Global Satellite Communication Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Satellite Communication Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Satellite communication system is a communication system that uses artificial communication satellites as its core facilities and belongs to space infrastructure. The satellite communication system mainly includes communication satellites operating in space orbit, and ground measurement and control and monitoring systems for tracking, telemetry and command of the satellites. When using a satellite communication system for communication, at the transmitting earth station, the baseband signal sent by the user is processed by the satellite communication equipment and turned into a radio frequency signal (using an uplink frequency) and then sent to the satellite. As a relay station in the air, the satellite repeater performs low-noise amplification, frequency conversion, and power amplification on the radio frequency signals received by the satellite antenna, and then transmits them to the ground through the satellite antenna. At the receiving earth station, the radio frequency signal (using the downlink frequency) sent by the satellite is received and processed into a baseband signal. Satellite communications operations and services included in this report refer to the use and lease of satellite transponders.

Market Overview:

The latest research study on the global Satellite Communication market finds that the global Satellite Communication market reached a value of USD 14797.82 million in 2022. It’s expected that the market will achieve USD 18261.02 million by 2028, exhibiting a CAGR of 3.57% during the forecast period.

Limitations

The cost of satellite communication technology includes satellite manufacturing, launching satellites through a space shuttle, and investing in ground parts or base stations to manage and control satellites. In addition to huge expenditures, the development and launch of satellites will take several years to complete, and the deployment of satellites depends entirely on the successful launch of the space shuttle. In severe weather conditions, such as storms and heavy rain, satellite connections may experience interference or delays in receiving or transmitting signals. Moreover, the life of standard satellites is 12 to 15 years. Short service life and high launch costs may limit the development of the satellite communications market.
As the frequency of satellite launches increases, the problem of space debris becomes more serious. The space around the earth has gradually become a large garbage dump, and the intensity of garbage has become a hot topic. Any new spacecraft must operate at a low enough altitude to re-enter the atmosphere after the mission is completed, or include a forced orbit mechanism that operates when necessary. The problem of space debris may hinder the future development of the satellite communications market.
The increase in the number of satellites may pose regulatory challenges. In order to perform communication functions, satellites need to be placed in a certain orbit and radio frequency spectrum is used. Both of these resources are limited natural resources. As the number of satellites launches increases, the satellite communications industry will be subject to stricter regulations. The relevant regulations are also facing challenges from more and more state and non-state actors engaged in space activities.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

The top three companies are SES S.A., Intelsat, Eutelsat with the revenue market share of 20.27%, 18.97% and 12.96% in 2019.

SES SA through subsidiaries, offers global satellite broadband communications services. The Company offers feeds for cable television networks, Internet access, corporate networks, network facilities, telecommunications services, and audiovisual broadcasting.

Intelsat S.A. operates as a satellite services company that provides diversified communications services to the media companies, fixed and wireless telecommunications operators, and data networking service providers for enterprise and mobile applications, multinational corporations, and Internet service providers.

Segmentation Overview:

Among different product types, Fixed-satellite Communication Service segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Satellite TV (DBS/DTH) segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Satellite Communication market covered in Chapter 3:

Telesat
EchoStar Corporation
Intelsat
Nigerian Communication Satellite
SKY Perfect JSAT
Asia Satellite Telecommunications
SES S.A.
Eutelsat
China Satellite Communications

In Chapter 4 and Chapter 14.2, on the basis of types, the Satellite Communication market from 2018 to 2029 is primarily split into:

Fixed-satellite Communication Service
Mobile-satellite Communication Service

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Satellite Communication market from 2018 to 2029 covers:

Satellite TV (DBS/DTH)
Satellite Radio (DARS)
Satellite Broadband

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)