North America Satellite Internet Market Size, Share & Industry Trends Analysis Report By Frequency Band (K-band, X-band, C-band, and L-band), By Industry, By Country and Growth Forecast, 2022 - 2028
The North America Satellite Internet Market would witness market growth of 21.3% CAGR during the forecast period (2022-2028).
The demand for satellite internet is anticipated to be driven by rising internet use, especially in wealthy economies. In 2019, 56.7% of the world's population had internet access, according to World Bank figures. As a result, it is anticipated that rising internet usage will propel industry expansion.
Additionally, over the past 20 years, the growth of the satellite internet market has been significantly accelerated by several technological advancements like 5G, the Internet of Things (IoT), blockchain, cloud services, and Artificial Intelligence (AI), among many others. More than 4.5 billion people were actively using the internet as of April 2021.
Additionally, market expansion, productivity gains, R&D spending, and other global economic movements have all been significantly influenced by the ICT industry's evolution. The provisioning of goods and services by the ICT sector also aids in economic development.
The Government of Canada and Telesat worked together to build Telesat's LEO Satellite Constellation to offer low-cost, high-speed Internet connectivity in Canada's remote and rural towns. With an investment from the Canadian government of up to $600 million (CAD), the collaboration is expected to generate $1.2 billion (CAD) in revenue for Telesat over ten years. This will assist the business in establishing a cutting-edge communications architecture that provides high-speed broadband services that are simultaneously accessible and affordable across Canada and the rest of the world.
The US market dominated the North America Satellite Internet Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,882.7 million by 2028. The Canada market is poised to grow at a CAGR of 24.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 23% during (2022 - 2028).
Based on Frequency Band, the market is segmented into K-band, X-band, C-band, and L-band. Based on Industry, the market is segmented into Government & Public Sector, Military, Media & Broadcasting, Maritime, Energy & Utility, Transport & Cargo, Corporates/Enterprises, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Singapore Telecommunications Limited (Temasek Holdings (Private) Limited), Hughes Network Systems, LLC (EchoStar Corporation), Viasat, Inc., OneWeb (Network Access Associates Ltd.), Bentley Walker Ltd. (Freedomsat), Thuraya Telecommunications Company PJSC (Al Yah Satellite Communications Company PJSC) (Mamoura Diversified Global Holding PJSC), Eutelsat S.A., Space Exploration Technologies Corp., AXESS Network Solutions S.L., and DSL Telecom.
Scope of the Study
Market Segments covered in the Report:
By Frequency Band
- K-band
- X-band
- C-band
- L-band
- Government & Public Sector
- Military
- Media & Broadcasting
- Maritime
- Energy & Utility
- Transport & Cargo
- Corporates/Enterprises
- Others
- US
- Canada
- Mexico
- Rest of North America
- Singapore Telecommunications Limited (Temasek Holdings (Private) Limited)
- Hughes Network Systems, LLC (EchoStar Corporation)
- Viasat, Inc.
- OneWeb (Network Access Associates Ltd.)
- Bentley Walker Ltd. (Freedomsat)
- Thuraya Telecommunications Company PJSC (Al Yah Satellite Communications Company PJSC) (Mamoura Diversified Global Holding PJSC)
- Eutelsat S.A.
- Space Exploration Technologies Corp.
- AXESS Network Solutions S.L.
- DSL Telecom
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Satellite Internet Market, by Frequency Band
- 1.4.2 North America Satellite Internet Market, by Industry
- 1.4.3 North America Satellite Internet Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Strategies Deployed in Satellite Internet Market
- Chapter 4. North America Satellite Internet Market by Frequency Band
- 4.1 North America K-band Market by Country
- 4.2 North America X-band Market by Country
- 4.3 North America C-band Market by Country
- 4.4 North America L-band Market by Country
- Chapter 5. North America Satellite Internet Market by Industry
- 5.1 North America Government & Public Sector Market by Country
- 5.2 North America Military Market by Country
- 5.3 North America Media & Broadcasting Market by Country
- 5.4 North America Maritime Market by Country
- 5.5 North America Energy & Utility Market by Country
- 5.6 North America Transport & Cargo Market by Country
- 5.7 North America Corporates/Enterprises Market by Country
- 5.8 North America Others Market by Country
- Chapter 6. North America Satellite Internet Market by Country
- 6.1 US Satellite Internet Market
- 6.1.1 US Satellite Internet Market by Frequency Band
- 6.1.2 US Satellite Internet Market by Industry
- 6.2 Canada Satellite Internet Market
- 6.2.1 Canada Satellite Internet Market by Frequency Band
- 6.2.2 Canada Satellite Internet Market by Industry
- 6.3 Mexico Satellite Internet Market
- 6.3.1 Mexico Satellite Internet Market by Frequency Band
- 6.3.2 Mexico Satellite Internet Market by Industry
- 6.4 Rest of North America Satellite Internet Market
- 6.4.1 Rest of North America Satellite Internet Market by Frequency Band
- 6.4.2 Rest of North America Satellite Internet Market by Industry
- Chapter 7. Company Profiles
- 7.1 Singapore Telecommunications Limited (Temasek Holdings (Private) Limited)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Recent strategies and developments:
- 7.1.4.1 Product Launches and Product Expansions:
- 7.2 Hughes Network Systems, LLC (EchoStar Corporation)
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.3 Viasat, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Partnerships, Collaborations, and Agreements:
- 7.3.5.2 Acquisition and Mergers:
- 7.4 Thuraya Telecommunications Company PJSC (Al Yah Satellite Communications Company PJSC) (Mamoura Diversified Global Holding PJSC)
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Recent strategies and developments:
- 7.4.4.1 Partnerships, Collaborations, and Agreements:
- 7.4.4.2 Product Launches and Product Expansions:
- 7.5 OneWeb (Network Access Associates Ltd.)
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Partnerships, Collaborations, and Agreements:
- 7.6 Bentley Walker Ltd. (Freedomsat)
- 7.6.1 Company Overview
- 7.7 Eutelsat S.A.
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Regional Analysis
- 7.7.4 Recent strategies and developments:
- 7.7.4.1 Partnerships, Collaborations, and Agreements:
- 7.8 Space Exploration Technologies Corp.
- 7.8.1 Company Overview
- 7.8.2 Recent strategies and developments:
- 7.8.2.1 Partnerships, Collaborations, and Agreements:
- 7.8.2.2 Acquisition and Mergers:
- 7.9 AXESS Network Solutions S.L.
- 7.9.1 Company Overview
- 7.10. DSL Telecom
- 7.10.1 Company Overview
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