo
8.4.1 Fleet Management
8.4.2 Rail services
8.5 Maritime
8.6 Mining and Oil & Gas
8.7 Agriculture
8.8 Communication Companies
8.9 Media & Broadcasting
8.10 Corporates/Enterprises
8.11 Commercial
8.12 Other End Users

9 Global Satellite Communication Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 SKY Perfect JSAT Group
11.2 Viasat, Inc.
11.3 Boeing
11.4 SES S.A.
11.5 Communications & Power Industries (CPI) LLC
11.6 GILAT SATELLITE NETWORKS
11.7 Telesat
11.8 Cobham Limited
11.9 Honeywell International Inc.
11.10 Intelsat
11.11 Inmarsat
11.12 L3 Technologies, Inc.
11.13 Qualcomm Technologies, Inc.
11.14 EchoStar Corporation
11.15 Thuraya Telecommunications Company
11.16 KVH Industries, Inc.

List of Tables
1 Global Satellite Communication Market Outlook, By Region (2020-2028) ($MN)
2 Global Satellite Communication Market Outlook, By Component (2020-2028) ($MN)
3 Global Satellite Communication Market Outlook, By Equipment (2020-2028) ($MN)
4 Global Satellite Communication Market Outlook, By Satcom Transmitter/Transponder (2020-2028) ($MN)
5 Global Satellite Communication Market Outlook, By Satcom Antenna (2020-2028) ($MN)
6 Global Satellite Communication Market Outlook, By Satcom Transceiver (2020-2028) ($MN)
7 Global Satellite Communication Market Outlook, By Satcom Receiver (2020-2028) ($MN)
8 Global Satellite Communication Market Outlook, By Satcom Modem/Router (2020-2028) ($MN)
9 Global Satellite Communication Market Outlook, By Other Equipments (2020-2028) ($MN)
10 Global Satellite Communication Market Outlook, By Services (2020-2028) ($MN)
11 Global Satellite Communication Market Outlook, By Platform (2020-2028) ($MN)
12 Global Satellite Communication Market Outlook, By Land SATCOM equipment (2020-2028) ($MN)
13 Global Satellite Communication Market Outlook, By Airborne SATCOM equipment (2020-2028) ($MN)
14 Global Satellite Communication Market Outlook, By Portable SATCOM equipment (2020-2028) ($MN)
15 Global Satellite Communication Market Outlook, By Maritime SATCOM equipment (2020-2028) ($MN)
16 Global Satellite Communication Market Outlook, By Application (2020-2028) ($MN)
17 Global Satellite Communication Market Outlook, By Airtime (2020-2028) ($MN)
18 Global Satellite Communication Market Outlook, By Voice (2020-2028) ($MN)
19 Global Satellite Communication Market Outlook, By Data (2020-2028) ($MN)
20 Global Satellite Communication Market Outlook, By Asset Tracking/Monitoring (2020-2028) ($MN)
21 Global Satellite Communication Market Outlook, By Drones Connectivity (2020-2028) ($MN)
22 Global Satellite Communication Market Outlook, By Data Backup and Recovery (2020-2028) ($MN)
23 Global Satellite Communication Market Outlook, By Navigation and Monitoring (2020-2028) ($MN)
24 Global Satellite Communication Market Outlook, By Broadcasting (2020-2028) ($MN)
25 Global Satellite Communication Market Outlook, By Tele Medicine (2020-2028) ($MN)
26 Global Satellite Communication Market Outlook, By Weather Monitoring (2020-2028) ($MN)
27 Global Satellite Communication Market Outlook, By Remote Sensing (2020-2028) ($MN)
28 Global Satellite Communication Market Outlook, By Military Application & Navigation (2020-2028) ($MN)
29 Global Satellite Communication Market Outlook, By Other Applications (2020-2028) ($MN)
30 Global Satellite Communication Market Outlook, By End User (2020-2028) ($MN)
31 Global Satellite Communication Market Outlook, By Government & Defense (2020-2028) ($MN)
32 Global Satellite Communication Market Outlook, By Government (Civil Uses) (2020-2028) ($MN)
33 Global Satellite Communication Market Outlook, By Emergency Responders (2020-2028) ($MN)
34 Global Satellite Communication Market Outlook, By Defense (2020-2028) ($MN)
35 Global Satellite Communication Market Outlook, By Energy & Utility (2020-2028) ($MN)
36 Global Satellite Communication Market Outlook, By Transport & Cargo (2020-2028) ($MN)
37 Global Satellite Communication Market Outlook, By Fleet Management (2020-2028) ($MN)
38 Global Satellite Communication Market Outlook, By Rail services (2020-2028) ($MN)
39 Global Satellite Communication Market Outlook, By Maritime (2020-2028) ($MN)
40 Global Satellite Communication Market Outlook, By Mining and Oil & Gas (2020-2028) ($MN)
41 Global Satellite Communication Market Outlook, By Agriculture (2020-2028) ($MN)
42 Global Satellite Communication Market Outlook, By Communication Companies (2020-2028) ($MN)
43 Global Satellite Communication Market Outlook, By Media & Broadcasting (2020-2028) ($MN)
44 Global Satellite Communication Market Outlook, By Corporates/Enterprises (2020-2028) ($MN)
45 Global Satellite Communication Market Outlook, By Commercial (2020-2028) ($MN)
46 Global Satellite Communication Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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