Satellite Communication Market – By Technology (Satellite Telemetry, AIS, VSAT, and Others), By Communication Network (Satellite Internet Protocol Terminals, Gateways, Modems, and Others), By Satellite Services (FSS, BSS, MSS, RNSS, Metrological Satellite Services, SBS, RSS, Others), By Communication Equipment (Network Equipment, Consumer Devices), By End-User (Commercial (Power and Utilities, Maritime, Mining, Healthcare, Telecommunication & others), Government & Military (Space Agencies, Defence, Academic Research & Others), Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030

Satellite Communication Market Overview:

Satellite Communication Market Size is valued at $15.18 Billion by 2030, and is anticipated to grow at a CAGR of 9.4% during the forecast period 2024 -2030. Satellite communication involves transmitting data, voice, and video signals via artificial satellites, enabling long-distance communication where traditional infrastructure is lacking. This system includes ground stations that uplink data to satellites, which then downlink it to other stations or end-users. 
Key applications span telecommunications, broadcasting, navigation, remote sensing, and military use. The growing demand for audio broadcasting and voice communication fuels industry growth, especially with the rise of direct-to-home (DTH) services in media. High Throughput Satellites (HTS) and Low Earth Orbit (LEO) Satellites are driving the market, along with developments in satellite telemetry and Very Small Aperture Terminals (VSATs).

Market Snapshot: 

Satellite Communication Market - Report Coverage:

The “Satellite Communication Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Satellite Communication Market.
 

COVID-19 / Ukraine Crisis - Impact Analysis:  

•    The Covid-19 crisis had a multifaceted impact on the satellite communication market, driving both challenges and opportunities. With the surge in remote work and digital communication, demand for broadband satellite services increased significantly, particularly in underserved areas. This growth accelerated investments in satellite infrastructure and services. However, supply chain disruptions and delays in satellite launches posed obstacles to market expansion. Additionally, the pandemic highlighted the importance of reliable communication networks for emergency response and crisis management, prompting governments and businesses to prioritize satellite solutions. Overall, the crisis catalyzed innovation and transformation within the satellite communication sector.
•    The Russia-Ukraine war has significantly impacted the satellite communication market by accelerating demand for secure, resilient communication systems. Increased military operations emphasized the need for reliable satellite connectivity for defense and intelligence purposes. Additionally, the conflict spurred investments in low Earth orbit (LEO) satellite constellations, enhancing global coverage and reducing latency. The war also highlighted vulnerabilities in terrestrial communication infrastructure, prompting governments and private sectors to explore satellite solutions for emergency communication. As a result, key players are innovating and expanding their offerings, leading to a dynamic growth phase in the satellite communication industry.

Key Takeaways:

•    MSS Dominated the Satellite Communication Market

On the basis of satellite services, MSS held the highest segmental market share of around 39.1% in 2023. Mobile satellite services significantly influence the satellite communication sector, particularly due to the increasing number of subscribers. These services are primarily deployed in aeronautical, land, and maritime sectors, driving market growth. For example, SpaceX's Starlink plans to launch a commercial satellite-to-phone service in 2024, initially offering SMS before expanding to voice, data, and IoT connectivity by 2025. Their website highlights compatibility with standard LTE phones, simplifying user setup. In a notable collaboration, the Indian Space Research Organization (ISRO) and NASA are set to launch an Earth observation satellite in the first quarter of 2024, as confirmed by the deputy minister for science and technology. This partnership underscores the global effort towards enhanced satellite capabilities and Earth monitoring, marking an exciting development in the field of space technology and communication.

•    Media & Entertainment Leads the Satellite Communication Market

On the basis of end-user, media, and entertainment held the highest segmental market share of around 25.9% in 2023, driven by the rising popularity of platforms like Netflix, Amazon Prime Video, and YouTube. The COVID-19 pandemic significantly boosted the usage of entertainment applications during lockdowns, amplifying the demand for higher bandwidth services. This shift is expected to support market growth throughout the forecast period. Additionally, the Telecom and IT sectors are poised for significant expansion, primarily due to the deployment of advanced internet connectivity solutions across many organizations. These combined factors are positively influencing the satellite communication market. As a result, the demand for satellite services continues to rise in various sectors, propelled by advances in communication technology and the broadening of applications. The synergy between increased entertainment consumption and technological innovations in telecommunications is set to enhance the overall landscape of satellite communications in the coming years.

•    Growing Demand for Satellite Communication Due to Increasing Demand for Maritime Satellite Communication

The maritime satellite communication market is experiencing significant growth driven by increasing demand and safety concerns at borders. Reliable communication is vital for enhancing maritime operations. Notably, in February 2022, the Russian Satellite Communications Company (RSCC) expanded its maritime VSAT network to include 400 vessels, comprising 373 sea-going and river ships, along with 27 ice-class vessels, including 12 icebreakers. This expansion represents a major milestone for RSCC in providing connectivity to maritime fleets. A key factor in this growth is the provision of satellite Automatic Identification System (AIS) data, which is crucial for ship tracking and various maritime projects. This development underscores the evolving landscape of maritime communication technology, emphasizing the need for advanced connectivity solutions to enhance safety and operational efficiency in the maritime sector.

•    Negative Impact on the Satellite Communication Market Due to Space Debris Hindering Launch of Satellites

Space debris presents significant challenges to the communication satellite sector, as highlighted in the European Space Agency's (ESA) 2022 Space Environment Report, which noted over 30,000 tracked debris pieces. This increasing orbital clutter raises collision risks, complicating satellite launches and operations. Dead satellites pose particular threats, especially in popular orbital slots designated for communications and surveillance. These non-functional spacecrafts endanger the safety of active satellites traveling on similar trajectories and exacerbate the growing space debris issue. Consequently, the proliferation of space debris is expected to obstruct the development of communication satellites, raising critical concerns about the sustainability of space activities. This situation underscores the urgent need for effective strategies to manage debris and protect the environment in Earth's orbital vicinity, ensuring the long-term viability of satellite operations. Enhanced international cooperation and innovative debris mitigation technologies will be essential for addressing these pressing challenges in the coming years.

Key Market Players: 

Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Satellite Communication Market. The top 10 companies in this industry are listed below:

1.    Thales Group
2.    L3Harris Technologies Inc.
3.    Viasat, Inc.
4.    General Dynamics
5.    Airbus SE 
6.    SpaceX
7.    EchoStar (Hughes)
8.    AsiaSat
9.    Bharti Airtel
10.    Space Star Technology

Scope of the Report: 
 

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