Satellite Communications Market by Component (Equipment, Services), Application (Asset Tracking/Monitoring, Broadcasting, Data Backup and Recovery), End-Use Industry - Global Forecast 2024-2030

Satellite Communications Market by Component (Equipment, Services), Application (Asset Tracking/Monitoring, Broadcasting, Data Backup and Recovery), End-Use Industry - Global Forecast 2024-2030

The Satellite Communications Market size was estimated at USD 69.52 billion in 2023 and expected to reach USD 76.21 billion in 2024, at a CAGR 10.37% to reach USD 138.74 billion by 2030.

Satellite Communications refer to the use of orbiting satellites to relay signals for telecommunications. These artificial bodies, positioned in space, facilitate long-distance communication by reflecting or amplifying radio, television, internet, and other forms of data between devices on Earth and possibly between spacecraft. The satellite communications market refers to the space-based communication technology used for telecommunication, television broadcasting, and broadband services across various end-use applications. Increasing demand for small satellites for earth and space observation services and the growing need for uninterrupted communication in numerous industries contribute to market growth. Moreover, escalating demand for military & defense satellite communication solutions is fueling market growth. High cost of development and maintenance, inadequate communication structures, and countries' participation in the communications industry can pose challenges to the market expansion of satellite communications. Advancements in satellite communication technologies and increasing demand for satellite communications for unmanned vehicles are expected to create market expansion opportunities.

Regional Insights

The United States is a significant contributor due to its well-established space industry and the presence of global leaders in satellite manufacturing and launch services. Investments by government bodies such as the National Aeronautics and Space Administration (NASA) and the Department of Defense, as well as the private sector, support the region's robust infrastructure. The satellite communications market in South America is growing, focusing on expanding connectivity to remote areas and supporting economic growth. Countries such as Brazil and Argentina are steadily increasing their participation in the market with new satellite launches and infrastructure projects. The Asia-Pacific (APAC) region is experiencing rapid growth in satellite communications, attributed to the expanding telecommunications sector and increased demands for mobile and broadband services. Emerging economies such as India and China are heavily investing in space technology, leading to a surge in satellite launches and ground station developments. The region also witnesses a growing number of regional players in the market, aiming to provide satellite services tailored to local requirements, thereby driving innovation and competition. Europe has advanced technology and robust regulatory frameworks, with strong growth in satellite broadband and mobile communications. The Middle East's market growth is driven by the increasing demand for communication services, broadcasting, and earth observation data, particularly in countries with substantial oil and gas industries. Africa's satellite communications market is growing due to the pressing need for connectivity across vast, underserved regions, with more focus on reducing the digital divide and supporting socio-economic development.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Satellite Communications Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increasing Demand for Small Satellites for Earth and Space Observation Services
    • Growing Need for Uninterrupted Communication in Numerous Industries
    • Escalating Demand for Military & Defense Satellite Communication Solutions
    • Market Restraints
      • High Cost of Development and Maintenance
      • Market Opportunities
        • Advancements in Satellite Communication Technologies
        • Increasing Demand of Satellite Communications for Unmanned Vehicles
        • Market Challenges
          • Inadequate Structures for Communication and Underparticipation of Countries in the Communications Industry
          • Market Segmentation Analysis
            • Component: Rising demand for rugged and secure equipment capable of withstanding harsh environments and providing encrypted communications
            • End-Use Industry: Rising use of satellite communication in the transportation and logistics industry to modernize fleet communications
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Satellite Communications Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Satellite Communications Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Viasat and Skylo Technologies Launch First Global Direct-to-Device Network
              
              Viasat, Inc., in union with Skylo Technologies, unveiled a seminal global direct-to-device (D2D) network. This cutting-edge infrastructure empowers Mobile Network Operators, device manufacturers, and chipset producers to advance 3GPP Release 17 compliant devices within Viasat's extensive coverage. The collaboration marries Skylo's satellite technology prowess with Viasat's robust geostationary L-band network and spectrum assets (via Inmarsat) to extend consumer smartphone connectivity and catalyze applications in the Internet of Things, automotive, and defense sectors.
              
              Qualcomm cuts satellite-to-phone partnership with Iridium
              
              Qualcomm Incorporated partnered with Iridium to deliver satellite-to-phone services akin to Apple's collaboration with Globalstar. Qualcomm is renewing its focus on developing standards-based offerings in collaboration with Iridium. With this partnership, Iridium is exploring optimism about the industry's direction toward increased satellite connectivity in consumer devices.
              
              DoD signs USD 270 million agreement to acquire SES satellite communications services
              
              The U.S. Defense Department acquired SES satellite communications services valued at a maximum of USD 270 million over five years, for delivering satellite communications services utilizing its pioneering O3b broadband constellation in medium Earth orbit. This service contract extends from an earlier blanket purchase agreement forged with the Defense Information Systems.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Satellite Communications Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Satellite Communications Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, Al Yah Satellite Communications Company PJSC, ASELSAN A.Ş., AST & Science, LLC, AvL Technologies, Campbell Scientific, Inc., Cobham Limited, Comtech Telecommunications Corp., CPI International Inc., EchoStar Corporation, Eutelsat S.A., General Dynamics Mission Systems, Inc., Gilat Satellite Networks Ltd., Globalstar, Inc., Holkirk Communications Ltd, Honeywell International Inc., Indra Sistemas, S.A., Intellian Technologies, Inc., Intelsat US LLC, Iridium Communications Inc., L3Harris Technologies, Inc., Ligado Networks, Maxar Technologies Holdings Inc., Network Innovations Inc., Qualcomm Incorporated, SES S.A., SKY Perfect JSAT Holdings Inc., ST Engineering, Telesat Corporation, The Marlink Group, Viasat, Inc., and Viking SatCom.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Satellite Communications Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Component
              • Equipment
                • Antenna
                • Modem
                • Receiver
                • Transceiver
                • Transponder
                • Services
                • Application
                  • Asset Tracking/Monitoring
                  • Broadcasting
                  • Data Backup and Recovery
                  • Data Communication
                  • Navigation and Monitoring
                  • Voice communication
                  • End-Use Industry
                    • Aerospace & Defense
                    • Government
                    • Industrial
                    • Maritime
                    • Media
                    • Transportation & Logistics
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • California
                          • Florida
                          • Illinois
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year